Des Moines city officials have recommended two downtown area apartment developments to receive state funding, choosing them over three other projects that included YMCA supportive housing and senior apartments. The projects are: Eagle View Lofts, a six-story, 120-apartment project along the Des Moines River, and The Edge at Grays Landing, a 90-unit apartment complex at Southwest Ninth and Tuttle streets.
DES MOINES, Iowa - Real estate professionals may tell you there are plenty of signs development for downtown Des Moines is on the rise, but that doesn't seem to change the fact that developers are still struggling to entice retailers to open up shop there.
The failure to land Starbucks as a tenant in the biggest East Village development in years illustrates the continuing struggle to lure retailers to the city's core, developers and city officials say. "It's always been a challenge when I'm working with retailers to get them to the East Village and downtown," said Tyler Dingel, a broker with CBRE/Hubbell Commercial.
The decision to cut street-level retail space from a $49 million East Village development has drawn opposition from neighborhood leaders and left city officials deadlocked about giving the project public subsidies. Hansen Real Estate Services wants to build a hotel, apartment and parking garage complex covering an entire city block at 201 E.
EMC Insurance Cos. will demolish three old buildings and replace them with a four-story office building at Eighth and Walnut streets, the company said. The EMC campus currently includes the EMC home office building at 717 Mulberry St., the 700 Walnut St.
A sandy lot and a grove of trees bordered by a river levee might seem like a pleasant spot for a picnic and little else to many of us, but for the city of Des Moines, an eager developer and a creative urban designer, that piece of ground is so much more.
A newly announced development in downtown Des Moines is expected to have killer views of the downtown skyline. It's called Eagle View Lofts, a $16 million apartment complex with 120 units. The building will be seven stories tall. It's designed to take advantage of a great view of the Des Moines River and parts of downtown.
From low-income YMCA housing to apartments in the burgeoning area south of downtown, Des Moines officials have a wide range of projects to pick from in what is likely the city's last round of federal disaster relief funding. Five developers have applied for community development block grants, known as CDBG, for housing projects in Des Moines.
Developers are transforming the area around Principal Park in downtown Des Moines, adding dozens of new apartments and lofts. Wednesday night, the grand opening of the Ballyard Lofts was held. "It's industry but feel homey. There's a good energy about the building and community surrounding it," said Corey Winegardner.
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