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.
A local developer wants to begin negotiating with the city of Des Moines to build a riverfront apartment complex at the far southern end of the East Village. Hansen Real Estate Services has proposed building 90 market-rate apartments on a plot of land near S.E.
Two East Village hotel developments took steps forward this week, clearing the way for both to break ground in 2014. * The City Council on Monday preliminary approved an incentive package totaling nearly $4.4 million for a 100-room boutique hotel at East Fourth Street and East Grand Avenue.
Downtown's apartment market is getting a test this month. Three apartment complexes opened or began leasing in the past week, providing an opportunity to gauge the demand for housing in the city's core. "I hope this is the litmus test because we are passing with flying colors," said Assistant City Manager Matt Anderson.
City planners are calling it the one of the best places in downtown to invest in. Des Moines' East Village is a hot spot for new development and another new project could get underway this summer. City planners hope to build a $45 million hotel and housing complex on one city block between Second and Third streets and East Locust and Walnut Street.
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