175-unit apartment building planned in Gray’s Landing
KATHY A. BOLTEN Jul 21, 2021 | 3:24 pm
2 min read time
581 wordsAll Latest News, Real Estate and DevelopmentA new apartment building targeted at renters seeking amenities such as underground parking and dog parks is planned in an area south of downtown Des Moines bursting with residential and other developments.
Minneapolis-based developer Sherman Associates plans to build a five-story, 175-unit multifamily structure on 2.7 acres on the northeast corner of Southwest 11th and Murphy streets. The project is similar to Sherman Associates’ Nexus 142-unit apartment project at Southwest 11th and Tuttle streets.
“We look to market this to a group of people that maybe are not quite ready to buy a house but are looking at the next level of amenities,” Jackie Nickolaus, senior developer for Sherman Associates, said during this week’s Urban Design Review Board meeting. “This building will be full of interior as well as exterior amenities.”Amenities will likely include a swimming pool, dog park and wash station, sauna, hot tub, game and fitness rooms, bike storage, barbeque grills, and underground and surface parking, according to a city document. A rooftop terrace may also be included.
Sherman Associates also plans to start construction this year on the first phase of Slate at Gray’s Landing, a senior living apartment complex at Southwest 11th and Tuttle streets. The complex will cater to active adults who are 55 and older. Sherman Associates also developed the 90-unit Edge apartment complex at Southwest Ninth and Tuttle streets. Sherman Associates’ Gray’s Landing also includes a hotel, child care center and recently completed office building. The Minneapolis developer has invested about $75 million in its Gray’s Landing development, according to city documents.
Also in the area is Hubbell Realty Co.’s Gray’s Station, a $250 million urban community that includes apartments, townhouses and single-family houses. To the west, the development arm of Krause Group is planning a project that includes a multiuse outdoor stadium, hotel and other commercial development.
“We’re confident [the proposed apartment building] will hit a market that other private properties in the area not quite hitting yet,” Nickolaus told the Des Moines board.
Final designs of the planned apartment building are not yet finalized. When completed, the board will review the designs.
Construction is expected to be completed by mid-2023.
Construction begins on $29 million apartment project near Des Moines River
Construction has started on the Level, a 114-unit apartment building in Hubbell Realty Co.’s Bridge District, located south of Interstate Highway 235 and east of the Des Moines River. Rendering by Slingshot Architecture
Hubbell Realty Co. has started construction on a $29 million apartment project called Level, located in the Bridge District in the East Village.
The company had taken out a building permit for the project, which will include 114 apartment units, in February.
Level is the third and final rental apartment project in the Hubbell development. The building will include one-, two- and three-bedroom units, an indoor and outdoor gym, a heated parking garage, kayak storage and patio spaces.
“Given this is our final apartment community within Bridge District, Level will definitely be a focal point in the neighborhood,” Kris Saddoris, vice president of multifamily development for Hubbell, said in a prepared statement. “We’re looking forward to adding additional walkable, connected living opportunities to downtown.”
The Bridge District, begun in 2015 by Hubbell, includes apartment buildings and townhouses. When completed, the development is expected to be valued at nearly $112 million and include about 1,000 people living in 477 home sites
Construction of Level is expected to be completed in spring 2023.
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