515 Walnut Going Up

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Michael Crumb | Jul 23, 2025 | 10:33 am |

1 min read time

_{Work continues to progress on the 33-story 515 Walnut Tower in downtown Des Moines. Vertical construction began with the elevated deck of the building beginning to take shape. The estimated cost of the project is $148 million, with completion expected in 2027. Once complete, its estimated assessed value will be more than $69.5 million. Developer Joe Teeling is working with Beal Derkenne Construction on the project. Andy Beal, one of the founders of Beal Derkenne, said in an email that level 2 has been poured and level 3 will be poured soon as the deck-to-deck construction cycle has begun.}_{Photos by Drew Dau}