Blackacre Development LLC has bought another parcel in an area south of downtown Des Moines where an outdoor sports and entertainment venue is proposed to be built, Polk County real estate records show.
Blackacre Development, a subsidiary of Krause Group, paid $1.8 million to David and Susan Moffitt on Jan. 7 for 3 acres at 1350 Tuttle St., records show. Moffitt-Lumberman’s Wholesale had been located at the site, which includes six buildings. The property was valued at $1.2 million in 2019, records show.
Krause Group has proposed building a 6,000- to 8,000-seat multiuse sports stadium that would be home to a United Soccer League Championships franchise team.
Blackacre Development has made two other land purchases in the area:
• In December, the group paid $7.98 million for nearly 9 acres at 310 S.W. 14th St.
• In August, it bought 3.4 acres at at 315 S.W. 14th St. for $2.45 million.
The most recent purchase brings the total to $12.2 million for the amount of money the development group has paid for land for the proposed $95 million outdoor sports and entertainment venue.
The project is proposed along Southwest 14th Street south of Martin Luther King Jr. Parkway. In addition to the stadium, the project is proposed to include a 500-vehicle parking ramp, restaurants and a five-story, 150,000-square-foot mixed-use retail and office building, according to plans presented to Des Moines officials.
Backers of the effort to bring professional soccer to the Des Moines area have until April 1 to show there is support, financially and otherwise, for a team and soccer stadium.
Other transactions include:
