AABP EP Awards 728x90

Housing

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NOTABLE TRANSACTIONS: Downtown Des Moines apartment building sold for $18.6 million

A Denver, Colo.-based real estate investment group has purchased a midrise apartment complex at 660 E. Fifth St. in Des Moines, Polk County estate records show.

Entities managed by VareCo paid $18.65 million for the property, which …

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237-unit apartment complex planned in West Des Moines

The site plan for a development that includes the construction of a 237-unit complex on a 12.3-acre parcel at South 81st Street and Booneville Road was approved this week by West Des Moines’ Planning and …

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Senior housing development proposed next to Southridge Mall

An out-of-state development group is proposing to build a 90-unit low-income senior housing facility on 4.4 acres at 1111 E. Army Post Road. Architectural rendering by Berardi+Partners Inc.

 

An Indiana-based development group is proposing to construct …

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Report: Des Moines area experiencing decline in home sales

  The number of homes sold in the Des Moines area slipped to 1,302 in September, an 11% decline from both August 2022 and September 2021, the Des Moines Area Association of Realtors’ monthly report…
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$6.5 million development planned in Drake neighborhood will include grocery store, workforce apartment units

A lot at 22nd Street and University Avenue in Des Moines’ Drake neighborhood has been cleared of a convenience store and fuel pumps to make way for a $6.5 million development that will include a …

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Average residential building permit value reaches record $384,781 in August

          The average value of a residential building permit in the Des Moines area reached $384,781 in August, the highest ever, a review of communities’ building permit data shows.

Through Aug.…
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Number of houses for sale in Des Moines area on the rise

More than 2,660 homes were listed for sale in the Des Moines area in August, the highest number since July 2020, data from the Des Moines Area Association of Realtors shows.

The increase in listings …

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Polk County ponders a new affordable housing model

Axios Des Moines: Homes would remain “affordable forever” under an idea being discussed among Polk County officials to buy and permanently own land used for low-income housing. Advocates contend that creating a community land trust could …

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216-unit apartment project proposed near Raccoon River

A 216-unit apartment project called Union at Rivers Edge is proposed on a vacant site at 214 Jackson Ave., just a few steps away from the Meredith Trail and the Raccoon River. Architectural rendering by ASK …

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34 new projects underway in Des Moines area, including 8 multifamily developments, football/soccer stadium

Commercial building permits valued at more than $125.5 million were issued in August for new projects in the Des Moines area, including eight new multifamily buildings, a review shows.

In all, 34 permits were issued …