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Real Estate and Development

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4,600 new apartment units planned in Des Moines area in next two years; area’s vacancy rate at 6%

Construction is expected to begin in the next two years on multifamily projects that would add over 4,600 apartment units to the Des Moines area, according to CBRE Inc.’s recent market report.

Twenty-five percent, or …

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Assessment of Grimes’ Governors District to engage stakeholders, help city define vision for future development

The city of Grimes is preparing to undertake an assessment of its Governors District — an area  defined as the city’s old downtown neighborhood — an important step in the development of the city’s strategic …

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Construction begins this summer on for-sale condos in Gray’s Station

Construction is expected to begin this summer on Telus, for-sale condominiums in Hubbell Realty Co.’s Gray’s Station development between downtown and Gray’s Lake. Telus will include one- and two-bedroom condos, ranging in size from 760 …

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Steak ‘n Shake planned in Waukee

Waukee could soon be the home of the metro area’s second Steak ‘n Shake. The City Council this week approved a site plan for the restaurant proposed on 1.2 acres at 1045 S.E. Alice’s Road. …

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Local developer buys properties in Highland Park business district

Local developer Brian Clark has acquired three properties in Des Moines’ Highland Park business district including a 105-year-old building on Euclid Avenue, Polk County real estate records show.

Clark, doing business as 615 Euclid LLC, paid Legacy 515 …

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NOTABLE TRANSACTIONS: Des Moines mobile home park acquired by Florida company

A Florida-based owner-operator of manufactured housing communities has acquired a mobile home park on Des Moines’ south side, Polk County real estate records show.

Maplewood Communities, doing business as Southland MHP LLC, paid Southland Mobile …

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Norwalk Central Development adds new restaurant

The city of Norwalk has announced the opening of Cooper’s Central Table and Cocktails, a new restaurant and cocktail bar in the Norwalk Central development. The restaurant is located at 1400 Chatham Ave., east of …

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Grimes considers rezoning request for 280-acre mixed-use development

A public hearing is scheduled for Feb. 11 for the proposed rezoning of 280 acres in Grimes that city officials say could lead to the construction of homes and commercial property that will have an …

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Amended concept for Grand Experience clears WDM P&Z

An amended planned unit development concept plan for the Grand Experience development in West Des Moines was approved by the West Des Moines Planning and Zoning Commission Monday. The amended plan was needed because of…
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R&R Realty announces promotions

R&R Realty Group has announced the promotion of Jenny Livingston to vice president of human resources and Mike Herrmann to president of advantage property management.

According to a news release, Livingston previously served as senior vice president …