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Real Estate and Development

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$6.3 million renovation proposed for Market District warehouse

A $6.3 million renovation is planned for a warehouse in 152-year-old warehouse (pictured) in Des Moines’ Market District, the City Council learned this week.

Developer Tim Rypma, a partner in Stapek Partners LLC, is proposing a historically …

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2 retailers new to metro area opening stores in West Des Moines

Floor & Decor, a hard-surface floor retailer with 128 warehouse-format stores in 30 states, is opening its first Iowa location, anchoring an aging West Des Moines strip retail center at 1400 22nd St., city building …

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Omaha-based developers plan second multifamily project in Ankeny’s Prairie Trail planned community

Construction of the Sterling North at Prairie Trail multifamily development is scheduled to begin in the spring. The new apartment complex will include about 400 luxury units. Rendering special to the Business Record The company behind…
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INTERACTIVE MAP: Fourth quarter info added to 2021 commercial building permit map

 

Nearly 70 new commercial building projects were started in the Des Moines area in the fourth quarter of 2021, permit data from 13 metro-area communities and Polk County shows.

Click on each icon to …

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Des Moines council hears details of two proposed developments valued at $405 million

On the left is a rendering of a professional soccer stadium proposed for an area southwest of downtown Des Moines. On the right is a rendering of a multiuse stadium proposed in former department store …

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Is empty property next to downtown parking garage part of foreclosure, developers ask in court battle

A Polk County District Court judge is being asked to clarify the ownership of two undeveloped lots adjacent to downtown Des Moines parking garage property that was foreclosed on, according to court papers filed Thursday …

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Des Moines to buy garage at the Fifth, but legal battle with developers continues

Des Moines Register: Des Moines will soon own an 11-story parking garage that is part of the embattled project the Fifth. A purchase agreement approved Wednesday by the City Council will free the city to enter …

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Nine Iowa communities receive historic preservation grants

The historic Muscatine County Jail. Submitted photo

Nine Iowa communities have been selected to receive a total of $108,284 in grants for historic preservation projects. The State Historic Preservation Office, a bureau of the Iowa Department …

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NOTABLE TRANSACTIONS: Altoona farm ground purchased for warehouse development

KCI Altoona Industrial Land LLC, based in Kansas City, paid Valley Development Co. $4.37 million for 75 acres of farm ground in Altoona, Polk County real estate transactions show. KCI Altoona plans to develop up to 1.24 million …

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PROJECT UPDATE: Shelter for women and children

The three-story section of a former east-side elementary school would be razed to make room for a shelter for women and children. The proposed project has experienced delays related to the pandemic. Photo by Kathy A.…
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