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Real Estate and Development

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25% of houses in Drake neighborhood subdivided into apartments

Returning houses to their original use as single-family residences in an area surrounding Drake University is a key goal in an effort to revitalize the neighborhood, city and neighborhood leaders say.

Over the years, dozens …

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Revitalizing Dogtown

On the surface, the goal sounds daunting: Transform a commercial area surrounding Drake University into an entertainment district that attracts not only people who live in Greater Des Moines but also visitors to the city.…

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Large recreational complex proposed in Johnston

This map shows the proposed layout of a recreational complex proposed for 30 acres in Johnston. Map provided by city of Johnston

A proposed public-private partnership between the city of Johnston and Ignit Sports and Fitness …

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$24M apartment, townhome development planned in Pleasant Hill

Hubbell Realty Co. plans to begin construction this fall on a $24 million townhome and apartment complex in Pleasant Hill. The complex, called Forge65, will include two 48-unit apartment buildings and 38 townhomes. Architectural rendering by …

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NOTABLE TRANSACTIONS

West Lakes Investors LLC paid Kum & Go LC $1.16 million for 18.4 acres of undeveloped ground in West Des Moines, Polk County real estate transactions show. West Lakes Investors, managed by Jonathan Galloway, is …

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PROJECT UPDATE: Bergman Academy Student Activity Center

Bergman Academy is proposing to construct a student activity center (above) at its school in Greenwood Park. The school is in a building that previously housed the Science Center of Iowa. The insets show what…
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New 3-story mixed-use building planned in Valley Junction

Junction House 329 LLC, managed by developer Scott Cutler, is proposed at 329 Fifth St. in West Des Moines’ Valley Junction. Architectural rendering by Substance Architecture   The West Des Moines City Council this week approved…
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Former AIB administration building sold for $2.1 million

The owner of a property management group has purchased the former AIB administration building south of downtown Des Moines for $2.1 million.
        Chase Gochnauer, CEO of Swift Resolutions and Swift Properties,…
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$8.3 million historic renovation planned for Grand Avenue apartment buildings

A Des Moines development team is proposing an $8.3 million historic renovation of three multifamily apartment buildings located at 2801 Grand Ave. Architectural rendering by Goche Inclusions LLC

The final design and financial assistance package for a …

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May home sales down 8.4% from a year ago in Des Moines area

Homes sales in the Greater Des Moines area slipped 8.4% in May when compared with a year ago, new monthly data from the Greater Des Moines Area Association of Realtors shows. Last month, 1,299 homes …