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Real Estate and Development

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Des Moines plans $5.5 million animal shelter near river

Construction of a $5.5 million animal shelter is slated to begin in 2020 at Southeast 14th and Harriett streets. Architectural rendering by Hartman Trapp Architecture Studio

A new animal control shelter at Southeast 14th and Harriett …

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Vacancy rate for industrial space drops to about 3%

Construction is underway on Hubbell Realty Co.’s Grimes Distribution Center No. 5 along Iowa Highway 141. The 110,000-square-foot facility is expected to be completed by year’s end.  Photo provided by Hubbell Realty Co.

The vacancy rate …

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Trusses put in place for pedestrian bridge over Raccoon River

Trusses are being put in place this week on the pedestrian bridge that will connect downtown Des Moines with Gray’s Lake. The trusses were made by Des Moines-based Jensen Construction Co. To see more photos, …

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City board discusses proposed 5-story building in East Village

Nelson Construction & Development plans to build a five-story building with apartments, retail and commercial space on this vacant lot at  418 E. Grand Ave. Photo by Kathy A. Bolten

About 16 years ago, Des Moines …

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Housing trust receives $250,000 grant

The Polk County Housing Trust Fund on Monday was awarded a $250,000 Prairie Meadows Legacy Grant, part of $6.6 million the racetrack and casino donated to area charities and organizations.

Among the recipients of the …

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Franklin project back on council agenda

The Des Moines City Council today is slated to vote on the second reading of an ordinance that would rezone 12 acres at the former Franklin Junior High School site from a limited neighborhood retail …

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$27 million multi-use building planned for East Village

Nelson Construction & Development plans to build a five-story building with retail and office space and apartments. Construction of the project, valued at $27 million, is scheduled to begin this fall. Architectural rendering by BNIM.…

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Wells Fargo survey details what Americans will do to own a home

Americans are willing to do whatever it takes to make their homeownership goals a reality — including taking on a side job, cutting expenses and considering a less-expensive location — according to a new Wells …

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Des Moines Partnership develops prospectus for Opportunity Zones

The Greater Des Moines Partnership has developed a prospectus to share information on seven Opportunity Zones in metro area. The Opportunity Zone program is touted as having the potential to create jobs and spark economic …

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Waukee’s credit rating remains the same

The city of Waukee’s general obligation credit rating will remain at Aa2, Moody’s Investors Service announced. The rating, which the city had been upgraded to in 2017, allows Waukee to receive more competitive interest rates …