Developer wants to convert Kirkwood to condos

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A national real estate development firm hopes to turn downtown’s Hotel Kirkwood into condos, reports DesMoinesRegister.com. Timothy Schutte, owner of Exit Realty Capital City, has a contract to purchase the 12-story Kirkwood building at 400 Walnut St. and wants to renovate the 54 apartments and sell them as condos as renters’ leases expire. The 85-year-old hotel was converted into apartments in 2005.