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515 Walnut Going Up

Work continues to progress on the 33-story 515 Walnut Tower in downtown Des Moines. Vertical construction began with the elevated deck of the building beginning to take shape. The estimated cost of the project is $148 million, with completion expected in 2027. Once complete, its estimated assessed value will be more than $69.5 million. Developer Joe…
By Michael Crumb | Jul 23, 2025
4001 Ingersoll Site

Oak Park is branching out with Canopy

By Michael Morain | editor, dsm magazine The owner of the restaurant Oak Park is planning a spinoff market and cafe just a block west on Ingersoll Avenue. The project, called Canopy, a riff on the oak tree’s branches, is slated for 4001 Ingersoll Ave., in the building that currently houses the music education nonprofit…
By Business Record Staff | Jul 23, 2025
Furniture Mart Ames

Furniture Mart/Ashley furniture store planned for Ames

A new furniture store is expected to open in Ames this fall, filling a gap in the market that has existed for more than a decade. A Furniture Mart/Ashley furniture store is under construction between Walmart and Target on Southeast Fifth Street, just west of South Duff Avenue. It is scheduled to open in November….
By Michael Crumb | Jul 23, 2025
Lancaster apartments wdsm

WDM council approves site plan for The Lancaster multifamily development

The West Des Moines City Council has approved a preliminary plat and site plan for a multifamily development on 88th Street that will include 172 units. The Lancaster development, 700 S. 88th St., will be two four-story buildings that will be built on 9½ acres. Bryan Iowa Housing LLC is the project’s developer. According to…
By Michael Crumb | Jul 23, 2025
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NOTABLE TRANSACTIONS: Office/warehouse property in West Des Moines sold for $1.45 million

Dynamic Machining & Manufacturing LLC, located in Waukee, paid Compass Group USA Inc. $1.45 million for property at 519 S. 18th St. in West Des Moines, Polk County real estate records show. The 1.8-acre parcel includes a 14,250-square-foot, one-story office and warehouse built in 2011. The property is valued at just over $1 million. The transaction…
By Kathy A. Bolten | Jul 23, 2025
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New chair named for ABI’s board of directors

Kellan Longenecker, global supply chain learning and development lead at General Mills Inc., has been elected the 2025 chair of the Iowa Association of Business and Industry’s board of directors. Longenecker has over 20 years of manufacturing and supply chain experience as well as a background in talent development, culture and workforce engagement. Longenecker is…
By Business Record Staff | Jul 22, 2025
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Kum & Go stores will disappear soon in Iowa

The rebranding has begun of Kum & Go convenience stores in Iowa. Maverik, which bought the Iowa convenience store chain in August 2023, has started putting its name on the stores. The Kum & Go store in Neola closed on July 18 and was expected to re-open Tuesday afternoon as a Maverik, a person who answered the…
By Business Record Staff | Jul 22, 2025
unemployment

Find out the jobless rates of Iowa communities

In Marshalltown, 6.4% of people in its labor force were unemployed in June, the highest percentage among Iowa communities, new data from Iowa Workforce Development shows. Marshall County also had the highest jobless rate among Iowa’s 99 counties with 6.2% of its labor force in June unemployed, the state data shows. Statewide, 3.7% of Iowa’s…
By Kathy A. Bolten | Jul 22, 2025