downtown Des Moines Archives

Developer closes on 515 Walnut Tower loan, work to resume

By sbogaards | November 7, 2025 |

This rendering shows the 515 Walnut Tower looking from the south toward downtown Des Moines. Work on the project has been paused for two weeks because of a delay in closing a construction loan that…Read More

Insurance Exchange Building sold to Cedar Rapids group

By sbogaards | November 7, 2025 |

The Insurance Exchange Building, recognized by the red umbrella on the downtown skyline, has been sold to a Cedar Rapids development firm. Photo courtesy JLL

A Cedar Rapids property management and development company has purchased …

Market District looks to tap into available IEDA reinvestment district funds

By sbogaards | October 28, 2025 |

This image from JSC Properties shows a digital rendering of the mixed-use Market District development, which is looking for a boost from the state’s Iowa Reinvestment District Act program.

Developers of the mixed-use Market District …

Elwell Company buys former Zora property, insisting “we will not be a bar”

By sbogaards | August 18, 2025 |

The former Zora building at 2120 Ingersoll Ave. has been purchased by the Denny Elwell Company. Its president and CEO said the company will entertain a restaurant or professional office space as part of its…Read More

NOTABLE TRANSACTIONS: 3 downtown Des Moines properties sold in past week

By sbogaards | July 2, 2025 |

Three’s Car Garage LLC, located in Des Moines, paid Garland Enterprises LLC $1.5 million for two parcels in downtown Des Moines, Polk County real estate records show. One parcel at 1304 Locust St. includes a two-story, …

Nonprofit group wants to convert downtown hotel into housing for low-income adults

By jretzlaff | March 24, 2025 |

A decades-old hotel that overlooks downtown Des Moines could be converted to rental housing for low-income adults, city documents show.

The Des Moines City Council at its meeting today is scheduled to vote on providing …

Fong’s to move to former Peace Tree building

By jretzlaff | February 5, 2025 |

Fong’s Pizza will close its current restaurant at 223 Fourth St. at the end of March and reopen in the former Peace Tree Brewing Co. space in the East Village by early April. Business Record…Read More

Teehee’s deal to buy Spaghetti Works space falls through

By sbogaards | January 10, 2025 |

The proposed sale of the former Spaghetti Works space on Court Avenue to comedy club Teehee’s is dead, with Spaghetti Works resuming its search for a buyer, the company’s president said Friday.

Shelly Stokes, president …

Des Moines council to consider agreement with developer for high-rise apartments at former Kaleidoscope site

By sbogaards | December 23, 2024 |

A rendering showing the street view of the proposed 515 Walnut project in downtown Des Moines. Rendering courtesy of Neumann Monson Architects A rendering of how the proposed 515 Walnut building would look as part…Read More

Sale of Wells Fargo’s downtown Des Moines properties may be nearing

By sbogaards | December 6, 2024 |

Property owned by Wells Fargo at 801 Walnut St. in downtown Des Moines is one of five parcels for sale by the financial institution. The Des Moines City Council on Monday is expected to approve…Read More

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Posts Tagged ‘downtown Des Moines’

Developer closes on 515 Walnut Tower loan, work to resume

Insurance Exchange Building sold to Cedar Rapids group

Market District looks to tap into available IEDA reinvestment district funds

Elwell Company buys former Zora property, insisting “we will not be a bar”

NOTABLE TRANSACTIONS: 3 downtown Des Moines properties sold in past week

Nonprofit group wants to convert downtown hotel into housing for low-income adults

Fong’s to move to former Peace Tree building

Teehee’s deal to buy Spaghetti Works space falls through

Des Moines council to consider agreement with developer for high-rise apartments at former Kaleidoscope site

Sale of Wells Fargo’s downtown Des Moines properties may be nearing