Dec 20, 2021 - Real Estate

Des Moines considers $20 million mixed-use building in East Village

A photo of a proposed Des Moines building
Illustration courtesy of Heart of America via the city of Des Moines

Construction of a $20 million residential and commercial building in Des Moines' East Village could begin this spring.

Driving the news: The plans go before the City Council Monday.

Why it matters: Preliminary financial terms between developer Heart of America and the city call for more than $4.8 million in incentives for the seven-story project at 317 E. 6th St.

  • Yes, but: The project will generate almost $12 million more in taxes over the next 30 years as compared to the site's current development, city officials estimate.

Details: A pool, fitness center and dog park are part of the 110-apartment plan.

  • The ground floor will be dedicated to commercial space.

What's next: The final terms will come before the council in coming weeks.

  • A late 2023 completion is anticipated.
A photo of a Des Moines building that developers plan to demolish.
This vacant building at 315 E. 6th St. will be demolished to make room for a development proposed by Heart of America. Photo courtesy of the Polk County Assessor
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