$24 million Des Moines warehouse conversion proposed
The Carpenter Paper Warehouse building, located at 106 SW 7th St., will be restored and converted into office space under a plan that goes before the Des Moines Urban Design Review Board Tuesday morning.
What's happening: Rypma Properties is proposing a $24.3 million restoration and reuse project.
- It includes a second phase that will also restore the adjacent Lortex warehouse building, 113 SW 8th St. for possible restaurant or entertainment uses.
Catch up fast: The 104-year-old building was used as Carpenter Paper's office and warehouse space until 1987.
- EMC Insurance used it for storage space until selling the property earlier this year.
What's next: City staff is recommending the review board approve the initial design of the project, pending more details on site landscaping. The City Council will make the final approval.
- Project officials will seek more than $8 million in tax incentives.
- Renovations for the first phase could begin this fall.
Of note: A future tenant has not been identified, Tim Rypma, president of Rypma Properties, told Axios Monday.
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