Aug 31, 2022 - Business

Former AIB campus in Des Moines will become luxury townhomes

A drawing of a townhome.
Drawing courtesy of Studio Iowa via Pinnacle on Fleur

Nearly 3 acres of the former AIB College of Business campus will become high-end townhomes under plans approved this month by Des Moines' Plan and Zoning Commission.

Catch up fast: Pinnacle on Fleur is a 23-unit development in four buildings at 2710 Fleur Dr. with views of downtown, Gray's Lake and Water Works park.

  • The site had some garages for students and staff prior to the school's closure in 2016 but was mostly undeveloped until now.

Details: Fifteen of the townhomes will be roughly 2,500 square feet and priced between $500k-$600k.

  • The others will be about twice as big, have unobstructed views with expansive glass, rooftop verandas, and sell for up to $1.4 million.

State of play: Groundwork is expected to begin next week with construction starting this fall, Jenna Kimberley, vice president of Kimberley Development, told Axios Tuesday.

  • The first units will be finished by summer 2023.
A photo of a townhome.
Drawing courtesy of Studio Iowa via Pinnacle on Fleur
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