Condos, commercial space pitched for former Beaverdale bank site
Add Axios as your preferred source to
see more of our stories on Google.
Photo: Courtesy of the Polk County Assessor
The former GreenState Credit Union site in Beaverdale could become a mixed-use development with ground-floor commercial space and condos above.
Why it matters: The concept would provide new housing for longtime Beaverdale residents who want to downsize without leaving the neighborhood, while creating space for new businesses, Matt Connolly, a commercial broker with NAI Iowa Realty Commercial, tells Axios.
Driving the news: An open house is scheduled for Tuesday to discuss the site's future.
Catch up quick: The credit union closed its Beaverdale branch at 2805 Beaver Ave. when its lease expired earlier this year, opening a new site at 4205 Merle Hay Rd.
- Its former Beaverdale building and nearly 1-acre site, across the street from Fareway Meat Market, are now for sale at just over $1.5 million.
State of play: One concept for the site would demolish the 60-year-old former bank and replace it with a new development, Connolly says.
- "There's nothing put together yet, so it's all a big maybe," he says.
Zoom in: Organizers specifically invited the Beaverdale Neighborhood Association, the Des Moines West Side Chamber, city economic development contacts, and members of the Urban Land Institute.
- The goal is to gather feedback and generate interest, including from prospective condo buyers, commercial tenants and development partners, Connolly says.
If you go: Tuesday, 4-6pm, at the former credit union site.