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Downtown Des Moines Development: Financial Center to Convert 15 Floors to Residential Use

Downtown Des Moines Development: Financial Center to Convert 15 Floors to Residential Use

Downtown Des Moines development

Downtown Des Moines development takes a significant leap as the Financial Center plans to convert 15 of its floors to residential use. This 25-story skyscraper, once the city’s tallest, is poised for transformation, aligning with the evolving urban landscape.

Downtown Des Moines development
Discover the future of Downtown Des Moines development with the Financial Center’s shift to residential use, enhancing city life.

Des Moines Embraces Urban Renewal

The Des Moines City Council is set to amend a 2020 development agreement with Lawmark Capital Inc., facilitating the shift from commercial to multi-family housing. This conversion will introduce 190 diverse living spaces, from studios to two-bedroom units, alongside ground-floor dining and retail spots.

This initiative not only reimagines a historic building but also addresses the rising demand for downtown living. The Downtown Des Moines development strategy mirrors a broader trend towards revitalizing urban centers by blending residential, commercial, and cultural spaces. Expected to commence construction by September 30, with a completion goal by April 2026, this project highlights the city’s commitment to sustainable growth and diversified urban use.

Downtown Des Moines Development Key Takeaways

  • The Financial Center’s conversion strengthens Downtown Des Moines development, blending historical preservation with modern living.
  • The project aims for a vibrant community space, promoting downtown as a desirable residential option.
  • This development marks a significant step towards addressing urban vacancy and enriching the city’s architectural heritage.