This project is still alive. The developer has hired their architect and contractor and is attempting to lock in their financing this spring for a hopeful summer construction start. A parking ramp currently on the site could start demolition as soon as April if all goes to plan.
Also, the price tag has increased to $122 million and the developer has dropped plans for jazz club, but will be adding a boutique hotel to the mix.
From the DM Register:
Quote:
The developer of a proposed skyscraper in downtown Des Moines is nixing plans for a climbing wall and jazz club but adding a hotel to the Court Avenue district.
The $122 million project with its 32-story tower still promises 200 luxury apartments at Fifth Avenue and Walnut Street, where the city recently closed a 620-stall parking garage.
Des Moines leaders wanted the developer of the site to replace the garage with a new parking structure, which resulted in months of negotiation.
"The city challenged us on how can we accelerate replacement of the parking," developer Justin Mandelbaum said at Monday's city council workshop. "But I think that created a win-win because that has now allowed us the opportunity to fit a hotel into the plan."
Hotel guests parking in the ramp would help maximize revenues for the garage.
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http://www.desmoinesregister.com/sto...club/97546500/