Soccer Stadium, Valley West Mall: Top CRE Stories of 2025

Okay,here’s a summary of the key development projects highlighted in ⁢the provided⁢ text,focusing ⁣on location,type ‍of project,and key details:

1. Ankeny Data Center (Google)

* Location: ⁢601 S.W. ⁤Oralabor road, Ankeny, Iowa
* Type: Data Center
* Details: 1.8-acre undeveloped parcel.⁣ linked to Google (based on the URL fragment).

2.515 Walnut Tower (Des Moines)

* Location: Fifth and Walnut Streets, Downtown Des ⁣moines
* ‍ type: Residential Tower
* Details:

* ⁢33 stories
⁢ * 390 ⁣residential units (studios to ⁤two ‍bedrooms)
*⁢ Amenities: Fitness ‍center, coffee shop, rooftop gathering space with kitchen/seating.
* Cost: $148 million
⁢* Estimated ‍Assessed Value (upon completion): $69.5 million
* Completion Expected: 2027
* ⁤Developer: St. Joseph Group
* Construction: Beal derkenne Construction
⁢* Significance: Largest residential project in downtown Des Moines,⁣ major skyline change.

3. Former⁣ Wells Fargo Properties (Des Moines)

* Location: Downtown Des Moines ⁢(800 ⁤Walnut St., 801 Walnut St., 206 Eighth st., 207 Ninth St., 800 Mulberry St., 80 Eighth St., 900 Vine St.)
* Type: Redevelopment Possibility (former office buildings and parking)
* Details:

* Purchased by DMCRE1 LLC for $32⁢ million.
* Includes four buildings and critically important ⁢parking facilities (545,000 sq ft garage, surface lots totaling 5.07 acres).
* Focus of ⁤future development: Connecting downtown to the MLK corridor, including the proposed Pro Iowa Soccer‍ Stadium and Global Plaza.

4. Old Federal Courthouse (Des Moines)

* ⁣ Location: Des Moines (specific ⁣address not given)
* ⁤⁢ Type: Residential Conversion
* ⁣ Details:

⁤ * Purchased by Last Best Partners LLC.
* Plans to convert the‍ building into upscale, for-purchase residential units.

Let me know if you’d like me to elaborate on any of these projects or extract other information from the text!