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Blackbird Closes on Financing for Historic Fort Des Moines Renovation

July 17, 2017 Des Moines, IA – Blackbird Investments has finalized all funding for the renovation of existing Fort Des Moines structures. The project includes renovating seven former barracks and three horse stables into 142 income-restricted apartments units. The overall project cost is estimated to land close to $40 million. Majority of the funding proceeds…

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29-story tower being planned for the Younkers site

By:  Joel Aschbrenner A local development team wants to build a 29-story tower on the empty lot where the Younkers department store once stood in downtown Des Moines. Blackbird Investments is already renovating the portion of building that survived a massive fire in March 2014. It now wants to build a $60 million high-rise on the empty lot next door,…

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Blackbird proposes 29-story residential tower for former Younkers site

BY KENT DARR, Senior Staff Writer Blackbird Investments plans a 29-story mixed-use building in a vacant site once occupied by Younkers department store in downtown Des Moines. The building would include 220 residential units that would include market-rate rental apartments and for-sale units. In addition, it would have 7,000 square feet of ground-floor retail fronting…

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A Des Moines Landmark May Rise From Its Ashes

By: JOE GOSE DES MOINES — The Younkers department store was an anchor in this city’s downtown for over 100 years. And after it closed in 2005, the prime location was central to a plan to revitalize a long-neglected commercial corridor. A fire in 2014, however, derailed momentum for the project, under which the store,…

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