515 Walnut

Location

515 Walnut Street, Des Moines, Iowa

Uses

Mixed-use, 336-unit mixed-income attainable housing tower, 25,000 square foot retail and commercial space

Status

2021 target completion date

Project Size

$100M acquisition and construction

About This Project

The proposed 33-story residential tower offers a blend of attainable housing across 336 rental units on the site previously occupied by the Kaleidoscope building in the heart of downtown Des Moines. Few affordable housing options exist in the downtown core, and market studies point to a significant demand for housing at reduced price points. Tenants will enjoy the convenience of living downtown, along with building amenities such as a cantilevered pool on the top floor and unobstructed views of the State Capital. This project continues to push the narrative of what attainable housing looks like and how it should be integrated into the standard development process.