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Des Moines - 33 story high rise proposal (515 Walnut Tower)

Posted: Tue May 24, 2016 7:10 pm
by javuhzscriptz

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 24, 2016 7:32 pm
by iamjacobm
$60 million seems awfully low for 29 floors, but DSM keeps getting some really awesome development DT. They just had a huge job announcement for their DT the other day too.

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 24, 2016 7:37 pm
by BRoss
Nice! But for some reason I don't see all three projects working out.

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 24, 2016 8:04 pm
by iamjacobm
HR Paperstacks wrote:Nice! But for some reason I don't see all three projects working out.
We will see. DSM is riding a big wave right now. I don't think any of these impressive projects will especially put a glut in the market. If I remember right they are all between 200-280 units? Get some impressive height and won't flood the market if they all go up.

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 24, 2016 8:20 pm
by BRoss
iamjacobm wrote:If I remember right they are all between 200-280 units?
Wow, that's it? I was thinking they would be a lot more. If that's the case, then I guess they all could work.

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 24, 2016 10:26 pm
by CapitalGuy
Wow, Wow, Wow. Even Omaha Cowboy is going to have a tough time explaining this away. I hope Omaha rises to the occasion soon. There are some good things going on in Omaha but DSM seems to have a little more sizzle at the moment.

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 24, 2016 10:46 pm
by GetUrban
I prefer to look at Des Moines success this way: If there is demand for such development in Des Moines, there is still hope that similar demand exists here. No instant gratification though.

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 24, 2016 10:51 pm
by Linkin5
GetUrban wrote:I prefer to look at Des Moines success this way: If there is demand for such development in Des Moines, there is still hope that similar demand exists here. No instant gratification though.
I look at it much the same way. I hope these projects succeed in DSM, it will be exciting to see their skyline expand.

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 24, 2016 11:10 pm
by CapitalGuy
There certainly could be similar demand in Omaha. It would be nice to see all factors come together in Omaha they way they are seemingly coming together in DSM. They also had an out-of-state employer announce the addition of over 1,000+ jobs to their downtown. Sure would be nice to have that happen in Omaha.

Re: Des Moines - 29 story high rise proposal

Posted: Fri May 27, 2016 10:27 am
by MTO
I was excited about the Creighton NuStyle thing until now.

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 31, 2016 5:51 pm
by iamjacobm
Image

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 31, 2016 6:27 pm
by RNcyanide
I'm heartbroken. What will it take for us to get something of this caliber?

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 31, 2016 6:50 pm
by MTO
iamjacobm wrote:Image
I like it.

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 31, 2016 6:54 pm
by MTO
RNcyanide wrote:I'm heartbroken. What will it take for us to get something of this caliber?
(f) = will(city managers+developers)+incentives

Re: Des Moines - 29 story high rise proposal

Posted: Tue May 31, 2016 9:03 pm
by daveoma
MTO wrote:
RNcyanide wrote:I'm heartbroken. What will it take for us to get something of this caliber?
(f) = will(city managers+developers)+incentives
Agree Omaha needs tax incentives for high density developments. I think this will encourage more commercial density as well just like we've seen in the Old Market and in the Blackstone neighborhood.

Re: Des Moines - 29 story high rise proposal

Posted: Fri Sep 02, 2016 6:25 pm
by javuhzscriptz

Re: Des Moines - 29 story high rise proposal

Posted: Fri Sep 02, 2016 7:12 pm
by Omaha Cowboy
From the link-

"Such cantilevered pools are not new. You can find them on cruise ships and in posh hotels and condo buildings in major cities and tourist destinations.

But for a small, Midwestern city, it's a novelty.

Blackbird Investments wants to break ground this fall and hopes to open the 276-unit apartment complex by mid-2018."...

Not to throw a wet blanket on this story, but again, this is still a proposal.. And financing is not yet secured and in place.. I say this because some forumers here want to climb a ladder and jump off a roof because nothing of this magnitude is proposed for downtown Omaha at this time..

The liklihood of this ever happening for Des Moines is 50/50 at best. Until financing is in place, and then earth moves and tower cranes appear, I'd hold off on the "for sures" or the criticism of Omaha.. If this happens for DSM, great. But it doesn't diminish anything about Omaha or its downtown either..

I send a good luck to DSM and a thumbs up for a nice, visionary highrise proposal :thumb: ...

Ciao..LiO...Peace

Re: Des Moines - 29 story high rise proposal

Posted: Fri Sep 02, 2016 9:15 pm
by MTO
Yes this is still a proposal but I'd rather have two 26 and 32 proposed than one 16 story proposal. I do to hope they get them both they deserve it they worked harder than Omaha apparently to get them. And of course Omaha should be ashamed, ashamed until it can start pulling similar projects off.

Re: Des Moines - 29 story high rise proposal

Posted: Fri Sep 02, 2016 9:32 pm
by Omaha Cowboy
MTO wrote:Yes this is still a proposal but I'd rather have two 26 and 32 proposed than one 16 story proposal. I do to hope they get them both they deserve it they worked harder than Omaha apparently to get them. And of course Omaha should be ashamed, ashamed until it can start pulling similar projects off.
Omaha should be ashamed? Of what exactly?

That is a ridiculous comment Jake and honestly (at least I think) you know better.. But if that's the game you want to play, so be it..

Omaha should be ashamed...that DSM has a developer "proposing" a 26 story office tower and Omaha dosent? What.. Are you in 8th grade? Give it a rest man. That shtick is getting old and tired...

Ciao..LiO...Peace

Re: Des Moines - 29 story high rise proposal

Posted: Fri Sep 02, 2016 11:20 pm
by daveoma
I find it a huge challenge for DSM to pull this off. Are there really enough wealthy people clamoring to live in downtown DSM? I doubt it.

Re: Des Moines - 29 story high rise proposal

Posted: Mon Sep 05, 2016 1:59 pm
by Monkey2
The developers want to start on this project in 3 months or so.

Re: Des Moines - 29 story high rise proposal

Posted: Wed Sep 07, 2016 2:43 pm
by MadMartin8
Monkey2 wrote:The developers want to start on this project in 3 months or so.

To be fair, we've heard that plenty too, hence the 60-90 days joke.

Re: Des Moines - 29 story high rise proposal

Posted: Wed Sep 07, 2016 8:48 pm
by Linkin5
MadMartin8 wrote:
Monkey2 wrote:The developers want to start on this project in 3 months or so.

To be fair, we've heard that plenty too, hence the 60-90 days joke.
I'd rather hear a developer say a year than "3 or so months".

Re: Des Moines - 29 story high rise proposal

Posted: Wed Sep 07, 2016 8:54 pm
by iamjacobm
Linkin5 wrote:
MadMartin8 wrote:
Monkey2 wrote:The developers want to start on this project in 3 months or so.

To be fair, we've heard that plenty too, hence the 60-90 days joke.
I'd rather hear a developer say a year than "3 or so months".
This is a great comment.

Re: Des Moines - 29 story high rise proposal

Posted: Sun Sep 11, 2016 9:41 pm
by MTO
I wouldn't start talking smack until it's clear the project has failed, at this point in time it's way to early to tell.

Re: Des Moines - 29 story high rise proposal

Posted: Mon Sep 12, 2016 5:50 am
by MadMartin8
MTO wrote:I wouldn't start talking smack until it's clear the project has failed, at this point in time it's way to early to tell.

Question: why is it when it comes to other cities, you err on the side of caution when it comes to calling a development a failure, but if a slight change in the wind happens in Omaha you immediately proclaim that development is going to fail?

Re: Des Moines - 29 story high rise proposal

Posted: Tue Sep 27, 2016 6:18 pm
by iamjacobm
Developers saying November groundbreaking for the Younkers site.

Re: Des Moines - 29 story high rise proposal

Posted: Wed Sep 28, 2016 2:27 pm
by MTO
MadMartin8 wrote:
MTO wrote:I wouldn't start talking smack until it's clear the project has failed, at this point in time it's way to early to tell.

Question: why is it when it comes to other cities, you err on the side of caution when it comes to calling a development a failure, but if a slight change in the wind happens in Omaha you immediately proclaim that development is going to fail?
Cause I know our track record all to well.

Re: Des Moines - 29 story high rise proposal

Posted: Mon Dec 19, 2016 1:13 pm
by Linkin5
Construction start pushed back to April, where have we seen this before? 8)

Re: Des Moines - 29 story high rise proposal

Posted: Tue Dec 20, 2016 12:28 am
by Omaha Cowboy
Linkin5 wrote:Construction start pushed back to April, where have we seen this before? 8)
Lol.. then April gets pushed back to September then etc..etc..etc.. (ad nauseam)..

I really hope this comes through for Des Moines.. We shall see..

Once again, like I've conditioned myself since the HDR debacle, proposals are nice and all.. But mean NOTHING until earth moves, steel is firmly grounded and tower cranes are in the air...

Ciao..LiO...Peace

Re: Des Moines - 29 story high rise proposal

Posted: Thu Dec 22, 2016 5:27 pm
by MTO
They still have one more chance if this fails

Re: Des Moines - 29 story high rise proposal

Posted: Fri Feb 10, 2017 7:28 am
by MTO
Plans have changed this is now going to be 33 floors.

Re: Des Moines - 29 story high rise proposal

Posted: Fri Feb 10, 2017 7:39 am
by CapitalGuy
I guess some on here were right in thinking that the 29 story proposal was never going to work. Apparently it needed to be taller.

Re: Des Moines - 29 story high rise proposal

Posted: Fri Feb 10, 2017 9:32 am
by iamjacobm
Once again, genuinely hope it comes together.

Their partner from Chicago did pull out b/c they didn't like the deal at the raised height and the developers are pursuing their financing through a HUD loan now. With the uncertainty there you never know for sure until its signed.

Again, really hope they get the project rolling. High rises are hard to get done though.

Re: Des Moines - 29 story high rise proposal

Posted: Fri Feb 10, 2017 12:27 pm
by MTO
Strang times when HJD and TIF are used for glistening luxury high rises and massive super block projects.

Re: Des Moines - 29 story high rise proposal

Posted: Wed Jan 10, 2018 11:55 am
by iamjacobm
https://www.desmoinesregister.com/story ... 016502001/
EMC Insurance Companies and Blackbird Investments have announced they plan to swap downtown properties, including the site planned for a 33-story apartment tower.

The announcement was made in a news release Wednesday morning. It did not provide information on either companies' future plans.

EMC said it will acquire the vacant property at 701 Walnut St. from Blackbird. It is the site of the former Younkers department store that was destroyed by a massive fire in 2014 and is located directly across the street from EMC's headquarters.

Blackbird had plans to build a high-rise tower there.
Really interesting news about this project. If they still plan to do a highrise on their new lot it will be virtually across the street from the other DSM highrise proposal.

Re: Des Moines - 29 story high rise proposal

Posted: Wed Sep 12, 2018 8:26 pm
by Linkin5
I believe this is the same proposal that morphed into the now 40 story proposal called The Fifth. Deadlines keep getting passed, quoting financing hurdles, etc. Seems very similar to Wallstreet from what I’ve seen so far.

Re: Des Moines - 29 story high rise proposal

Posted: Sun Feb 19, 2023 12:03 pm
by NorthernGuy
Update:
This is now called The Walnut Tower - 33 floors and 359ft.

80% funding is now secured and site demo permits being requested to the city. Possible construction start mid 2023. Construction to complete 2025.

Image

Image

Image

Re: Des Moines - 29 story high rise proposal

Posted: Sun Feb 19, 2023 12:59 pm
by Linkin5
That is fantastic news, hopefully this thing will finally get built.

Re: Des Moines - 33 story high rise proposal (515 Walnut Tower)

Posted: Sun Feb 19, 2023 1:37 pm
by BRoss
I love that this is moving forward. I was a little worried about DT DSM with recent news of a large employer pulling out, but things are looking up between this and the soccer stadium.