Register article with more renderings:
http://www.desmoinesregister.com/st...-theater-proposal-justin-mandelbaum/29968509/
I do get pretty jealous when doing market research for markets around the country and seeing how far behind our downtown is in comparison.
Working through some high raise appraisals got me thinking about the concept in Des Moines but I'm not too sure how much demand we would actually have for residential property in that size without making an effort to rebuild the life and scene of downtown.
Especially if the unit pricing is up there. Do we have the demographic to support that?
I do get pretty jealous when doing market research for markets around the country and seeing how far behind our downtown is in comparison.
Working through some high raise appraisals got me thinking about the concept in Des Moines but I'm not too sure how much demand we would actually have for residential property in that size without making an effort to rebuild the life and scene of downtown.
Especially if the unit pricing is up there. Do we have the demographic to support that?
I think that demo is growing. New housing is starting to get out a ways from downtown. The commutes (while still are nothing close to being "bad") are getting longer. If you're a young professional - a new downtown apt may be more attractive than a 15-20+ minute commute to Waukee or Ankeny, depending on traffic. There's been a bunch of residential projects the past 10 years or so, and all doing well from what I can tell. They wouldn't keep building them if there wasn't a demand.
As for what's being offered - it's smaller scale, but the Court Ave district is 100x better than what it was when I first moved here 20 yrs back. And I suppose I have to concede that you need a resident population to make it grow, if not make it only sustainable.
(Still not crazy about that Hy Vee however. :wink
This doesn't get proposed to this scale IMO on this site if Hy-Vee isn't across the street. If you read the article, the developer passed on the Y site on the river because of lack of skywalk access to amenities.
The trend of moving to urban areas is as much or more about walkability to what is outside your door as it is about commute times. i.e...it doesn't matter if your commute is 15 mins or 30 as both require you to be a slave to your car to get anywhere. A larger and larger segment of the population doesn't desire that limitation in their lives. People want their cars still, but they want the option of leaving it behind at times and to actually be able to get somewhere of interest (or need...e.g....restaurants, job, shopping).
As for what's being offered - it's smaller scale, but the Court Ave district is 100x better than what it was when I first moved here 20 yrs back. And I suppose I have to concede that you need a resident population to make it grow, if not make it only sustainable.
Have you seen what has been occurring downtown in the decade? Isn't' this already happening before your eyes? I know I see it and experience it.