Hy-Vee: Downtown Des Moines

Hy-Vee: Downtown Des Moines

The project involves the construction of a new 108,000 square foot mixed use building along with a parking structure located at 420 Court Avenue in Des Moines.  The project is in a highly distressed census tract with a 33.1% poverty rate and is also considered to be a “food desert”.  The total project cost is anticipated to be $29.96 million.

The project will be anchored by an approximately 35,000 square foot full service Hy-Vee store.  Along with groceries the services to be provided will include catering, floral, pharmacy, bakery, banking services, postal services, nutrition/wellness education, and potentially grocery delivery.

The space will also include a Hy-Vee Market Grille which will be a sit-down full service casual family restaurant.  The restaurant will also include a second floor outdoor patio that could provide café seating as well

The second through fourth floors will include 82 market-rate efficiency one and two bedroom apartments.  There will be a range of design options and layouts in the apartments with availability to a rooftop lounge planned for the residents.  There will also be 75 below grade covered parking stalls available to the residents.

  • Categories: Des Moines, Metro, Success Story
  • Property: Hy-Vee
  • Location: Downtown Des Moines, IA
  • Poverty Rate: 33.1%
  • Setting: Metro
  • Project Cost: $29.9 million
  • Impact: 139 direct jobs
  • NMTC allocation: $12 million
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