Court Avenue Redevelopment
Des Moines, July 29, 2005 -Its been talked about, debated and redesigned dozens of times over the years, b ut now redevelopment of Court Avenue is really going to happen. The Spaghetti Works building is in for some very big changes and two new buildings will take the place of a parking lot.
Hubbell Realty has struck a deal with the city of Des Moines. If the council approves it, a cluster of condos and apartments will crop up on the empty block. "I ts been a long drawn-out process, but we're making it happen...I'm just happy we're at this point. Finally" says acting city manager, Rick Clark. He says Hubbell's original plan ran into financial snags, but now it is a promising boost for downtown.
The city council is expected to vote on the plan on August 8. The president and CEO of Hubbell Realty says i f the council approves the plan, renovations on the Spaghetti Works building will get started in September. Co nstruction of the other two buildings will start in February. If all goes according to plan, folks will be moving in by February of 2007.
Previous Court Avenue plan revived
A development team headed by Jim Hubbell and Harry Bookey wants to scrap its most recent proposal for redeveloping Court Avenue and go back to the plan it proposed last fall.
That plan calls for an apartment building and a condominium building on Fourth Street south of Court Avenue along with the addition of apartments in the Spaghetti Works building. Underground and surface parking also would be included. The total cost is pegged at $31.3 million. The city of Des Moines would contribute $3.9 million for the new construction and $2.2 million for the Spaghetti Works project. The developers said they would reapply for tax credits for the apartment building in September and apply this week for additional tax credits for the Spaghetti Works project.
The city is also being asked to provide 50 parking spaces for 40 years, improve the Court Avenue streetscape and enter into negotiations with Bookey and restaurateur Paul Rottenberg for an assistance package for a proposed Latin restaurant in the area.
especially with the inclusion of this Latin themed restaurant being added once again.
DMRyan wrote:There's another half to the High Life?