Lofts construction begins at Spaghetti Works
Half of new development reserved for moderate-income dwellers
REGISTER STAFF WRITER
February 28, 2006
West Des Moines developer Hubbell Realty Co. officially begins work today on redevelopment of the Spaghetti Works building at 308 Court Ave.
BIG PICTURE: The historic Spaghetti Works building is part of a $31 million Hubbell residential and commercial project along Court Avenue. Hubbell also plans to build 40 condominiums and 52 apartments at Fourth and Court avenues. Half of the apartments will be dedicated to moderate-income residents. Construction begins this spring and is expected to be completed by summer 2007. All three projects are called the Court Avenue Lofts.
RENTS: One-bedroom apartments for moderate-income residents are expected to rent for $676 per month; two bedrooms, $705. Market rents for a one-bedroom apartments will fetch around $725 monthly; two-bedrooms, $1,050. Leasing begins in December. Rachel Flint, a Hubbell spokeswoman, stresses that the rents are preliminary.
INCOME LIMITS: For rent-controlled apartments, incomes are limited to about $28,600 annually for one person; or $40,900 a year for a family of four.
DEVELOPER: Jim Hubbell
WILL THE SPAGHETTI WORKS RESTAURANT BELOW REMAIN OPEN: Yes
Smithson: Court Ave.'s maverick
As downtown's entertainment district grows, Larry Smithson sees himself as a boon to the area, 'the best bar operator' ever. Detractors say he doesn't fit in. At 55, he finds himself at a crossroads.
REGISTER STAFF WRITER
June 3, 2006
Also, anyone know what's going on with the building that used to house Plush? I'd like to see that one torn down and redeveloped.
It's probably owned by the Coppola's and as such will continue to languish in hell because they are completely unrealistic about rents and refuse to sell.
Fortunately it looks like the Coppola's and Smithson's are finally getting squeezed out of the marketplace by people with vision and who are willing to spend a little bit of money to make that vision happen.
No, they won't have retail all the way down the block. At last glance, there was one large commercial space for Ciudad the restuarant, and one smaller retail space right on the corner of 4th & Court. The restaurant will be large enough that it should take up most of the Court Avenue side.
dmluvr wrote:Huh.....yeah..it appears that it's residential on 4th st. I hope to freaking god that these people buying here will realize this is a upbeat entertainment district and won't whine when they hear music after 10 on a friday night.
brian75 wrote:I just heard an ad on the radio that the Surf Shack is open. Has anyone been there? Is it any good? I donÃ¢â‚¬â„¢t know anyone that goes to the SmithsonÃ¢â‚¬â„¢s bars but I hear plenty about the other bars in that area like HighLife Lounge, El Bait Shop, etcÃ¢â‚¬Â¦
I was hoping that he would finally sell that location.
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