Des Moines Construction Pipeline 4Q23

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction or in lease-up

# 0

rank*

1 = Highest Share of Inventory UC

0

units delivering in next 4q

0

delivered in the last 4q

* Rank is based on the share of inventory (Units Under Construction/existing inventory) for the largest 150 Markets

Construction Pipeline

Pre-Planned

2,056 Units

Planned

1,285 Units

Under Construction

2,231 Units

Lease-Up

1,099 Units

Building Style

2,298

Garden-style
Units Under Construction or in Lease-Up

705

Mid-rise / Hi-rise
Units Under Construction or in Lease-Up

327

Single-Family
Units Under Construction or in Lease-Up

Demand v Completion

*Denotes Estimated Annual Total

Permitting Data

Submarket Breakdown

722 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
602500694

72 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
41572235

2,521 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
170064

0 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
1,8321,990483

Des Moines Construction Pipeline

The information provided in this construction pipeline map is obtained from RealPage. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.

Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

Full Data Table

Property NameDeveloperSubmarketAddressCityStateZIP CodeProperty StatusConstruction Start Date (in quarters)Construction Finish Date (in quarters)Total UnitsProperty Structure
1200 Keo WayNortheast Des Moines/Ankeny1200 Keosauqua WayDes MoinesIA50309Under Construction01/01/202308/01/202437Townhome/Row Home
1301 Mulberry StreetLloyd CompaniesNortheast Des Moines/Ankeny1301 Mulberry StDes MoinesIA50309Pre-Planned78Podium
215 Southwest 9th StreetHubbellNortheast Des Moines/Ankeny215 SW 9th StDes MoinesIA50309Pre-Planned60Podium
2814 7th StreetNortheast Des Moines/Ankeny2814 7th StDes MoinesIA50313Pre-Planned09/01/202512/01/202636Garden
418 East Grand AvenueNelson Construction & DevelopmentNortheast Des Moines/Ankeny418 E Grand AveDes MoinesIA50309Planned03/01/202410/01/2025132Garden
Commons at Highland ParkInvest DSMNortheast Des Moines/Ankeny3524 6th AveDes MoinesIA50313Pre-Planned40Garden
FalconDouble Eagle DevelopmentNortheast Des Moines/Ankeny1435 Mulberry StDes MoinesIA50309Planned09/01/202405/01/2026192Podium
High Street Lofts EastPrivate DeveloperNortheast Des Moines/Ankeny610 16th StDes MoinesIA50309Under Construction06/01/202312/01/202447Podium
High Street Lofts IIPrivate DeveloperNortheast Des Moines/Ankeny1619 High StDes MoinesIA50309Planned09/01/202412/01/202544Podium
MiesblockNelson Construction & DevelopmentNortheast Des Moines/Ankeny555 7th StDes MoinesIA50309Pre-Planned90Tower
Sterling North at Prairie Trail ISB CommunitiesNortheast Des Moines/Ankeny1103 SW 11th LnAnkenyIA50023Under Construction/Lease-Up10/01/202101/01/2024216Garden
Sterling North at Prairie Trail IISB CommunitiesNortheast Des Moines/AnkenySW State St & SW 11th StAnkenyIA50023Under Construction10/01/202208/01/2024216Garden,Townhome/Row Home
TempoHeart of America GroupNortheast Des Moines/Ankeny317 E 6th StDes MoinesIA50309Under Construction10/01/202205/01/2024110Tower
The AstonHeart of America GroupNortheast Des Moines/Ankeny603 E 6th StDes MoinesIA50309Planned04/01/202412/01/2025186Tower
The BlackbirdPrivate DeveloperNortheast Des Moines/Ankeny515 Walnut StDes MoinesIA50309Planned03/01/202404/01/2026390Tower
The FifthMandelbaum PropertiesNortheast Des Moines/AnkenyWalnut St & 5th AveDes MoinesIA50309Pre-Planned208Tower
The Meridian at Grays LandingSherman AssociatesNortheast Des Moines/Ankeny425 SW 11th StDes MoinesIA50309Under Construction05/01/202302/01/2025175Podium
Two Ruan CenterBlock Real Estate Services LLC/Foutch BrothersNortheast Des Moines/Ankeny601 Locust StDes MoinesIA50309Planned04/01/202402/01/2026200Tower
Merge Dogtown IMerge Urban Development GroupNorthwest Des Moines/UrbandaleUniversity Ave & 24th StDes MoinesIA50311Pre-Planned114Wrap
Merge Dogtown IIMerge Urban Development GroupNorthwest Des Moines/UrbandaleUniversity Ave & 24th StDes MoinesIA50311Pre-Planned184Wrap
The WindsorCaliber IowaNorthwest Des Moines/UrbandaleUniversity Ave & 63rd StDes MoinesIA50311Planned02/01/202411/01/2025101Podium
UA StationNeighborhood Development CorporationNorthwest Des Moines/Urbandale2211 University AveDes MoinesIA50311Pre-Planned24Garden
Walnut CrestPlatinum Development CompanyNorthwest Des Moines/UrbandaleNW 156th St & Meredith DrUrbandaleIA50323Under Construction05/01/202310/01/202472Townhome/Row Home
3140 Indianola AvenueNeighborhood Development Corporation (IA)South Des Moines/Warren County3140 Indianola AveDes MoinesIA50315Planned03/01/202406/01/202540Townhome/Row Home
Norwalk CentralDiligent Development GroupSouth Des Moines/Warren CountySunset Dr & Colonial PkwyNorwalkIA50211Pre-PlannedGarden
Brick Towne at Prairie Crossing IIJensen GroupWest Des Moines/Dallas County731 NE Venture DrWaukeeIA50263Pre-Planned159Garden
ConvergeNWHubbellWest Des Moines/Dallas County360 NW 6th StWaukeeIA50263Under Construction04/01/202309/01/2025459Garden,Townhome/Row Home
Fireside at Waukee IWest Des Moines/Dallas County200 NW 2nd StWaukeeIA50263Under Construction02/01/202308/01/2024224Garden
Fireside at Waukee IIRealtyLink LLCWest Des Moines/Dallas CountyNW 2nd St & NW Compass AveWaukeeIA50263Pre-Planned282Garden
Grand ExperienceWest Des Moines/Dallas CountyGrand Ave & S Jordan Creek PkwyWest Des MoinesIA50266Pre-PlannedGarden
Keystone on 8th IIBenchmark Real Estate GroupWest Des Moines/Dallas County1247 8th StWest Des MoinesIA50265Pre-Planned42Garden
Launch at KettlestoneWest Des Moines/Dallas CountyAshworth Rd & SE LA Grant PkwyWaukeeIA50263Under Construction05/01/202308/01/202492Townhome/Row Home
Parkside ProperPrivate DeveloperWest Des Moines/Dallas County815 NW Douglas PkwyWaukeeIA50263Pre-Planned50Garden
Pavilion ParkLandmark Companies IncWest Des Moines/Dallas CountyWendover Ln & Wendover RdWest Des MoinesIA50266Pre-PlannedGarden
Polo Club IIWest Des Moines/Dallas County6201 EP True PkwyWest Des MoinesIA50266Pre-Planned26Garden
Remington PointePrivate DeveloperWest Des Moines/Dallas CountyU Ave & 11th StWaukeeIA50263Pre-PlannedGarden
RialtoHubbellWest Des Moines/Dallas CountyNW Douglas Pkwy & N 10th StWaukeeIA50263Under Construction07/01/202302/01/2025126Single Family
Stratford PointeLandmark Companies IncWest Des Moines/Dallas County186 NW Sunrise DrWaukeeIA50263Under Construction09/01/202206/01/2024149Garden
StrathmoreEdward Rose and SonsWest Des Moines/Dallas County1260 S Jordan Creek PkwyWest Des MoinesIA50266Under Construction/Lease-Up11/01/201702/01/2024522Garden
The CunninghamCRG Residential/Great Lakes CapitalWest Des Moines/Dallas County950 Jordan Creek PkwyWest Des MoinesIA50266Under Construction/Lease-Up05/01/202202/01/2024199Wrap
The Peak at Kettlestone - AllureLarson DevelopmentWest Des Moines/Dallas County1300 SE Pleasant View DrWaukeeIA50263Pre-Planned186Podium
The Peak at Kettlestone ILarson DevelopmentWest Des Moines/Dallas County1300 SE Pleasant View DrWaukeeIA50263Under Construction06/01/202309/01/202484Garden
The Peak at Kettlestone IILarson DevelopmentWest Des Moines/Dallas County1300 SE Pleasant View DrWaukeeIA50263Under Construction07/01/202310/01/202484Garden
The PitchLloyd CompaniesWest Des Moines/Dallas County705 NW 2nd StWaukeeIA50263Under Construction/Lease-Up12/01/202204/01/2024162Garden
The Reserve at Jordan Creek IIWest Des Moines/Dallas County6135 Village View DrWest Des MoinesIA50266Under Construction09/01/202206/01/202466Garden
The South 60Jerrys HomesWest Des Moines/Dallas CountyT Ave & Grand Army of the Republic HwyWaukeeIA50263Pre-Planned240Garden
Village at Sugar CreekWest Des Moines/Dallas CountyS 81st St & Booneville RdWest Des MoinesIA50266Pre-Planned237Garden
Village of PonderosaPrivate DeveloperWest Des Moines/Dallas County545-565 Market StWest Des MoinesIA50266Under Construction08/01/202105/01/2024116Garden
Waukee on West LightCaliber IowaWest Des Moines/Dallas CountySE Alice's Rd & Hickman RdWaukeeIA50263Under Construction11/01/202208/01/2024174Podium
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BJ Connolly

Senior Director

bj.connolly@mmgrea.com

Zach Schneider

Zach Schneider

Associate Advisor

zach.schneider@mmgrea.com

Alex Blagojevich

Alex Blagojevich

Founding Partner & Executive Managing Director

alex.blagojevich@mmgrea.com

Michael-Sullivan

Michael Sullivan

Founding Partner & Executive Managing Director

michael.sullivan@mmgrea.com

We're proud to advise our clients about more than just their assets. Gain comprehensive insight into the multifamily industry with our exclusive, on demand access to actionable market intelligence.

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AS FEATURED IN

Construction Pipeline Report Methodology

Market Snapshot

Existing Units:  An estimate of the number of units in properties with 50 or more units.

Total Units Under Construction Or In Lease Up: Units being built or pre-leased as of February 2024, for projects with 50+ units.

Units Delivering in Next 4Q: Units expected to complete by the end of Q1 2025.

Share Of Existing Inventory UC: Percentage of units under construction relative to existing stock.

Construction Pipeline Status

Prospective: Early-stage project concepts.

Planned: Projects with approved conceptual plans by planning/zoning authorities.

Under Construction: Actively developed properties.

UC/Lease-Up: Properties under development and pre-leasing.

Rental Category

Discretionary: Resort-quality properties targeting high-income renters or those choosing to rent over owning.

High Mid-Range: Appeals to dual-income households with incomes similar to those in the discretionary category.

Low Mid-Range: Targets working professionals in “gray collar” jobs (e.g., police, firefighters, teachers, technicians).

Workforce: Aimed at blue-collar workers with lower incomes.

Pipeline Map & Data Table

Data sourced from Yardi Matrix. While accuracy is prioritized, the exactness of data cannot be guaranteed.

Construction Pipeline Map

The information provided in this construction pipeline map is obtained from Yardi Matrix. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.

Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

MMG Real Estate Advisors
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