CONSTRUCTION PIPELINE

Des Moines Q2 2025

0

UNITS UNDER CONSTRUCTION

0

IN PRE-LEASE /
LEASE UP PHASE

0

UNITS PLANNED

0

PROSPECTIVE UNITS

Construction Pipeline

Pre-Lease Absorption Rate by Month

Forecasted Delivery Dates

Pipeline Status Breakdown by City

Pipeline Data Map

Disclaimer: The property data depicted in our reports is sourced from third-party providers and government sources. MMG does not directly collect or track this information. Due to the nature of external data collection, some properties may be omitted, which is beyond our control. Furthermore, the pipeline dataset was assembled on 5/15/2025, and changes in project statuses or new additions to the pipeline may not be reflected by the time of publication. While we strive to provide actionable and useful data, we do not guarantee its completeness. Clients are advised to verify all property details independently.

Full Data Table

Property NameProperty AddressCityStateZip CodeUnit CountProperty StatusForecasted Completion DateStart Of Rent Up
Painted Woods Villas3681 Jasmine LaneWaukeeIA5026394In Pre-Lease/Lease Up PhaseJul-24Jul-24
Kettlestone Peak1765 SE Glacier TrailWaukeeIA50263356In Pre-Lease/Lease Up PhaseJul-24Jun-24
The Meridian at Gray's Landing425 SW 11th StDes MoinesIA50309174In Pre-Lease/Lease Up PhaseJan-25Dec-24
Concord at Marketplace565 Market StWest Des MoinesIA50266156In Pre-Lease/Lease Up PhaseFeb-25Jan-25
The Villages of Kimberley Crossing1424 NE 56th LnAnkenyIA5002193In Pre-Lease/Lease Up PhaseFeb-25Jan-25
Roseann1630 SW Magazine RdAnkenyIA5002384In Pre-Lease/Lease Up PhaseMay-25Apr-25
The Deco1301 Mulberry StreetDes MoinesIA5030981In Pre-Lease/Lease Up PhaseJun-25Apr-25
The Windsor1148 63rd StreetWindsor HeightsIA50324105In Pre-Lease/Lease Up PhaseJun-25Apr-25
Savannah at Ankeny1810 NW Savannah DriveAnkenyIA50023222In Pre-Lease/Lease Up PhaseJul-25Apr-25
Launch Townhomes2950 SE La Grant PkyWaukeeIA5026392In Pre-Lease/Lease Up PhaseJul-25Jun-25
The Flats at West Glen509 S Soapstone WayWest Des MoinesIA5026665Under ConstructionJul-25
The Lofts at Kettlestone Central2295 SE Glacier TrlWaukeeIA50263180Under ConstructionJul-25
Destination 1411360 Mocking Bird LnGrimesIA50111272In Pre-Lease/Lease Up PhaseAug-25Jul-25
418 East Grand418 East Grand AvenueDes MoinesIA50309132Under ConstructionAug-25
Diamond Ridge1300 NE Hope CirGrimesIA5011180Under ConstructionSep-25
88th and Mills Civic PkwySouth 88th Street & Mills Civic PkwyWest Des MoinesIA50266195Under ConstructionOct-25
Brick Towne Apartments1555 98th StWaukeeIA50263360Under ConstructionDec-25
The Aston603 East 6th StreetDes MoinesIA50309186Under ConstructionDec-25
LINC Phase II1270 Tuttle StDes MoinesIA50309135Under ConstructionMar-26
Callaway at Holland PointeSayre Drive & Waller AvenueNorwalkIA50211148Under ConstructionJul-26
The Standard at Prairie Trail1155 SW Prairie Trail PkwyAnkenyIA50023194Under ConstructionNov-26
301 SE 4th301 SE 4th StreetDes MoinesIA50309250Prospective
Market District RedevelopmentNWC East 14th Street & East Walnut StreetDes MoinesIA50316100Prospective
Miesblock665 Grand AvenueDes MoinesIA5030975Prospective
Valo25th Street & Carpenter AvenueDes MoinesIA50311116Prospective
Kimberley VillasNE 54th Avenue & Interstate 35Des MoinesIA50313225Prospective
HoM FlatsNE 67th Street & Martha L. Miller Drive DriveDes MoinesIA50327306Prospective
7251 SE 5th Street7251 SE 5th StreetDes MoinesIA50315190Prospective
Airport Business Park2909 County Line RoadDes MoinesIA50321120Prospective
Buttner Street & Dickman RoadButtner Street & Dickman RoadDes MoinesIA50315216Prospective
Ruby Rose Ridge2401 50th StreetDes MoinesIA5031065Prospective
Lancaster, TheSouth 85th Street & Cascade AvenueWest Des MoinesIA50266176Prospective
Village at Sugar CreekSouth 88th Street & Booneville RoadWest Des MoinesIA50266408Prospective
Roughwood5300 NW 86th StreetJohnstonIA5013190Prospective
Greystones at Prairie TrailSW Tradition Drive & SW Westview LaneAnkenyIA5002362Prospective
Vintage Business Park at Prairie TrailsSW State Street & SW Vintage PkwyAnkenyIA5002384Prospective
Kettlestone Central Sports ComplexGrand Prairie Pkwy & SE Westown PkwyWaukeeIA50263408Prospective
Gateway CrossingsNW 126th Avenue & NW Sheldahl DrivePolk CityIA50226380Prospective
Fireside at Waukee Phase II210 NW 2nd StreetWaukeeIA50263260Prospective
Prairie Village900 10th StreetWaukeeIA50263148Prospective
South 60, TheNW 17th Street & NW Ivy RoadWaukeeIA50263240Prospective
Williams Pointe NorthNW Douglas Pkwy & NW 10th StreetWaukeeIA50263159Prospective
High Street Lofts1601 High StreetDes MoinesIA5030991Prospective
Commons at Highland Park., The612 Euclid AvenueDes MoinesIA50313100Prospective
Grand Experience, TheSouth 60th Street & Grand AvenueWest Des MoinesIA50266100Prospective
Grand Experience, The8025 Grand AvenueWest Des MoinesIA50266100Prospective
Kettlestone PrairieSE Esker Ridge Drive & Grand Prairie PkwyWaukeeIA50263118Prospective
Line Seven5220 142nd StreetUrbandaleIA50323135Prospective
Spectrum HeightsNE 29th Street & NE 38th StreetAnkenyIA50021180Planned
The LoopNW 100th Street & Plum DriveUrbandaleIA50322215Planned
Two Ruan Center Redevelopment601 Locust StreetDes MoinesIA50309221Planned
Financial Center Redevelopment666 Walnut StreetDes MoinesIA50309210Planned
Jordan RidgeBooneville Road & South Jordan Creek PkwyWest Des MoinesIA50266657Planned
Keystone on 8th Phases I & II1261 8th StreetWest Des MoinesIA5026583Planned
Siena Hills2840 South Ankeny BlvdAnkenyIA50023162Planned
Lolowau LoveSE Parkview Crossing Drive & SE Westown PkwyWaukeeIA50263100Planned
Kentucky Ridge1100 North Jefferson WayIndianolaIA5012551Planned
Converge NW Phase II350 NW 6th StreetWaukeeIA50263256Planned
Pitch Phase II, The705 NW 2nd StreetWaukeeIA5026352Planned
515 Walnut Tower515 Walnut StreetDes MoinesIA50309390Planned
Falcon1435 Mulberry StreetDes MoinesIA50309202Planned

METHODOLOGY

Josh Benard

Josh Bernard

Senior Advisor

josh.benard@mmgrea.com

Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder

michael.sullivan@mmgrea.com

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder

alex.blagojevich@mmgrea.com

Shana Patrick Headshot

Shana Patrick

Managing Director

shana.patrick@mmgrea.com

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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.

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