CONSTRUCTION PIPELINE

Des Moines 3Q 2024

0

UNITS UNDER CONSTRUCTION

0

IN PRE-LEASE /
LEASE UP PHASE

0

UNITS PLANNED

0

PROSPECTIVE UNITS

0

2024 MONTHLY AVG. PRE-LEASE ABSORPTION

0

T24 MONTHLY AVG. PRE-LEASE ABSORPTION

pipeline trends

Share of Inventory Under Construction or in Lease-Up

Pre-Lease Absorption Rate by Month

Multifamily Starts

Construction Pipeline

Forecasted Delivery Dates

Pipeline Status Breakdown by City

Pipeline Data Map

Disclaimer: The property data depicted in our maps 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 8/15/2024, 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
Fountain Terrace655 South 88th StreetWest Des MoinesIA50266146In Pre-Lease/Lease Up Phase9/30/246/22/23
Cunningham, The950 Jordan Creek PkwyWest Des MoinesIA50266199In Pre-Lease/Lease Up Phase9/30/249/5/23
Manchester Village9125 Calvin DriveWest Des MoinesIA5026670In Pre-Lease/Lease Up Phase9/30/249/11/23
Platinum Pointe128 South Marigold AvenueWest Des MoinesIA5026666In Pre-Lease/Lease Up Phase9/30/2411/6/23
Tempo317 East 6th StreetDes MoinesIA50309110In Pre-Lease/Lease Up Phase9/30/245/1/24
West Light1345 East Hickman RoadWaukeeIA50263174In Pre-Lease/Lease Up Phase9/30/245/23/24
Pitch, The705 NW 2nd StreetWaukeeIA50263162In Pre-Lease/Lease Up Phase11/30/247/26/23
Converge NW350 NW 6th StreetWaukeeIA50263213In Pre-Lease/Lease Up Phase11/30/241/1/24
Sterling at Prairie Trail North, The1103 SW 11th LaneAnkenyIA50023400In Pre-Lease/Lease Up Phase12/31/246/27/23
Fireside at Waukee210 NW 2nd StreetWaukeeIA50263283In Pre-Lease/Lease Up Phase12/31/2410/1/23
McCoy @ 8035, The11040 Hickman RoadCliveIA50325120In Pre-Lease/Lease Up Phase12/31/244/1/24
Kettlestone Peak1765 SE Glacier TrailWaukeeIA5026384In Pre-Lease/Lease Up Phase12/31/244/5/24
Meridian at Gray's Landing, The425 SW 11th StreetDes MoinesIA50309174Under Construction12/31/24
Launch Townhomes2936 SE Apex VistaWaukeeIA5026392Under Construction12/31/24
Destination 1411360 Mocking Bird LaneGrimesIA50111323In Pre-Lease/Lease Up Phase4/30/253/4/24
Deco, The1301 Mulberry StreetDes MoinesIA5030981Under Construction8/31/25
515 Walnut Tower515 Walnut StreetDes MoinesIA50309390Under Construction10/31/25
Painted Woods Villas3681 Jasmine LaneWaukeeIA5026394In Pre-Lease/Lease Up Phase11/30/257/1/24
Attivo Trail in Ankeny Phase II1010 SW Magazine RoadAnkenyIA50023110Under Construction11/30/25
Windsor, The1134 63rd StreetWindsor HeightsIA50324105Under Construction11/30/25
418 East Grand418 East Grand AvenueDes MoinesIA50309132Under Construction12/31/25
Fireside at Waukee Phase II200 NW 2nd StreetWaukeeIA50263260Prospective
Halston Square at KettlestoneSE Parkview Crossing Drive & SE Westown PkwyWaukeeIA50263225Prospective
Grand Experience, The8025 Grand AvenueWest Des MoinesIA50266100Prospective
Kettlestone Peak Phase II1765 SE Glacier TrailWaukeeIA50263307Prospective
Slate Phase II400 SW 11th StreetDes MoinesIA50309120Prospective
Kettlestone PrairieSE Esker Ridge Drive & Grand Prairie PkwyWaukeeIA50263118Prospective
Northwest25th Street & Carpenter AvenueDes MoinesIA50311116Prospective
Market District RedevelopmentNWC East 14th Street & East Walnut StreetDes MoinesIA50316100Prospective
Hilltop Phase III3722 Hubbell AvenueDes MoinesIA5031784Prospective
Kettlestone Central Sports ComplexGrand Prairie Pkwy & SE Westown PkwyWaukeeIA50263408Prospective
South 60, TheNW 17th Street & NW Ivy RoadWaukeeIA50263240Prospective
909 Raccoon Street909 Raccoon StreetDes MoinesIA5030960Prospective
LINC Phase IV210 SW 11th StreetDes MoinesIA50309135Prospective
Financial Center Redevelopment666 Walnut StreetDes MoinesIA50309190Prospective
3111 Ingersoll Avenue3111 Ingersoll AvenueDes MoinesIA5031252Prospective
Vintage Business Park at Prairie TrailsSW State Street & SW Vintage PkwyAnkenyIA5002384Prospective
Lancaster, TheSouth 85th Street & Cascade AvenueWest Des MoinesIA50266176Prospective
Commons, The612 Euclid AvenueDes MoinesIA50313100Prospective
Buttner Street & Dickman RoadButtner Street & Dickman RoadDes MoinesIA50315216Prospective
5626 Douglas Avenue5626 Douglas AvenueDes MoinesIA5031051Prospective
Miesblock665 Grand AvenueDes MoinesIA5030975Prospective
Fifth, The422 Walnut StreetDes MoinesIA50309201Prospective
Grand Experience, TheSouth 60th Street & Grand AvenueWest Des MoinesIA50266100Prospective
Attivo Trail in Ankeny Phase III1010 SW Magazine RoadAnkenyIA5002371Prospective
Falcon1435 Mulberry StreetDes MoinesIA50309202Prospective
Two Ruan Center Redevelopment601 Locust StreetDes MoinesIA50309221Prospective
Gateway CrossingsNW 126th Avenue & NW Sheldahl DrivePolk CityIA50226380Prospective
Kettlestone Central LoftsSE Glacier Trail & SE Westown PkwyWaukeeIA50263180Prospective
Roughwood5300 NW 86th StreetJohnstonIA50131103Prospective
High Street Lofts1601 High StreetDes MoinesIA5030991Prospective
West Glen North Village450 South Prairie View DriveWest Des MoinesIA50266184Planned
Lolowau LoveSE Parkview Crossing Drive & SE Westown PkwyWaukeeIA50263100Planned
Village at Sugar CreekSouth 88th Street & Booneville RoadWest Des MoinesIA50266408Planned
Jordan RidgeBooneville Road & South Jordan Creek PkwyWest Des MoinesIA50266657Planned
Keystone on 8th Phases I & II1261 8th StreetWest Des MoinesIA5026583Planned
Picket Fence CommunitiesSouth 88th Street & Mills Civic PkwyWest Des MoinesIA50266243Planned
Converge NW Phase IINorth 10th Street & NW Sunrise DriveWaukeeIA50263256Planned
Loop, TheNW 100th Street & Plum DriveUrbandaleIA50322215Planned
Aston, The603 East 6th StreetDes MoinesIA50309186Planned
Savannah at Ankeny4102 NW 18th StreetAnkenyIA50023226Planned
Hope DistrictNE Beaverbrooke Blvd & NE Heritage DriveGrimesIA50111400Planned

METHODOLOGY

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder

alex.blagojevich@mmgrea.com

Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder

michael.sullivan@mmgrea.com

Brett

Brett Meinzer

Managing Director

brett.meinzer@mmgrea.com

Thomas

Thomas Skevington

Senior Advisor

thomas.skevington@mmgrea.com

Kyle

Kyle Winston

Senior Advisor

kyle.winston@mmgrea.com

Jake Sullivan_2023

Jake Sullivan

Associate Advisor

jake.sullivan@mmgrea.com

Chris Wilson_2023

Chris Wilson

Associate Advisor

chris.wilson@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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