Paused construction on 515 Walnut Tower could resume as early as next week, says developer

DES MOINES, Iowa — Friday marks one week since construction has been stalled on the massive 515 Walnut Tower project in downtown Des Moines.

The project’s developer, Joe Teeling of the St. Joseph Group, LLC, told WHO 13’s Katie Kaplan that work was affected by unexpected delays in securing a large loan earlier in October.

Last week, WHO 13 obtained a copy of the following email that was purportedly sent to subcontractors by Andy Beal of Beal Derkenne Construction (BDC), the project’s main contractor:

All,

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