The historic Davidson Building in downtown Des Moines has been awarded nearly $1.46 million in state historic preservation tax credits to support its rehabilitation, one of eight projects across Iowa receiving a combined $18.5 million in tax credits.
The Iowa Economic Development Authority announced the awards this week through its State Historic Preservation Tax Credit program.
Developer Jeff Stanbrough acquired the Davidson Building, 108 Third St., in late 2021. He initially had no plans to renovate the building. That changed after a 2024 fire damaged the building’s third floor, prompting Stanbrough to undertake the $8 million project that preserves the structure’s original architectural features while converting it into updated office space…