Developers of the mixed-use Market District are hoping to see vertical construction begin in the next 12 to 24 months, but to get there, they’re hoping to tap into some state funding through the Iowa Reinvestment Act Program.
Jim Cownie, founder of JSC Properties, and Tim Rypma of Rypma Properties have been collaborating — along with other partners — on the development of the property east of the Des Moines River and south of the historic East Village for more than a decade. Now, with some commitments in hand and others on the way, Cownie and Rypma are looking for a little funding boost to get them to the finish line.
“We’re seeking some help from the state, which we think will be essential to finishing this whole project,” Cownie said…