A six-story, 258-unit apartment development is proposed on a vacant lot at 301 SE Fourth St. in Des Moines’ Market District, information provided to the city’s Urban Design Review Board shows.
The proposed $47 million project would be the first building to be constructed in a section of the Market District being redeveloped by District Developer LLC, a consortium that includes developer James Cownie’s JSC Properties, MidAmerican Energy Co., Knapp Properties, developer Tim Rypma and others.
The Market District is an aged, 260-acre industrial area roughly bordered by East Walnut Street, East 14th Street, Scott Avenue and the Des Moines River. The area, bisected by railroad tracks that run east and west, previously was home to a recycling center, scrap metal yard, body shops, the city’s public works yards and a MidAmerican Energy facility…