City planners are calling it the one of the best places in downtown to invest in.
Des Moines’ East Village is a hot spot for new development and another new project could get underway this summer.
City planners hope to build a $45 million hotel and housing complex on one city block between Second and Third streets and East Locust and Walnut Street.
“East village is pretty cool now but about half of it is parking lots and as we fill in the parking lots with new developments the streets become whole and the neighborhood becomes richer,” president of the Downtown Community Alliance, Glenn Lyons said.
If the plan goes through the complex would be a combo of hotel, housing and retail space.
Out of the 1,500 housing units being built this year in downtown, 400 of those are in the East Village.
Developers are hoping to get a start on the project soon.
“Hopefully this summer we’ll get started on scrapping the site and moving things forward from that perspective and we’re looking at up to 18 months of total construction time frame,” Troy Hansen of Hansen Real Estate said.
Now the plans will be discussed at a city council meeting on Monday.
The new hotel is set to be built next to Embassy Suites. But city planners say that shouldn’t pose a problem because it will serve a different clientele.