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Minneapolis based real estate developer, Sherman Associates, broke ground on The Edge at Gray’s Landing – a 90 unit workforce housing development in Downtown Des Moines. The $16 million project is expected to be complete in late 2016.
The Edge at Gray’s Landing is one portion of the multi-phase Gray’s Landing development by Sherman which also includes The Holiday Inn Express currently under construction, and several other upcoming developments including The Nexus, a 142 unit luxury apartment building, and a 70,000 square foot office building.
When construction is complete, The Edge will be a four story building with enclosed parking. According to Will Anderson, project manager for the Gray’s Landing development at Sherman Associates the project is unique because it’s new construction in an urban area with a high concentration of amenities within the Gray’s Landing Development. “Its proximity to downtown, the river and lakes allows us to bring a completely new mix of area amenities, from retail to transportation, that today’s renter desires. This location also has amazing skylines views.”
Beyond its location The Edge offers residents a community room, fitness center, in unit washer/dryer, and security. The project will meet Iowa Greet Streets program standards. It will incorporate innovative storm water management techniques, including rainwater harvest and reuse.
Knutson Construction will serve as the General Contractor on the development. Brett Krantz, Knutson Project Manager will lead team. “We are excited to be working on the Gray’s Landing development and to expand Knutson’s relationship with Sherman Associates in the Des Moines market,” states Brad Johnson, Knutson’s General Manager and Vice President. Other partners on the project include ESG Architects, and lender, American National Bank of Omaha. The project was awarded funds from the Community Development Block Grant (CDBG) program administered and awarded by the City of Des Moines and the Iowa Economic Development Authority.