Type: Adaptive Re-use, Historic
Role: Developer, Owner, Manager
Building Space: 66 Affordable Units
Financing: Iowa Finance Authority Mortgage, State and Federal Historic Tax Credits, Federal LIHTC
Location: Des Moines, IA
Overview / Details
Originally constructed in 1903, the Rumely Lofts building serves as a historic landmark in downtown Des Moines.
The 6-story warehouse-style building was perfect for Sherman Associates’ planned historic adaptive reuse.
Completed in October 2010, Rumely Lofts is comprised of 66 affordable apartment units and 5,345 SF of commercial space.
Residents enjoy a 1,500 SF community room, a computer learning center, fitness center, bike storage, and surface parking.
Units themselves retain much of their historical charm, most notably original restored windows and vaulted ceilings. Modern amenities such as in-unit washer, dryer, and dishwasher complete the blend of old meets new.