The Edge at Gray’s Landing

Type: New Construction
Role: Developer, Owner, Manager
Building Space: 98 Total Units: (51 Units at 65% HOME Rents)
Financing: Tax Abatement, Workforce Housing Tax Credits, Community Development Block Grants, Conventional Debt, Owner Equity
Location: Des Moines, IA
Year Completed

Overview / Details

The Edge at Gray’s Landing is an integral component of the Gray’s Landing Master Development Plan, which aims to expand the downtown Des Moines landscape through the development of multifamily housing, retail space, commercial space, and hospitality within the 130acre parcel.

The Edge at Gray’s Landing is a 98-unit apartment building comprised of studio, one-bedroom, two-bedroom, and three-bedroom options. Of the total 98 units, 51 will have rents set at 65% HOME rent standards. There are 41 covered and 63 surface parking spaces. Each apartment will feature an in-unit washer and dryer.

The Edge features on-site management by Sherman’s award-winning management team and 24/7 maintenance response.

The location of The Edge is highly desirable given its proximity to the Des Moines Central Business District. Downtown Des Moines has experienced tremendous growth, which is expected to continue through 2017.