Apartment, Commercial

The Nexus at Gray’s Landing

Type: New Construction
Role: Developer, Owner, Manager
Building Space: 142 Market-Rate Units
Financing: HUD 221(d)(4) Debt, Tax Abatement, Brownfield, EZ Tax Credits Equity, EZ Sales Tax Rebate, Conventional Debt, Owner Equity
Location: Des Moines, IA
Year Completed

Overview / Details

The Nexus 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 130-acre parcel.

The Nexus is a planned 142-unit market-rate apartment building that will be comprised of studio, one-bedroom, two-bedroom, and three-bedroom options. Each unit will be outfitted with exceptional finishes such as; granite counter tops, in-unit washer and dryer, stainless steel appliances, and balconies or walk-out terraces.

Highly attractive amenities will be on-site for residents’ enjoyment. These include: pool and patio complete with grilling stations, fitness center, resident lounge, bike storage, and structured vehicle parking.

The location of The Nexus is highly desirable given its immediate proximity to the Des Moines Central Business District. Downtown Des Moines has experienced tremendous growth, which is expected to continue through 2017, leaving demand for Class A housing and amenities at an all-time high.

Commercial Space

3,300 SF