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Development agreements approved for 2 Highland Park projects

Development agreements approved for 2 Highland Park projects
BY BUSINESS RECORD STAFF
Wednesday, March 17, 2021 7:00 AM
Development agreements have been approved with the team that plans to renovate buildings at 3523 and 3524 Sixth Ave. in Des Moines’ Highland Park neighborhood. Developers Joe Cordaro and Randy Reichardt plan to renovate the buildings, both of which are more than 100 years old and are in poor condition. The buildings anchor the south entryway into the Highland Park business district. The Des Moines City Council this month approved agreements for each building project. Under the agreement for the one-story building at 3523 Sixth Ave., the project will receive up to $534,012 in tax increment financing over 20 years. The project is anticipated to cost $1.76 million. The development agreement calls for the project at 3523 Sixth Ave. to receive up to $1.67 million in tax increment financing over 20 years. Renovation of the m ....

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Renovation projects in Des Moines' Highland Park neighborhood could receive $2.2 million in financial aid

Renovation projects in Des Moinesâ Highland Park neighborhood could receive $2.2 million in financial aid
Monday, January 25, 2021 3:30 PM
A $2.6 million renovation is proposed for the three-story brick building at 3524 Sixth Ave. in Des Moines. Photo provided by Polk County assessor
Proposed projects to redevelop two buildings in Des Moines’ Highland Park neighborhood would receive more than $2.2 million in financial aid from the city if the City Council today approves terms of preliminary development agreements.
The council is also expected to approve the sale of city-owned land located east of the Des Moines River in an area known as the Market District. ....

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