Airport Business Park
The City of Des Moines has three privately-developed business parks near the Des Moines International Airport-Airport Commerce Park South, Airport Business Park and Airport Commerce Park West. The City, through the use of Tax Increment Financing, has supported the development of these high-quality business parks.
Quality Park Environment:
* Planned Business Park Zoning: Allowed uses include office, commercial, warehouse and light manufacturing.
* Open Space: All development must include minimum amount of open space and screening.
* Design guidelines: All three parks have established minimum development requirements. High quality development protects future values.
Close proximity to the Des Moines International Airport, a hub for UPS Air Freight.
All three parks are less than 10 miles from Interstate 35/80 offering easy access to Chicago, Kansas City, Minneapolis and Omaha.
Only minutes from Downtown Des Moines.
Businesses who locate in any one of the three parks will qualify for a full 3-year tax abatement program.
Recent freeway construction and airport expansion has increased land values and the trend is expected to continue.
Airport Commerce Park West Map
Southeast Economic Development District Urban Renewal Area
The District contains approximately 913 acres, and is located at the southeast entrance to the City of Des Moines, at the junction of Army Post Road and SE 14th Street. SE 14th Street is one of the City's primary transportation corridors, carrying over 30,000 vehicles per day. The prominent location provides opportunities for high visibility, making it an optimum area for commercial businesses. The location has helped the area serve as a regional retail and recreation center for decades, but increased regional retail competition and aging of buildings and amenities have contributed to decreased occupancies, lower valuation and difficulty attracting new tenants and patrons. Encouraging new private development in the area, and providing strategic use of public economic development tools is anticipated to create new investment, providing resources to assist with needed revitalization. The City of Des Moines believes that the designation of the District as an urban renewal area and the adoption and implementation of this Plan has the potential to strengthen and revitalize the local economy.
This area contains a variety of elements, including a regional shopping mall, numerous retail and commercial businesses, recreational and cultural features such as the Blank Park Zoo, which functions as the only AZA accredited zoo in the State of Iowa, the National Historic Landmark Fort Des Moines, Museum, Parade Grounds and buildings; which date back to 1903, Fort Des Moines County Park, Blank Park Golf Course, and an elementary school and middle school facility owned by the Des Moines Public School District. For decades, these businesses and features have provided service and benefit for the City of Des Moines, the Greater Des Moines Region and the State of Iowa. The southeast Des Moines area has served as a regional retail center, containing over 2 million total square feet of retail space.
Agrimergent Technology Park
The purpose of the Agrimergent Technology Park is to create a business park for agribusinesses and related industries that enhances and supports inter-industry linkages. Through collaboration, businesses will enhance their profitability and the community will build its property tax base, increase the use of existing dense infrastructure and significantly improve its quality of life.
Approximately 1,100 Acres (View Conceptual Plan)
Southeast Des Moines
Discovery, development/prototyping and production.
Agribusinesses and related companies that fit the Park image and development strategy, coincide with regional cluster strengths and weaknesses, fit with regional development goals and offer long-term growth potential.
The Park will provide an excellent return on public and private investment. The current assessed value of the area is only $12.7 million. It is estimated that new development will create approximately $420.4 million in additional tax base at buildout, which will generate $16.9 million annually to be reinvested into the community. Land sales proceeds will yield about $32 million. Approximately 6,500 jobs will be created. Other benefits will include the potential to obtain substantial water and sewer revenue. Increased business competitiveness will result from developing this specialized niche for agribusinesses and related industries. It will also create a positive national identity for Des Moines and Iowa, which may attract further investment. In addition, the community's long-term quality of life will be enhanced.
Anchor and related businesses continue to invest in the Park. Innovative partnerships will be developed to manage and market the development, provide value-added business services and create more advantages for investors. Agribusinesses and related industries will grow within an environment dedicated to nurturing emergent ideas and realizing their global benefits.
Central Place Industrial Park
The Central Place industrial Park Plan provides design criteria which assure a uniform level of improvements in order to maintain an attractive, light industrial/commercial business park environment.
Active Business Association:
The Central Place Industrial Park Business Association promotes business development and facilitates business networking among area companies. The Association also promotes the betterment and growth of the area and continuously works for the best interests of the businesses within the Park.
Insurance, Police and Fire Protection:
Central Place has a fire classification 3 rating, resulting in the most favorable insurance rates in the metropolitan area. The City of Des Moines has outstanding full-time police and fire departments to provide continuous protection.
Central Location in Des Moines:
* Within 1 mile of Downtown Des Moines
* Within 7 miles (10 minutes) of the Des Moines International Airport.
* Adjacent to the Main Branch of the Federal Post Office.
Accessible to Interstate Highways
* Being ½ mile from Interstate 235 puts Central Place within minutes of any business market in the Metro-Des Moines area.
* Access to both I-35 and I-80 from I-235 opens Central Place businesses to markets across Iowa and throughout the Midwest.
Ease of Development
* Fully assembled and cleared sites are available for redevelopment.
Utilities and Infrastructure:
* Utility systems designed for industrial capacities are available to all sites.
* Streets are constructed to industrial specifications.
* Variety of parcel sizes are available to meet specific development needs.
* Opportunity for future expansion can be provided.
* Entire industrial park is zoned M-1 which allows a variety of compatible light industrial and commercial uses.
Reasonably Priced Land: Land assembled by the City of Des Moines is made available for development at reasonable market prices.
Tax Abatement: Most favorable tax abatement program in the metropolitan area. Choose from two schedules: a) 100% abatement on improvements for 3 years; or b) a declining percentage abatement over 10 years.
Variety of Financial Assistance Programs: Des Moines has several programs which can assist development with long-term, fixed asset financing at below market rates. The City also provides working capital loans and can assist businesses with State and Federal Business assistance programs.
Guthrie Avenue Business Park
The 135-acre Guthrie Avenue Business Park (View Map) provides a quality environment for your business by assuring:
• Variety of parcel sizes (1.5 acres to 33 acre sites) with room for future expansion.
• Generous uniform setbacks.
• Landscaped grounds.
• Durable, good quality building construction.
• One and two story buildings.
• Ample off-street parking and loading.
• Fully-services sites with industrial capacity utilities and industrial specification streets.
Exceptional Investment Advantages
• Unique opportunity to construct buildings for user-owner and for lease.
• Consistent design standards to protect investment.
• Flexibility to meet existing and future space requirements.
• M-1 zoning to allow only compatible commercial and light industrial uses.
Development Financing Opportunities
• Land assembled by the City of Des Moines and offered at a reasonable price.
• City assistance in accessing
• Long-term fixed asset financing with flexible terms and interest rates; and
• Short-term working capital financing with flexible terms and interest rates.
• Most favorable property tax abatement rates in the metropolitan area. Select 100% abatement on improvements for
three years or a declining percentage abatement for 10 years.
• Best insurance rates in the metropolitan area due to outstanding full-time police and fire departments.
The Guthrie Avenue Business Park is located ½ mile from I-235 which connects to I-80 and I-35. The Guthrie Avenue Business Park offers:
• 5 minute drive time (3 miles) to downtown Des Moines.
• 15 minute (9 miles) to Des Moines International Airport.
• Adjacent rail service.
• Proximity to quality commercial office and light industrial support services such as UPS and Consolidated Freightways.
Northeast Economic Development District Urban Renewal Plan
The proposed land use plan for the District show the land along the NE section of the Plan area as Planned Business Park. This designation covers the land from its northernmost point, along Iowa Highway 65, south to approximately Aurora Avenue. Future development adjoining existing residential uses shall be respectful of these existing uses, and efforts shall be made to buffer potential impacts. Along the Hubbell Avenue Corridor the proposed land uses include commercial, industrial and high density residential. In conjunction with this urban renewal plan, additional planning activities will be under taken to refine the projected land uses for this area. Amendments to the 2020 Community Character Plan are anticipated in conjunction with the adoption of the Plan.
The District's proximity to Interstate 80, High 65 and Hubbell Avenue provide high visibility and traffic counts that are conducive to economic development activity. Long range transportation plans prepared by the Des Moines Area Metropolitan planning Organization call for a northeast extension of Highway 65, and an emphasis on balancing growth to the east and north of the Des Moines metro area. Development of businesses and services in the District are in accordance with this planning vision. The vacant parcels along Hubbell Avenue offer opportunities for assembly and redevelopment, and the large tracts of land along the west side of Highway 65 offer opportunities for new business location. the City of Des Moines as well as the Hubbell Avenue are businesses and residents can benefit from the proximity of these key transportation corridors to attract new economic investment. For all these reasons the District is eligible for designation as an urban renewal economic development area appropriate for commercial and light industrial enterprises.
The Western Gateway consists of the five-block area located between Grand Avenue and Locust Street from 10th to 15th Streets. The Meredith Corporation office campus and ING/Equitable of Iowa corporate office building serve as anchors (or "bookends") on the west and east ends of the project site. Land on either side of the Western Gateway will be prime development sites which will be able to accommodate buildings of 250,000 square feet or larger.
The purpose of the Western Gateway is two-fold. First, the project is intended to serve as a catalyst for major new development to create a natural extension of the downtown core. Second, the project will provide a highly attractive public amenity to serve as a memorable entry into the downtown and attraction for the entire community.
The Western Gateway component, as conceived by the Gateway Steering Committee, is a combination of well-developed open spaces, streetscape improvements, public attractions and compatible development such as specialty retail, restaurants, hotel and other appropriate commercial uses.
The Eastern Gateway is bounded by East 14th Street on the east, by the Des Moines River on the west, by I-235 on the north and by the railroad tracks south of Court Avenue on the south.
The purpose of the Eastern Gateway is to create a mixed-use neighborhood with residential, commercial and cultural vitality. The area was once the bustling downtown and social center of the east-side of Des Moines. Through planned integration of varied uses, the Eastern Gateway will support and compliment the office mass of the State Office Complex and the central business district.
The 300-acre Riverpoint West area is located directly south of the Central Business District, north of Gray's Lake, and east of Water Works Park. It is bounded by the new Martin Luther King, Jr. Parkway (currently Market Street) to the north, SW 9th Street to the east, and the Raccoon River to the south and west.
The Riverpoint West project involves an exciting opportunity to develop a vibrant, mixed-use urban village with approximately 1,000 residential units, 850,000 square feet of low-rise office and retail space, and environmental and recreational enhancements. By creating interdependency with the Central Business District, Riverpoint West can enhance the success of downtown redevelopment initiatives by meeting its need for new workers and consumers, providing parking, and offering support services.
The Riverpoint West project is expected to create 1,000 jobs and increase the tax base twelve-fold from approximately $12 million to more than $140 million. The project will contribute to the long-term economic viability of the downtown core and serve as a national model of effective public/private cooperation.
Attentive Project Management
An Economic Development Coordinator from the City's Office of Economic Development is available to provide support and assistance during every phase of development. The Economic Development Coordinator provides a centralized point of contact for the businessperson or developer seeking assistance with development questions. Assistance to Guthrie Avenue businesses does not end when the development is completed, however. The Economic Development Coordinator is never more than a phone call away to provide conscientious assistance in any way possible.
To explore the opportunities available in the City of Des Moines, please contact the Office of Economic Development at 515-283-4004 or firstname.lastname@example.org.