The Fifth (Des Moines)
| The Fifth | |
|---|---|
 | |
| General information | |
| Status | Under Review |
| Type | Skyscraper |
| Location | 201 5th Avenue Des Moines, Iowa, United States |
| Coordinates | 41°35′07″N 93°37′23″W / 41.5852°N 93.6231°W |
| Construction started | 2021 |
| Completed | Late 2024, if completed |
| Opening | 2024 |
| Cost | $180 Million |
| Height | |
| Antenna spire | TBD |
| Roof | 466 feet |
| Top floor | 40 |
| Technical details | |
| Floor count | 40 |
| Floor area | TBD |
| Lifts/elevators | Likely 6 |
| Design and construction | |
| Architect(s) | Solomon Cordwell Buenz |
| Developer | Mandelbaum Properties |
| Other information | |
| Public transit access |  DART |
The Fifth is a skyscraper under construction in Des Moines, Iowa.[1] Developed by Mandelbaum Properties,[2][3] upon completion in 2022,[2] it will be the second tallest building in Iowa.[4] The building will consist of a movie theater, hotel, parking garage, retail, and residential space. Construction started in late 2018 and was expected to finish at the end of 2022.[needs update] The project will likely be cancelled unless taken up by a new developer.
History
[edit]The building is located on Fifth Avenue between Court Avenue and Walnut Street in downtown Des Moines,[5] and will be Iowa's second tallest skyscraper when completed. The building is being constructed in three phases. Phase one is a 12 story parking garage which is currently under construction. Phases two and three are the tower and theater.[4]
In April 2016, the Des Moines City Council approved a preliminary development agreement to allow the 32 story tower to be constructed for a cost of around $107 million. At that point, the plan was to include 200 luxury condos, a movie theater, climbing facility, jazz club, daycare, and office space. The climbing facility, jazz club and daycare facility have since been removed from the project. A hotel was later added.[6][7]
A vote to begin construction occurred in September 2018. The developers had until October 2019 to start construction, and had to finish by September 2021.[8]
The building's estimated completion date was delayed in March 2019. The delays were apparently caused by a growth in scope of the project, resulting in final permitting and design approvals. The tower grew in height to 39 stories at first with an estimated cost of $170 million. Most recent plans have the cost at an estimated to be $180 million after a 40th floor was added and will include a boutique hotel managed by 21c Hotels. They are an art based hotel chain that has a rotating art gallery open to the public 24/7/365. The tower building is supposed to take three years to finish, and the theater two years. Alamo theaters of Omaha, NE, are locked into an agreement with the developer to manage the theater. Alamo Theaters are a dine-in movie theater. The overall construction project will include ground floor retail in the parking garage and a restaurant on the first floor of the theater.
The buildings future is now in jeopardy.[9] The project will likely never be completed unless taken up by another developer as the property is currently owned by the city of Des Moines.
See also
[edit]References
[edit]- ^ Norvell, Kim (September 7, 2018). "Will construction on Des Moines' skyscraper The Fifth start this month?". www.desmoinesregister.com. Des Moines Register. Retrieved March 19, 2019.
- ^ a b Norvell, Kim (March 19, 2018). "Construction on downtown Des Moines skyscraper 'The Fifth' delayed". The Des Moines Register. Retrieved March 19, 2019.
- ^ Johnson, Patt (May 8, 2018). "Des Moines high-rise project adds boutique hotel, art museum". www.desmoinesregister.com. Des Moines Register. Retrieved March 19, 2019.
- ^ a b "IOWA'S 3RD TALLEST BUILDING TO START CONSTRUCTION NEXT YEAR". KHAK. Retrieved March 21, 2019.
- ^ Hardy, Kevin. "People to Watch: Meet the Iowan trying to make Des Moines as culturally hip as Austin, Portland or Nashville". www.desmoinesregister.com. Des Moines Register. Retrieved March 21, 2019.
- ^ Casey, Lucas (April 26, 2016). "Plans for new high-rise building in downtown Des Moines move forward". www.weareiowa.com. We Are Iowa. Retrieved March 21, 2019.
- ^ Magel, Todd (May 8, 2018). "Iconic Des Moines skyline to add 40-story upgrade". www.kcci.com. KCCI. Retrieved March 21, 2019.
- ^ Gothner, Chris (September 10, 2018). "City Council vote brings 40-story building one step closer to reality". www.kcci.com. KCCI. Retrieved March 21, 2019.
- ^ "Developers of downtown's skyscraper the Fifth default on loan; future uncertain". The Des Moines Register.