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Hubbell Announces Construction Underway at Court Avenue Lofts

DES MOINES, Iowa (February 28, 2006) – Hubbell Realty Company has announced that construction is well underway at the Court Avenue Lofts located above Spaghetti Works at 308 Court Avenue. A construction kick-off party was held today in conjunction with the Des Moines City Council, the Iowa Finance Authority and the Downtown Community Alliance to announce design features and amenities. The project, a joint venture between Hubbell Realty Company and BH Equities, consists of 51 apartments located on floors two through four and is expected to be complete in December of 2006. Named to the National Register of Historic Places, the Court Avenue Lofts at Spaghetti Works are the first, new housing options available on Court Avenue. Designed by GE Wattier Architecture, Inc., the one and two-bedroom units range from 595 square feet to over 1,000 square feet in size with most units featuring two baths. All units feature open kitchens and living areas, ceilings at least ten feet high, and impressive views of downtown Des Moines. Other amenities include a business and fitness center, leasing office and community room all located on the first floor. Half the units will be income restricted. “The projects at Court Avenue have been a long time coming,” states Rick Tollakson, President and CEO of Hubbell Realty Company. “In order to truly rejuvenate this district, housing and increased entertainment venues are a necessity. The Court Avenue Lofts at Spaghetti Works is the first step in seeing this vision become a reality.” For leasing information on the Court Avenue Lofts at Spaghetti Works, contact Matt Dick or Alisa Koslan at the leasing firm of BH Equities at (515) 953-5090 or visit the web site at www.desmoinesdowntownliving.com.

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