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CEDARBROOKE PLACE IN NORWALK ADDING 60 APARTMENT HOMES

West Des Moines, IA (November 19, 2013) – Hubbell Realty Company broke ground this afternoon on the second phase of Cedarbrooke Place, an affordable, multi-family community located at 2503 Cedar Street in Norwalk, Iowa.

Norwalk Mayor, Doug Pierce; incoming Norwalk Mayor, Tom Phillips; Norwalk Community Development Director, Josh Heggen; Norwalk City Manager, Marketa Oliver; Bankers Trust Vice President and Manager Commercial Real Estate, Jennifer Cooper; and Bankers Trust Assistant Vice President Commercial Real Estate, Becky Fluegge helped Hubbell Realty Company executives, including President and CEO, Rick Tollakson; Senior Vice President, Steve Niebuhr; and Development Vice President, Kris Saddoris, celebrate with the ceremonial turning of the dirt.

The projected $7.5 million expansion will add two buildings comprised of a total of 60 one, two and three bedroom apartment homes to the community. The first phase of Cedarbrooke Place, including 60 apartment homes and the community clubhouse, was completed in winter 2012. The second phase will be completed in fall 2014. Cedarbrooke Place features in-unit washers/dryers, wood laminate flooring, island kitchens, splash pad, business center, fitness center and picnic/grilling areas.

“Hubbell is proud to invest in growing communities like Norwalk,” stated Saddoris. “With the first phase of Cedarbrooke Place 100 percent leased, we are excited to double the size of this successful multi-family community and offer additional affordable apartments in Norwalk.”

Cedarbrooke Place is being built by Hubbell Construction Services and is managed by Hubbell Apartment Living. For more information, call 515.221.6201 or visit www.hubbellapartments.com.

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