14Forty

1440 Locust Street, Des Moines, IA

One of the first major historic rehabs completed in the Western Gateway neighborhood of downtown Des Moines was 14Forty. The project boasts 37 loft apartments on the two upper levels, with 3,667 SF of commercial space and parking at street level.

Services Offered

  • Development
  • General Contracting
Project Size
  • 37 Apartment Units
  • 3,667 SF Commercial Space
Amenities
  • 24-Hour Fitness Center
  • Rooftop Patio
  • Cinema Room
  • Business Center
Apartment Specs
  • One Bedroom (526-820 SF)
  • Two-Bedroom (919-1,057 SF)
Capital Stack
  • Federal Historic Tax Credit
  • State Historic Tax Credit
  • Enterprise Zone Tax Credit
  • Brownfield Tax Credit

  • Multifamily, Historic Rehab
  • 37 Apartments
  • $7.8 Million
  • April 2014