Carbon 550

550 Watson Powell Jr. Way, Des Moines, IA

Built on an in-fill lot, Carbon 550 brings some of the most unique designs and floor plans to the Des Moines market. Located next door to the brand new Wellmark YMCA, Carbon 550 is in a prime downtown location with a feature package filled with unique countertops and design elements; topped with a community arcade. 

Services Offered

  • Development
  • General Contracting

Amenities

  • Large Second-Story Courtyard
  • Enclosed Heated Parking
  • Package Concierge

Apartment Specs

  • One-Bedroom (550-929 SF)
  • Two-Bedroom (935-1,124 SF)

Capital Stack

  • Private Equity
  • Bank Debt
  • Workforce Housing Tax Credit
  • Economic Development Grant

  • Multifamily
  • 50 Apartments
  • $10.6 Million
  • Projected Completion March 2019