DES MOINES – The Des Moines City Council approved a preliminary development agreement Monday that moves along plans to build a new high-rise tower downtown.
The 32-story mixed-use building at 5th and Walnut known as “The Fifth” is being developed by West Des Moines developer Mandelbaum Properties and is estimated to cost $107 million.
The Fifth will feature 200 luxury condominium units, an upscale movie theater, indoor climbing facility, jazz club, daycare, and 20,000 square-feet of office space. The project will also include 568 parking stalls with a portion available for public use.
According to the developer, Justin Mandelbaum, construction of The Fifth will mark the first substantial change to the Des Moines skyline since the EMC tower was built in 1997.
The Fifth is expected to be completed sometime in 2019. Click here for more information from the developer.
