The Tale of Two Downtown Landmark Buildings
First up, the Des Moines Building at 405 Sixth Avenue, it was reported this week that this building will be for sale soon due to a pending foreclosure.
The story goes that the Chicago investors that that bought the building at the end of 2007 for $3.5 million are now being foreclosed on since not a single mortgage payment was ever made on since last October. This will be on the largest foreclosures to hit downtown Des Moines. It’s a real shame because this 14-story building is architecturally significant building in the downtown core, having been built in 1931 and designed in the art-deco style. I lived across from this building and it’s one of my main views from my bedroom. |
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It was also reported this week that the owners of landmark Equitable Building, Bob Knapp, has had to put another property up for sale in West Des Moines as an attempt to improve his cash flow within several of his other properties, including the Equitable Building.
Knapp purchased the 19-story Equitable Building in 2005 with plans to turn the upper floors into 51 high-end condos. After several set backs and the down turn in the economy that venture has not shaped up to what it was hoped to be. This is another significant building for the downtown core that we would hate to fall into foreclosure. This Neo-Gothic with Medieval Detailing building was for many years the tallest building in Iowa. The 19-story Equitable Building that was built in 1924 was at the time the tallest building west of the Mississippi River. It stayed the tallest building in Iowa until the 25-story Financial Center was completed in 1972. The Equitable Building was named one of the 50 Most Significant Iowa Buildings of the 20th Century by the Iowa chapter of the American Institute of Architects. |
Posted under Living Downtown
Tags: Building Spotlight


















First up, the Des Moines Building at 405 Sixth Avenue, it was reported this week that this building will be for sale soon due to a pending foreclosure.
It was also reported this week that the owners of landmark Equitable Building, Bob Knapp, has had to put another property up for sale in West Des Moines as an attempt to improve his cash flow within several of his other properties, including the Equitable Building.
Principal’s Corporate One building was built in 1939 and designed by Tinsley, McBroom & Higgins Architects. At the time Corporate One was named the 8th wonder of the world for its Art Moderne architecture and state-of-the-art engineering. Unique features include: glass murals that are place over the front, southeast and southwest entrance doors and stone murals for a west entrance to the Corporate One Auditorium.


