Construction on various preliminary parts of the project areunderway, and 152 single-family homes have already been built, saysa DRA spokeswoman. The site, at the intersection of highways 35 and80, has come a long way since it was a World War II ordinanceplant, and then a experimental dairy farm owned by Iowa StateUniversity. DRA partnered with the city in July 2005 to createPrairie Trail, buying the land for $23.6 million, and agreeing topay another $25 million for infrastructure for the largeproject.

The project, especially the Town Center area, is being developedas a walkable community, a new urbanism development, with variousforms of residential, first-floor retail/residential and publicbuildings all nearby and connected by parks and bicycle paths inthe center of the site. "There will be a lot of walk-up, storefrontretail, with national, regional and local retailers mixed togetheraround a town square," says Dick Ward, SVP of acquisitions andinvestments for Capital Growth.

The Plaza will be at the southern entrance to the site, and willbe anchored by a Hy-Vee grocery store, Ward tells"There will also be some freestanding stores, as well as a stripcenter to compliment the grocery store."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.