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The Fifth s parking garage to open Thursday - Business Record
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The Fifth parking garage opens Thursday in downtown Des Moines
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The Fifth s garage will open soon next to two empty lots. The site s future is unclear. Kim Norvell, Des Moines Register
As The Fifth s parking garage prepares to open downtown, what happens next? UP NEXT
Later this month, visitors and workers in downtown Des Moines will be able to park in a brand new, 11-story parking garage designed to serve a 40-story tower that may never get built.
Des Moines is in the process of closing on the sale of the 751-stall garage, intended to be part of a landmark project, The Fifth, a residential and hotel skyscraper and movie theater complex whose future is now in question after the developer was declared in default.
The Fifth s parking garage to open soon; rest of site s fate unclear
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Judge: City can buy downtown Des Moines parking garage Thursday, January 21, 2021 11:20 AM The city of Des Moines can purchase a beleaguered downtown parking garage located at Walnut Street and Fifth Avenue, a Polk County District Court judge has ruled.
The structure has been at the center of two court proceedings: a foreclosure petition and a claim by the parking garage’s original developers that the city reneged on its development agreement with them.
Earlier this month, the city offered to buy the 751-space garage for about $40.6 million. The purchase price is dependent on the final tabulation of interest and fees.