Downtown VUE Offering Closed: $3.25MM Raised
We’re pleased to announce that we closed fundraising for the Downtown VUE, LLC, raising $3,250,000 from investors across the Midwest.
Downtown VUE, LLC will feature 111 new apartments in the northern gateway of downtown Des Moines, IA. The buildings’ exterior features an edgy urban design that is walkable to area campuses. The sleek, stylish interior finishes will appeal to prospective downtown residents. The project will include one-, two- and three-bedroom units, which are larger than typically
found downtown to accommodate roommate situations. VUE’s location is well-placed among some of Des Moines’ most prominent employers and their campuses. To the northeast are
Mercy Medical Hospital & College and the Des Moines Area Community College downtown campus. Immediately to the south is the world headquarters of Principal Financial, currently undergoing a nearly $300 million renovation. The site is also near the riverfront, Wells Fargo Arena, Convention Hall & Hotel, and more.
VUE is the third project that Ernst Capital has partnered with Hubbell Realty Company, a leading developer and property management firm based in West Des Moines, IA.