$35 million, 174-unit apartment project underway in Waukee


Site work is underway at Waukee on West Light, a 174-unit apartment project on a nearly 8-acre parcel north of Hickman Road and east of Northeast Alice’s Road. Caliber Iowa LLC is the developer of the project. Architectural rendering by JCorp. PICTURE BELOW: The aerial photo below of the work on the site looks north from Hickman Road. Special photo in the Company File

Site work is underway in Waukee on a four-story, 174-unit apartment project that will include a rooftop pool and climate-controlled underground parking.

“This is a high-impact project for Waukee,” said Nick Jensen, owner of Iowa caliber, a residential development, construction and property management company in central Iowa. “There is no other building like this now.”

The estimated $35 million project, called West Light, is similar to The standard, a recently completed Caliber Iowa 184-unit apartment project in Ankeny. The mostly brick and glass building at 3611 NE Otterview Circle features penthouses with floor-to-ceiling windows.

Caliber Iowa, JCorp. and MJ Properties have standard offices. Caliber Iowa will also have offices in West Light, Jensen said.

Caliber Iowa also has plans for a third similar project, called the Loop, to be built in Urbandale, Jensen said. Land for the project, located along Plum Drive next to Home Depot, has been rezoned and construction is expected to begin in the spring, he said.

Apartment projects provide choices for tenants, Jensen said. Tenants “don’t always want to be in an apartment complex spread across many different buildings. These buildings almost have the feel of a condominium due to their high-end finishes and large windows. »

The 42,598-square-foot West Light building will feature seven bachelor apartments, 133 one-bedroom units and 34 two-bedroom units, according to information provided to the Waukee City Council and the city’s planning and zoning commission.

Monthly rental rates will range from $1,100 for efficiency to around $2,000 for a two-bedroom unit, Jensen said.

Jensen said he expects West Light to attract a variety of tenants, from young professionals to retirees.

Amenities in addition to underground parking and pool and patio include pickleball courts.

The preliminary and final plans and site plan for the project were approved by the Waukee City Council and Planning and Zoning Commission last summer.

Caliber Iowa owns and operates over 2,000 apartments/units in its portfolio, most of which are located in Ankeny, Des Moines, West Des Moines and Waukee. The group also owns land in those communities that would support the development of an additional 1,000 units, Jensen said.

Rising interest rates and rising material and labor costs will slow the pace of development in the coming months, Jensen said. But, he added, “I believe the best locations will succeed, and we are committed to buying land and building projects in the best locations.”

Jensen said the subcontractors Caliber Iowa works with have done a good job of making sure workers are available to complete every part of a project.

“When we were working on the standard, costs were increasing and employee availability was difficult, but we got there,” Jensen said. “It was a team effort.”

Where does the name “West Light” come from?

The West Light project is located on the Waukee border with Clive. “The property is a gateway to Waukee going west,” said Nick Jensen, owner of Caliber Iowa LLC. At night, Calibre’s Standard on the 36th draft in Ankeny is illuminated and can be seen a mile or more away. “The lighting element is something I’m very proud of in this building, and [West Light] will also have pronounced lighting. The Caliber Iowa team brought the two concepts together to create West Light, Jensen said.

Source link