Des Moines moves to buy garage, land it offered downtown for The Fifth

Des Moines could shortly very own an 11-tale parking garage — and the undeveloped land close to it — that are element of the embattled challenge The Fifth.

Town Council on Wednesday authorised a order settlement that Metropolis Manager Scott Sanders reported would give Des Moines management of the garage and two vacant tons on Fifth Avenue amongst Walnut Road and Court docket Avenue. That, in transform, would free it to enter into a new partnership for development of the landmark website, he claimed. 

But attorneys for the developers from whom the town is reclaiming the internet site, brothers Justin and Sean Mandelbaum, mentioned in a court docket submitting Thursday that the purchase arrangement addresses only the parking garage, and does not consist of the neighboring parcels.

The motion to clarify the invest in arrangement contends that a foreclosure action and financial loan settlement preceding the sale does not include things like the land, exactly where the Mandelbaums want to make a 40-story lodge and apartment tower and a theater sophisticated, in addition to the garage.