Regency West Office Park Redevelopment to Go to Vote
The city council vote on November 2 could transform the underutilized office site into 700 homes and new retail space.
Updated on Oct. 30, 2026 in Commercial
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The West Des Moines City Council is set to vote on a new Urban Renewal Area for the Regency West office park on November 2, 2026. The move aims to facilitate a massive redevelopment of the 630,000-square-foot site, which is currently less than 30% occupied.
Why it matters
The proposed redevelopment seeks to revitalize a property that has seen its assessed valuation drop from $52.4 million in 2023 to $16.9 million today. By establishing a Tax Increment Finance District, the city hopes to stimulate private investment and boost the local tax base.
The plan includes 700 new residential units, 80,000 square feet of retail space, and a 120-room hotel. The site, purchased by Bradford Allen for $15.5 million in 2025, will be removed from the existing University Avenue Corridor Urban Renewal Area if the council approves the change.
The players
West Des Moines City Council
The local governing body responsible for municipal zoning, land-use planning, and the approval of urban renewal tax incentives.
Bradford Allen
A real estate investment firm that purchased the Regency West office complex in 2025 and is spearheading the redevelopment project.
Iowa Economic Development Authority
The state agency responsible for overseeing economic growth programs and financial incentives for large-scale development projects.
The details
The redevelopment proposal centers on transforming the underutilized Regency West office park into a mixed-use community. By establishing a new Tax Increment Finance (TIF) district, the city intends to capture incremental property tax growth to fund necessary infrastructure improvements on the property. Future phases will require a separate development agreement and potential assistance from the Iowa Economic Development Authority.
Timeline
The assessed valuation of the office park was $52.4 million in 2023.
Bradford Allen acquired the site in 2025.
The City Council considers the Urban Renewal Area proposal on November 2, 2026.
The Home Front
This project reflects a broader trend of repurposing aging office parks into mixed-use neighborhoods to address shifting commercial property demand. It highlights the role of municipal tax policy in shaping local property values and the long-term density of suburban housing markets.
Homeowners in the vicinity should track the council's vote to understand how the addition of 700 residential units and new retail space may affect local traffic patterns and school enrollment projections. Long-term, residents may see an impact on property tax trends as the site's valuation shifts from its current low point.
The takeaway
Large-scale redevelopment plans often rely on municipal tax tools to bridge the funding gap for necessary infrastructure. Residents should monitor future public hearing dates if they wish to weigh in on how this transition will change neighborhood density and traffic flow.
Further reading
Learn more about local land-use updates in the Commercial section.
Source note: This article includes information reported by Business Record.
Live Poll
Do you support using public tax funds to help developers revitalize older office parks in your area?
