West Des Moines to Vote on Office Park Redevelopment
The plan would create a new tax district to convert the Regency West site into a mixed-use development with 700 housing units.
Updated on Oct. 30, 2026 in Commercial
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The West Des Moines City Council is set to vote on November 2, 2026, on a proposal to create an Urban Renewal Area for the redevelopment of the Regency West office park. The plan aims to revive the site through a mix of residential and commercial space, impacting property tax strategies in the area.
Why it matters
The site currently faces significant valuation drops and low occupancy, and this redevelopment proposal seeks to utilize Tax Increment Financing to attract investment. Establishing this area is a critical step in the city’s effort to restore the site’s tax base and revitalize local infrastructure.
The Regency West office park's assessed valuation has fallen to $16.9 million, down from $52.4 million in 2023. With current occupancy below 30%, the proposed redevelopment seeks to introduce 700 residential units and over 370,000 square feet of commercial space.
The players
West Des Moines City Council
The local governing body responsible for municipal tax policy and zoning approvals that influence housing and commercial development.
Bradford Allen
A commercial real estate investment firm that purchased the Regency West property in 2025.
The details
Bradford Allen purchased the 630,000-square-foot office park in 2025 for $15.5 million. The city council vote on November 2, 2026, aims to move the property into a new Tax Increment Finance (TIF) district, which captures future property tax increases to fund site infrastructure. If approved, the site would be removed from the existing University Avenue Corridor Urban Renewal Area to accommodate the hotel, retail, and residential additions.
Timeline
The City Council will consider establishing the Urban Renewal Area on November 2, 2026.
Bradford Allen acquired the Regency West Office Park site in 2025.
The assessed valuation of the office park reached $52.4 million in 2023.
Money Landscape
This proposal reflects a broader trend of repurposing under-occupied office parks into mixed-use developments to restore lost tax revenue. It follows a standard model of using Tax Increment Financing to stimulate private investment on aging commercial corridors.
Residents should monitor potential shifts in local infrastructure planning and the impact of TIF districts on future tax allocations. Homeowners and local business owners may consult with a financial advisor to understand how large-scale local redevelopment projects can affect area property values.
The takeaway
The city’s decision to move the office park into a new tax district signals a major effort to reverse a multi-year decline in property value. Residents interested in the long-term impact on the local tax base should monitor future city council development agreements.
Further reading
For broader trends in property values and development, visit Commercial.
Source note: This article includes information reported by Business Record.
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Do you support using public tax funds to help developers revitalize older office parks in your area?
