Converge NW – Phase I

Investment Opportunities

404

Projects

Hubbell Blog

Converge NW - Phase I

350 NW 6th Street

Waukee, IA 50263

Services Offered

Architect

Unit Mix

Capital Stack

Converge NW is a 213-unit, Class A multifamily project in Waukee, Iowa, the fastest growing suburban market in the Des Moines metropolitan area. The 15.00-acre site is conveniently located just north of Hickman Road – one of the main thoroughfares in the western suburbs – and less than a 10-minute drive from Interstate 80. Robust economic development activity is happening in the area, headlined by the new $132 million Waukee Towne Center commercial district anchored by Target, $117 million NW High School, and Triumph Park. All this momentum bolsters an already highly coveted neighborhood and will expedite the rapid growth in the market. Converge NW residents have access to a clubhouse, pool, fitness center, dog park, and sport courts. Easy trail accessibility provides residents with walkability and biking right outside their door.

Historical Returns Summary

10-Year Sale Return Summary

10-Year IRR

Equity Multiple

Cash-On-Cash
(7-Year Stabilized Avg.)

4-Year Sale Return Summary

4-Year IRR

Equity Multiple

Amenities

Rooftop Patio

Fitness Center

Shared Break / Vending Area

Shared Conference Rooms

Central Atrium Collaboration Space

Our Gallery

Related Work

The following examples highlight Hubbell Realty’s development projects in the Greater Des Moines metro area.

Waukee, IA 50263

Centennial Crossing

Des Moines, IA 50309

Velocity

Des Moines, IA 50309

LEVEL at Bridge District