Line Seven (Phase I) is a 135-unit multifamily development and the first phase of a larger 225-unit community in Urbandale, Iowa. Straddling three rapidly growing suburban municipalities and within the highly regarded Waukee Community School District, Line Seven will deliver a multifamily housing solution to a region primarily populated by single-family homes. Close proximity to the I-80/35 interchange (2.5 miles) ensures seamless access to the Des Moines metro and major employment hubs. The project has received substantial public support, including a $775,000 economic development grant from the City of Urbandale.
property
Line Seven – Phase I
address
SW Corner of Waterford Road & 142nd Street
city, state
Urbandale, IA
county
Dallas County
product type
Multifamily
construction type
Wood Frame
site size
9.33 acres
construction start
Q2 2026
completion
Q3 2027
developer
Hubbell Development, LLC
general contractor
Hubbell Construction Services
management
Indigo Living
Cash-on-Cash (6-Year Stabilized Avg.)
IRR (10-Year Hold Period)
Equity Multiple with Sale Year 10
IRR (5-Year Hold Period)
Equity Multiple with Sale Year 5
Northwest of Interstate 35
property
Line Seven – Phase I
address
SW Corner of Waterford Road & 142nd Street
city, state
Urbandale, IA
county
Dallas County
product type
Multifamily
construction type
Wood Frame
units
135
Residential NRA
108,750 SF
average unit size
806 SF
site size
9.33 acres
no. of stories
3
parking
construction start
Q2 2026
completion
Q3 2027
developer
Hubbell Development, LLC
general contractor
Hubbell Construction Services
management
Indigo Living
Northwest of Downtown Des Moines
North of Jordan Creek Town Center
West of Highway 141
Cash-on-Cash (6-Year Stabilized Avg.)
IRR (10-Year Hold Period)
Equity Multiple with Sale Year 10
IRR (5-Year Hold Period)
Equity Multiple with Sale Year 5
Northwest of Interstate 35
The City of Urbandale is actively implementing a long-term Downtown Master Plan aimed at transforming the Douglas Avenue corridor into a vibrant, walkable district. The plan includes over $40 million in infrastructure improvements, enhanced streetscapes, and new public spaces. The initiative encourages mixed-use development, combining residential, retail, and office uses to foster a dynamic urban environment. With flexible zoning and strategic incentives, Urbandale is positioning its downtown as a hub for community engagement and economic growth – creating new opportunities for residents, businesses, and investors.
Total Health Experience, a transformative $250 million medical campus, is currently under construction in Urbandale, with completion of the first building anticipated in 2027. Spanning 25 acres, the campus will feature nine state-of-the-art medical buildings offering a comprehensive range of services. Located just four miles west of the Line Seven site, this major health care development is expected to generate significant employment and drive demand for nearby housing, positioning Line Seven to benefit from increased workforce and community activity in the area.
Line Seven sits just six minutes west of Urbandale’s Urban Loop, a thriving commercial corridor centered around the I-35/80 interchange. Also known as the Des Moines Home Improvement Corridor, the Loop combines retail strength with employment density, making it a magnet for renters. Recent infrastructure investments – including new interchanges and the Highway 141 flyover – have made it one of the most accessible and development-ready areas in the metro. Its strategic location and strong job base continue to attract both businesses and residents, making it a key driver of regional growth.
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