West Des Moines to Vote on Regency West Redevelopment
The city council will consider establishing an Urban Renewal Area for the office park on November 2, 2026.
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 the creation of an Urban Renewal Area to facilitate the redevelopment of the Regency West Office Park. The proposal follows a 2025 acquisition by Bradford Allen, which currently holds the site at less than 30% occupancy.
Why it matters
Establishing the new Tax Increment Finance District is intended to support necessary infrastructure improvements for the site. This move aims to stimulate private investment and bolster the local tax base after a significant decline in the property's assessed value.
The 630,000-square-foot site currently holds a valuation of $16.9 million after being purchased for $15.5 million in 2025. The redevelopment plan calls for 80,000 square feet of retail, 290,000 square feet of office space, 700 residential units, and a 120-room hotel.
The players
West Des Moines City Council
The local governing body responsible for legislative decisions, zoning approvals, and fiscal policy within the city.
Bradford Allen
A real estate firm that purchased the Regency West Office Park in 2025 and is managing the redevelopment initiative.
Iowa Economic Development Authority
The state agency that promotes economic growth and will be petitioned for financial support regarding the project.
The details
The city council plans to remove the location from the existing University Avenue Corridor Urban Renewal Area to create the new district. Developers will also seek additional financial assistance from the Iowa Economic Development Authority to move the project forward.
Timeline
The office park was acquired by Bradford Allen in 2025.
The site held an assessed valuation of $52.4 million in 2023.
The City Council considers the Urban Renewal Area proposal on November 2, 2026.
Culture Shift
This project reflects a broader trend of repurposing struggling office parks into mixed-use environments to adapt to current economic realities. The redevelopment follows the established Tax Increment Financing mechanism, marking a departure from traditional commercial-only office usage.
Residents may see significant changes to the Regency West area if the redevelopment proceeds as planned with new retail and residential additions. This shift could alter local traffic patterns and increase the availability of housing and commercial options within the city.
The takeaway
The transformation of the Regency West Office Park underscores how cities are actively working to reclaim the tax base from aging commercial sites. Property stakeholders and residents should monitor future council meetings to see how the approved retail and residential mix impacts the neighborhood.
What happens next
The project requires a future development agreement, which must be submitted to the city council for final approval after the potential establishment of the Urban Renewal Area.
Further reading
Learn more about local business growth and development in the West Des Moines Commercial section.
Source note: This article includes information reported by Business Record.
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