The Mid-Iowa Council of the Boy Scouts of America was in need of an expanded office and scout center when
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date: 07 Nov 2018
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client: Federal Home Loan Bank Building
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value: $25,068,987.43
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location: Des Moines, IA
Federal Home Loan Bank Building
Federal Home Loan Bank purchased the 909 Locust property in 2017 and partnered with Pennacle Construction to perform the large renovation project. This project has a quick turn-around time based on the Federal Home Loan Bank’s need for new office space at this location. The building is comprised of 6 floors, with approximately 34,500 SF on floor 1 & 2, and 36,000 SF on floors 3 through 6. Federal Home Loan Bank will be renovating approximately 50% of the 4th floor and the entirety of floors 5 and 6. In addition to renovation of the Federal Home Loan Bank’s own office space on floors 4-6, there will also be a complete renovation of 1st floor, as well as exterior site improvements.
Pennacle Construction was the original builder and has done all maintenance/remodel work since the building opened in 1997. Pennacle has also performed all the tenant improvement work that has taken place within the building since its purchase by Federal Home Loan Bank.