New Loft-Style Homes. In Downtown Des Moines Most Exciting New Neighborhood

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1 New Loft-Style Homes In Downtown Des Moines Most Exciting New Neighborhood For more information, please call: 2nd Ave. South of Court Ave., Des Moines, IA

2 INTRODUCTION AND FACTS Located in downtown Des Moines emerging entertainment district, City Lofts is a pioneer in urban development in Des Moines. Designed by urban development specialists with extensive experience in the Midwest, including the successful Waterstreet Brownstones next door. These stylish urban homes are at the forefront of a new era in Downtown living. City Lofts will feature approximately 80 one and two-level homes in four new buildings surrounding a landscaped courtyard. Street front entries, attractive landscaping, and a vibrant new street scape will bring this new neighborhood to life. City Lofts contemporary exterior will complement its current surroundings while introducing a new aesthetic to downtown Des Moines loft living. COMPLETION DATE PRICE RANGE HOME SIZES LOCATION NEIGHBORHOOD LOCATION FEATURES City Lofts is the latest development by Lander Sherman Urban Development, known for its high-quality new urban neighborhoods. City Lofts will offer two interior finish options - a more traditional layout offering defined living spaces and the contemporary plan which offers more flexible living space options and authentic loft features like concrete floors and exposed spiral duct work. mid-2006 $129,000-$289, ,680 square feet City Lofts is located directly west of Waterstreet Brownstones - bordered by 2nd Avenue on the east, 3rd Street on the west, and the new Vine Street on the south. City Lofts is the second phase of development in the Court District neighborhood by Lander Sherman Urban Development, preceded by Waterstreet Brownstones and Vine Street Lofts. This new urban village is surrounded by activity - and is headed for the center of attention with the new River Walk just blocks away and the many new restaurant and entertainment venues flocking to the area. Adjacent to downtown Des Moines business district Within walking distance of some of the area s best new restaurants and entertainment Close to the new River Walk, regional bike trails and urban green areas Easy access to freeways and bus routes Two blocks from the metro area s largest YMCA Within walking distance of shopping, baseball, the Farmer s Market, the Capitol, and more CITY LOFTS FEATURES Traditional and contemporary floor plan and interior finish options 10- to 20-foot ceilings Oversized windows Designer kitchen cabinets Contemporary bathrooms Heated underground secured parking Private balconies and porches per plan

3 PRELIMINARY PRICING SQUARE FOOTAGE PRICE AVAILABILITY First Floor Front/South 950 $169,000 Front/North 950 $159,000 Middle/South 750 $139,000 Middle/North 750 $119,000 Back/South 950 $174,000 Back/North 950 $159,000 Second Floor Front/South 950 $179,000 Front/North 950 $169,000 Middle/South 750 $149,000 Middle/North 750 $129,000 Back/South 950 $179,000 Back/North 950 $169,000 Third Floor Front/South 1450 $269,000 Front/North 1450 $279,000 Middle/South 1250 $239,000 Middle/North 1250 $249,000 Back/South 1450 $269,000 Back/North 1450 $289,000

4 LANDER SHERMAN OVERVIEW City Lofts is being developed by Lander Sherman Urban Development. Led by Michael Lander of The Lander Group and George Sherman of Sherman Associates, the company brings together more than 50 years of experience in developing award-winning urban projects in the Twin Cities and Des Moines. Its hands-on approach ensures high quality execution from start to finish. Lander Sherman incorporates time-tested principles of urban planning into each development and is known for high-quality architecture and developments that reflect the unique character of the neighborhoods in which they are located. Creating great places where people live, work, and play means including adequate green space, street-level activity, a range of housing types including ownership and rental, and mixed-use buildings, including commercial/retail and residential. COMPANY STRENGTHS Lander Sherman s extensive experience, long-term focus, and company philosophy put the company in a unique position among its competitors. Lander Sherman s strengths include: Sound mitigation measures taken in floors, ceilings, and demising walls for sound reduction Efficiency of square footage using space effectively for maximum impact and utility Understanding of parking issues for both residents and communities providing adequate, safe parking with minimum impact on street-level activity Building accessible, high-quality public space into each development including landscaped courtyards, parks, and community rooftop decks Identifying neighborhoods with key amenities for residents Providing a high level of quality in the main product many upgrades are included in the base sales price Providing a well-built, reliable product including an 11-month service walk-through with contractor, developer and homeowner On-time delivery RECENT AWARDS Lander Sherman is the recipient of many awards, both local and national. This list includes: BUILDER Magazine Builder s Choice Grand Award for Lofts - 9th Street Lofts AIA Minnesota Award for 301 Kenwood Parkway BUILDER Magazine Builder s Choice Merit Award for Townhome Under 2,000sf - 21st Avenue Lofts Professional Builder Magazine s Best in American Living Platinum Awards for Best Smart Growth Community Over 151 Units - Wacouta Commons, Design Detail - 21st Avenue Lofts CURRENT PROJECTS In addition to City Lofts, Lander Sherman is actively working in many Twin Cities neighborhoods. Current projects include: 9th Street Lofts, St. Paul Market Lofts, St. Paul Midtown Lofts, Minneapolis West Side Flats, St. Paul Printer s Row, St. Paul 2626 West Lake, Minneapolis 38th & Nicollet, Minneapolis For more information on Lander Sherman developments, please visit

5 FEATURES AND AMENITIES Floor plans offer Traditional or Contemporary interior finish selections KITCHEN Luxury built-in appliance package including: Stainless steel GE self-cleaning oven and microwave Stainless steel GE built-in four-cycle under-counter dishwasher Stainless steel GE free-standing 20 cu.ft. frost-free refrigerator Under sink garbage disposal Stainless steel double-bowl sink Designer flush- and flat-panel cabinets Kitchen island per plan Granite counter tops available BATHROOMS Ceramic wall tile in tub and shower areas Designer handle faucets and cabinetry 5-foot luxury soaking tub in master bathroom (36 wide) LIVING AREAS AND BEDROOMS All main floor living levels feature 10-foot ceilings Track lighting in main living areas Solid core doors throughout Equipped with floor underlayment for sound mitigation Sprinklers throughout Smoke detectors throughout Pocket doors and sliding doors per plan Optional moving wall elements for room separation Fireplace options available EXTERIOR Brick, Hardi panel/plank, galvanized metal and stucco Oversized windows Landscaped courtyard Concrete city sidewalk and driveways Electric garage door with remote control Secured heated one-car underground garage space per plan Balconies and porches per plan TECHNOLOGY Media Panel flexible technology interface facilitating: Satellite Cable Internet/Network (CAT 5e cabling) Audio ENERGY EFFICIENCY Individually controlled high efficiency heat, air and hot water Bath, kitchen and dryer venting to outside Low-e windows for optimal efficiency Interior and exterior caulking 5/8-inch drywall on walls MECHANICAL 100-Amp electrical service Washer and dryer hook-up per plan Individual Quick-recovery gas hot water heater

6 THE PROCESS 1) Review information about City Lofts. 2) Meet with Iowa Realty Sales Team to determine unit location, size, and floor. 3) Sign a reservation agreement with refundable deposit. 4) Review building and unit plans and specifications, condominium documents, and warranty plan. 5) Determine finish level (traditional or contemporary) of your new condominium. 6) Sign a purchase agreement (deposit becomes earnest money). 7) Obtain a pre approval letter from your mortgage company. 8) Make selections for interior finishing. 9) Set up closing with Iowa Realty Sales Team. 10) Pre-closing buyer walk-through with buyer, builder, and Sales Team. 11) Closing of unit and receipt of homeowner information package. WELCOME TO CITY LOFTS!