<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3XEdbc_1Ez6ouXO00" alt="https://img.particlenews.com/image.php?url=3XEdbc_1Ez6ouXO00" width="1500" height="844" ><figcaption>Demolition has begun on the former Nichols &amp; Shepard warehouse, 108 SE Fourth St., in the East Village as work begins to convert the building to Class A office space.&nbsp; Rendering by BNIM and Tempo Architects</figcaption></figure>The building has been acquired, building permits pulled, and now demolition is underway on the former agricultural thresher warehouse at 108 SE Fourth St. as a developer starts the conversion of the 34,000-square-foot building into Class A office space.Tim Rypma, operating as Threshing Warehouse LLC, plans to convert the former Nichols &amp; Shepard warehouse, built in 1895, into office space for six tenants.“We’re swinging hammers, and it’s about a 10-month total project, so we expect office tenants to move in and be up and running by August 2027,” Rypma said.Rypma purchased the property from Steven and Diane Kreutzer and Lori and Mark Klain for $1.6 million. The transaction was recorded Aug. 26.Rypma said three leases have already been signed, and he’s speaking with a couple of other prospective tenants.“We’ve seen a lot of interest,” he said. “I think it shows the market for Class A office space is strong.”Demolition is expected to take about two months. Once that’s done, crews will begin dry ice blasting to remove paint from the interior brick. New water, sewer and gas will be run to the site. New windows will be installed. A new roof will be constructed. The building will feature new hardwood floors, a new elevator and new staircases.When done, the building will have a large fitness center and a communal conference room that will be available to tenants and others in the neighborhood, Rypma said.“We’re excited about it,” he said. “It’s a pretty cool building. I’ve been eyeballing it for years.”<figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1AaRHF_1Ez6ouXO00" alt="https://img.particlenews.com/image.php?url=1AaRHF_1Ez6ouXO00" width="2048" height="1152" ><figcaption>Rendering by BNIM and Tempo Architects</figcaption></figure>He cited its location in the East Village and its proximity to the developing Market District, which Rypma is also involved in, as a factor in his interest in acquiring and redeveloping the building.“It’s how we merge together that pathway connecting the Market District to the East Village,” he said. “We’re trying to pay homage to the East Village by renovating an older building and incorporating some of the state-of-the-art aspects that the Market District offers.”When the conversion is complete, the building will have two 7,000-square-foot spaces with the rest being around 2,500 square feet to 3,000 square feet, Rypma said.He described the project as “wash, rinse, repeat” of the Carpenter Building project where Rypma converted the 50,000-square-foot former paper company warehouse into Class A office.“Every project, we learn something new, but what the Carpenter project really taught me was there is a demand for Class A office in downtown Des Moines,” he said. “Investing in Class A space has been proven.”He said much of the office vacancy in downtown Des Moines is Class B and Class C space.“It’s hard to find Class A vacancy in the downtown market,” Rypma said.The two-story warehouse, built in 1895, is listed on the National Register of Historic Places. It is where agricultural threshing equipment was once made. The Des Moines City Council approved a development agreement for the project in June.Rypma said as with any project, issues will be uncovered but he is prepared to address them as they arise. He is working with architecture firms Tempo Architects and BNIM, Civil &amp; Environmental Consultants Inc., and engineering firm Dibble on the project.“During the demo stage of any building we’re going to run into something,” he said. “We’re going to find there’s a structural issue here. A window doesn’t fit there, or there’s more asbestos someplace than we expected. We’ll find those kinds of challenges but as with any project we’ll rely on the construction team, the architect, the engineers and consultants and problem solve, and that’s one of the things we love about these old projects. They’re not easy.”</div></body>

Block Source: Des Moines Business Record

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The building has been acquired, building permits pulled, and now demolition is underway on the former agricultural thresher warehouse at 108 SE Fourth St. as a developer starts the conversion of the 34,000-square-foot building into Class A office space. Tim Rypma, operating as Threshing Warehouse LLC, plans to convert the...

Work underway on former threshing equipment warehouse conversion

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The building has been acquired, building permits pulled, and now demolition is underway on the former agricultural thresher warehouse at 108 SE Fourth St. 

Work underway on former threshing equipment warehouse conversion

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