01
Commitment to
neighborhood development
Commitment to neighborhood development. Since the beginning, HKG has maintained a commitment to increase the financial capacity of the inner-city and small towns. HKG’s principal, former State Senator Jack Hatch, co-founded the Neighborhood Investment Corporation (NIC) and developed its first three multi-family, mixed-income apartment communities: the Woodland Avenue Brickstone, East Village Square, and the Stockbridge Brickstone.
Each project represents a commitment to providing beautiful, spacious and unique apartment living while adding substantial value to the neighborhood. NIC has a commitment to reinvest a portion of its net income back into the neighborhood within each project’s location. Since it’s establishment, the NIC has invested over $150,000 for neighborhood development.
02
Commitment to Affordable
and Workforce Housing
Commitment to Affordable and Workforce Housing. HKG also created an additional thirteen Limited Liability partnerships to develop private ownership of affordable housing and commercial development. These affordable housing projects received national awards for its design and availability. These communities are located in areas of Des Moines, Cedar Rapids, Winterset and Newton, Iowa where no developer previously built.
In 2003, HKG built the first affordable housing community in downtown Des Moines in 25 years and today, the housing boom continues responding to the growing workforce. We introduced “Lease to Own” communities to Des Moines and we were the first affordable housing developer to create a in-fill housing design for workforce housing families (Greystone Homes).
03
Commercial and Home Development
Commercial and Home Development. HKG completed an ambitious rehabilitation of two the historic former auto dealership buildings, the Chamberlain Building at 1312 Locust and the Kruidenier Building at 1408 Locust Street on the edge of the newly created Western Gateway Park in downtown Des Moines. The redevelopment of these two buildings sparked a revitalization of western downtown that continued to expand with the addition of the Pappajohn Sculpture Garden, and (at the time) the expansion of Nationwide and Allied Insurance’s corporate headquarters.
The 1312 Locust building is the new home for upscale restaurants and leading businesses seeking the high-profile exposure that this great location offers, and the Kruidenier Building, located at 1408 Locust, was the Des Moines office for Microsoft and it is home of the largest marketing firm in Iowa, Flynn Wright. HKG also developed and built the Alchemilla condominiums in the Sherman Hill Historic District, a neighborhood adjacent to the downtown business district. The Alchemilla consists of six Market Rate townhouses built as a Victorian-style mansion.
Solutions
We Plan, Build & Restore
HKG is widely known for its special treatment of historic properties. It assisted a non-profit in the restoration of the Hawthorn apartments in Cedar Rapids; bought, financed and renovated the “Twine Sisters” Wellsport & Portwell Flats in Des Moines; partnered with another developer to restore the CUNY Building in Waverly, Iowa and the Heart Elementary School in Dubuque, Iowa; and completed a $16 million renovation of the Historic Hotel Maytag in Newton, Iowa. HDG successfully completed its first commercial historic renovation – an ambitious rehabilitation of the historic Chamberlain Building and Kruidenier Buildings at 1312 Locust and 1408 Locust respectively.
Clinton YWCA Supportive Services Homeless Project
Construction begins March 2025
