UnityPoint Health pulled out of a project to convert a retail plaza at the heart of the Ingersoll Avenue business district into a day care for seniors amid questions about owner and prominent developer Jake Christensen's finances, leaving the property's ― and Christensen's ― futures unclear.
Christensen has partnered in dozens of projects across Des Moines since starting Christensen Development in 2003, and before that as an executive with Nelson Development. He also is a member of and former chair of the Des Moines Airport Authority.
But stalled projects and a lawsuit alleging Christensen owes at least $6 million in overdue loans and accusing him of attempted fraud have led city development staff to signal caution to the City Council about the Ingersoll plaza plan. The proposal called for UnityPoint to use the building for its newest Program of All-Inclusive Care for the Elderly, or PACE, facility.
Tap the link in our bio for more on this story.
#DesMoines #Iowa #DSMUSA