Minneapolis-based Oppidan Investment Company recently sold or contracted for sale the last of 131 residential lots in the Woodland Hills Development of West Des Moines.
Located in West Des Moines, Iowa, Woodland Hills of West Des Moines is a 173-lot residential development adjacent to the new Woodland Hills Elementary School, which is scheduled to open in the fall of 2013. In November of 2011, Oppidan purchased the subdivision’s 131 unsold lots as well as the property where the school now sits, setting in motion the successful turn-around of what was once considered a long-failed residential project.
In partnership with Iowa Realty Company, Oppidan has now sold 61 of its 131 lots and has contracts for sale on the remaining 70, the latter of which are expected to close by October of 2014. To date, the City of West Des Moines has issued 49 building permits for new single-family homes in the development.
Mike Knapp, president of Iowa Realty Company, credits Oppidan with resurrecting the long-abandoned development and turning it into a growing neighborhood.
“Countless developers looked at Woodland Hills and walked away. Only Oppidan had the innovation, talent, resources, and tenacity to see the potential in Woodland Hills and to effectively bring it to fruition,” Knapp said, in a written statement. “I can’t think of any of other residential development that is more in demand in the Des Moines area than Woodland Hills.”