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West Des Moines ― eager to see redevelopment of the prime, 58-acre property just off the Valley West Drive interchange with Interstate 235 ― began talks last fall with Freitag's office.
Property tax records show that in 2003 Valley West Mall paid $3.1 million in property taxes, adjusted for inflation, on a valuation of about $100 million. By 2022 the tax bill had fallen 83% to ...
The massive headquarters off Interstate 235 at the Valley West Drive exit has tons of exclusive amenities for employees and guests. ... movement toward Valley West Mall redevelopment remains slow.
From the West interchange, I-235 heads east. Almost immediately is a half diamond interchange with 50th Street in West Des Moines at exit 1A. One mile (1.6 km) later is a partial cloverleaf interchange at exit 1B with Valley West Drive, [3] which was renamed from 35th Street in 1988 due to its proximity to Valley West Mall and Valley High ...
Valley West Mall opened August 4, 1975, with about 20 stores and its first anchor, Brandeis. The mall's grand opening ceremony was held on July 28, 1976, with the opening of the second anchor, Petersen Harned Von Maur, and an additional 40 specialty stores. JCPenney, the third anchor, opened in March 1977 to complete the mall. [4]
The court has directed the Polk County Sheriff's Office to sell off Valley West Mall to pay off more than $42 million in debt.
Several retail and office complexes opened along the I-235 corridor after the freeway's completion, including Valley West Mall, which opened in 1975. West Des Moines' population jumped from 11,964 in 1960 to 31,702 in 1990.
Valley West has been under the management of a court-appointed receiver since 2022, when U.S. Bank sued to foreclose on the mall for failure to make payments on a nearly $50 million loan.