Offering 170 acres m/l of prime development land located within the incorporated city limits of Ames, Iowa. Situated in a rapidly growing area on Ames’ north side with housing development occurring immediately adjacent to the east and the Ames Golf & Country Club to the west, the property is located within the highly coveted Gilbert School District. Adjacent to the east of the property is Ada Hayden Heritage Park featuring miles of lakeside walking and biking trails. Sewer and water infrastructure are readily available to the site, and the Master Plan/Development Concept has been approved by the City of Ames. Recently paved Hyde Avenue now allows paved access along the east side of the property as well as the north from W 190th Street/Bloomington Road.
Approximately 170 acres m/l in the Northeast 1/4 of Section 21, Township 84 North, Range 24 West of the 5th PM in Story County, Iowa. Exact legal description should be taken from abstract.
Rose Prairie is located on the north edge of Ames, at the southwest intersection of Hyde Ave / Grant Ave and W 190th St.
Up to 201 Multifamily Units
Up to 206 Single Family Attached Units
Up to 213 Single Family Detached Units
620 Total Housing Units
Sanitary Sewer - $1,973 per acre with 5% annual increase
Water - $1,304 per acre with 5% annual increase
If city decides to install sewer along Sturges Property (the 40 acre tract in the SE corner - see Master Plan Development Concept), the developer agrees to run extensions west and north to service through property. An 8 inch sewer line runs alongside the east boundary of the property (Hyde Ave).
Upon approval of the first Final Plat, after June 30, 2023 the total sanitary sewer connection fee attributable to the site be paid in full.
A 12 inch water line is located along Hyde Ave, developer will be allowed to connect to the city-installed water system improvements.
Upon approval of first Final Plat, after June 30, 2023 the total water connection fee attributable to the site be paid in full.
City shall install street lights through the Ames Municipal Electric System and developer shall pay all of the city's costs of installation.
Costs of construction of Hye Ave will be paid 37% by developer (2,737 lineal feet of the road abutting Rose Prairie and 1,190 lineal feet of road abutting the Sturges Property).
Developer agrees to pay $185,000 for traffic signal installation as well as widened intersection and traffic signal at Hyde Ave and W 190th St.
Developer agrees to dedicate 5 acres to the city of a park with responsibility of constructing a trail to the north of the park property.
Park counts toward 25% open space requirement.
Park to be finished by 2023.
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