With a new Dollar General store rising on Dallas Center’s east side, Tim Day, director of business development for Hope K. Farms LLC, visited the lunch meeting of the Dallas Center Rotary Club Tuesday and outlined further plans for commercial and residential development of the company’s properties.
Day told the Dallas Center City Council in August that Hope K. Farms LLC anticipated developing at least two more commercial lots to the east of the Dollar General along Iowa Highway 44, and he shared Tuesday some conceptual options for further development of the 80-acre property, including a residential subdivision north of the commercial strip.
Hope K. Farms also owns 30 acres south of the Dallas Center Presbyterian Church along 13th Street (R Avenue). Day said this property is similarly suitable for commercial and residential development.
Some other Hope K. Farms projects were also discussed, including Day’s closing in November on 120 acres in Johnston just north of the Johnston High School and east of the Walmart on Iowa Highway 44. The land lies on the southwest side of N.W. 70th Avenue and N.W. 100th Street.
The Johnston development plan includes single-family houses, townhomes and commercial and retail space, Day said, with 95 acres to be sold to Transition Properties LLC for residential development and the remaining 25 acres going toward strip retail centers and other commercial projects and developed by Hope K. Farms LLC.
Hope K. Farms LLC paid $7.3 million to the Bright Foundation for Johnston farm ground. The Dale and Lois Bright Foundation was established in 1957 by the couple from Lineville, Iowa. Over the years, the Bright Foundation has contributed millions of dollars to Iowa organizations, charities and educational institutions.
Day spoke fondly of his childhood on a goose farm and his work as a welder for John Deere. Following college, his career in logistics took him from CDS Global Inc., Jacobson Companies Inc. and XPO Logistics Inc. He later turned to commercial real estate.
Day said his friend Reza Kargarzadeh, president and CEO of Engineered Plastic Components Inc. and owner of Hope K. Farms LLC, asked him two years ago to manage his real estate holdings, much of it farm ground that is in the path of development.