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Construction on what will be Iowa's tallest residential building has temporarily stopped due to a loan delay.

The developer expects the financing to be finalized by the end of the month, allowing work to resume.

Once completed, the 33-story tower at 515 Walnut will house 390 apartments.

The usually busy downtown Des Moines construction site for what would be Iowa's tallest residential building has fallen silent, its massive tower crane lowered and at a standstill.

Delays in obtaining a loan to pay Beal Derkenne Construction, the contractor for 515 Walnut, forced work to halt on Monday, Oct. 27, as first reported by KCCI-TV. Lead developer Joe Teeling told the Des Moines Register on Wednesday the loan was initially supposed to close in early October. Now, it looks l

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