Kris Saddoris

Vice President, Development

Kris Saddoris provides strategic insight and planning to lead the Development division of Hubbell Realty Company.  She works with developments ranging from urban neighborhood development, multi-family rental  and affordable housing, to retail, industrial sites and single-purpose uses.  From initial financial analysis, site acquisition, due diligence review, rezoning and design, to construction and implementation, Kris sees a project through its entirety.

Joining Hubbell Realty Company in November 2011, Kris brings more than 33 years of real estate development experience within the Greater Des Moines market.  Throughout her career, she has been instrumental in the creation of more than 80 multi-family communities across Iowa.  She was employed for many years with the leading developer of affordable housing in the State of Iowa, and directed both the property management and development divisions of a long-time Des Moines area real estate company.  Additionally, Kris has broad experience as a real estate development consultant, working with national developers and lenders as well as non-profit and governmental entity clients.

Kris has developed a wide variety of development products with Hubbell including more than 6,000 multi-family units, mixed-use and mixed-income developments, almost 1 million square feet of industrial space, as well as retail and medical product.  She has a vast range of experience utilizing multiple capital stack sources including both federal and historic tax credits, low income housing tax credits, tax increment financing, CDBG, HOME, Enterprise Zone credits, Workforce Housing tax credits, as well as redevelopment tax credits for both Brownfield and Grayfield sites.

EDUCATION

Bachelor of Science
Business Administration
Iowa State University

Masters of Business Administration
Iowa State University

Affiliations

Des Moines Partnership
Economic Development Committee, Chair

HOME, Inc.
Board of Directors Vice President

CREW Iowa
Past Board of Directors Member

Grimes Economic Development Committee

Urban Land Institute Iowa
(Past) Management Committee, Membership Chair

Project Experience

Spaulding Lofts
$15 Million
77 unit Mixed Income, Federal and State Historic, LIHTC, Brownfield Redevelopment Project
Grinnell, IA

Bridge District
$60 million to-date
16 Acre Downtown Redevelopment Site, 243 Multi-Family Units in 2 Projects, Verve and Velocity
Tax Abatement, Workforce Housing Tax Credits, For-Sale Townhome Units at The Banks
Des Moines, IA

ACHIEVEMENTS

Kay Anderson, Friend of Iowa 2010
HousingIowa Award Winner

Multi-Family Housing Distinction Award
2008, 2012
HousingIowa Award Winner

Des Moines Register
“15 People to Watch in 2016”

Downtown Des Moines Chamber
2015 Citizen of the Year