Hubbell's newest downtown Des Moines apartment will have bold colors and an arcade

Hubbell Realty Co. announced Monday its newest downtown apartment building will have an indoor arcade.

Carbon 550, located on the corner of Sixth Avenue and Watson Powell Jr. Way, will have 50 apartment units and 39 heated underground parking spaces. It will have sleek interior features, bold colors and a "modernized arcade community space," according to a news release from Hubbell's spokesperson, Claire Brehmer.

"Inside, you'll find that Hubbell is pushing the envelope with Carbon's interior design choices — neon colors, floating cabinets and graffiti art to name a few," she said.

Hubbell is targeting young professionals who want to live close to work, she said. Designers have specifically limited parking to promote walkability in the downtown core.

The building will not have its own gym since it will be next door to — and about 50 feet from — the downtown Wellmark YMCA. It will be long and skinny to fit in the narrow strip of land on the northwest corner of the YMCA.

The land was owned by the YMCA of Greater Des Moines and Hubbell offered to buy it for $1 million. Hubbell proposed the project as a way to help pay for unfinished aquatic center at the Y.

Carbon 550, which will cost about $8.9 million, broke ground in late fall and building is now going vertical. It should open in early 2019.