Urbandale investor plans 111-acre housing development in northern Carroll
9 Jul 2021
One of the more-prominent developers and land investors in Iowa, LeMar Koethe of Urbandale, has acquired 111 acres north of New Hope in Carroll and plans to work with developers to build homes and apartment complexes there.
Koethe, who operates Marko Properties and owns 66 farms in 13 cities, is seeking annexation into Carroll of the property, located west of Noble Avenue and north of 18th Street, on farmland he bought late last year for $1.39 million from WD, L.C. and L.J. Wiedemeier, Inc., entities connected to Patrick Wiedemeier and Tom Wiedemeier, according to warranty deeds filed with Carroll County.
Koethe filed the application for voluntary annexation on June 18. The city’s Planning & Zoning Commission will consider the request Aug. 11, and the matter is scheduled to go before the Carroll City Council Sept. 13.