Kim Norvell - Des Moines Register - Drake University is selling land it owns east of campus for a $63 million development that includes apartments, townhomes, commercial/retail space and a remodeled Varsity Theatre.

It's the latest piece of Drake's long-term plan to redevelop the neighborhood around the Des Moines campus that includes new buildings for the Boys and Girls Clubs of Central Iowa and Harkin Institute for Public Policy & Citizen Engagement, an extended stay hotel and streetscape improvements along University Avenue.