Hubbell Realty Co.'s Riverpoint Lofts recently received 1000 Friends of Iowa's 2012 Best Development Award for Renovated Residential. Riverpoint Lofts is a historic rehabilitation project that turned a former Des Moines factory building, originally built in 1901, into 91 affordable housing rental units. The apartment building opened in late 2011 at 340 S.W. Seventh St.