Back to: Your Money Matters
December 30, 2016 09:59 PM

Can Sioux Falls Building Boom Continue In 2017?

For four years in a row, the city of Sioux Falls has broken building records.  Even during the cold winter months, building is hot in Sioux Falls.

"We're already working on projects for next year," Sioux Falls City Planner Mike Cooper said.

Cooper said that includes new multi-family development, along with retail and manufacturing.

"In terms of downtown, we're hoping we can continue next year with the new administration building.  With a mixed-use parking ramp, some of those kinds of projects," Cooper said.

Cooper also said projects will continue to pop up near Lake Lorraine, 85th and Minnesota and Dawley Farm. While business growth looks good, Cooper doubts we'll see as many apartments being built next year.

"There are still apartment projects that we'll see start next year, but I don't think we'll see the level of apartment units that we've had the last two or three years," Cooper said.

With the development, Mayor Mike Huether says the city needs to stay one step ahead of the growth.

"We need to make sure it's a safe place to live, that our infrastructure is sound and that we've got good business practices that support these dreamers, developers and builders," Huether said.

One way the city is doing that is by working with the state on workforce recruitment and development.

"You've got the lowest unemployment rate in all of America in Sioux Falls, South Dakota. That's a blessing, but if you're trying to grow things and develop things, it can also be a curse," Huether said.

Still, city officials are confident that the city will hammer out another year of good growth.

"I think the chances of having something like this happen five years in a row is going to be a challenge, but then we said that at the end of last year as well," Cooper said.

An apartment complex was the most expensive project issued a permit this year.  Graystone Heights Apartments came in at $37.8 million.

  • Business
  • Development
  • Sioux Falls, SD
Views

Comments

We Welcome discussion on KELOLAND News stories but will delete any comments that contain swearing or make threats against others.


Sponsored

Keloland Live Doppler

Sioux Falls, SD - Change
Sponsored
Sponsored
Sponsored