The area leading up to Sioux Falls’ namesake could soon look a lot different.
On Tuesday the city announced it has selected Lloyd Companies for a large, $43.5 million project in Uptown Sioux Falls.
It’s been years in the making. City, state and national leaders have been trying to give Uptown Sioux Falls a facelift for decades.
Now another piece of the puzzle is coming together as Lloyd Companies plans to start developing the area along Phillips Avenue near Second Street.
The two buildings will contain more than 200 apartment units, underground and above ground parking, as well as 20,000 square feet of commercial space which will include offices, retail and restaurants.
“Hundreds of thousands of visitors come by every year. They come around this corner, and they see this site here,” Lloyd Companies CEO Chris Thorkelson said.
Thorkelson also says the project will include some unique features, such as a boardwalk, outdoor pool and a courtyard.
“There’s an outdoor patio up above, and of course, there’s a lot of patio seating outside of the businesses as well,” Thorkelson said.
City leaders say this is just the beginning of redevelopment here. In fact, Mayor Mike Huether says he already has a plan for the land just east of the project.
“There’s more discussions going on behind the scenes. I mean that sincerely. They’re about north, south, east and west from here,” Huether said.
Huether says he’s also aiming for a unique vibe in the area.
“Artisan areas and areas you’d see in a Minneapolis, Chicago or Austin,” Huether said.
A big city feel in a changing area of Sioux Falls.
Much of the land is currently owned by the city.
The project still needs city council approval.
As long as that happens, Lloyd plans to start work in the fall and have it open in 2019.