March 8, 2021

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Development begins on new 2nd Ave. condominium developing created to deliver reasonably priced housing to downtown Sioux Falls

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SIOUX FALLS, S.D. (KELO) — A new apartment advanced is breaking floor in a escalating place of downtown Sioux Falls that will soon carry a large change to the corner of 2nd Avenue and 13th Street. 

“When you search at this part of downtown, Prescott Position utilized to be two vacant heaps that were form of an eye sore and that’s not the most effective use for the assets,” Vice President of Legacy Developments Daren Ketcham said.

Legacy Developments has began design on a 46-unit condominium complex just two blocks east of Phillips avenue.

“It’s definitely an emerging area of downtown, a quieter spot to live than appropriate on leading of some of the hustle and bustle of Phillips avenue,” Ketcham reported. 

“I operate on Phillips Avenue down close to the Falls, I individual a residence decor boutique,” 3rd Avenue Lofts tenant Taryn Raabe claimed. 

Raabe’s modern search for a downtown condominium led her to the new 3rd Avenue Lofts just across the avenue from the website of the upcoming Prescott Put apartments.

“This put is actually increasing, you’re not ideal on Phillips which is pleasant, that’s exactly where all of the eating places and shops are, but you are not correct on major of it and we’re only two blocks absent so I walk down to all those parts all the time,” Raabe stated. 

With the new Breaks coffee shop, Sunshine grocery keep and Kirby dog park all nearby, this corner of downtown Sioux Falls is viewing a increase in housing.

“Downtown proceeds to see robust demand for rental units of all selling price points,” Ketcham explained. 

With Legacy’s 3rd Avenue Lofts opening final year and the Prescott Put apartments set to open up early next year, Legacy Developments is performing to make downtown residing additional inexpensive.

“We visualize offering the the vast majority of these models beginning under $1000 a month, which to get these varieties of features in downtown Sioux falls at that selling price point is quite tricky to occur by. SO we’re extremely optimistic about how this will go and we seem forward to the following 12 months of construction.

The Prescott Put residences will welcome its 1st tenants in March of following calendar year but will begin leasing even faster.  

Motorists in the area can expect a lane closure on 2nd Avenue while design is underway.

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