UPDATE: I guess the developer interested in this project wants to also secure the buildings to the north of the block (Midco buildings) next to the Federal Courthouse. This means they will likely be asking for a street closure on 13th between Phillips and 1st Avenue. As I understand it, Midco would sell the buildings and would not be involved with the project, but I also have no idea who the developer is. You could build a ton of housing in that two block area even if the basement was parking and the 1st floor on Phillips was retail. Seems the planning department is trying to slip this project thru on the lowdown, but that is going to be difficult since the area they are proposing for redevelopment is prime real estate in DTSF.
Well, if you know a Shriner, you might have heard what the plans ‘may’ be for the parking lot the city is selling DTSF. Apparently they are not too attached to the building downtown and have looked at moving to a smaller more convenient location more South Central which would make the current building for sale. It probably wouldn’t be a hard lift to get the radio station to sell also. I guess the point is development won’t work UNLESS they have the entire city block, which make sense. Now Assam may not want to sell, but you could build around that chicken coop. What I don’t know is who is the developer and what do they want to build there? Apparently the city already has an interested party, but like most things it is top secret, you know, like the failed apartment buildings at 8th and Railroad (oh, did I say that out loud?).
MAJOR SIOUX FALLS CONSTRUCTION MANUFACTURER SELLS TO NATIONAL COMPETITOR
I have only had information on this trickling in, but I am assuming this will be a major story in the community in the coming days or weeks. Many employees and management are speaking out and it is only a matter of time. I was actually surprised because this company has often been used as an example in our community of how a local business should be run with employee ownership. My understanding is they over extended themselves with expansion and it was effecting the bottom line. I am withholding the name of the business until I hear more details about the sale.