Elevate Magazine October 2023 | Rapid City South Dakota

Page 1

The Elements // Affordable Housing // Block 5 Update OCTOBER 2023 Volume 4. Issue No. 10 housing
2 ELEVATE • OCT. 2023 R . See why at Lakota Tech High School Complex ScullConstruc tion.com

Over 10 new apartment complexes take shape.

Policy change shapes new housing landscape. BY

New

Volume 4 // Issue No. 10
23
OCT.
NEW HOUSING
Cover Photo by Sydney Riendeau
8
LAURA
12
JONES
inside
BLOCK 5 Downtown block starts process of going sky high.
24 AFFORDABLE?
18
What is affordable housing?
BY
28 THE ELEMENTS
downtown apartments take shape on 100 block. BY
08
RIBBON CUTTING AT RED ROCK APTS

WELCOME TO THE FUTURE OF HOUSING

And the future is now. Rapid City is a city on the move. In recent years, we've seen a surge in population and economic growth unprecedented in the region. For two straight years, the census estimates the Rapid City Metro-Area was the 36th fastest-growing city in the US, with a growth rate of almost 2.14%.

Think about it for a moment. That’s faster than Denver. Faster than Tucson. Faster than Seattle. And even faster than fast-growing cities like Jacksonville, Florida. It means a lot of growth for existing businesses in the region. And it’s certainly better than cities like Chicago, New Orleans, or Detroit, all of which have experienced significant population losses in the last year.

But that growth also comes with challenges like infrastructure, workforce, childcare, and finally, and most importantly, housing. It’s so obvious but profound at the same time: we can only grow as fast as our housing allows. And with a vacancy rate of around 1%, it could hold us back and make Rapid City less competitive in the future workforce battles between cities.

Welcome to this issue of Elevate, where we explore new and innovative housing solutions for Rapid City and the region. We'll cover everything from the latest trends in apartment design to the newest developments in sustainable and affordable living. There are several projects that are redefining what it means to live in an apartment. These buildings feature amenities like rooftop views, pools, fitness centers, and even dog parks for our four-legged friends.

We’ll also look at some of the most exciting new housing projects in Rapid City and do a bit of a deep dive into the need for more housing with a story of one of our own, Laura Jones.

Can the community get it done? We certainly think so.

These stories are part of the solution.

Stay safe and God-speed.

Elevate is a monthly publication produced by Elevate Rapid City. It is the premier business magazine for the Black Hills region telling the stories that make our area unique and vibrant.

PO Box 747, Rapid City, SD 57709 605.343.1744

elevaterapidcity.com

PRESIDENT & CEO

Tom Johnson

SENIOR COMMUNITY DEVELOPMENT & PARTNERSHIPS DIRECTOR

Taylor Davis

SENIOR MARKETING & COMMUNICATIONS DIRECTOR

Shiloh Francis

SENIOR ECONOMIC DEVELOPMENT DIRECTOR

Lori Frederick

OPERATIONS DIRECTOR

Liz Highland

EVENTS & MARKETING DIRECTOR

Rachel Nelson

PUBLIC POLICY DIRECTOR

Garth Wadsworth

HOUSING & COMMUNITY DEVELOPMENT MANAGER

Laura Jones

INNOVATION & ENTREPRENEURSHIP MANAGER

Dillon Matuska

WORKFORCE & SUSTAINABILITY MANAGER

Reese Niu

ECOSYSTEM SUPPORT & PROPERTY MANAGER

Loni Reichert

BUSINESS RETENTION & EXPANSION MANAGER

Kallie Ruland

INVESTOR RELATIONS MANAGER

Jason Wittenberg

DIGITAL CONTENT COORDINATOR

Sydney Riendeau

RESEARCH & DATA COORDINATOR

Karissa Ellis

EXECUTIVE ADMINISTRATIVE ASSISTANT

Ashley Simonson

DESIGN AND LAYOUT

Bailey Sadowsky, Shadow Sky Creative Co.

PUBLISHED BY THE RAPID CITY JOURNAL

Ben Rogers, President

ADVERTISING

Kelly Kanaan 605.394.8472 • Jaimie Mohler 605.8302326 • Tom Eltgroth 320-583-284

4 ELEVATE • OCT. 2023
PRINTED BY SIMPSONS PRINTING

PRIMARY CARE NOW

SAME-DAY APPOINTMENTS

We’re all busy — kids, school, work, hobbies, to-do lists. With same-day appointments, you can still take care of your health with a Primary Care Physician without having to wait.

To schedule your same-day appointment with a Primary Care Physician, call 605-755-3300.

5 elevaterapidcity.com

Thank you to the following businesses for proudly employing people

suppor ted by Black Hills Works:

A&W

ACE Hardware

Avantara Health

B9 Creations

Badger State Recycling

Black Hills Bagels

Caramel Creations

CB Nickels

Chili’s

Club For Boys

Crazy Horse

Creative Sur faces

Culver’s

Dakota Panel

Dakota Title

Ellswor th Air Force Base

Family Fare

Forest Products

Holiday Hills Retirement Home

Jerr y’s Cakes and Donuts

Kohl’s KOTA

Liv Hospitality

Miner va’s

Monument Health

Mount Rushmore

Nell’s Gourmet Baker y Pancheros

Perkins

Pennington County Sherriff ’ s

Office 24/7 Program

Perdue

Pizza Ranch

Qdoba

Rapid City Area Schools

Bus Barn

Rapid City Federal Building

Rapid City Parks

Depar tment

Ron’s Café

Sanford School of Medicine

Scooters

Ser vall

SoDak Title

South Dakota Mines

St. Paul Lutheran School

Subaru Dealership

Taco Johns

TJ Maxx

Walgreens

Walmar t

West Hills Village

Retirement Home

Xanterra at Mount

Rushmore

Youth and Family Ser vices

Zinvent

6 ELEVATE • OCT. 2023
w w w.blackhillsworks.org • Black Hills Works, 3650 Range Rd, Rapid City, SD 57 702

4 October FAMILY NIGHT OUT MAIN STREET SQUARE

The city of Rapid City is hosting ‘Family Night Out’ at Main Street Square. Live music with ROWAN GRACE, food trucks, yard games, activities, s’mores, dancing, and more. events.visitrapidcity.com

21 October 21 NIGHT AT THE MUSEUM SDSMT MUSEUM OF GEOLOGY sdsmt.edu/Academics/Museum-of-Geology/Events/

ALL-STATE CHORUS & ORCHESTRA themonument.live

6-8 October He Sapa Wacipi Na Oskate 35th Annual Black Hills Powwow themonument.live

12 October DROPKICK MURPHYS themonument.live

CONNECT WITH US @ELEVATERAPIDCITY
events

rapid city's housing new est

18% The population of Rapid City is projected to grow more than 18% over the next 10 years. With more people, comes more demand for infrastructure, services, and housing. Last year, Elevate Rapid City worked with area partners to produce a

housing study to get a better idea of what the market demands are. The results of that study showed that by 2030, Rapid City needs 2,109 more rental units added to the market.

Through July, Rapid City has already seen more than 350 new housing permits in 2023. With all this growth, it’s hard to keep up with what’s been added. Here is a quick glimpse at some of the newest units in Rapid City’s housing market.

sedona flats

LLOYD PROPERTIES

moonlight apts

5011 Shelby Ave // 57701

Sedona Flats has 143 studio through threebedroom apartments the feature a modern southwest design. The property features amazing community amenities including a clubhouse with a community room, fitness center and package receiving, an outdoor pool and sun deck, a playground and a dog park. sedonaflatssd.com // (888) 493-1664

h eartland heights

LLOYD PROPERTIES

1062 Valley Dr. // 57703

Each apartment features enclosed and covered entry, in unit washer and dryer, and air conditioning, and each 1 and 2 bedroom units have their own patio or deck. Petfriendly complex has plenty of open area for walking your pet and security cameras in all common areas.. apartments.com

countryside apts

427 DeGeest Dr. // 57701

Heartland Heights II opened just a year after the first phase with one through threebedroom affordable apartments. The 82-unit community has been a huge success bringing much needed affordable housing to the area. The property features open floor plans, in home washer and dryer, a community room, a playground and bussing from the property to schools for The Club for Boys programming. heartlandheightssd.com // (888) 950-5971

the radiant

28 Racine St. // 57701

The Radiant will provide affordable and market-rate apartment units. Located off Omaha Street, The Radiant offers residents the perfect location and convenience to lifeclose to Roosevelt Park, shopping and popular restaurants. One, two and three bedroom apartment homes at affordable prices for everyone.

4144 Haines Ave // 57701

These brand-new apartment homes feature private covered outside entrance and open floor plans. apartments.com

enchanted pines apts

4805 5th St. // 57701 Located within walking distance from Monument Health. Thoughtfully designed living spaces, including studio, one-bedroom, and two-bedroom units. apartments.com // (605) 939-7881

9 elevaterapidcity.com
9

creekside apts

Studio, 1, and 2 bedroom units. 9-foot ceilings and higher quality finishes and amenities. Pet-friendly with a dog exercise area on site, community pool and fitness center apartments.com // (605) 600-2389

red rock apts

Red Rock Apartments are perfect for those who enjoy spending time outside living a healthy, active lifestyle, as well as for those who appreciate a home that's a retreat from the business of everyday life. One and two-bedroom apartment homes, heated pool, dog park, on-site 24/7 fitness center.

redrockapartments.com // (833) 685-4550

tall grass apts

Unobstructed views of the Black Hills, Underground Parking, Garages, Garbage chutes on every floor, a dog park, dog wash station, outdoor pool, and massive fitness facility. apartments.com // (605) 600-2390

the altitude

1900 Fox Rd. // 57702

Located just off Mt. Rushmore Road/Highway 16 and Catron Blvd., The Altitude offers a choice of a 1-, 2-, or 3-bedroom villa apartment style. Open concept living, with 9' ceilings, in unit washer and dryer, walk-in closets, and large patio or balcony. Community room, full kitchen, fitness center, theater room and access to the outdoor pool, and grilling area.

10 ELEVATE • OCT. 2023
3276 Jim St. // 57701 7175 Dunsmore Rd. // 57702 2116 Philadelphia St. // 57703
PROPERTY GROUP
PEG
Be Surprised by EVERYTHING we have ... Including the Kitchen Sink! Locally Owned! Serving the Black Hills Since 1953 605.342.5587 northwestpipe.com Visit Us Online
11 elevaterapidcity.com Internet. Phone. TV. Advertising. Midco.com/Business Whistle more while you work.

laura jones

12

Collaboration and policy change key to improving area’s housing landscape

It took Laura Jones and her husband Eammon three months to find a place to live in Rapid City.

Living in Wisconsin, more than 12 hours from the Black Hills, they rented the only place that allowed them to complete the process virtually.

The couple started looking in February 2020, a month before the COVID-19 pandemic shook the world and resulted in unprecedented rises in housing prices and rent and a dramatic decrease in inventory.

“It was incredibly frustrating,” Laura recalled.

Laura and Eammon, however, are luckier than most.

“We are middle-class people. We could spend a little more than we wanted to on rent and had enough to put down a deposit and a month’s rent,” Laura said. “I can’t imagine what some other people are facing.”

Laura’s hope is to make housing easier for both individuals and businesses.

For nearly two years, Laura has been working on the

area’s housing challenges as Elevate Rapid City’s Housing and Community Development Manager. Her goal is to identify issues, create strategies to improve housing and help others navigate the process. It is a role she has been building towards for over a decade.

After earning her master’s in public administration in 2013, Laura worked for the state doing benefits administration for programs like Medicaid, Temporary Assistance for Needy Families (TANF), and Supplemental Nutrition Assistance Program (SNAP).

“I had a lot of interactions with low-income individuals through that, and I always keep them in the back of my mind when I am working on a lot of these things,” Laura said.

Laura moved from benefits administration to grants working for the University of South Dakota, the YMCA, and an engineering firm where she began dabbling in all areas of housing. “I was consulting municipalities on funding instruments for infrastructure projects –water, sewer, street projects and gathering information as it relates to the construction of how a city works.”

13 elevaterapidcity.com

Her background in grants and urban planning along with her own struggles to find a home, motivated her to apply for Elevate’s first Housing Coordinator position. Her hope was to help others avoid the difficulties she had when moving to Rapid City.

She is already making a difference.

“We are definitely going in the right direction. It just takes time,” she said. “It may appear that things aren’t changing, but since I started an insane number of apartments

The area’s percentage is now at 40 while the national average is 30 percent. “We’ve come a long way since then. We are steadily decreasing to a normal amount.”

Laura’s goal is to get people to think differently about housing.

She led efforts to join Peer Cities Network Housing Solutions, a national program out of NYU’s Furman Center to develop innovative and equitable local housing solutions. “We are one of five cities selected to participate

small and mid-size communities are doing with housing and collaborate locally on new ideas. “We are all working toward the same thing which is to prevent displacement of lowincome individuals out of their current housing. Our goal as the Rapid City team is trying to figure out what could be causing people to be displaced or evicted.”

The team can then identify solutions that would work in Rapid City. The city has made strides

have been permitted and there is an even crazier number planned for the future.”

When Laura started, the “at time of delivery” or how full a complex is when doors open was 80 percent. “That means that apartments were already 80 percent rented when they opened.”

That was in January 2022.

in the program to help develop policy related to housing challenges.”

Areas of focus include environmentally sustainable development, mitigating displacement, equitable access to homeownership, and comprehensive housing planning.

The program is a great way to see what other

in housing with some mixed-use developments like Block 5 on the corner of St. Joseph and 5th Street, and the new Elements complex on St. Joseph. However, there are more opportunities.

“I would really like Rapid City to work toward more infill, especially downtown. It would hit a lot of points that people have complaints about.”

14 ELEVATE • OCT. 2023
"We are one of five cities selected to participate in the program to help develop policy related to housing challenges."
rapid city housing dashboard RAPID CITY AVG. MONTHLY RENT $1,213 RAPID CITY VACANCY RATE 9.72% STATS FROM 8.23 MONTHLY WAGE NEEDED TO AFFORD AVG. RENT $4,332.14 HOURLY WAGE NEEDED TO AFFORD AVG. RENT $24.99 RAPID CITY ACTIVE FOR SALE LISTINGS 193 RAPID CITY MEDIAN LIST PRICE $449K RAPID CITY MEDIAN DAYS ON MARKET 43
- Laura Jones
15 elevaterapidcity.com Meet Richa rd. He wakes up each day with purpose and passion. Visit or Call Mybluepeak.com/business/home 866-991-9722 “Our mission is to create a community where everyone participates. The services provided by Bluepeak get us one step closer to achieving our mission.” —Brad S aathoff
Black Hills Works Contract required and minimum commitment period may apply. All services are subject to the applicable Bluepeak service terms and conditions. Visit www.mybluepeak.com/business/home or call 866-991-9722 for more information.
CEO,

Laura referenced the book “The Death & Life of Great American Cities” by Jane Jacobs, a book that inspired Laura’s interest in planning and housing. Although Jacobs was not a planner, she understood planning concepts and identified the concept of “eyes on the street” as a key to a successful community. “This is where density comes into play,” Laura said. “With more people around, it keeps you safe and makes your community more vibrant. You have neighbors to talk to and lots of activity going on,” she said. “It just makes sense.”

Rapid City has plenty of opportunities for

redevelopment and adaptive reuse. However, this requires both a change in mindset and a change in municipal policies, another area Laura is working toward.

“We do need changes that allow for more flexibility and density. There are really cool things that can be turned into something new like housing and creating that mixed-use space.”

While Laura looks at the area’s housing issues as whole, she focuses efforts on working with businesses whose employees may be struggling to find a place to live. “This is where my

position really comes back to economic development, making sure there is enough housing for the employees of businesses, both current and future.”

Laura wants to partner with developers on an idea to block off apartments that would be available for an employer to offer to employees. She keeps up on new developments and building permits and keeps current on all the housing-related economic indicators. “I help developers navigate the city systems, keeping them in the loop for funding opportunities that would be a good fit for their projects.”

16 ELEVATE • OCT. 2023

Always a visionary, Laura looks for innovative ways to deal with housing including companies that print 3D houses with concrete. Although not new technology, it would be something new for Rapid City. “There are creative solutions to address housing supply that aren’t being implemented here to their full extent.” Rapid City’s housing challenges are not unique. Everywhere in the country is facing similar issues.

“Housing prices really skyrocketed during the pandemic and still now in its aftermath housing is really difficult to obtain and unaffordable for a lot of people,” Laura said.

Laura’s hope is for the community to work together to find creative solutions.

While there is a long list of challenges and opportunities, Laura said much more can be accomplished through collaboration.

“I would say 90 percent of my job is collaborative. We need the community to work together,” Laura said. She works closely with developers, businesses, city officials, and foundations. “This isn’t just a one-person or one entity problem, and it is not something that one individual or one company can solve. It is fostering that collaboration and making sure we can work toward something.”

17 elevaterapidcity.com
"There are creative solutions to address housing supply that aren't being implemented here to their full extent."
M a t t M c Te e Matt McTe B I M Te c h n i c i a n BIM e chnic ian A s h l y n O l m s t e a d , A s s o c A I A Ashlyn Olmst ead, Assoc AIA A r c h i t e c t u r a l G r a d u a t e Archite ctural Graduate W
- Laura Jones
e are happy to welcome Ashlyn Olmstead and Matt McTee to our R apid City team!
18 ELEVATE • OCT. 2023
STORY
COURTESY
CONSTRUCTION
block 5 going
& PHOTOS
OF LLOYD

Block 5 goes vertical as Lloyd Construction team prepares site for upcoming work

"THE TEAM WILL SET AN AVERAGE OF 24 TRUCKLOADS OF PRECAST PER DAY FOR THE NEXT SEVERAL MONTHS.
- LUKE JESSEN

are clear signs of progress on the downtown Rapid City skyline.

Block 5, Lloyd Cos. 10-story mixed-use development along Saint Joseph Street between Fifth and Sixth Streets, is going vertical.

“You’ll see multiple cranes on the site this fall as this project really starts to take shape,” vice president of development Luke Jessen said. “It’s an exciting moment for any major project and definitely for one that Rapid City has been awaiting for a long time. Our construction team at Lloyd Companies along with many subcontractors have been hard at work since breaking ground this spring, and it shows.”

Block 5 includes Rapid City’s first new downtown hotel in more than 30 years - a 117-room Hyatt Place Hotel with event space. The development also will

bring 131 rental apartments, 7,000 square feet of commercial retail space, as well as a 330-stall parking ramp, to the downtown area.

Over the past several months, the Lloyd Construction team and many subcontractors have been busy removing the existing parking lot, installing underground utilities, removing the overhead power lines in the alleyway, as well as driving 640 deep-earth, steel pipe pilings to support the foundation of the building.

“The underground work is wrapped up and the team is focused on vertical progress,” Jessen said. “Precast erection is off to a fantastic start.”

The eastern stair-tower as well as the beginnings of the parking ramp are now visible on site. The precast concrete teams will continue to work through the end of the year to complete the

22 ELEVATE • OCT. 2023 General Contracting | CMAR | Design-Build Street and Utilities | Excavation | Sitework Drilling | Demolition www.rcsconst.com
THERE

"THE UNDERGROUND WORK IS WRAPPED UP & THE TEAM IS FOCUSED ON VERTICAL PROGRESS.

parking ramp, convention space, as well as the first five floors of the tower.

“The team will set an average of 24 truckloads of precast per day for the next several months,” Jessen said.

“There will be brief road impacts as we experience various milestones on the site, and we’ll be keeping the community well informed of those.”

Garage precast installation is expected to be through level seven by the end

Expert Insight From Our New Website.

of October, with tower precast installation through level five scheduled to be done by mid-December.

The garage will be substantially completed by late winter of 2024, though public use won’t begin until early 2025.

Framing and installation of levels five through 10 as well as the roof of the tower are scheduled to begin in mid-November and last until mid-summer 2024.

Following precast, the remaining floors of the tower will be framed with panelized light-gauge steel to complete the multifamily portion of the project. Exterior finishes and interior work will start in 2024 and continue through the project’s completion in the spring of 2025.

“We appreciate the public’s patience as we work to minimize construction impacts,” Jessen said. “We know Rapid City shares in our excitement as Block 5 becomes a reality and we look forward to sharing the progress here in the months ahead.”

At KT, our experts are commited to navigating the ever-changing financial landscape and simplifing its complexities for your benefit. Our new website honors that commitment Intuitive menus. Mobilefriendly design. Clearly-written content. Discovering valuable insight is easier than ever – insight you can use to optimize your business practices, and give you the confidence to plan for your future

23 elevaterapidcity.com
Rapid City • Spearfish • Gillette
KTLLP.CPA
Your Goals. Our Experts.

what is hou

It's a question that doesn't just echo in the boardrooms of businesses or the offices of executives but reverberates through the lives of every resident. A single parent working tirelessly to provide for their children.

A recent college graduate dreaming of their first home.

A seasoned professional who calls Rapid City home but finds the dream of homeownership slipping away.

Affordable housing isn’t a term for low-income families. It is housing that a household can pay for, while still having

money left over for necessities like food, transportation, health care, and more. The Federal government would say that no more than 30% of a household’s income should go toward housing (including utilities).

What does that look like in Rapid City?

As of September 12, in Rapid City, the average monthly rent is $1,213. That means that in order to afford rent, a household would need to make $4,332.14 a month or $24.99 an hour. Unfortunately, that is not the reality of the community right now. According

24 ELEVATE • OCT. 2023

affordable sing?

to the Bureau of Labor Statistics, the average weekly wage in Rapid City is only $964, or $3,856 a month (most recent data was for July 2023).

Fortunately, Rapid City has organizations working together to find solutions to what nationally has been described as a housing crisis.

“Housing that is affordable is critical for community development, workforce stability, and household security,” explained Liz Hamburg, CEO of the Black Hills Area Community Foundation. “It is a basic human need.”

The BHACF has played a leading role

in addressing affordable housing in Rapid City since 2017. After several housing summits and market studies, one tool that was developed was the Strategic Housing Trust Fund. This Fund takes a long-term approach to housing issues through low-interest revolving loans.

Some of the goals of the strategic housing trust fund and initiative include: increasing housing inventory, accessibility, and stability; reducing housing insecurity; and creating a sustainable and flexible tool that helps build more workforce housing.

25 elevaterapidcity.com

“The Rapid City Strategic Housing Trust Fund is designed to be a perpetual asset, a tool that can grow and continue impact housing work for generations,” explained Hamburg.

Since its creation in 2020, the fund has grown to roughly $15 million; key partners have been:

• $5 million matching grant from the John T. Vucurevich Foundation to challenge the city to contribute

• $5 million in Vision Funds from Rapid City to fulfill the match

• $2 million from the Bush Foundation

• $150,000 from Elevate Rapid City

• Other funding from private foundations, businesses, and individual donors

To date, five loans have been awarded. These projects will create or retain over 400 rental units that low-income families can afford.

• CommonBond’s The Radiant: 42-unit complex with 30 below market rent units. Now open.

• Lloyd’s Springs Edge: 41-unit complex. Opening in 2024

• Blueline’s Sagebrush Flats: 180-unit complex, all below market rate rents. Opening in 2024

• Black Hills Works Residential Services: Two, 4-bedroom townhouses. Opening 2024

CommonBond also purchased two existing properties totaling 156 units. This purchase ensures both properties

Advisory Board recommends low-interest loans

remain affordable instead of moving to market rents.

Rapid City was also selected as one of five cities to participate in the NYU Furman Center’s Housing Solutions Lab Peer Cities Network. For eight months, leaders will engage with peers, policy experts, and housing researchers to address pressing local housing challenges. Representatives from the John T. Vucurevich Foundation, City of Rapid City, BHACF, and Elevate Rapid City will be participating with peers from Cheyenne, Wyoming; Skokie, Illinois; Jackson, Tennessee; and Olympia, Washington.

“As Rapid City continues to grow, we look forward to learning with other communities on how best to accommodate this

Community Foundation Board deploys dollars for below-market housing

26 ELEVATE • OCT. 2023
"AS RAPID CITY CONTINUES TO GROW, WE LOOK FORWARD TO LEARNING WITH OTHER COMMUNITIES ON HOW BEST TO ACCOMMODATE GROWTH WHILE ENHANCING OUR QUALITY OF LIFE. ”
- ALAN SOLANO
Developer pays loan back to local housing trust fund LOCAL HOUSING TRUST FUND COMMUNITY FOUNDATION BOARD DEVELOPER

growth while enhancing our quality of life and our neighborhoods,” said Alan Solano, CEO of the Vucurevich Foundation.

These two projects are only a glimpse into the collaborative efforts happening in Rapid City

to address the housing needs. Being the 36th fastest-growing city in the country does not come without its growing pains. Maintaining the quality of life we all know and love, while ensuring the people who live here can afford to meet their basic needs

HEYWE’ RE O WNERS.

At T SP, you are par t of a 100% employee-owned culture where you share in our succes s through an Employee Stock Owner ship Plan. If you ’re look ing for more than just a job, but a place where you c an grow, thr ive, and build your future, T SP is the place for you

is a challenge community leaders will not be shying away from.

27 elevaterapidcity.com
T E A M T S P C O M/J OIN ARCHITECTURE
ENGINEERING
PLANNING

100 the elements st. joseph st

premier Mixed-Use Space

Downtown Rapid City is home to coffee shops, restaurants, and breweries. You don’t have to go far to find live performances or local artwork. “Downtown is both the heart and soul of any community,” says Tom Johnson, president and CEO of Elevate Rapid City.

And any moment now, nearly 100 keys will be turning as tenants move into the first large-scale housing project in downtown Rapid City,

the beginning of a new chapter.

The Elements, located at 100 St. Joseph Street, is a four-story, mixed-use building with 99 Class A residential units and over 23,000 square feet of first-floor commercial space. The building also features 75 dedicated underground parking spaces for residential tenants and an additional 57 surface parking spaces. Legacy Development & Consulting Company, LLC is the developer for

The Elements. It has long been a Sioux Falls-based company but saw the opportunity to expand into the Rapid City Market.

“Rapid City has been underserved for a long time, particularly with respect to housing and development in the urban core,” said Chase Wood, Principal at Legacy Development & Consulting Company, LLC and commercial broker for The Elements. “The market is strong and the

"rapid city has been underserved for a long time, particularly with respect to housing &development in the urban core."
30
-CHASE WOOD
31 elevaterapidcity.com BRI N G I NG AR C H I T E C TU RE T O Y O U R W O RLD www A R C AR eT E K c o m A R C I n t e r n a t i o n a l D e s i g n St u d i o BECOME A CERTIFIED NURSING ASSISTANT & BEGIN A REWARDING NURSING CAREER! W e s t R i v e r A H E C ' s R u r a l H e a l t h W o r k s p r o g r a m h a s 1 0 0 % f u n d i n g a s s i s t a n c e a v a i l a b l e f o r s t u d e n t s e n r o l l e d i n t h e C o m m u n i t y C N A P r o g r a m a t M o n u m e n t H e a l t h ! C N A s t u d e n t s w i l l a l s o b e e l i g i b l e f o r a $ 1 0 0 0 s t i p e n d . A n e w c o h o r t o f e i g h t s t u d e n t s w i l l b e a c c e p t e d e a c h m o n t h f r o m n o w t h r o u g h D e c e m b e r 2 0 2 4 . A P P L Y N O W ! WestRiverSDAHEC@gmail com 605.718.4077 WestRiverSDAHEC.org Tuscany Square • 311 Omaha St. in Rapid City 605-399-2265 | w w w.bankwest-sd.bank All loans subject to credit approval Member FDIC. WE WANT TO INVEST IN YOUR BUSINESS. Experienced Lenders Local Decision Making Business Checking Cash Management Ser vices sdsmt .edu Advancing the frontier of innovation

-CHASE WOOD

"The elements will provide a focal point in downtown core that will teem with activity."

community grows and advances by the day. We saw the opportunity to serve the community and advance the built environment, which helps snowball further development. It's a compounding effect that progresses the community as a whole.”

Wood’s primary role with Legacy focuses on investment sales, consulting, and identifying new opportunities for continual growth. Wood said they are “excited to add to the vibrancy and overall efficacy of downtown Rapid City.”

“The Elements will provide a focal point in the downtown core that will teem with activity,” he added. “Residential tenants will call downtown home, shop and dine at downtown establishments, and create a pedestrian environment which is so crucial to the growth and economic and cultural prosperity of the downtown core.”

99 units

Class A Resident Units

2bed/2bath

1,100 - 1,200 sq ft

1bed/1bath

800 sq ft

studio 500 sq ft

amenities: community Room Fitness Center Pet Friendly Threatre Room Guest Suite

33 elevaterapidcity.com
inside

Nearly 70% of the first-floor commercial space has been leased, with businesses moving in shortly after the residential opening in October. The Pack Mule is an urban grocer and provision store where people will be able to purchase and enjoy just about anything they want.

“If you want anything from fresh, local meat, the wide variety of high-quality items sold at Dakota Seafood, a fresh croissant, a nice bottle of wine (or case), and a very unique experience, The Pack Mule will provide all of this and more,” Wood described. Creative Surfaces will also be located at The Elements. Offering a showroom for high-quality items such as Cambria countertops. Legacy

Development & Consulting Company, LLC will also be opening its Rapid City office within the building.

In the heart of downtown Rapid City, a new chapter is unfolding, and it's one that promises to reshape the cityscape for years to come. The Elements is more than just a building; it's a catalyst for a vibrant and thriving downtown community. It's a place where people will live, work, and create lasting memories. As Rapid City continues to evolve, The Elements stands as a beacon of progress, a symbol of what's possible when vision, dedication, and community spirit come together.

COMMERCIAL SPACE

35 elevaterapidcity.com *CareChex® Awards | **Independent Market Research # 1 HOSPITAL IN THE NATION F O R M A J O R O R T H O P E D I C S U R G E R Y * Right here, the region’s most preferred orthopedic practice** meets the #1 hospital in the nation for major orthopedic surgery to offer you truly exceptional orthopedic care. Get relief from your bone, joint, or muscle pain through award-winning care from our experts at Black Hills Orthopedic & Spine Center at the state- of-the-art Black Hills Surgical Hospital. Call (605) 341-1414 for an appointment. www.bhsh.com www.bhosc.com

ELEVATE RAPID CITY

BOX 747 RAPID CITY, SD 57709

S pe n d $ 2 , 0 0 0 On Eve r yd ay Pu rch a s e s & Ea rn $ 2 0 0 wit h Your New C ash B ack C ard!

* To qualif y and re cei ve cre dit c ard b onus off er, you mus t make qualif y ing purchas e s ( purchas e s le s s returns , cre dit s , and adjus t ment s) t ot aling $2 , 0 0 0 or more during t he fir s t 9 0 day s f rom lo an op ening . Purchas e s do not include c ash ad v ance s , b alance t r ans fer s , unaut horize d or f r audulent charge s , account fe e s , and int ere s t charge s . Qualif y ing purchas e s mus t p o s t

t o your lo an account wit hin 9 0 da y s f rom op ening . Terms and condit ions subje c t t o change wit hout not ice . O ff er subje c t t o cre dit approv al Addit ional re s t ric t ions appl y Pleas e cont ac t us at 6 05.718 1818 f or det ails . » bhfcu .com /cashback

PRESORTED STANDARD US POSTAGE PAID RAPID CITY,
PERMIT NO. 618
SD

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.