SIOUX FALLS, SD – It’s the most expensive condo ever for sale in the history of Sioux Falls. A $1.3 million loft nearing completion on Phillips Avenue will be part of this weekend’s downtown loft tour.
A spacious loft lined with windows and brickwork is what you see now; but two years ago when Aaron Hultgren of Legacy Developments bought the former Susanne’s on Phillips clothing store building, it didn’t look anything like this.
“It had about four inches of plaster; on all the brick walls on the outsides. They’d dropped the ceilings way down. (They) Had plaster on those ceilings. (There were) Years and years of different flooring, products on the floor, to get kind of where we are at here,” Hultgren said.
Construction on the 3,000 square foot condo above the new men’s clothing store, J.H. & Son’s, began in March. From the start, Hultgren says he knew he wanted to create a single, luxury residence.
“To divide this and segment it and create a condo situation, we just thought would be a crime to the building. We’ve got windows on all four sides–a lot of unique features that you don’t run into in downtown very often,” Hultgren said.
You also don’t run into a rooftop patio like this one.
Getting an 8,000 pound hot tub up onto the roof for the four season room was a big challenge in itself.
“When we decided to do a roof deck and a patio, it was no big deal, until we told them we wanted the ability to put a hot tub up there and then we had some significant engineering costs and steel beams and so forth,” Hultgren said.
Then there was the spiral staircase to get to the roof top.
“That post there is 24 feet solid, so that had to come in from the roof down,” Hultgren said.
There’s another patio off the master suite, along with in-floor heating throughout the loft. High-end finishings are just going in now.
“Copper sink, that’s really cool,” Hultgren said.
Hultgren isn’t worried about finding the right buyer, one that won’t be put off by a price tag of $1.3 million.
“We think this is one of the things that’s critical, that advances downtown, making it a better place to live, work and play. That’s the notoriety we want,” Hultgren said.
Hultgren says there are currently four interested buyers and after this weekend’s loft tour, he hopes an offer comes in.
The only other Sioux Falls condo that comes close to this price was sold at Vista Tower for $1.2 million.
You can check out this one and all the lofts on the Downtown Loft Tour from 10 a.m. To 4 p.m. on Saturday.
The cost is $5 per person, kids 12 and under are free.