About

Our Company

Established nearly 20 years ago, Legacy Development & Consulting Company, LLC is a commercial and residential real estate developer based in South Dakota. With more than $350 million of mixed-use, residential, office, retail and industrial development over the past decade, Legacy is well-positioned to deliver complex developments that add value to communities, investors and tenants.

We have developed and managed 1,447 residential units and more than 1.125 million square feet of diversified commercial space. Our diverse experience provides a breadth and depth of insight and experience that is unmatched in the regional market.

Our primary objective is to provide superior development services for our clients and secure returns for our investors. We do this through strategically developing and positioning properties, and then managing these properties with the goal of long-term stability and assured returns to our investors.

With a rich history of creating mutually-beneficial, trust-based relationships, and with an unparalleled focus on what motivates and drives our clients, investors and tenants, we have developed a solid reputation in the business and investment communities. We have become a leader in the South Dakota development and property management industries.

Norm Drake, CEO and Senior Principal

Our Guiding Principles

We are focused, strategic and guided by these principles.

  • To maintain a constant focus on what drives our clients so we can continue to deliver projects that meet or exceed their objectives
  • To employ great insight, empathy and trust in all partner relationships
  • To create trust-based investment relationships with each investor based on our stated return strategy and meeting or exceeding our projections
  • To ensure all preferred returns are funded on time, as pledged, to maintain client trust

To create continued growth in both property development and property management that is purposeful, meaningful and beneficial to the community and to investors.

Our Mission, Vision & Values

There are many competitors in the real estate and development business. Legacy Development and Consulting Company, LLC differentiates itself by highly valuing relationships and collaboration. Passionate about our work, we maintain a constant focus on what drives our tenants, investors and clients. We are strategic as well as creative when identifying and executing solutions.

OUR MISSION

Our core business is the development of high-quality, industrial, commercial, residential and multi-family properties with the primary business objective to maximize the total return to investors. We do this through strategically developing redeveloping and re-positioning properties, as well as leasing and managing these properties for maximum return.

OUR VISION

To create continued growth in both property development and property management that is purposeful, meaningful and beneficial to the community and to investors.

OUR VALUES

  • Integrity: Building and sustaining trust through honesty and reliability to maintain successful, long-term relationships
  • Teamwork: Working together to achieve and sustain results that improve the effectiveness and satisfaction
  • Quality: Consistently delivering results through hard work and innovation that meet or exceed expectations
  • Respect: Admiration for the abilities of our team, our clients, our community and our partners
    Financial Success: Providing solutions that contribute to financial stability and growth


We exceed our client’s expectations by building trust-based relationships and delivering on our promises utilizing thoughtful, creative and strategic solutions.

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Now Leasing in Downtown Rapid City, SD