Mixed-Use Parking Ramp and Hotel
110 South Mall Avenue, Sioux Falls SD
Since 2014, the City of Sioux Falls had been working toward constructing a new parking ramp in the core of downtown, where demand for parking is very high and growing. The City’s goal was to partner with a private entity to provide a mixed-use element to the parking ramp that would enhance the scale of the project and maximize private investment activity at the site.
An Iconic Structure
The future, mixed-use parking ramp will transform downtown and will be an iconic and striking landmark for the city’s skyline. The structure will be one of the tallest buildings in downtown Sioux Falls and will include more than 500 public parking spaces as well as hotel rooms, event center meeting space, restaurants and commercial space.
Village River Group, LLC
Village River Group, LLC, led by Jeff Lamont of Aberdeen, South Dakota, is the private development partner in this project. Village River Group, LLC was established to include the selected initial developer, Legacy Development and Consulting Company, LLC, and a premier hospitality partner.
Dual Branded Hotel
A Residence Inn by Marriott and an AC Hotel by Marriott will be the hotels developed at the Village on the River in downtown Sioux Falls. Groundbreaking occurred spring 2018 and has an estimated completion date of 2020 for the entire development project. The project is expected to have close to 220 total guest rooms along with a large expanded convention area and multiple outdoor rooftop terrace meeting spaces.