Village On The River
Village On The River[edit]
Village On The River is a mixed use parking ramp and hotel and is set to be the new tallest building in South Dakota and Sioux Falls Standing at 15 Stories Tall and will feature parking and two national hotel brands.[1] JLG and the City of Sioux Falls are re-imagining the standard parking garage to create a visually striking, people-focused Live-Work-Play center in downtown Sioux Falls. Village On The River replaces a standard surface parking lot with a totally new and fresh public-private development for downtown to further enhance the vibrant downtown Sioux Falls streetscape. The solution is a win-win for the City, the private developer, and the community: Village On The River will create 525 new parking spots on a high-demand surface lot that currently only holds 135, and by involving a private developer, the City will receive significant tax revenue that was not available on the surface lot. However, the parking literally takes a back seat to retail, restaurants, and offices, which front 10th street and hide the parking ramp tucked behind. A new hotel sits atop these services, and will make Village On The River the tallest building in Sioux Falls and South Dakota. The project will include 215 rooms between two hotels: AC Hotel by Marriott and Residence Inn by Marriott.[2] It will be a great addition to the downtown area, Of the $50 million estimated project cost, $30 million will be privately funded. The remaining $20 million will be covered by city parking revenues and a $16.5 million, to be paid back at 3.51 percent interest. In all, Village On The River will include more than 500 public parking spaces, 220 hotel rooms, event center meeting space and commercial space for restaurants and retail. The project is expected to be completed by fall 2020. Village On The River when finished will be the new tallest building in Sioux Falls as previously stated when finished it will stand at 15 stories tall, The tallest building is currently the century link building which stands at 11 stories tall but will fail to keep that title when Village On The River is completed.[3]
References[edit]
- ↑ Architects, JLG (2018-05-08). "Sioux Falls breaks ground on Village on the River - JLG Architects". JLG Architects. Retrieved 2018-09-23.
- ↑ "City: 15-story building is still on track". SiouxFalls.Business. 2018-08-01. Retrieved 2018-09-23.
- ↑ "Sioux Falls breaks ground on Village on the River, 15-story mixed-use parking ramp". Argus Leader. Retrieved 2018-09-23.
Village On The River[edit]
This article "Village On The River" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Village On The River. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
