After years, east-side property could attract full-service restaurant
June 13, 2018
It took more than a decade, but the developers of an east-side property near Harmodon Park have the liquor license they believe is needed to land a full-service restaurant in the area.
The owners of Harmodon Crossing at 41st Street and Veterans Parkway are hoping to sell 2 acres along with the liquor license to a restaurant operator.
“Right now, we are searching for a restaurant operator to bring this project to fruition,” said Ryan Tysdal of VanBuskirk Cos., who has the property co-listed for sale. “Having a restaurant pad for sale with a liquor license is incredibly rare, maybe unheard of.”
A few months ago, Tysdal received a call from Rod Woelfel on behalf of a new owner of a city-issued liquor license. It had been issued after more than a decade on the wait list.
“I met with them and purchased the liquor license in less than 24 hours,” Tysdal said.
He said the liquor license is attractive because it’s a full city-issued license, with no 60/40 requirements for the percentage of food to alcohol sales.
“The full liquor license would allow someone to do a full-scale concept like The Barrel House, The Attic or Shenanigans,” he said.
The developers had land at Harmodon Crossing under contract about three years ago for a sports bar and grill, but the deal never happened because the group was unable to secure a liquor license.
“We wanted to avoid that same situation again, so we reversed the process and started with the liquor license first,” Tysdal said.
Harmodon Crossing is a 10-acre development adjacent to Harmodon Park, the largest baseball complex in South Dakota, which draws 325,000 visitors annually.
Its location on Veterans Parkway, or South Dakota Highway 100, also is a traffic driver.
“The highway will make its connection to Interstate 90 in about 20 months. That’s an absolute game-changer for the east side,” Tysdal said.
The plan is to have a neighborhood bar and grill at Harmodon sometime next year, he said.