- Real Estate
- Food & Drink
Dec. 10, 2018
It’s becoming more clear just how much The Cascade is about to bring to downtown Sioux Falls.
Towering five stories above Phillips Avenue at Second Street, the first of two buildings that will bring apartments, businesses and community amenities to the north end of downtown is taking shape.
The first building is being enclosed and will include more than 120 apartments with commercial space on the main floor.
“We’re getting it ready for winter and to proceed with the finishes,” said Dustin Stefani, construction manager for Lloyd Cos., the project developer and general contractor.
“You’ll see the exterior products starting to be installed – a lot of brick – and then inside we’ll start drywalling and doing interior painting and finishing.”
Nearly the entire development sits on underground parking, which will total more than 250 spaces.
“The parking garage is basically an entire city block. The whole site sits on the top of a garage,” Stefani said. “Both buildings sit on top of it. We’ve got the precast done, and we’re working on pavement downstairs.”
A courtyard will include an outdoor pool, dog park, bocce court and space for grilling and gathering.
Both the first building and the courtyard are scheduled to be done this coming summer.
“Leasing continues to be strong and is surprising even us with almost eight months left until first move-ins,” said Drew O’Brien, regional manager at Lloyd Cos., which also will be the property manager.
“We have some floor plans that are 100 percent leased but do have diverse availability left and can accommodate any needs our future residents may have. It is exciting to see the walls up, the roof get buttoned down and windows installed.”
The Cascade offers unique community features, including multiple gathering areas with patios, a demonstration kitchen for chefs to teach cooking, a coffee bar, yoga studio, fitness center and a lounge for those who like to work from home.
“Every day, the vision of The Cascade gets clearer, and our future residents are getting more excited as they get a better idea of what their homes are going to look like. This has spurred leasing activity for those who needed to get a better feel for the space and take in the views before they could commit.” O’Brien said.
“The views are breathtaking, the units are inviting, and the common areas are looking more like spaces that will be filled by congregating residents in any of the three lounges, the game room or the incredible outdoor pool and spa. We are filling up fast but do have studios, one bedrooms and two bedrooms still available.”
Lloyd is offering hard hat tours to prospective residents, he added.
On the first floor, Severance Brewing Co. was the first announced tenant and will bring a 3,600-square-foot brewery to the south end of the building.
Initial work on the second building, which is closer to Main Avenue, also has started. It’s scheduled to be done in the spring of 2020 and will add more than 70 apartments.
“We’re getting to the point of ramping up quite a bit where there will be at least 100 people on site every day,” Stefani said. “It will be busy that’s for sure.”
The Cascade is definitely starting to take shape in downtown Sioux Falls. Come with us for a look inside.