Sioux Falls Unveils Plans for New Railyard Development Project
An already frenzied area of construction in downtown Sioux Falls is getting another major project.
The city is entering into an agreement with Des Moines-based Christensen Development to develop about four acres of railyard land that was purchased from BNSF Railway in 2015.
The $95 million Railyard Development project will include a five-story mixed-use building on Eighth Street and three apartment buildings to the south. The mixed-use building is planned to be 56,000 square feet for retail and office space, including a rooftop that connects to the office space.
A parking ramp with 180 stalls will also be built to support the building. Over 230 units will be added when the apartment buildings are complete.
The purchase and development agreements for the Railyard Development will go before the City Council later this summer.
Pending approval, Christensen Development will break ground before the end of 2024, with a planned completion in early 2026.
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