Tuesday, January 9, 2007

Housing Continues Strength in South Dakota as New Commercial Center Will Break Ground

Things are happening up in South Dakota. In the part of the country most famous for the Mount Rushmore National Monument, people are beginning to settle in ever growing numbers. Housing starts peaked in 2005 as they did in most parts of the country, but while the rest of the states have seen a marked slowdown, Rapid City, SD has continued it strength over the last year.

Now developers R.H. Johnson and LANE4 Property Group are planning to break ground on the Meadows of the Blackhills, a sprawling 600,000 sf. big box retail center that will include a Sam's Wholesale Club, a Bed Bath & Beyond and a Home Depot among others. Initial plans allow for the possibility of lodging and commercial space to be added in the future. The location is at the northwest corner of I-90 and Exit 60 in Rapid City, South Dakota. The project is being billed as a regional development since it will serve not only Rapid City but also the 200 miles surrounding the area that sees an estimated 5 Million tourists each year.

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