Cherapa Place Development

Sioux Falls, SD | Commercial

Overview

Awakening a former railyard site in Sioux Falls, this exciting urban development elevates the design and planning bar. Through strategic use of high-quality materials and its central riverfront location, this modern development is truly a place to live, work, and play.

Opportunity

With an existing building on their 7-acre site along the Big Sioux River, Pendar Properties recognized the opportunity to create a vibrant environment in a growing community. The market-driven need for office and residential space in the center of Sioux Falls allowed the developer to enrich a growing area of the city through planning a cohesive multi-functional development.

Solution

In 2020, Pendar Properties selected ISG as its collaborative partner to provide a complete scope of services for advancing their ambitious vision for the Cherapa Place Development. Through a visioning process, numerous site and building configurations were evaluated before the team finalized the optimal plan that incorporated a central plaza, 650-stall parking ramp, and three new buildings with Class A office space, condominiums for purchase, rental housing, and street-level retail and restaurant spaces. The development is under construction and slated for spring 2024 completion.

The central plaza and pedestrian-oriented streetscapes will provide a safe, interconnected, and inspiring atmosphere. The central plaza within the urban development includes a variety of amenities such as outdoor seating for retail tenants, multi-purpose greenspaces, firepits, and swings—all set within native plantings that draw inspiration from South Dakota’s landscape.

To provide desirable Class A office space, ISG designed the core and shell of The Bancorp Building, a 10-story, multi-use high-rise that offers amazing river views and convenient access to the central plaza. Designed inside and out by ISG, the two six-story residential buildings will have 225 residential units available for rent in the spring of 2024, completing the exciting development.

ISG’s comprehensive planning efforts will make the Cherapa Place Development a destination—offering amenities that bring energy and excitement from morning until night and make it the live, work, and play environment Pendar Properties desires.

Key Points
  • 7-acre, $225 million development
  • 60,000 sq. ft. of retail and restaurant space
  • 5,000 sq. ft. of meeting and event space
  • 650-stall parking ramp
  • Comprehensive, planning, engineering, and design
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