City seeks proposals for development at former Presidential Plaza site
RAPID CITY, S.D. — Rapid City is growing fast and developers want to make use of every nook of downtown — including the block on St. Joseph Street between Fifth and Sixth that currently serves as a parking lot.
Elevate Rapid City is seeking proposals for a mixed-use development to build at the site, which was formerly supposed to become the Presidential Plaza, a 15-story, mixed-use building with a parking garage. The City began negotiating contracts for the building with local developers in 2006, but the process carried through to 2016 and was eventually nixed.
Mayor Steve Allender says the development will not share the failed project’s name.
“The right time was immediately following the settlement with Presidential Plaza,” said Allender. “So we’ve spent the last year or two planning and preparing and letting things settle down so we can have a better start at this one.”
Elevate Rapid City says project proposals should include the size of the building, amount of street level commercial space, the number of dwelling units and the number of private and public parking spaces.
A third-party company named Tegra will oversee the process. It’s the same group that oversaw recent work on the Civic Center.
Letters of interest are due by July 31 and proposals are due August 16. More information can be found here.