WILLISTON, North Dakota — Construction is set to begin soon on a $15 million multi-use building in the downtown area of oil boomtown Williston.
The Renaissance Companies say they are set to turn a parking lot downtown into a four-story building with retail space, commercial space and two floors of apartments.
Williston is at the center of the Bakken oil boom, but its aging downtown has yet to go through a major revitalization project.
Deputy director of the Williston Economic Development Corporation Shawn Wenko says the project is indicative of the "economic firestorm" in the area.
The Renaissance Companies purchased the parking lot from the city in 2013. At the time, commissioner Tate Cymbaluk told The Williston Herald he voted against the sale because it would reduce parking downtown.