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Sioux Falls developers moving location for downtown building that will have hotel, apartments

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SIOUX FALLS, South Dakota — Promoters of a mixed-use building and parking ramp in downtown Sioux Falls are retooling their plans after developers failed to reach a deal with landowners along Phillips Avenue.

The proposal for a four-story building called "The Banks" will have a hotel, apartments, retail and office space, and a public parking ramp at the corner of 10th Street and Phillips Avenue,

Sioux Falls Community Development Director Darrin Smith tells the Argus Leader (http://argusne.ws/1IMH3nu) that project backers were unsuccessful in acquiring the properties that house Skelly's Pub and Copper Lounge.

The new plan calls for the building to be constructed on a city-owned parking lot.


Information from: Argus Leader, http://www.argusleader.com

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