Two pioneering multifamily projects in the eastern part of Sioux Falls are gaining ground, backed by compelling interest and investment from local stakeholders. Spearheaded by the Sioux Falls-based Ernst Capital Group, the city sees a significant influx of new housing options tailored to meet diverse rental needs.
“We’re seeing an exceptional performance in our portfolio, especially highlighting some of the best winter leasing activities on record,” said Chris Daugaard, a partner in Ernst Capital Group. “This enthusiasm encourages us as we progress with these new projects.”
Willowbrook Village
The first project, Willowbrook Village, has already welcomed its initial residents. Situated northeast of Veterans and Arrowhead parkways, this build-to-rent community introduces 57 single-family homes managed by Lloyd Companies. Each residence boasts two- or three-bedroom configurations complete with attached garages. Residents have noted the quality finishes, comparing them to freshly constructed homes intended for sale rather than rentals.
This innovative approach to multifamily living focuses on striking a balance between affordability and quality, making it an appealing option without the overhead of luxury amenities. This move aligns well with the broadly thriving residential market within the area, further fortified by the strategic location chosen for development.
Split Rock Village
Simultaneously, Split Rock Village, another development under Signature Fund VI, is progressing at 26th Street and Six Mile Road. It targets a mix of dwellings with upcoming leases for 100 units across studio, one-, two-, and three-bedroom apartments. The inclusive amenity package planned features a clubhouse, pool, and additional recreational facilities, aligning with the growing expectations of the modern tenant.
Ernst Capital’s ventures reflect years of strategic investment and partnership, marking its 38th collaboration since 2007, with 16 specifically focused on projects like those seen with Signature Companies. Chris Daugaard notes the long-term potential of these locations, tying their development closely to the ever-increasing population and demand.
These developments signify more than just urban expansion; they offer local investors a chance to engage deeply with Sioux Falls’ growth story, emphasizing quality and evolving residential preferences. As Ernst Capital opens doors to new investment opportunities, there’s little doubt these projects will carve out a new definition for Sioux Falls’ multifamily housing landscape.
For further information or to get involved with Ernst Capital Group, visit their official website here.
For the full story, refer to the original article on SiouxFalls.Business.
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