In the picturesque setting of Okoboji, Iowa, Sioux Falls businesses are redefining success within this vibrant lakefront market. A significant development taking place is the construction of Dry Dock Estates, which features 27 luxury condominiums on the site of a former hotel and restaurant, marking the first major condominium project in nearly 20 years for West Lake Okoboji. Listing agent Michael Jensen, associated with Jensen Real Estate, highlights the unique appeal of this property, describing it as a “real unicorn” due to its commercial zoning and waterfront location. The project is a collaboration between Tod Quiring, renowned owner of Huset’s Speedway in Brandon, and two prominent Sioux Falls firms: VanDeWalle Architects and Articulate Interiors.
VanDeWalle Architects serves as the architect of record, having established comprehensive construction documents and participated actively in the project through design compliance and on-site visits. Katie Krantz, a partner in the firm, noted that the design emphasizes maximizing lake views while granting residents privacy through creatively angled facades and diverse floor plans.
Articulate Interiors has played a crucial role in designing high-end interior finishes for the units. Co-founder Erica Locke expressed enthusiasm about the project, emphasizing the introduction of three curated finish schemes that allow potential buyers a choice in customizing their interiors. This thoughtful design approach has proven popular among prospective clients.
The condominiums, which vary in size from 1,900 to 2,000 square feet with prices ranging from $1.2 million to $3.7 million, have already seen seven units reserved, including four of the highest-priced offerings. The properties are attracting interest primarily from buyers within a 100-mile radius of Sioux Falls, reflecting a growing demand for luxury living spaces in this lake region.
Several businesses from Sioux Falls, including Eagle Construction, are also experiencing growth in the Okoboji area, as President Josh Kruger notes a significant rise in opportunities to work with local developers and residents. The construction firm has expanded its portfolio to include multifamily developments, such as Tallgrass Apartments, and has initiated diverse housing projects designed to meet the needs of both seasonal and year-round residents.
Meanwhile, Dave Dreessen, a business owner from Sioux Falls, has recently launched Boss’ Pizzeria & Sports Bar, which has received a warm welcome since its inception in January. Located within the Lake Okoboji Resort, the venue attracts visitors and locals alike, featuring live music and a full menu designed to appeal to vacationers and residents on the golf course.
In conclusion, the interconnectedness of the Sioux Falls and Okoboji markets is increasingly evident, as both sectors benefit from the unique attributes each has to offer. This deepening relationship fosters growth and provides a wealth of opportunities for businesses and residents, promising continued development in the region. The success witnessed thus far is a testament to the potential of collaboration between these two communities.
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