Project Updates and Community Impact

PROJECT TOUR | Diamond Ridge

Transcript:  So, here we are at Diamond Ridge.

Diamond Ridge is an off shoot of our Shepherd Hills property. It’s on the far south side of the larger, 600 acre parcel. If you can kind of look up to the north, you can even see some of Shepherd Hills development off in the distance there.

This is the south side, we’re just off of Homestead Street. We’ve got North Valley Drive just to the west of us here.

Our Diamond Ridge Subdivision is essentially an extension of the Johnson Ranch concept, where we felt that it was necessary for us to continue to provide that workforce, entry level housing. That first-time homebuyer’s level, keep it under the $250,000 range.

Right now, we’ve got homes in this subdivision selling from about $170,000 to about $230,000 and they’re selling as fast as we can build them.

Literally, as soon as we plat lots, they are sold, with the house, and they’re on the waiting list for the buyer to get into them.

That’s the demand that we have for that level of housing inside of Rapid City.

This development is built in a very unique area. We’re right on the boundary line between Rapid City services and Rapid Valley Sanitary District Services. So, a street like the one that we’re building in front of us, we’re actually running, in certain places, 2 sewer lines and up to 3 different water lines for all of the different utilities.

So, you start looking at the cost of the underground infrastructure that goes into a street, it is at a break even point or even a loss point for us to create these lots.

However, we made a commitment to continue these lots, we made a commitment to the builders that are buying these lots to continue developing them, and most importantly, it’s what Rapid City needs. This is fulfilling a hole that can’t be filled anywhere else. And, so, we’ve made that commitment and we continue to do it and make it work.

Like I said, the utility situation is unique where we’re at right now, this is full Rapid City services. Just across the line here, we’ve got Rapid Valley Sanitary District services, and we even had to put in a special booster station to create our own pressure system within Rapid Valley Sanitary District, which is where we get all of the redundant lines and the extra sewer lines.

But, most importantly, there again, we wanted to make sure that everybody had excellent water and sewer service, so that you have that shower pressure you’re looking for. You’ve got, just like you would expect, the water to make your grass look great and green.

We’ve already completed with the first 2 phases, we are up to almost 50 homes down below. We just finished up here, this last couple days with our phase 3 portion, which is another single family lots and we’re working on our phase 4 portion which is another 32 lots. All of the lots are sold.

And, so right now, it’s us just keeping ahead of the builders to make sure that we’re providing them, the homes are pre-sold so everything’s on a schedule – boom, boom, boom – and that’s what’s keeping these people working.

So, we’ve got our construction crews, we’ve probably got 50 subcontractors just on the downside of this hill building homes. They’re digging foundations, they’re pouring the concrete, they’re setting the floors, they’re framing the houses, they’re finishing the houses, they’re roofing the houses, and they’re siding. All of those crews are working in unison and building in bulk to make these prices attainable within Rapid City.

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Project Tour Videos

See what’s coming to some of Rapid City’s biggest sites with a virtual project tour from the team at Dream Design.
We’re so grateful to be a part of these projects and would love to take you along for the ride.

PROJECT TOUR | Scotland Hills

This is our premiere subdivision in Rapid City. This is one of the most fun subdivisions I’ve ever had the chance to be a part of.

We were able to take 120 acres that was hidden right inside of Rapid City on these beautifully forested slopes just next to the Hospital right away from Highway 16 and just off of 5th Street.

What we had here was a series of ridges that extended up and through this area. Heavily treed forests, heavily treed gulleys, amazing wildlife -deer, fox, all sorts of things, turkeys all over the place.

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PROJECT TOUR | Johnson Ranch

This is Johnson Ranch.

Johnson Ranch is one of my personal, favorite developments that we’ve ever done.

It started with an idea and a round table discussion where it was “What can we do to create workforce, affordable level housing inside of Rapid City? What can we do that doesn’t require subsidy?”

In other words, we don’t want to take money from the State Housing Development, we don’t want to take grant money, we don’t want to ask the City for TIF funds or additional dollars. What can we do to make this happen within the terms of the property and the zoning code that we have here?

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PROJECT TOUR | Dakota Market Square

Here we are at Dakota Market Square. This has been an amazing project. This is a true rejuvenation project where we were able to take an existing building that was in disrepair, it was in the process of being emptied out and unoccupied.

We started by remodeling the east half. We had 90,000 sqft that you’re looking at now. We put brand new fronts on the entire building and we’ve moved from east to west. Every suite on the west side of the building has been filled up.

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This is the Kansas City Lofts.

This is a four story mixed use apartment building. We have commercial suites on the main level, and then we have three stories of apartments above that… The project itself is a mixed use project. And, what we’ve done is we’ve tried to incorporate all of the work that the City of Rapid City has put into the East of Fifth rezoning and redevelopment of this entire side of town.

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The best way to really get a handle on the projects at Dream Design is to hop in the truck with Hani and Kyle and drive the project tour – getting the real time narrative to see what’s coming, what stage of development we’re in, what are the project challenges, and what awesome new services a project is able to bring to the area.

…In the midst of COVID this year, those project tours are a lot more infrequent and a bit more tricky to pull off, so we’ve pulled together a VIRTUAL project tour, so now, we can bring the project tour TO YOU.

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