Every corner at 85th Street and Louise Avenue indicates development likely is about to accelerate here.
The area is bolstered by the success of nearby 85th and Minnesota Avenue as a major commercial intersection to the east, a nearby interstate interchange to the north, the future Veterans Parkway a mile to the south and a future interchange to the west.
“Everybody is in the mode of being ready,” said Raquel Blount, vice president of commercial real estate at Lloyd Cos. “With that being the first (Interstate 29) exit into Sioux Falls from the south, it’s going to dramatically change traffic patterns. We see it as a very viable new emerging development area.”
She has 2 acres listed on the southwest corner that could support multiple commercial buildings.
“It’ll be service retail,” she said, mentioning a potential strip mall, quick-service restaurant or bank.
“We’ve had conversations with people. I think it’s the gearing up of the area right now — we’re seeing a lot of housing growth to the south and more multifamily — but I think it’s really going to be tied with the interchange open.”
The new interchange at 85th Street and I-29 is under construction and on track to be done next year…