development - lloyd companies...• charles rysdon’s son max was 15 when his dad started the...

DEVELOPMENT

OFFICE | RETAIL | HOTEL & CONVENTION CENTER | DOWNTOWN SIOUX FALLS, SD

SIOUX STEEL DEVELOPMENT 2

THE HISTORYThe Sioux Steel Company was established in 1918 by Charles Rysdon in a small horse barn near the Big Sioux River at the lowhead dam near the Upper Falls of The Falls. By the 1920’s, Sioux Steel had established itself as a preferred supplier of corrugated steel products such as metal ductwork, tanks, and floor grids.

In the late 1930’s Sioux Steel’s business had transitioned in favor of farm equipment manufacturing, fabricating tanks, barn ventilators, and grain storage bins… by the 1940’s, Sioux Steel had expanded geographically, serving most of the United States.

With continued growth through the late 1900’s, Sioux Steel was poised in the 2000’s to expand product lines again – creating a specialty in livestock equipment, focused on both plastic and steel-based components for the livestock and agricultural industries.

In 2018, Sioux Steel had made the decision to relocate their facilities outside of downtown Sioux Falls. In 2019, Sioux Steel selected Lloyd Companies as the developer and agreed to a sale of their site for redevelopment in 2020.

Together, Lloyd Companies and Sioux Steel have developed plans for a mixed-use neighborhood designed to draw people from all walks of life to share in a destination unlike anything else in South Dakota.

In summer of 2020, Lloyd Companies will break ground on the Steel District, closing a chapter of manufacturing on the site, starting a new chapter and writing a new history on the site… opening the Upper Falls for the community and visitors.

Established in 1918 and founded

by Charles Rysdon, Sioux Steel

Company’s facilities were first

located in a small horse barn with

an adjacent wagon repair area.

These buildings were next to an

abandoned granite quarry across

the Sioux River from the old

Queen Bee Mill, above the Sioux

Falls. Powered by electric motors,

a single power shaft went down

the entire length of the building to

run machinery.

Business thrived into the later

1930’s, manufacturing farm

equipment such as hog feeders,

stock tanks, cupolas, wagon box

floors, barn ventilators and grain

storage bins. In 1940, Max Rysdon

took over as President. After the

death of his father, Max led Sioux

Steel to push forward and expand

its territories from the adjacent five

states to as far as Georgia and

Alabama. By 1951, Max Rysdon’s

14 year old son, Phil, worked sum-

mers at the plant in the nuts and

bolts, welding and maintenance

departments. After college, Phil

worked in sales and moved quickly

into the advertising and marketing

department.

Sioux Steel supplied most of the

furnace duct work for homes and

offices in the Sioux Falls area. In the

late 1920’s, Sioux Steel soon began

selling furnaces, wall and floor grids

(registers), and oil storage tanks

that required two new additions to

the facility. After college, Charles’s

son, Max joined the firm as Sales

Manager and Purchasing Agent.

Sioux Steel factory workerS & employeeS with ownerS charleS & max rySdon

Top: product advertiSementS from 1921.RighT: Sioux Steel farm binS from the paSt.

1918ESTABLISHED IN

Fun Facts:

• Charles Rysdon’s son Max was 15 when his dad

started the company. Max’s first summer job was as

water-boy for the factory, seeing that the drinking

water was kept full and iced.

• Sioux Steel’s first big break was in the building of

McKennan Hospital (now Avera Health System),

supplying all of the copper shingles for the facility.

Charles RysdonfirSt Generation owner

Max RysdonSecond Generation owner

THE STEEL DISTRICT

PROPERTY HIGHLIGHTS• The project will include 3 major building areas: A hotel and convention

center, an office building with ground-level retail, and a parking ramp wrapped with residential and retail spaces.

• A skywalk will span the site connecting all buildings to one-another.

• A walkable pedestrian corridor with activated commercial retail alley will exist between the hotel/convention center and the office building.

• Lloyd Companies has selected some of the region’s most talented design firms including: Box Interior Designers, Confluence, ESG Architects, KochHazard Architects, Norman Engineering, and VanDeWalle Architects.


TIMELINESUMMER 2020 Lloyd Companies breaks ground. Site-work commences.

FALL 2020 Lloyd Companies begins vertical progress on the hotel/convention center and office building. (pending lease activity)

WINTER 2020/2021 Lloyd Companies beings vertical progress on the parking ramp and wrap building.

WINTER 2021/2022 Office tenants begin buildouts.

EARLY SPRING 2022 Hotel & Convention Center Opens.

LATE SPRING 2022 Wrap building opens for retailers & apartment residents.

CANOPY BY HILTON & CONVENTION CENTER• 216 Guestrooms

• 60,000 sqft convention & prefunction space

• 5-10 meeting rooms/ballrooms depending on event’s configuration

• 2nd level patio bar

• Ground-floor bar

• Ground-floor Italian Restaurant



OFFICE TOWER - FIRST FLOOR

Retail: $30 / SF NNN

OFFICE LOBBY

RETAIL

RETAILRETAILRETAIL

RETAIL

Lease Rate Range From $26-30 / SF NNN174,000 SQFT 9 Levels Ground-floor Retail/Restaurant Space

2,669 SF

RESTAURANT

34’ 6”

79’ 6”

UNDER LOI

67’ 6”

27’

SK

YW

ALK


OFFICE TOWER - SECOND FLOOR

Riverview Office Space: 2,683 SF | $30 / SF NNN

Office Space: 8,809 SF | $26-28 / SF NNN

34’ 6”

79’ 6”

LEVEL 2RESTAURANT

89’ 8”72’

72’

68’ 8”

46’ 8”

72’


OFFICE TOWER - THIRD FLOOR

Office Space: 16,697 SF | $26-28 / SF NNN

72’

101’

72’

72’

68’ 8”

46’ 8”


OFFICE TOWER - FOURTH THROUGH SEVENTH FLOORS

Fourth Floor Office Space: 16,697 SF | $26-28 / SF NNN

Fifth Floor Office Space: 16,697 SF | $26.50-28.50 / SF NNN

Sixth Floor Office Space: 16,697 SF | $26.50-28.50 / SF NNN

Seventh Floor Office Space: 16,697 SF | $26.50-28.50 / SF NNN

UNDER LOI

78’

64’ 7”

71’ 3

”

70’

46’

71’ 3”


OFFICE TOWER - EIGHTH AND NINTH FLOORS

Eighth Floor Office Space: 16,697 SF | $28-30 / SF NNN

Ninth Floor Office Space: 16,697 SF | $28-30 / SF NNN


WRAP BUILDING - FIRST FLOORLease Rate $25 / SF NNN

RETAIL

FUTURE OFFICE WRAPR

ES

IDE

NT

IAL

PARKING RAMP

15,500 SQFT Retail Space 100 Apartments 5 Levels

UNDER LOI


SITE PARKING PLAN• 900+ stall parking ramp• Wrapped to the north and east by 100 apartments and 30,000 sqft of retail space• Wrap to the west and south will be added based on absorption of the project• Completion Date: Winter 2021/2022

LEGENDPedestrian Route:

Vehicle Access:


AREA DINING, RETAIL & DEVELOPMENTS1. The Cascade

· Candy Cloud Factory

· La Luna Cafe

· Layered Elements

· Severance Brewing Co.

· The Root Cellar

· The Bloom Room

2. Phillips Avenue Lofts3. Larson Square Lofts

· Bread & Circus Sandwich Kitchen

4. Uptown Exchange Lofts5. Levitt at the Falls6. The Coliseum7. Sioux Falls Police Department Law

Enforcement Center8. Minnehaha Court Services

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46-48 54

9. Luciano’s North10. Old Courthouse Museum11. Jones421 Building

· Bella Rosa Floral

· Boki European Street Food

· Intoxibakes

· Lavender Skies

· MK Threads

· OG Greens

· Papa Woody’s Woodfire Pizza

· Sharing the Dream in Guatemala

· Swamp Daddy’s

· The Source Coffee

Roasterie & Taproom

12. Icon Lounge13. Sioux Falls Parks & Recreation

14. Wiley’s Tavern15. 300 Building16. The Market17. Raven Industries18. Orpheum Theater Center19. Holiday Inn Downtown Sioux Falls20. River Tower Apartments21. Commerce Center22. Equity Square23. Wells Fargo24. Hotel on Phillips25. The Treasury26. The Plaza

· Woodgrain Brewing Co.

· Agua Fresh

27. First National Bank Sioux Falls

28. Phillips Avenue Diner29. PAve30. Coffea Roasterie & Espresso Bar31. Mint & Basil Boutique32. Zandbroz Variety33. Carpenter Bar34. Vishnu Bunny Tattoo & Piercing35. Rehfeld’s Art & Framing36. Crawford’s Bar & Grill37. J.H. & Sons38. Lucky’s39. Marie & Marie Bridal40. Minervas Restaurant41. CH Patisserie42. JL Beers43. Duluth Trading Co.

44. Fernson Downtown45. Washington Pavilion46. MacKenzie River Pizza, Grill &

Pub47. JLG Architects48. Parker’s49. Escape 605 Axe Throwing &

Escape Rooms50. YMCA Apartments51. Century Link52. Mahlander’s Appliance & Lighting53. Siouxland Libraries- Downtown54. Cathedral of Saint Joseph

FUTURE DEVELOPMENT

SIOUX STEEL DEVELOPMENT

development - lloyd companies...• charles rysdon’s son max was 15 when his dad started the...

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