Posted: April 21, 2022
Rapid City
Agenda Item Summary

Agenda Item Ref. #: 22PD007 - Original Town of Rapid City

Agenda Item Title:

22PD007 - Final Planned Development Overlay to allow a mixed use development

Origination Group:
Planning Commission
Origination Meeting Date:
04/21/2022
Petitioner:
FMG Engineering for Lloyd Associates, Inc.
Staff Contact:
Sarah Hanzel, Planning Projects Division Manager
Location:
525 St. Joseph Street
Agenda Item Summary:
The subject property is located at 525 Saint Joseph Street, in the Central Business District. It is currently owned by the City of Rapid City and utilized as a surface parking lot for leased parking. The proposed development contains structured parking, which requires the review and approval of a Final Planned Development Overlay application. An Initial Planned Development Overlay was approved by the Planning Commission on November 24, 2021. No exceptions are being requested. The proposed development is a mixed-use structure to be known as “Block 5.” The proposed development will be 10 stories above grade and consist of 8,000 square feet of commercial retail space at the ground level, a covered parking garage with approximately 330 parking spaces for Block 5 residents and patrons, 131 apartments, and a 117-room hotel and conference center. The proposed development is designed in compliance with the City’s adopted Comprehensive Plan and Downtown Area Master Plan, which prioritizes a pedestrian friendly environment and walkable downtown.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve with Stipulations
Origination Recommendation Notes:
Planning Commission Approved with Stipulations outlined in the Project Report: 4/21/2022

Attachments & Links to Download:

22PD007 Project Report 

22PD007 Attachments

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