New Apartments In Rapid City, Des Moines Filling Up With Residents
New apartment communities in Des Moines and Rapid City are offering residents the chance for downtown living in exceptional lofts.
Lloyd Companies recently opened two new apartment complexes – Block5 in Rapid City and The Deco in Des Moines.
“Our overall leasing activity has been really strong this spring and summer – we can thank our weather in part as the driving force there,” said Ashley Lipp, vice president of residential property management for Lloyd.
“We have strategically coordinated our leasing schedule to line up with the warmer season, ensuring we have options available when people are ready to move in the summer and fall.”
Block5 opened in June as part of Lloyd’s mixed-use development in downtown Rapid City along Saint Joseph Street between Fifth and Sixth streets.
Offering 130 lofts in a mix of studio, one and two-bedroom floor plans, the apartments occupy the top six floors of the building.
Residents enjoy oversized windows, granite counters and access to ramp parking, a tenth-floor community room and fitness center.
“The views of the city and the Black Hills are incredible,” Lipp said. “As prospective residents begin to tour the finished product, we’re seeing the interest translate into leases.”
It’s the first opportunity for downtown living in the community, making Block5 an appealing option.
“Rapid City experienced a similar pattern as Sioux Falls with its multifamily market,” Lipp added. “They had a lot of inventory delivered at once, which caused some above-average vacancy, but like Sioux Falls we’ve started to see the market rebound and have had a successful leasing season.”
The overall development includes a Hyatt Place hotel, brunch restaurant Toastique and future retail.
“Toastique has been a hit since opening, and it offers a great option for residents looking for a place to grab breakfast on their way to work or stop for a beverage,” Lipp said.
To learn more about leasing at Block5, visit www.block5lofts.com.
In downtown Des Moines, a new building at the corner of 13th Street and Mulberry Street is filling up with residents at The Deco.
The five-story building includes 81 studio, one and two-bedroom lofts as well as commercial space on the main floor.
“The Deco has a modern, trendy vibe that people are loving,” Lipp said.
The building features a brick exteriors, apartments filled with upgrades and concierge-style resident services.
Amenities include a community room, 24-hour fitness center, guest suite and second-floor rooftop patio.
“You’re also within a five-minute walk of Gray’s Lake Park, which offers a cool lake with walking trails, a beach and amazing city views,” Lipp said.
The Deco is a brief walk to Dart Station, a convenient hub that allows residents to access the whole city.
“Des Moines overall has been a strong multifamily market, with 95 percent occupancy so far this year,” Lipp said. “So we anticipate continued interest in this property.”
To learn more about leasing at The Deco, visit www.thedecolofts.com.
