September 15, 2022 By Breeauna Sagdal
The Governor's Office of Economic Development announced today that Alliance Management Group has opened the first of three new apartment buildings in Watertown. Alliance Management Group broke ground on a new development located in northwest Watertown called
The Plains, earlier this spring.
The apartment buildings will consist of 72 units along with a clubhouse, providing an additional 216 total residencies in Watertown. The second and third buildings are currently underway, and projected to open by the summer of 2023.
The Plains were created in order to address work force housing needs. Apartments range
between $1,035 per month for a one bedroom, to $1,745 per month for a three bedroom two bath.
A D V E R T I S E M E N T
A D V E R T I S E M E N T
According to Commissioner Steve Westra, “the Governor’s Office of Economic Development (GOED) was able to participate in this project with a Revolving Economic Development and Initiative (REDI) loan. The use of this funding makes it easier to finance this kind of project in communities like Watertown.”
“We appreciate the investment by Alliance Management Group in our community. This project helps fill critical housing needs for both our existing and future workforce,” said Michelle Kakacek, executive director of the Watertown Development Company.
“Housing availability is key to workforce growth throughout South Dakota. The partnership between the state, the Watertown community, and Alliance Management Group on this project is a great example of what can be accomplished,” said Lieutenant Governor Larry Rhoden.
“We appreciate Governor Noem’s leadership at the state level and the city of Watertown working with us to make this development a reality,” said Rick Berg, owner of Alliance Management group. “My hope is this new development will help address Watertown’s housing needs. We are excited to open this project and be a part of Watertown’s growth.”
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--Breeauna Sagdal- Editor At Large| Post Date: 2022-09-15 08:17:34 | Last Update: 2022-09-15 10:16:45 |
