Posted on 06-24-2014
A new development that features lake-front living in northwest Sioux Falls is filling up faster than expected. Cherry Lake Reserve, near the northwest corner of 12th Street and Ellis Road, started construction last year and now has five phases open. "It's moving way quicker than we anticipated," said Steve Van Buskirk, who heads land development for Van Buskirk Cos.
The upscale development sits on 94 acres owned by Jim Soukup of Soukup Construction, who bought it in the 1990s and used it for mining gravel.
The resulting 30-acre lake has become the focal point of a neighborhood that can use it for swimming, canoeing, kayaking and fishing.
"They like the lake," Van Buskirk said. "That's the primary piece, and all the amenities with it."
An 80-foot pedestrian bridge connects residents with an area that serves as a private park with a beach, mile-long walking path and playground.
"We've got picnic shelters, sun shades ordered and a lot of rock and landscaping and trees are planted," Van Buskirk said. "Our goal is August to get the bike trail paved on the north side."
The development has 27 lots sold and 19 lots with houses built or under construction. Another dozen are on hold. A future phase is slated for villa-style houses.
"We're working with builder groups that have high interest to go in and build a cul-de-sac and do a villa with a homeowners' association," Van Buskirk said. "We're really seeing good response to that and from consumers, too."
Part of the property also is planned for commercial development and will allow lake-front seating. "We have a restaurant operator mulling it over, and they absolutely love the site," Van Buskirk said. "They're just watching it right now. But retail is going to be driven by the general area. There are hundreds of new houses a quarter-mile away, and that's what's going to help."