Ho-Chunk’s South Sioux City housing development Flatwater Crossing is set to begin home and building construction in late September or early October, according to Dennis Johnson, Ho-Chunk’s Chief Investment Officer.
The development is being split into three phases, with construction being slated for phase one, the riverfront, first. Phase one will include two apartment buildings, 10 townhomes, about 80 single family homes, restaurants, shopping, coffee shops, and a town square for farmer’s markets and concerts.
Johnson called the design “new urbanism,” which focuses on walkability and the ability to live and work in one community.
“We’re really looking at building a unique community here,” he said.
Phases two and three, which will be more of a classic housing development style, will occupy the northern section of Flatwater Crossing.
“The demand and how quick phase one takes off will dictate when the future phases begin,” Johnson said.
Costs of single family homes in the area are expected to start in the low $200,000-area and go up from there, depending on location and lot size. Those who are interested in living in the community can either buy lots and build their own home or purchase turnkey homes built by Ho-Chunk’s subsidiary company BluStone Homes.
The entire project is anticipated to be completed within the next 10 to 15 years.