SIOUX CITY— Cool, modern and cutting-edge is how Ho-Chunk Inc.’s executive team describes the Virginia Square complex the firm is developing in downtown Sioux City.
For the last two years, the economic development corporation for the Winnebago Tribe of Nebraska has been purchasing and refurbishing two abandoned buildings in the 100 block of Virginia Street
A third building on the block was recently purchased and leveled to make way for a new structure to be built sometime this year that will house 45 apartment units and retail space.
An additional building at 101 Court St. was purchased in early December to became the fourth property added to Virginia Square.
Ho-Chunk chief investment officer Dennis Johnson said they are still determining a plan of action for the Court Street property, but noted for now it provides additional parking space for its other properties in the area.
Altogether, Ho-Chunk has invested about $25 million in its attempt to replicate Omaha’s Old Market Historic District, which offers an ideal mixture of dining, residential and retail spaces in an urban setting, in downtown Sioux City.
The obvious market for Ho-Chunk's Virginia Square residential development has been young professionals, but Johnson noted the properties have also drawn the eye of empty-nesters looking to downsize their homes and have close access to downtown amenities.
The most complete structure of the four-building complex is the 100 Virginia Square building, which is a former creamery at 100 Virginia St. Standing three stories, the first floor will be occupied by Table 32, a new restaurant being developed by the Miller family, the former owners and creators of Bev’s on the River. The former riverfront restaurant was replaced by Crave, an upscale dining chain that opened on Valentine's Day.
Table 32 is expected to open this summer.
100 Virginia Square has 20 modern industrial-style apartments that are evenly split between floors two and three. Offered in one- or two-bedroom units, apartments come furnished with stainless steel kitchen appliances, a washer and dryer, access to a rooftop patio and smartphone-compatible security features.
Additionally, each unit boasts large windows that offer ample natural lighting and scenic views of downtown and the nearby Missouri River.
One-bedroom apartments run $975 a month and two bedrooms start at $1,100. About 75 percent of the units were filled by late February, Johnson said
With the exception of the forthcoming restaurant and a few other things, construction on 100 Virginia Square is just about done. Johnson noted work is about 75 percent complete on 103 Virginia Square, a five-story building that was formerly used as a cold storage facility.
103 Virginia Square also will features condos, as well as indoor parking and 4,000 square feet of retail space. Prices for the living units have not been determined yet, but they will occupy floors two and three and feature a lot of the same amenities as the apartments at 100 Virginia Square.
The one- and two-bedroom condos, which are for sale, come equipped with high-end appliances, large windows that offer scenic views of downtown, private access to a rooftop community space, modern finishes with quartz countertops and covered parking. Ho-Chunk sold its first condo in the building in December.