Alliance Management Group announced the opening of the first of three new apartments to address the need for workforce housing in the Watertown community.
This spring, Alliance Management Group broke ground on a new development located in northwest Watertown called The Plains. Each new building will consist of 72 units along with a clubhouse. The second and third buildings are expected to open in late summer 2023.
"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.
"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," added Commissioner Steve Westra.
"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."
"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.
Categories: South Dakota, General