Downtown Rapid City is home to coffee shops, restaurants, and breweries. You don’t have to go far to find live performances or local artwork. “Downtown is both the heart and soul of any community,” says Tom Johnson, president and CEO of Elevate Rapid City.

And any moment now, nearly 100 keys will be turning as tenants move into the first large-scale housing project in downtown Rapid City, the beginning of a new chapter.

The Elements, located at 100 St. Joseph Street, is a four-story, mixed-use building with 99 Class A residential units and over 23,000 square feet of first-floor commercial space. The building also features 75 dedicated underground parking spaces for residential tenants and an additional 57 surface parking spaces.

Legacy Development is the developer for The Elements. It has long been a Sioux Falls-based company but saw the opportunity to expand into the Rapid City Market. “Rapid City has been underserved for a long time, particularly with respect to housing and development in the urban core,” said Chase Wood, commercial broker for The Elements. “The market is strong and the community grows and advances by the day. We saw the opportunity to serve the community and advance the built environment, which helps snowball further development. It's a compounding effect that progresses the community as a whole.”

Wood’s primary role with Legacy focuses on investment sales and consulting to identify new opportunities for continual growth. Wood said they are “excited to add to the vibrancy and overall efficacy of downtown Rapid City.”

“The Elements will provide a focal point in the downtown core that will teem with activity,” he added. “Residential tenants will call downtown home, shop and dine at downtown establishments, and create a pedestrian environment which is so crucial to the growth and economic and cultural prosperity of the downtown core.”

Commercial Space

Nearly 70% of the first-floor commercial space has been leased, with businesses moving in shortly after the residential opening in October. The Pack Mule is an urban grocer and provision store where people will be able to purchase and enjoy just about anything you want. “If you want anything from fresh, local meat, the wide variety of high-quality items sold at Dakota Seafood, a fresh croissant, a nice bottle of wine (or case), and a very unique experience, The Pack Mule will provide all of this and more,” Wood described. Creative Surfaces will also be located at The Elements. Offering a showroom for things such as Cambria countertops. Legacy Developments will also be opening their Rapid City office within the building.

In the heart of downtown Rapid City, a new chapter is unfolding, and it's one that promises to reshape the cityscape for years to come. The Elements is more than just a building; it's a catalyst for a vibrant and thriving downtown community. It's a place where people will live, work, and create lasting memories. As Rapid City continues to evolve, The Elements stands as a beacon of progress, a symbol of what's possible when vision, dedication, and community spirit come together.