Elevate Rapid City joined Fifth Park Place, LLC to celebrate the completion of a new mixed-use development at 4908 5th Street. The ribbon cutting marked a significant addition to south Rapid City, bringing new housing options alongside space for local businesses.

The 206,000-square-foot project includes two buildings with 132 apartment units, commercial space, an underground parking garage, and shared outdoor areas designed for residents to gather. The development is expected to open in June 2026, with leasing already underway.

For the team behind Fifth Park Place, the project reflects a long-term belief in the Rapid City community.

“We are proud to be a part of the Rapid City business community for a variety of reasons,” shared TJ Wojtanowicz. “We have watched Rapid City grow over many years. It’s because of the dedication and hard work of this community. Our Rapid City community is better every day because of these businesses and their owners. It’s exciting to watch and be a part of the growth.”

The ribbon cutting offered a first look at the space ahead of opening. Move-ins are expected to begin June 1, 2026. Those interested in leasing can contact jtsleasing@gmail.com or call 605.863.1920 for more information.

Projects like Fifth Park Place continue to expand housing options and create room for businesses to grow. As development continues across the region, investments like this play a role in supporting a strong local economy and a community people want to be part of.