Some people still think of it as a department store.
Others remember back to when it held a food court.
For others, the name is synonymous with the late developer Don Dunham Jr. or holiday memories of seeing Santa Claus.
Shriver Square is writing its next chapter, though, and it’s shaping up to be a story of small businesses.
The second floor office level that used to hold multiple office suites for The Dunham Company now is becoming home to an eclectic group of small businesses, and other entrepreneurs have moved into third floor spaces.
“I wanted to diversify the tenants to give it a good mix of people that could come in here and work together, because you are so close to each other and see each other a lot,” building co-owner Tim Karels said. “That’s what we’re hoping for and that’s what we’ve got so far.”
The six-story building, which was built as a department store in 1918, was purchased by the investor group Falls Real Estate in 2014.
First floor tenants include Cookie Jar Eatery, Chef Dominique’s Catering & Banquet Facility and Downtown Sioux Falls Inc.
The upper three floors are fully occupied loft apartments with a waiting list of residents. Karels, who lived in the building in 2012, said its appeal as an investment was its location.
“We just want to clean it up, slowly modernize it and basically take advantage of the location,” he said. “We want to do more with the open area that’s out there.”
Office space on second and third floors has taken some time to fill, but it’s down to one vacancy on the third floor.
“When office tenants are interested in a downtown space, this is a building they certainly consider,” said Reggie Kuipers, a partner in Bender Commercial Real Estate Services, who handles leasing for Shriver Square.
“Because it’s at the epicenter of the energy downtown, the core of downtown, and I think there’s a reason the second floor has evolved into the hipster floor.”