NEW: “Marketplace” project will bring mix of retail and residential space to downtown Watertown (Audio)

Photo courtesy Crestone Companies

November 5, 2021
Mike Tanner

WATERTOWN, S.D.—A groundbreaking was held Thursday afternoon on a $12 million dollar development project in downtown Watertown.

“The Marketplace” is a Crestone Companies project that will be built at the corner of Kemp Avenue and 1st Street Northwest. It will include a mix of 10,000 square feet of retail space and 60-plus apartment units.

KWAT News talked with Crestone President and CEO Eric Skott (pictured center)….

Skott explains why “The Marketplace” is a good fit downtown…

Skott says this is a consumer-driven project…

Demolition work on the construction site is underway now.

“The Marketplace” is scheduled for completion in the spring of 2023.