Floyd Simunek wants to wait until the first shovel of dirt is turned on a new housing development before he changes his job title.
“I will not call myself a developer until we officially break ground on this project,” said Simunek, who along with his wife, Kelly, owns Bella Vista, LLC, a development firm in Rapid City.
That change will happen soon, when construction is slated to start later this spring on the Simuneks' first big project in southern Rapid City.
Their Bella Vista Estates will consist of 18 lots on 10 acres for upscale homes in an area boasting a stunning view of the Black Hills overlooking Sheridan Lake Road and with a sightline extended as far north as Summerset.
“The views from this development are insane,” said Floyd Simunek.
This project is located west of Black Hills Corporation’s new headquarters complex, Horizon Point, near the intersection of Mount Rushmore Road and Catron Boulevard.
Simunek said Bella Vista Estates will offer convenience to the amenities of south Rapid City, restaurants and shopping along newly rebuilt Mount Rushmore Road and the nearby expansion of Buffalo Crossing, where professional, retail and residential development are underway.
“The convenience factor of this location is quite high, but with the privacy level of not having that through-traffic and having to stare at all that development. You look away to the west, which is quite unique,” Simunek said.
Homes in the new development will start in the $600,000 range, he said. Plans will include a 3/4–mile round-trip jogging, walking, and exercise trail fronting an 8-acre area that the city is retaining for drainage. Simunek is treating the area like a nature preserve where no homes will be built.
The project will start with the construction of a paved access road with curb-and-gutter and including utilities for the new development.
Unlike other projects relying on municipal assistance, like tax increment financing, to help with utilities, Simunek said he is footing the bill for the access road, to be built along with a Catron Boulevard widening project.
“I’m a small-time developer, and I’m paying for 850 feet of curb and gutter street just to get to my property, with no benefit of a TIF,” Simunek said. "We're proud of that."
Preliminary paperwork was completed this week and Simunek is ready to start moving earth.
“We’re to the point of being ready to go full-bore on the infrastructure. I’m waiting tor that moment to call myself a developer,” Simunek said.