Ho-Chunk Capital Breaks Ground on Newest Addition to $75M Urban Neighborhood

South Sioux City Mayor Rod Koch said the community is “blessed” that Ho-Chunk, Inc. President and CEO Lance Morgan (right) “continues to have confidence in South Sioux City as well as in Siouxland.” (Photo courtesy Ho-Chunk, Inc. Facebook)

Ho-Chunk Capital’s $75 million Flatwater Crossing project started in 2018, and last week the Winnebago Tribe’s real estate investment and management company broke ground on the latest addition to its growing master-planned residential community. On October 19, ceremonial shovels dug into dirt to mark the beginning of construction on Flatwater 367, the newest building to feature 43 apartments and 6,700 square feet of commercial space. The $10 million Flatwater 367 building, slated for a 2021 completion, is another significant facet of Flatwater Crossing, an urban neighborhood that covers 200 acres along the Missouri River in South Sioux City, Nebraska. 

Flatwater Crossing currently encapsulates one mixed-use building that’s already been completed, plus several single-family homes, a park and a townhouse complex. Flatwater Crossing’s walkable neighborhoods offer scenic views, trails, greenways and public plazas. The focus is a sense of community, says Ho-Chunk, Inc. Chief Investment Officer Dennis Johnson. (Ho-Chunk Capital is a subsidiary of Ho-Chunk, Inc. the Winnebago Tribe of Nebraska’s economic development corporation.) 

Ample green space and gathering areas will allow for “concerts, farmers markets, community gatherings and get-togethers,” Dennis told Siouxland Proud

On October 19, Ho-Chunk Capital broke earth to mark the beginning of construction on Flatwater 367, the newest building within Flatwater Crossing to feature 43 apartments and 6,700 square feet of commercial space. (Photo courtesy Ho-Chunk, Inc. Facebook)

The $75 million Flatwater Crossing project is scheduled for three phases of construction over the next 20 years. 

South Sioux City Mayor Rod Koch said the community is “blessed” that Ho-Chunk, Inc. President and CEO Lance Morgan “continues to have confidence in South Sioux City as well as in Siouxland.”

READ MORE: Lance Morgan: Building a Business From the Prairie to Prosperity 

Lance Morgan on Ho-Chunk, Inc.’s 25-Year History of Growth

Flatwater Crossing also serves to address the lack of affordable housing in South Sioux City. Plans include a unique mix of apartments, townhomes, cottages, village homes, standard homes and estate homes, which will add a total of 1,000 new housing units. 

“To attract business in the community… you have to have quality housing. You build it, people will come,” Koch told Siouxland Proud. 

Flatwater 367 is a $10 million building under construction (similar to the one pictured) and slated to open in 2021. It’s a key feature of the $75 million Flatwater Crossing urban neighborhood in South Sioux City, Nebraska. (Photo courtesy Ho-Chunk, Inc. Facebook)

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