One of Downtown Sioux Falls’ largest buildings now has a new owner. Cresten Capital Holdings purchased Shriver’s Square last week for $6.7 million, one of several Phillips Avenue properties the investment firm has purchased in just five years.
“We’ve grown pretty quickly; we’re movers and shakers if you will,” Cresten Capital Holdings Partner Erica Mullaly said.
Cresten Capital Holdings, founded by Z Wireless Entrepreneur Kevin Tupy, first came to Phillips Avenue in 2017 with the purchase of the Beach Pay building, the home of 605 Running Company, The Hello Hi and Urban Archaeology, along with Cresten Capital Holdings headquarters.
“It’s the oldest standing building in downtown Sioux Falls, it was built in 1887,” Mullaly said. “So just really when you’re renovating and purchasing and digging into the history of these things, it’s so cool. It needs to be revitalized and brought back to life.”
That’s exactly what Cresten Capital has in mind for its recent purchase of the historic Shriver’s Square.