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Energy Vista | 11/15/2011

It`s no secret that even during tough economic times, North Dakota`s economy is humming right along -- and in many cases, business is booming. In tonight`s Inside Business, a new development on the north edge of Bismarck.

As anyone who has recently driven in north Bismarck can attest, there is a tremendous amount of new energy along the Highway 83 corridor.

From new homes to hotels to office buildings, developers are taking advantage of the availability of raw land to capitalize on Bismarck`s growth.

One new project, Energy Vista, exists only on paper right now, but when it is completed, tenants will enjoy wide open views of the North Dakota prairie and the capital city.

The $6 million project is being developed by Bismarck natives Harvey and Diane Schilling and their children, Cary Schilling, Annette Schilling and Dawn Bolstad.

"I`m very excited. I brought this idea to my family several months ago, and we wanted to create a landmark on that site for Bismarck," said Cary Schilling, president of Energy Vista.

The five-story building at the intersection of Highway 83 and 43rd Avenue will provide 35,000 square feet of office space, three residential executive suites on the top floor, and heated underground parking.

"The response has been nothing but positive. We don`t have a whole lot of Class A building options here in Bismarck quite yet, so we feel like we`re on the cutting edge of that, that we`re at the starting point," said Annette Schilling with Energy Vista.

Cary Schilling said, "We`ve had a very favorable response, we`re very excited about the level of interest."

The project is expected to break ground in the spring of 2012 and be completed by spring of 2013. The Schillings say that if enough interest is there, a second phase is possible at Energy Vista.

"Every area is affected by the energy industry right now, and we felt that that was a very appropriate name," said Annette Schilling. "We`re excited about where it can develop and where it can grow."

Next week, Jim Christianson tells us about a unique technology business cleverly hidden in a historic Bismarck building. You can reach Jim at facebook.com/jimchristiansoninsidebusiness.