In North Dakota’s booming Bakken, Swiss firm Stropiq is planning a $500 million, 219-acre complex called Williston Crossing.
It’ll include one million square feet of retail stores, entertainment, office and hotel space and residential plots.
Ground breaking is set for March 2015 and completion for April 2017.
Stropiq is already developing a 93-unit apartment complex in Williston, set to open in July, the International Business Times said.
Singapore’s Barons Group of Cos. is developing a $300 million project in Dickinson, about a hundred thirty miles south of Williston.
“Barons Vista would include a mall, four-star hotel, spa, offices and condos,” the report said.
Barons’ other projects are a long way from North Dakota. They include luxury residences in Malaysia and five-star resorts in Indonesia and the Philippines.
Turkish company Serka Services (a subsidiary of Istanbul-based Adali Holding) is planning a $26 million Fuddruckers restaurant and a 102-room hotel in Williston.
The permanent population of Williston and six surrounding townships grew by about 20 percent from the 2010 U.S. Census to 2012, according to researchers at North Dakota State University, the International Business Times said.
The researchers think that by 2017, the population will grow by 61 percent for full-time permanent residents and by 134 percent including transient residents.
“SelectUSA, a government foreign investment initiative, said North Dakota has attracted at least 31 publicly announced foreign investment projects since 2003 worth $1.04 billion,” the International Business Times said.