Young & Richards to Close After Over 70 Years in Sioux Falls Young & Richards in downtown Sioux Falls will close its doors as owners Cindy and Jerry Palleschi (Sr.) head into retirement. The flower shop has been a downtown Sioux Falls staple since it opened in 1947 on the corner of 11th and Main. The Palleschis purchased the business in 2009 and moved it from its 11th and Main location to a more walk-in friendly location on Phillips Avenue in 2011. “We became empty nesters and had a great opportunity to purchase the building and live above the new location,” said Cindy. “Putting Young & Richards on the busy and growing Phillips Avenue, the walk-in business significantly improved our store and allowed us to expand our services.”