BUILDING PERMIT VALUATION:
City Ends 2021 Just Shy of $400 Million,
Aided by Second-Best December on Record
City Issues 15 Permit in 2021 s w/Valuations
Over $4 million Each
RAPID CITY, SD—Rapid City had its highest building permit valuation total on record in 2021, finishing the calendar year with the second-best December valuation total ever and ending just shy of $400 million in total overall permit valuation.
For the year, the City’s Building Services Division issued 4,166 building permits with a valuation total of $393.58 million ($393,581,999). The valuation total shattered the previous yearly valuation total of $330.16 million ($330,164,418) set in 2019. The 4,166 permits issued were the sixth highest number issued by the City since 2000.
In December, the City issued 256 building permits with a valuation total of $31.45 million ($31,459,677). It is the second-best valuation total for a month of December on record, surpassed only by the $41.34 million valuation total produced in the last month of 2017.
“It was a very busy year,” said City Community Development Director Vicki Fisher. “There were projects springing up throughout the community in 2021, especially in the development of single family homes and apartment complexes. Rapid City’s population is increasing, more people are coming to the area and everyone is working and pushing towards the development of needed housing to meet ever-increasing demand.
“We are hopeful for a solid year in 2022.”
The year’s record total for permit valuation was anchored by three individual months of best-ever valuation totals in April, May and October; December’s second-best total; and the third best permit valuation total ever recorded for a September and November month.
The City issued 263 building permits for single family detached homes – the highest in the classification since 2005 – with a record valuation of $73.88 million ($73,889,807). The issuance of permits for 51 three and four family buildings was the highest number since 2005 and permits issued for five or more family unit buildings reached a record high of 768 in 2021, snapping last year’s mark of 715 permits in the construction classification. The two-year total of 1,483 permits for five or more family apartment buildings eclipses the previous two-year mark in the construction classification of 633 permits issued in the 2012-13 period.
The City issued six permits in December with a valuation total of more than one million dollars: topping the list was a permit valued at nearly $8.2 million ($8,199,432) issued to CR Lloyd Associates Inc. for a 72-unit apartment complex at 5053 Shelby Avenue. Two permits valued at nearly $4.1 million ($4,099,716) each were issued to CR Lloyd Associates, Inc. for 36-unit apartment complexes at 5011 Shelby Avenue and 5031 Shelby Avenue. Lloyd Construction Company is the contractor for the three projects.
A building permit valued at $1.82 million ($1,822,638) was issued to Monument Health Rapid City Hospital with RCS Construction as contractor for alterations of the neurosurgery unit at 677 Cathedral Drive. A permit valued at more than $1.1 million ($1,115,000) was issued to MG Oil Company with Gustafson Builders as contractor for alterations at the 707 Mountain View Road facility. A permit for a new single family dwelling with attached garage valued at just over $1 million ($1,007,729) was issued with Parker Construction as contractor.
For the year, the City issued 15 permits, each with a valuation of $4 million or more. Here are the top 15 permits issued by the City’s Building Services Division in 2021:
8/9) Jim Street Apartments ($5.9 million each): Permits issued to Creekside Heights Apartments LLC with Paradigm Construction LLC as contractor for two 58-unit apartment buildings at 3281 Jim Street and 3257 Jim Street
10) Pennington County ($5.3 million): A permit issued to Pennington County with RCS Construction as contractor for the crisis stabilization unit at 308 Quincy Street
11) Wausau Addition ($4.9 million): Permit to Wausau Supply Company with JMC Inc. as contractor for the addition at 3356 Dyess Avenue
12) Jaffa Garden Apartments ($4.66 million): A permit issued to Acquisition Group IV LLC with Bestgen Modular as contractor for a 42-unit complex at 3200 Jaffa Garden Way
13) Circle K/Holiday Store ($4.6 million): A permit issued to Double RF Development Company with Scull Construction Inc. as contractor, for the Circle K/Holiday convenience store at 2460 W. Chicago Street
14) Heartland Heights Apartments ($4.43 million): A permit issued to CR Lloyd Associates with Lloyd Construction Company as contractor for Heartland Heights Apartments at 427 Degeest Drive
15) Monument Health Alterations ($4.3 million): Monument Health Rapid City with Layton Construction Company as contractor was issued a permit for second floor alterations