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June 06, 2022

City Experiences Second-Best Month for Building Permit Valuation in City's History

CITY EXPERIENCES SECOND-BEST MONTH

FOR PERMIT VALUATION IN CITY’S HISTORY

More than $112.8 million in

permits issued in May

RAPID CITY, SD—Rapid City experienced its second-highest month ever for building permit valuation in May, issuing 337 permits with a combined total valuation of more than $112.8 million ($112,847,038).

                May’s valuation total shattered the previous record for permit valuation in the month of May, set last year when permits were valued at $44.4 million.  In addition, last month’s issuance of 337 building permits was the best month for permits issued since July 2021.

              The only month with a permit valuation total higher than last month was in November 2019 when the City issued 362 permits with a combined valuation total of $123.4 million.  In November 2019, the City issued the largest permit in the community’s history for The Monument’s Summit Arena.

              For the year, the City has issued 1,188 building permits with a combined valuation total of $228 million, the highest January-to-May total in the city’s history.  By comparison, last year’s January-to-May total stood at $174.3 million on its way to a record $393.5 million for the year in permit valuation.

               “It was a very busy month for our staff in building services last month,” said Community Development Director Vicki Fisher.  “It’s not uncommon to end each month with a handful of million-dollar plus permits but with eleven permits valued at more than one million dollars, including four that topped the five million dollar value, that’s a great month.”

               The City’s Building Services Division issued 11 permits last month with a valuation total of more than $1 million each.  Leading the way was a permit issued to the Rapid City Area School District with Scull Construction, Inc. as contractor. The permit is valued at $61 million for the new South Middle School at 2 Indiana Street.  A permit valued at $8,378,000 was issued to the Cathedral of Our Lady of Perpetual Help with Rangel Construction Company as contractor for a cathedral addition at 520 Cathedral Drive.

              A permit valued at $7.5 million was issued last month to Tallgrass Apartments II LLC for the Tallgrass Phase 2, Building 2 project with Mountaintop Construction, Inc. as contractor.  The facility will be located at 2258 E. Philadelphia Street.  A permit valued at $5,416,035 was issued to CR Lloyd Associates, Inc. with Lloyd Companies as contractor for the Heartland Heights Apartments at 413 Degeest Drive.  A permit valued at $2 million was issued to Buren Properties LLC with Complete Contracting Solutions as contractor for an addition to a facility at 7201 Mount Rushmore Road. 

             Four permits valued at $1.8 million each were issued to Johnson Ranch Apartments LLC with Select Construction as contractor for apartment buildings at 2036, 2040, 2044 and 2048 Provider Boulevard.  A permit valued at $1.2 million was issued to Enchanted LLC with Zeisler Construction LLC as contractor for an apartment building at 4805 Fifth Street.  A roofing permit valued at $1,054,223 was issued to Roth Farms LLC with Stellar Restoration Services, LLC as contractor for the facility at 2135 Dakota Craft Drive.