CITY ISSUES THIRD MOST BUILDING PERMITS;
FIFTH-HIGHEST VALUATION MONTH SINCE 2000
RAPID CITY, SD--Construction and home repairs continued at a very solid pace in August as Rapid City issued the third-most monthly building permits with the fifth-highest monthly valuation total dating back to 2000. The City's Building Services Division issued 889 permits with a valuation total of $48,365,367.
The August numbers are much higher than a year ago when the City issued 520 building permits with a total valuation of $24,195,581. For 2020, the City has issued a total of 3,296 building permits with a total valuation of $158,415,670. For the first seven months of 2019, the City issued 2,436 permits with a valuation total of $141,282,736.
The City issued 11 permits last month with a total permit valuation in excess of $1 million each last month. Also, roofing permits remained steady with nearly 700 of the 889 issued permits applied to residential (683) roofing with a total valuation of $8.3 million.
"There was a lot of activity at City Hall in August," said City Community Development Director Ken Young. "A lot of work with home repairs, but we also were pleased with a good number of larger projects, namely permits taken out for the building of apartment complexes.
"In our previous record-setting months, there was always one major mega-project that led the way. This past month, there were a number of notable projects but it was a buildup of activity across the board."
Leading the month's activity was Samuelson Development LLC for the Tallgrass apartments at 2202 Philadelphia Street ($7.150,000); Monument Health for the hospital's fifth floor build-out at 353 Fairmont Boulevard ($4.2 million); SECO Construction for the HVAC/Electrical upgrades at Clarkson/Mountain View Health Care facility, 1015 Mountain View Drive ($3,475,000); MG Oil Company for exterior renovations at 2001 W. Main Street ($1,654,123); Muth Properties LLC for six 15-unit apartment complexes from 3369 to 3435 Jaffa Garden Way ($1.4 million each); and Dakota Star Federal Credit Union for facility work at 1636 E. St. Patrick Street ($1.2 million).
TOP MONTHS OF BUILDING PERMIT VALUATION (Since January 2000)
1) November 2019: $123,469,502 (Civic Center Arena - $111.5 million)
2) January 2018: $97,566,028 (Rapid City Regional (Monument) Health Phase II Construction - $92.5 million)
3) March 2016: $62,679,361 (Black Hills Corporation for national headquarters Horizon Point - $45.8 million)
4) August 2017: $54,847,635 (Rapid City Regional (Monument) Health expansion - $38 million)
5) AUGUST 2020: $48,365,367 (Samuelson Development's Tallgrass Apartments - $7.15 million)
Darrell W. Shoemaker | Communications Coordinator
T: 605.721.6686 | M: 605.939.8551