City Shatters April Permit Valuation Record

CITY SHATTERS APRIL PERMIT VALUATION RECORD

Valuation total for month tops $55 million;

Second-highest # of permits issued for April

RAPID CITY, SD—It was another record-setting month for the City’s Building Services Division in April.

            The City issued 559 building permits in April for a valuation total of $55,054,531.  The valuation total was the highest ever for the City for the fourth month of the calendar year, shattering the previous April valuation mark of $40.3 million set in 2012.  Last month’s permit total was the second-most permits issued in the month of April in the City’s history. The only April with more City permits issued was in 2014 when 750 permits were handed out.

            The City issued seven permits last month with a valuation of more than one million dollars each, including a pair of permits with a combined value of $32 million.  The two top permits were issued to The Monument ($19.35 million) and to Security First Bank ($12.85 million).

            April’s activity far outpaces the numbers from a year ago, producing more than double the permits issued and more than five times the valuation totals.  In April 2020 – the first full month of impacts from the COVID-19 pandemic – the City issued 262 permits with a valuation of $10.74 million.

            For the first four months of 2021, the City has issued 1,436 building permits with a combined valuation of $129,867,846.  The January to April valuation total is second only to the $178,733,587 valuation amount from January to April of 2018 – which was anchored in that period by a $92.5 million permit issued to Monument Health, then known as Rapid City Regional Hospital, for phase two expansion of the hospital facility.

            “Rapid City is growing,” said Vicki Fisher, director of the City’s Community Development Department. “April was a robust month for the issuance of permits and those permits represent a lot of work being done by various sectors of our Rapid City economy – builders, electricians, welders, painters and others.  The building numbers for 2021 remain solid to this point.”

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The top-valued permits issued in April include:

*CANCER CARE ADDITION: A permit issued to Monument Health valued at $19.35 million for the Cancer Care addition at 353 Fairmont Boulevard.

*SECURITY FIRST BANK:  A permit issued to Security Fire Bank for its facility at 1919 Hope Court. The permit is valued at $12,854,321.

*DAKOTA MARKET SQUARE/PHASE 2: A permit valued at $2,143,300 was issued to Community Enhancement LLC for the Dakota Market Square Phase 2 at 1001 E. North Street.

*SOUTH DAKOTA MULTI-AGENCY: A footing and foundation permit valued at $2,120,629 was issued last month to Sharaf 6 Properties LLC for footings and foundation for the South Dakota Multi-Agency facility at 221 Mall Drive.

*CAR WASH/DEMO: A permit for a car wash and demolition of the existing car wash facility was issued to Moyle Petroleum Company for the facility at 2630 Mount Rushmore Road. The permit is valued at $1,295,000.

*HAIL CANOPY: A permit issued to MK Land LLC for a hail canopy at 2010 E. Mall Drive. The permit is valued at $1.2 million

*DOLLAR GENERAL: A permit valued at $1,123,213 issued to Rapid City 20846 LLC for the Dollar General facility at 3402 Haines Avenue.