The City’s Building Services Division issued 269 building permits in October with a combined valuation total of more than $80.6 million, the highest permit valuation total ever recorded for the month of October in the City’s history and the fourth-highest monthly valuation total ever recorded.
October’s permit valuation total easily eclipsed the previous high valuation mark of $46.8 million recorded for October. The October total was the highest valuation total for a single month since May 2022. Last month’s valuation total has only been surpassed by the monthly valuation totals recorded in November 2019 ($123.4 million/Summit Arena as big project), May 2022 ($112.8 million/South Middle School) and January 2018 ($97.5 million/Regional Hospital-Monument Health expansion).
Paving the way last month were several permits associated with the Camden Heights Affordable Housing and Infrastructure Project. The project includes six apartment complexes with a total of 252 units and an on-site solar energy capacity facility in northeast Rapid City. The multi-facility complex will provide affordable housing for both seniors and families and will be located at 1725 Camden Drive, between East North Street and East Anamosa Street south of Rushmore Crossing. The Camden Heights apartments will be a combination of one, two, three and four-bedroom units, dedicating 51 units as affordable senior living units.
With two months left in 2024, the City’s Building Services Division has issued 2,281 permits this year with a combined valuation total of more than $342.5 million – already the fourth-highest yearly valuation total on record. This year marks the eighth year in the past nine years in which the City’s permit valuation total has surpassed the $300 million threshold.
“October’s valuation total provided a big boost in what has been a lukewarm year for activity” said City Community Development Director Vicki Fisher. “We had several projects contributing to the record month of permit activity. We will see what happens in the final two months and where we end up for the year, which could be one of the top years for valuation on record.”
A total of 13 permits were issued in October with a valuation total exceeding $1 million each. Six of the permits were issued to AR Group LLC with Elmington Construction LLC as contractor for six apartment buildings associated with the Camden Heights project. A permit with valuation of $5.6 million was issued to Pennington County with SECO Construction as contractor for the office complex renovation at 900 Concourse Drive. A permit with valuation of more than $4 million was issued to Monument Health Rapid City Hospital with RCS Construction as contractor for the urgent care facility at 2526 Elderberry Boulevard. A permit valued at more than $2.8 million was issued to WR Hospitality LLC with Scull Construction, Inc. as contractor for the WR Restaurant as 2181 Promise Road.
