Construction pace double last year’s tally

The pace of construction of new homes and businesses in Sylvan Lake is more than double last year’s tally

The pace of construction of new homes and businesses in Sylvan Lake is more than double last year’s tally, according to building statistics for July which were released by the town earlier this month.

The year-to-date tally shows $39.5 million in construction value permitted, compared to almost $19.6 million in the first seven months of 2011.

July’s permit total of $4.6 million was down slightly from July of 2011 when $5.1 million in construction was permitted.

The largest permit last month was for an industrial building with second floor offices on Cuendet Industrial Way, valued at $1,113,750.

Asset Builders Corp. received a permit for a seven unit rowhouse on 44th Street which is Building 3 in the complex across from C. P. Blakely School. Value of the project was set at $996,240.

So far in 2012, permits have been issued for 88 multi-family units while in 2011 the first seven months saw just one permit for a seven unit complex.

There were also 11 permits issued for single family homes, nine of those in Ryders Ridge subdivision and two in Beacon Hill subdivision.

The total value of the 11 homes was just over $2.4 million and the construction value of the individual homes ranged from $182,160 to $248,630.

July’s total brought the year-to-date tally to 59 new homes started, compared to last year’s seven month tally of 70.

Others permits were issued for decks (4), detached garages (3), basement developments (2), and single permits for accessory building, hot tub, interior and exterior renovations and above ground pool.

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