New construction in Sylvan Lake is trending about 30 per cent higher than a year ago, according to figures released by the town last week.
Building statistics for May indicate permits have been issued for $22.138 million in work in the first five months of the year, up 29.9 per cent from $18.470 million in the previous year’s comparative months.
Multi-family complexes account for a significant part of the increase. In May permits were issued for 33 new units, including 25 units at the marina where construction was valued at $1,305,180. The total for all the units was $2,445,475. This brings the year-to-date total for new units to 79, significantly higher than 16 units in the same period of 2013.
Permits were also issued 22 new single family homes and a manufactured home. They accounted for just over 63 per cent of the month’s total of $7.54 million. Activity is taking place in all areas of the community. Eight of the permits were for construction in Beacon Hill, seven in Ryders Ridge, three in Crestview, two in Vista in Ryders Ridge and one each in Pierview and Lakeway Landing subdivisions.
Construction value of the new single family homes ranged from $119,400 to $304,600. The homes included seven in the $150,000-$199,999 range, six in the $200,000-$249,999 range and six in the $250,000-299,999 range. Two had construction valued under $150,000 and one was over $300,000.
Permits have been issued for 41 single family homes so far this year, compared to 48 in 2013.
The only commercial activity was two permits issued for tenant improvements in Cobb’s Block Central on 50th Street, with total value at $130,000.
Other permits were issued for demolitions (6), detached garages (5), decks (4), basement development (4), interior renovations (2), a hot tub and a veranda.