New complex pushes permits to $17M in July
Approval for the final phase of Medican’s Sierra Michener Hill complex helped push the City of Red Deer’s building permit tally for July to just under $18 million.
The 56-unit condominium, which will join 52-unit and 40-unit phases already built by Medican next to Extendicare Canada’s assisted living facility on Michener Hill, is valued at more than $5.1 million. That made up much of the $8.9 million in residential construction work approved by the city last month.
Permits in the industrial category added another $6.5 million during July, with a release issued by the city attributing a big chunk of that figure to development in Queens Industrial Park.
Commercial projects contributed $2.6 million, and work on public buildings added $20,000.
The combined $17.9 million worth of building permits was up from $14.6 million for the same period in 2012. Last year’s total included $7.1 million in the residential category, $894,000 for industrial work, $6.5 million for commercial projects and $130,000 under the public classification.
From January to July of this year, the city issued permits for $152.9 million worth of construction work, up from $142.1 for the same seven-month period in 2012. Residential approvals increased to $82.4 million from $77.5 million, industrial permits to $31.7 million from $10.1 million and public permits to $37.5 million from $7.9 million, while the commercial total fell to $21.3 million from $46.6 million.
Sierra Michener Hill has been under construction since late 2009. In addition to the condominiums, the project consists of 38 duplex villas. Both are restricted to buyers 40 and older.