Building permits for a pair of apartment buildings at 39 Van Slyke Way accounted for $15.6 million of the $22 million in work approved by the City of Red Deer last month. The project by Highstreet Ventures Inc. is being built by Traine Construction Ltd.

Building permits for a pair of apartment buildings at 39 Van Slyke Way accounted for $15.6 million of the $22 million in work approved by the City of Red Deer last month. The project by Highstreet Ventures Inc. is being built by Traine Construction Ltd.

March building permits strong

Approvals for a pair of apartment buildings in Red Deer’s Vanier East neighbourhood helped boost the city’s March building permit values past the $22-million mark.

Approvals for a pair of apartment buildings in Red Deer’s Vanier East neighbourhood helped boost the city’s March building permit values past the $22-million mark.

Permits were issued to Traine Construction Ltd. for a 72-unit apartment building and a 64-unit apartment building at 39 Van Slyke Way. These were valued at $9.1 million and $6.5 million respectively, with a permit for a related $71,000 amenities building also approved.

These permits accounted for three-quarters of the $21.3 million in residential work authorized by Red Deer’s Inspections and Licensing Department during March. Permits in the commercial category added $670,000 and industrial permits $70,000, for a total of $22 million for the month.

This tally was up sharply from March 2014, when the city issued building permits for $15.4 million in work. That figure included $10.2 million in the residential category, $1.5 million for commercial work, $3.6 million for industrial construction and renovations, and just over $100,000 for public projects.

As of the end of March this year, the city had approved $83.8 million worth of projects. That was more than double the $40 million figure for the January-to-March period last year.

Residential permits have contributed $32.9 million to the 2015 total, up from $29.7 million, while commercial values have increased to $3.5 million from $2.8 million, and the figure for industrial permits has climbed to $13.3 million from $7.2 million. The biggest change has come in the public category, where a $28-million permit for the Red Deer Regional Hospital Centre parkade in February and a $5.2-million permit in January for renovations to Annie L. Gaetz School helped push the three-month total to $34.2 million, as compared with $134,000 for the same period last year.

The Vanier East apartment buildings approved last month are among four apartment buildings at the site that received a green light from Red Deer’s municipal planning commission nearly a year ago. At that time, developer Highstreet Ventures Inc. of Kelowna indicated that the four structures would contain a total of 232 apartment units.

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