Archive for Wednesday, September 8, 1993

CONSTRUCTION VALUE PEGGED AT $5.1 MILLION

September 8, 1993

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A steady stream of new construction put the total valuation of building permits issued in August at $5,101,848, the city building inspector's office said in its monthly report.

That's typical for a healthy construction market this time of year, said Gene Shaughnessy, the city's chief building inspector. In August 1992, the total valuation was $4,057,129. Valuation is the estimated cost of construction exclusive of land costs.

This year, August construction activity was paced by 19 permits for new single-family homes. That total matches this year's previous low for new one-family home permits issued during a month, which occurred in January. This year the monthly total of new one-family home permits has ranged as high as the 61 issued in March.

Shaughnessy said the slowdown in residential permit applications during August didn't mean that home builders were hanging up their hammers for the year.

``It's a cyclical type thing,'' he said. ``One would think that going into the winter months things would slow down but that's not always the case.''

For one thing, Shaughnessy said he expected contractors to begin building for the spring market in a month or two.

The August building permit report also included two new commercial projects.

One of the permits, with a valuation of $1,208,000, is for Parkway Professional Plaza, a medical office complex that is being built at 3510 Clinton Parkway Plaza, near the intersection of Clinton Parkway and Kasold Drive. The complex, will be owed by LMB Corp., an investor group comprising physicians who will be tenants, will consist of two buildings, one with nearly 30,000 square feet and another one-third that size.

The other commercial project is for a new veterinary clinic being built at 3210 Clinton Parkway Ct. The clinic is being built by Jim Kraft, whose Lawrence Veterinary Hospital currently is located at 1104 W. 23rd. That permit carried a valuation of $200,000.

Shaughnessy said he expects the monthly permit valuation for September to soar after he writes permits for new school construction projects. The building inspection staff currently is reviewing plans for the new India School and the new southwest elementary and junior high schools.

Shaughnessy said he didn't know what the valuation on new school construction would total. A school bond issue approved by voters earmarked $16.3 million for the costs, including construction, related to those projects.

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