It’s almost unfair to compare 2017 development and investment numbers against 2016 – a banner year for building, investing and capitalizing on doing business in Lee’s Summit.
Still, the first four-plus months of 2017 have sustained a trend that continues to highlight the city as a viable area to build and expand and spotlight the Development Center that continues to focus on easing the invariable bureaucratic process.
Take residential housing, for example.
Single-family home-building trends continue to skyrocket upward, with 42 permits alone (valued at more than $13.7 million) in April and a whopping 141 permits (with valuations more than $44 million) year to date in Lee’s Summit.
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That’s more than $12 million more than in 2016.
When you factor in multi-family apartments and condos and additions and alterations, our residential numbers soar past $63 million for an additional 290 living units in 2017.
Compare that with 261 in 2016, 122 in 2015 and 70 in 2013, and the direction and investment of new housing seems pretty evident.
On the commercial side, six new permits have been added this calendar year with $6.2 million invested into those buildings. And when building improvements through additions and tenant finish projects are included, that number more than doubles to $13.3 million.
All told, the city can boast more than $82 million in residential and commercial valuation in 2017. And while that number is down from this time in 2016, many commercial projects stand out in the Development Center report.
Most notably, the Lee’s Summit Medical Center third-story, $11.5 million expansion.
Other notable new commercial includes QuikTrips on Woods Chapel Road and Missouri 150, B&B Theatres in New Longview, Bob Sight Quick Lane and PetSmart – another $8.6 million in value.
Investment into our buildings continues to show a positive pattern as well, with improvements such as a new cooler and kitchen renovation at Lee’s Summit Elementary School ($676,000), and tenant finish jobs like the new Big Biscuit at Todd George Marketplace ($315,000).
The city’s year-to-date issues permits are well over 770, the highest total since before 2012.
It’s a continued flurry of activity at City Hall, where Mayor Randy Rhoads singled out the residential and tenant finish numbers as positive aspects so far in 2017.
“Construction activity is remaining strong, with a particular increase in single family home and tenant finish permit issuance through the first quarter,” he said. “This is another great indication that people and businesses are investing in the Lee’s Summit.”
As land is prepared and developed for new commercial projects off Chipman Road (Townsend), off Independence Avenue and around highways 291/50 (The Grove, Pine Tree Plaza) you can just about take to the bank a promise that more projects, buildings, businesses and investment will find their way to Lee’s Summit.