July 11, 2016 - 4:30 PM
VERNON - Construction is on the rise as the number of building permits issued in the City of Vernon have more than doubled since this time last year.
The city issued $88.8 million in building permits this year, compared to $44.3 million from this time last year, says the quarterly update on Economic Development and Tourism activity, released today, July 11.
“This is shaping up to be one of the strongest years on record, especially in the residential sector where we have seen 386 new units started this year,” manager of economic development and tourism Kevin Poole says in a media release. “We are just halfway through the year and housing starts are already third highest on record.”
The most noticeable shift from 2016 and 2015 is the type of building that is taking place. Commercial building is up $15.8 million, institutional is up $20 million, and residential building is up $8.4 million, according to the quarterly update.
The following are listed as major projects in the media release:
- The Hamlets at Vernon (Phase 1, 3050 29 Ave) $20 million
- Regency retirement (150 Units, 1800 58 Ave) $18 million
- N&T Properties (86 Units at 2501 48 Ave) $12 million
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