Regina commercial projects up 64.7. per cent

Regina’s commercial projects up 64.7 per cent

Wednesday, June 3, 2015

Regina’s commercial construction activity skyrocketed in May compared to the same time last year.

Building permits were issued for projects valued at $38 million, compared with a permit value of $3 million for commercial buildings and alterations during the same period in 2014. The present total for this year is $183 million.

“Commercial construction activity to date in 2015 is up by 64.7 per cent from this time last year,” said Mayor Michael Fougere. “The business sector is a big economic engine for Regina and their confident investment will help us continue to grow.”

The asset class producing the most activity is commercial alterations, followed by commercial and institutional projects.

Permits worth more than $1 million on the latest City Hall report include a $11.9 million sewage station on Condie Road, a $4 million addition to the Regina Airport, a new automobile building on Broad Street valued at $3.6 million, a $2.9 million addition to Regina Huda School, two new restaurants worth $2.4 million, a $2.5 million office alteration on Hamilton Street and a planned group dwelling worth $1.65 million.