Featured In: Finance & Commerce
By: Brian Johnson
Aired: July 7, 2020 04:08 pm
Link: See Article
Commercial-industrial building activity is heating up in St. Paul after a rough patch during the early stages of the COVID-19 pandemic.
After a strong month of June, C-I permit activity has pushed ahead of last year as work progresses on school construction, new apartment buildings and other notable projects in the capital city.
In June, the city issued $113.85 million worth of C-I permits valued at $50,000 or more, according to a Finance & Commerce analysis of city permit data. That’s up from $56.24 million in May (102% increase) and $26.82 million (324% increase) in June 2019.
For the year through June, the city has seen $238.83 million worth of C-I permits, up 40% from the first half of 2019.
As Finance & Commerce previously reported, C-I permits tapered off in mid-March after Gov. Tim Walz ordered nonessential workers to stay home in response to the pandemic. Permits were down 52% year-over-year in April before bouncing back in May.
The biggest permit issued in June, $38 million, is for an expansion and renovation of the American Indian Magnet School (pictured above) at 1075 Third St. E. The owner is Saint Paul Public Schools and the contractor is H+U Construction.
The magnet school project includes a four-story general learning addition, an expanded cafeteria and kitchen, new administrative and event center spaces, improved learning areas, asset preservation and more, according to the Saint Paul Public Schools.
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