H+U’s AIMS project featured in Finance & Commerce: St. Paul C-I permit activity soars in June

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.

Read the full article by clicking here.

Latest News: