Sioux Falls building permits continue to topple records thanks to Cherapa place, apartments

Trent Abrego, Sioux Falls Argus Leader
·3 min read
Construction advances on the Cherapa II building on Thursday, June 30, 2022, in Sioux Falls.
Construction advances on the Cherapa II building on Thursday, June 30, 2022, in Sioux Falls.

Building permit data continues to smash records, with the total value of permits issued hitting $1.77 billion – a 93.2% increase compared to last year at the same time, according to data from the City of Sioux Falls.

The City of Sioux Falls hit $1 billion in permit valuation for the first time ever in November 2021, and the city had already passed $1 billion for 2022 in July. As of the end of October, over 10,300 building permits have been issued, up from last year's October total of 6,384.

Here's a breakdown of this year's building permits to date. The following data are taken from the City of Sioux Falls.

Total value of permits issued

  • New Residential, $231.6 million (down from $272.2 million in October 2021)

  • Residential Addition and Remodel, $123.6 million (up from last year's $61.5 million)

  • New Commercial, $1.09 million (up from last year's $343.8 million)

  • Commercial Addition and Remodel, $326 million (up from last year's $240.3 million)

More:How did Sioux Falls land a Canopy by Hilton? Persistence and the lure of downtown.

New commercial permits topped $1.09 billion in updated numbers from October. That's up from last year's $343.8 million from the same time, and that's not the only area where the city is seeing an increase.

Other commercial areas--such as strip malls, hotels and restaurants--have also seen a dramatic increase, with numbers indicating more than $305 million spent, compared to last October's $36 million. Office, institutional and educational commercial buildings have also increased to $228.2 million – up from $43.3 million in October 2021.

Top 10 projects this year

  1. Water Reclamation Facility, $170.5 million

  2. Sanford Surgical Tower Expansion, $90 million

  3. Airport Parking Ramp, $62.6 million

  4. Cherapa II, $49.5 million

  5. Canopy by Hilton, $46.9 million

  6. Cherapa IV, $45.3 million

  7. Alloy One Storage Warehouse, $45 million

  8. Powderhaus Apartments, $43.8 million

  9. Sage Meadow Apartments and Townhomes, $42.9 million

  10. Sanford Parking Ramp and Office, $41 million

Construction advances on the Sioux Steel District on Thursday, June 30, 2022, in Sioux Falls.
Construction advances on the Sioux Steel District on Thursday, June 30, 2022, in Sioux Falls.

Apartments top the new commercial building permits with a valuation of over $470.8 million. That has been highlighted by bigger projects, such as Cherapa Place.

Top apartment projects

  1. Cherapa IV, $45.3 million

  2. Cherapa III, $37.69 million

  3. Sage Meadow Apartments and Townhomes, $35 million

  4. Sioux Steel Parking Ramp, $20.9 million

  5. Parkwood Apartments, $17.5 million

  6. The Blu Lake, $17 million

  7. Millstone Apartments, $15.1 million

  8. Stadium Crossing Apartments, $10.5 million

  9. Powderhaus Apartments, $9.68 million

  10. Powderhaus Apartments, $9.68 million

While new commercial numbers continue to surpass records, the number of single-family units is lower than last year at 612, down from 782 in October 2021. But, there has been a sharp 104% increase in multiple-family units, with 3,255 planned in the city.

There have also been 74 manufactured new housing placements, up from 49 last year.

New Residential

  • Single-Family units, 612 (down from last October's 782)

  • Duplex units, 0 (down from 4)

  • Townhome units, 388 (down from 414)

  • Multiple Family Units, 3,255 (up from 1,595).

This article originally appeared on Sioux Falls Argus Leader: Sioux Falls building permits break records thanks to Cherapa place