Rochester Sees Surge in Multi-Family Housing Projects
Rochester, MN (KROC AM News) - There was a slowdown in the construction of new homes in Rochester last month, but the city experienced an explosion in the development of new multi-family housing projects.
The City Building Safety Department issued 29 permits for new single-family homes in July. That’s down from the 48 permits approved in June and is around 10 below the permit totals for the month of July during the previous three years.
The single-family home total was also dwarfed by the number of multi-family units approved by the city. Developers were issued permits to construct 376 units valued at over $41-million dollars last month. 220 of the multi-family units are for a project along 28th street southeast next to Shoppes on Maine, and almost 100 units are being built east of Highway 52 and north of the 65th street interchange.
Overall, the city approved 260 building permits worth over $65-million dollars in July. The total valuation through July is only $60 million below the overall number for all of last year.