Fairmont issued 35 commercial permits in 2017, closely following suit of the 41 issued the year prior. The total value of commercial building permits in 2016 was $6,000,000 and $5,200,000 in 2017, indicating continued growth. The current trend is signaling 2018 as another strong year of commercial development.
Most Valuable Permits in 2016
|Gold Cross||800 Medical Drive||$1,200,000||New Ambulance Facility|
|Ingleside||2811 Roland Ave||$2,112,000||Addition|
|Mayo Clinic Health Systems||800 Medical Drive||$586,000||Pharmacy Remodel|
Most Valuable Permits in 2017
|Fairmont Realty Group, LLC||First Street and Prairie Ave||$931,000||Townhomes|
|Zierke Built Manufacturing||1500 Winnebago Ave||$580,000||Building Renovation|
|Fairmont Foods||905 E 4th Street||$3,000,000||Expansion|
Most Valuable Permits in 2018
|McDonalds||2217 State Street North||$1,600,000||Demolition & Complete Rebuild|
|MidAmerica Distributing||1215 State Street North||$818,938||Remodel for Tractor Supply|
|Hawkins Chevrolet||1411 E Blue Earth Ave||$750,000||New Auto Body Shop|
Source: Fairmont Building Permit Reports
*These values represent the investment in property/building improvements only. They do not represent total investment with regards to machinery, equipment, etc.
In 2018, the City issued 283 residential permits which is right in line with 2017 when 284 residential permits were issued. When examining the past three years, residential permits are being pulled for larger projects, such as new builds, or major additions or alterations compared to maintenance permits like roofing, windows/doors and siding. New residential, single family home construction activity has doubled compared to just a few short years ago. Commercial
Fairmont issued 40 commercial building permits in 2018 which is 5 more than we saw in 2017, and closely following suit of the 41 issued in 2016. The total value of commercial building permits in 2016 was $6,000,000, $5,200,000 in 2017, and $4,750,000 in 2018, indicating continued growth. City staff anticipates that 2019 could be the strongest year since 2016 when considering building projects since a number of businesses are planning to make considerable investments.
New Industrial Park Development
FEDA obtained a real estate purchase option for a 38-acre parcel of bare developable land at the intersection of Bixby Road and I-90. This site provides maximum accessibility and visibility to Interstate 90. In 2018, FEDA negotiated and executed easements and completed the preliminary infrastructure engineering which allows the risk of project complications to be reduced drastically. The City of Fairmont will submit a grant application in 2019 to help with actual infrastructure costs as the next step to certify the site shovel ready.