Residential construction at 10-year high
Residential construction in Forsyth County set a 10-year quarterly high with $125 million in permit value. This reflects permits for 321 single-family dwellings and 594 multifamily units. Nonresidential construction, which hit its 10-year high last quarter, was $98 million for the third quarter.
Development downtown accounts for $75 million in construction value this quarter, including the $51.7 million for Link at Innovation Quarter, which has multifamily units and retail space; $7.1 million renovations transforming the Pepper Building into a hotel; and $6.5 million in renovations at the Bailey Power Plant in Innovation Quarter.
Planning Director Paul Norby told county commissioners at a briefing last week that he expects the trend to continue.
“I wouldn’t be surprised to see this year being a big record setting year,” he said.
