Airdrie’s business growth continues strong trend

February 24, 2014 / For Immediate Release

AIRDRIE, ALBERTA. The City of Airdrie saw $406 million in total construction value in 2013, up $41 million from 2012, and continued growth in business licensing.

“It was a strong year for construction growth in Airdrie,” says Pertti Harkonen, Building Inspections Team Leader. “This year it was interesting to see multi-family residential permits exceed single family home permits by 224. We’re seeing a continued diversification of the Airdrie housing market and that there are different types of consumers looking for homes.”

The number of residential permits issued was 1,772, an increase of 252 units over the previous year. Residential construction values grew to $316 million in 2013 from $258 million in 2012.

Commercial and industrial construction permit values also increased substantially, totaling $76 million, up from $45.5 million in 2012. The total number of permits was 271, which included 17 new buildings.

“It was another great year for Airdrie business,” says Kent Rupert, Economic Development Team Leader. “There is a lot of confidence in the Airdrie market, evident in commercial and residential commitment to our city. Plus, there were some exciting new project that began construction.”

Major new developments – estimated construction value

  • Treo@Airdrie, Four Apartment Buildings (299 units), Prairie Springs, $21.3 million
  • Rogers Data Centre, Highland Park, $11.1 million
  • Hampton Inn & Suites (96 rooms), East Lake Industrial, $10.8 million
  • 13 bay warehouse (spec building), Highland Park, $10 million
  • Creekside Village, Two Apartment Buildings (118 units), Downtown, $8.6 million
  • King’s Height’s Apartments, Apartment Building (64 units), King’s Heights, $8.2 million
  • Three retail strip malls (11 bays total), Sierra Springs, $6.7 millionMotel 6 (80 rooms), Gateway Commerce Centre, $4.5 million
  • Warehouse addition, Highland Park, $3.7 million
  • Three retail strip malls, Bayside Village, $3.6 million
  • Three bay commercial building featuring Mattress Mattress, Sierra Springs, $1.7 million
  • Michaels store, Sierra Springs, $1.0 million

Major local expansions - estimated construction value

  • United Safety additional building, East Lake Industrial, $3.5 million
  • City of Airdrie RCMP/Municipal Enforcement facility second floor renovation, Highland Park, $1.4 million
  • Magic Mountain Daycare Expansion, Kingsview Industrial, $1.0 million

Business license growth continued, with more than 3,180 businesses acquiring licenses in 2013. Business satisfaction in Airdrie is high, with 89% of businesses saying “Airdrie is a “good,” “very good” or “excellent” place to do business, according to the 2013 City of Airdrie Business Satisfaction Survey.

For more 2013 statistics, visit Stats & Facts on airdrie.ca or view the 2013 Census Fact Sheets.

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Media contact:

Kent Rupert
Team Leader, Economic Development
403.948.8800 ext. 8738

 

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