Business assignments took a greater hit and did not get better with greater building afterwards in the yr. As a result of 2020, just 48 professional permits have been issued. In 2019, 62 industrial permits went out, in what had been a constant enhance 12 months soon after yr.
Last 12 months, most commercial assignments had been for alterations to existing properties. There have been far fewer multimillion greenback initiatives and new industrial structures, in a reflection of how a lot the financial system was influenced by the coronavirus shutdown. There had been only five new builds, and two have been for the City of Queensbury. The town created a new highway garage and a next freeway creating.
In the top 5 most pricey projects, 4 ended up for nonprofits:
- Renovations at 409 Dix Ave. for the South Queensbury Volunteer Fireplace Corporation, $11.9 million for 11,722 square toes
New industrial creating (a highway garage) at 742 Bay Road for the City of Queensbury, $3 million for 28,555 square ft
Renovations at 677 Glen St. for the Rate Chopper, $2.4 million for 67,850 square ft
New business office at 160 Aviation Road for United Cerebral Palsy Association of the Tri-Counties, $1 million for 5,294 square ft
But house rates did not seem to be affected by the pandemic. The top new property was a lot more than two times as high-priced as the best residence of 2019. It was 12 Shore Acres Street, at $2 million for 8,345 square feet. In 2019, the most costly new property was a 3,077-sq.-foot residence on Grand Watch Push for $903,000.