City Of Ankeny Sets More Construction Records In 2020

Press release from the City of Ankeny:

January 6, 2021

The City of Ankeny continues to see strong investment in commercial and residential development as it set new records in 2020. The city permitted a record amount of new investment valued at more than $400 million. Over the past seven years, the City of Ankeny has permitted more than $2.5 billion worth of projects, an average of nearly $360 million annually.
Highlights of 2020’s construction includes:

• 2020 was a record year with more than $423 million total valuation in new construction projects.
• Permits were issued for 22 new commercial buildings, with $116 million in total non-residential valuation.
• $297 million permitted in total new residential valuation, resulting in 1,178 total new residential units including:
  • 742 single family detached homes
  • 375 townhomes
  • 61 multifamily units
• Approximately $9 million in other additions, alterations and miscellaneous permits issued.
• Nearly 900 lots were platted.

“These results would be amazing in a ‘regular’ year, but the level of investment is even more impressive considering the pandemic,” said City Manager David Jones. “The development community continues to invest heavily in Ankeny, and city staff did a great job of overseeing a record year of activity under less than ideal circumstances. And, as we begin 2021, demand remains strong across all sectors.”

Ankeny saw a mix of businesses and homeowners relocating, expanding and remodeling. The City issued 3,220 total permits, the most permits issued in a calendar year, surpassing the previous high of 2,719 total permits in 2016. The city permitted 742 single family detached dwellings, which is the highest in the last 15 years and fourth highest ever.

Notable construction projects for 2020 include: Kreg Tool headquarters; Mom’s Meals office expansion, Ryan Companies supply and logistics center. Government projects permitted in 2020 include the Albaugh Family Senior Community Center and expansions at both high schools. In addition, several service oriented businesses expanded and opened throughout Ankeny.

This press release was produced by the City of Ankeny. The views expressed here are the author’s own.