In 2022, the City of Johnston had a substantial year of growth with over $112.6 million in new taxable valuation.
Highlights of the 2022 construction include:
- 245 new residential units, of which 97 were single-family residential units. This represents the highest number of new residential units since 2015.
- 10 commercial projects accounted for $36.7 million in new valuation, the most since 2013.
“Despite supply chain, inflation and interest rate challenges, Johnston continued to thrive in 2022,” said Community Development Director David Wilwerding. “Johnston had an excellent mix of residential and commercial projects while continuing to ensure the foundation is formed for this growth to continue into 2023 and beyond. The future growth for our community is strong, and notable construction projects will begin this spring. We are certainly excited for this growth and the opportunities it will offer for the metro and our residents.”
As part of the 2022 Community Development Annual Report, Wilwerding predicts the following for 2023:
- Increased permits for single-family residential and townhome/villa development as a result of significant new and pending developments.
- Increased permits and valuation in commercial developments, particularly light industrial employment-based and retail/service/entertainment-based projects.
- The Johnston City Council’s long-planned vision for Merle Hay Road will begin to advance rapidly with construction at the Johnston Town Center, Ignit Sports and Fitness, Bombers Golf and LifeServe Blood Center of Iowa, spurring development elsewhere along the corridor.
The statistics are part of the 2022 Community Development Department Annual Report and can be viewed here or by visiting www.cityofjohnston.com/2022CDAnnualReport.
Original source can be found here.
