Sherwood saw a substantial increase in commercial capital investment in 2012 compared to the prior year.
According to the December building report published recently by the Sherwood City Engineer’s office, the city saw a 434 percent increase in commercial building projects in 2012 compared to 2011.
According to the report, the city had six commercial building permits issued in 2011 with a total capital investment of $2.1 million. For 2012, there were 14 commercial building permits issued, with a total capital investment of $11.34 million.
Two of the larger 2012 projects which took place, spiking Sherwood’s numbers were opening of Custom Aircraft Cabinets and Buffalo Wild Wings, both opening their doors on Landers Road.
Buffalo Wild Wings opened with a $2 million investment into Sherwood.
Custom Aircraft Cabinets (CAC), a specialized woodworking and upholstery manufacturer supplying private, corporate and head-of-state aircraft companies globally, announced an expansion of its manufacturing plant at a new location in Sherwood. The company will add 150 new jobs at an hourly average wage of $15.00 to $20.00 and invest $5.9 million in the expansion. With the expansion, CAC will employ a total of more than 290 people. CAC’s newest expansion will also result in the growth of its sister company, Reliable Fire Protection. Reliable Fire Protection will add 20 additional jobs at an hourly wage of $20.00, bringing total employment to 70 at a nearby facility.
But new commercial start-ups weren’t the only increases in 2012 compared to the prior year.
The city saw a 20-percent increase in commercial remodeling permits. In 2012, there were 31 commercial remodeling permits issued with a total value of $6.89 million. There were more commercial remodeling permits issued in 2011, 62, but the total dollar value was $5.74 million.
Building permit totals also increased on the residential side.
According to the report, there was a 125-percnet increase in swimming pool permits in 2012 compared to 2011. In 2012, there were 20 permits issued with a total value of $474,935.99. In 2011, there were 10 permits issued with a total value of $211,300.
The housing market also fared much better in Sherwood in 2012, showing a 59-percent increase from the prior year.
Last year, there were 144 permits issued for new home construction with a total value of $21.87 million. In 2011, there were 82 new housing permits issued with a value of $13.71 million.
The report also indicated there was a 15-percent increase in home remodeling projects last year. In 2012, there were 228 remodeling permits issued with a total value of $1.69 million compared to 185 permits issued in 2011 with a $1.46 million.
The report indicated there was a decrease in the number of storage buildings. In 2012, there were 56 units built with a total value of $153,518.17, compared to 59 issued in 2011 with a total value of $189,686.56, resulting in a 19-percent decrease from 2011.
The report showed a 22-percent increase in fences constructed. There were 159 permits for fences issued in 2012 with a total dollar value of $352,937.71 compared to 131 fences in 2011 with a total value of $289,138.95.
In all, there were 652 permits applied for in 2012 compared to 535 granted the prior year.