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2019 Annual Development Report

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2019 ANNUAL DEVELOPMENT REPORT Brick Avenue Lofts Thaden School Climb Bentonville Phillips Park Townhomes www.bentonvillear.com DEVELOPMENT SUMMARY The Annual Development Report is a compilation of data from the Building Services division and the Planning division to present a picture of the development activity in Bentonville in 2019. Building data, including permits and inspections, identify development that has started and completed construction. The Planning data, including plats, large scale developments, and rezonings, are projects that are in the planning phase of development. Building Services 2019 Building Services Permits. The city issued 1,750 building permits, up 1% from 2018. After the 11% increase between 2017 and permits: 1,750 1% 2018, this year’s small increase suggests that permits inspections: 19, 570 7% are increasing at a slower rate. value: $454 M 8% Inspections. Inspectors conducted a total of 19,570 completions: 771 6% inspections, including both building and code enforcement inspections, down 7% from 2018. Building inspections were down 12% with 17,385 Building Services Data Sources inspections while code enforcement was up by 72% permits inspections valuation certificates of occupancy with 2,185 inspections. BUILDING PERMITS Value. The valuation of all building permits was $454 2015-2019 million, down 8%. The value of new commercial development was up 14% with a total value of $159 million. Single-family value was down by 4%, totaling $135 million. Demolition. Demolition activity was lower in 2019 1750 1562 1732 than 2018. The number of relocation and demolitition 1375 1461 permits in 2019 was 86, down from 117 in 2018. Completions. The city issued 771 certificates of 2015 2016 2017 2018 2019 occupancy, an increase of 6.2%. CERTIFICATES OF OCCUPANCY BUILDING INSPECTIONS 2015-2019 2015-2019 771 2019 17,385 726 711 2018 19,810 662 669 2017 18,279 2016 16,794 2015 16,716 2015 2016 2017 2018 2019 1 Thaden School Planning 2019 Planning Total projects. After significant annual increases between 2010 and 2017, the number of planning projects: 250 19% projects decreased the past two years. The total projects rezonings: 40 7% dropped 11% in 2018 with 308 projects and 19% in 2019 with 250 projects. variances: 25 31% Rezoning. Requests to rezone property from one large scales: 61 20% zoning district to another dropped slightly, from 43 in 2018 to 40 in 2019. Almost 35% of all zoning requests Planning Data Sources are downtown. rezonings conditional uses variances lot splits Variance/Waivers. Requests for Zoning Code variances preliminary plats final plats property line adjustments was down 31% from 2018. Similarly, the request for large scale developments general plan amendments Development Code waivers dropped 22%. Platting. Planning Commission approved six PLANNING PROJECT CATEGORIES 2019 preliminary plats with 448 lots, 43% less lots than in 2018. They approved five final plats with 146 lots, 45% Preliminary Plat Variance less lots than in 2018. 3% 10% Large Scale Developments. The total number of large Conditional Large Scale Use scale development projects in 2019 was 61. This is a Development 5% 20% decrease from 76 in 2018. 25% Rezoning Population Estimate: 52,871 17% Staff uses certificate of occupancy data to estimate Final Plat population. Bentonville’s current population estimate 2% is 52,871, an increase of 6.5% from 2018. Based on this Property Line Adjustment Lot Split estimate, nearly 8,800 new residents have moved into 19% 19% Bentonville over the last five years. POPULATION ESTIMATE PLANNING PROJECTS 2015-2019 2015-2019 52,871 49,629 47,645 45,458 44,073 346 291 308 253 250 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 2 RESIDENTIAL PERMITTED & COMPLETED DEVELOPMENT Residential activity slowed in 2019. The number of permits for new residential construction was down 10% and remodels were down 7%. The value and size of new units were also down in 2019. Although new construction slowed, completed units increased 86%, with 1,671 residential units completed. Single-family Building Services issued 471 single-family permits 2019 Residential Construction in 2019, a decrease of 3% from 2018. The average value of a single-family permit was $287,382, down residential permits: 647 10% slightly from 2018. The average size of a single-family residential units permit was 2,701 square feet, 182 square feet smaller permitted: 1,074 29% than in 2018. A total of 461 single-family units were residential units completed, down nearly 7% from 2018. completed: 1,671 86% Multi-family After a record year in 2018, the number of multi-family units permitted dropped by 42%. Building Services RESIDENTIAL PERMITS (units) 2015-2019 issued 34 permits for 603 multi-family units. The average size of a multi-family unit was 1,255 square feet, smaller by 205 square feet than in 2018. The large Single-family Multi-family number of units permitted last year were completed 1032 this year. A total of 1,210 units were completed, up 603 nearly 200%. 396 314 444 Additions & Remodels 594 482 459 487 471 Residential additions and remodels were down by 7% in 2019, with a total of 142 compared to 2015 2016 2017 2018 2019 152 in 2018. However, the number of completed renovations doubled with a total of 55 certificates of occupancy issued, compared to 25 in 2018. RESIDENTIAL COMPLETED (units) 2015-2019 Phillips Park Townhomes New Single Family New Multifamily 1210 489 466 495 494 461 570 432 404 90 2015 2016 2017 2018 2019 3 Phillips Park Townhomes RESIDENTIAL PERMITS H W Y U S 5 7 49 H 1 2019 WY TIGER BLVD D V IN L T B E R N S O T T A L T E A 4 W 9 H N W Y W CENTRAL AVE SW 2ND ST E CENTRAL AVE SW 8 TH ST SE 8TH ST SW 14TH ST SE 14TH ST T S J T S E I D S V W L S B N O T L A W D S D R R N SE WALTON BLVD N N I H G G SW ANGLIN RD U A V T S S H W S SW REGIONAL AIRPORT BLVD Legend W HW Y 12 Single Family Duplex Townhomes Multi-family, 3 or 4 units Multi-family, 5 or more units 4 RESIDENTIAL PLANNED DEVELOPMENT Planned single-family residential development has also slowed. The number of lots platted was down 43%. However, multi-family residential grew from 180 units in 2018 to 534 units in 2019. Final Plats The number of lots final platted were down 45%. 2019 Residential Projects Planning Commission approved four final plats residential final plats: 143 lots 45% with 143 lots. Preston Park, Phase 1 was the largest residential prelim. plats: 448 lots 43% subdivision with 98 residential lots planned multi-family: 543 units 202% Preliminary Plats residential rezones: 17 34% The number of lots preliminary platted were down 43%. A total of 448 lots were preliminary platted in six subdivisions. The largest preliminary platted subdivision was Walnut Grove Subdivision with 130 PLATTED LOTS residential lots. 2015-2019 Large Scale Developments Final Preliminary A total of 543 residential units were approved in 783 782 685 three large scale development projects. The largest 638 development was City U, located at the city’s old public works facilities on SE 3rd Street, with 375 units. 338 448 309 259 Rezonings 143 Nearly 43% of all rezoning requests were to a 44 residential district. Of the 17 residential rezonings, 2015 2016 2017 2018 2019 six of them are located downtown, compared to 11 downtown rezonings last year. MULTI-FAMILY UNITS PLANNED 2015-2019 2019 543 2018 180 2017 1,903 2016 540 Elevations for proposed City U 2015 687 residential development. 5 Elm Tree Lofts H W Y RESIDENTIAL PROJECTS U 7 S 549 1 HWY 2019 TIGER BLVD I D N T V E L R B S T N A T O E T L 4 9 A H W W Y N W CENTRAL AVE E CENTRAL AVE SW 2ND ST SW 8TH ST SE 8TH ST SW 14TH ST SE 14TH ST T S J T E S S D I V L W B S N O T L A W S SE WALTON BLVD D R D N R N I N H G G SW ANGLIN RD T U S A V H S W S Legend IRPORT BLVD le SW REGIONAL A Residential Large Sca Preliminary Plats W H WY 12 Final Plats 6 COMMERCIAL & INDUSTRIAL PERMITTED & COMPLETED DEVELOPMENT While residential development slowed, commercial development increased. The city issued 197 commercial permits, an increase of 19%. Three-fourths of these permits were for commercial remodels or additions. The value of commercial permits was $224.3 million, up 21%. The the total square feet permitted dropped from 18.8 million square feet in 2018 to 2.5 million square feet in 2019. New Commercial 2019 Commercial Construction Building Services issued permits for 52 new commercial projects, up 2%. The value of new permits: 197 20% commercial permits was $159.4 million, up 14%. A total of 1.4 million square feet of new commercial new construction: 52 2% were permitted compared to 16 million square feet value: $224M 21% in 2018. The city issued certificates of occupancy for 53 new completed: 160 14% commercial projects, an increase of 15% from 2018. COMMERCIAL PERMITS Remodels and Additions 2015-2019 Building Services issued 145 remodeling or addition permits, up 27%. The value of remodels and additions New Commercial Commercial Alt/Addition was $64 million, up 40%. Over two million square feet were remodeled, down 8%.
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