Winston-Salem Construction is Booming

Construction in Winston-Salem is booming, reaching heights last seen before the Great Recession, and planning officials expect the trend to continue. From a Fox8 story:

Winston-Salem/Forsyth County Planning & Development Services says in 2016, they saw $255 million in new residential construction and $359 million in nonresidential construction, new construction and redevelopment. The $359 million value set a second consecutive 10-year record, with an increase of $47 million from the previous 10-year record high set in 2015. The new residential construction permit value of $255 million was $86 million more than the $169 million residential permit value in 2015, which was an increase of 51 percent…

He highlighted projects such as the Indigo Hotel in the historic Pepper Building, which he says if one of the first modular stacked-type construction hotels anywhere. He also brought up the 757 North Apartments on Chestnut Street, the Link Apartments at Innovation Quarter and the Bailey Power Plant renovations, among others…

The county expects to grow in population by 100,000 people over the next 20 years.

“A lot of people from other parts of the country are discovering us and liking what they’re seeing,” said Paul Norby, Winston-Salem/Forsyth County planning director.

He added that the expected rise in population will result in a larger need for homes, apartments, offices and shopping areas.