View Mobile Site

$136M worth of building in Manteca through May

Text Size: Small Large Medium
POSTED June 19, 2017 1:32 a.m.

Tactical 5.11 — the most expensive structure ever built in Manteca — along with a housing surge could make 2017 a record setting year for new construction.

The building activity for May also included two permits valued at $1 million for two commercial structure shells of 5,910 and 4,200 square feet at 1231 N. Main Street at the Lancaster Drive intersection. It is for a gas station and convenience store along with space to lease for other retail purposes.

As of May 31, Manteca had issued 730 building permits with a combined construction value of $136,087,954. That compares to the record set in 2002 of $191.1 million that was powered by significant construction in the Spreckels Park Business Park and 803 new homes. The year 2002 was the second highest for housing starts in Manteca. The record year for new homes was 1,074 that were built in 2000.

The 404,657-square-foot Tactical 5.11 distribution center being built near Airport Way and Roth Road in northwest Manteca is a $29.3 million construction project. That eclipses the previous record of the $20 million building permit for Bass Pro Shops that — along with housing starts — in 2006 accounted for the second highest year for new construction in Manteca at $179.3 million.

Based on statistics five months into the current year, Manteca could easily top the 2006 mark of $179.3 million just from additional new home construction and permits ranging from installing solar systems to electrical work.

There is also the possibility this year could set a new record as efforts to start site work for a 157-unit apartment complex moves forward on the northeast corner of Van Ryn Avenue and Atherton Drive.

CenterPoint — the developers building the structure for Tactical 5.11 — also has submitted plans for a 1,199,997-square-foot building is being proposed in two phases on a 63.29-acre parcel. The first phase will consist of 551,475 square feet. Exeter Properties is proposing Manteca’s largest high cube distribution center yet — an 848,400-square-foot structure accessed from Louise Avenue at an existing intersection controlled by a traffic signal just west of the Manteca Unified School District office complex and school farm.

If either one of the additional business park structures break ground this year, the value of construction will soar past $200 million.

Keep in mind, though, that the construction activity now taking place is in current dollars and the totals for 2002 and 2006 are not adjusted for construction inflations.

Seven builders — Raymus Homes, Atherton Homes, Pulte Homes, DR Horton Builders, Denova Homes, Meritage Homes, and KB Homes — started 72 homes in May with a  construction value of $21.6 million. Construction value is not the selling value as that price reflects growth fees, the cost of land and infrastructure development, the development costs such as engineering as well as the cost of borrowing for both infrastructure and housing construction, as well as the builder’s overhead and profit.

In the first five months of this year, 214 single family homes have been started with a combined value of $60.4 million. The homes are averaging 2,923 square feet.

Two small scale apartment projects adding 7,408 square feet of living space have been started at two locations — North Fremont Avenue and Eastwood Avenue — with a combined value of $880,000.

Through the end of May, Manteca has issued 118 permits for residential solar systems for $2.1 million. Many of the new homes being built in Manteca have solar power generation capabilities installed.

 

To contact Dennis Wyatt, email dwyatt@mantecabulletin.com

Commenting is not available.

Commenting not available.

Please wait ...