Building Construction Developments in Woodbury

Introduction

Woodbury, a rapidly growing city, is experiencing a significant surge in both commercial and residential construction projects. These developments are not only enhancing the city’s infrastructure but also catering to the increasing demand for housing and commercial spaces. This article provides an overview of the current and future construction projects in Woodbury, highlighting the city’s commitment to sustainable growth and development.

Current and Future Commercial Projects

Expansion of Commercial Space

In 2022, Woodbury issued building permits for seven new commercial buildings and one major leasehold improvement, with a cumulative permit value of approximately $115 million. These projects are adding over 1 million square feet of commercial space to the city, reflecting strong demand for new commercial construction【37†source】.

Diverse Commercial Landscape

The commercial space in Woodbury comprises 61.5% non-retail (e.g., office, medical, industrial) and 38.5% retail. This balance has shifted significantly since the early 2000s when the city’s commercial stock was roughly equal between retail and non-retail【37†source】.

Residential Construction Boom

Strong Housing Market

Woodbury’s housing market remains robust, with permits issued for 469 new single-family and attached housing units. The number of new single-family detached units increased from 330 in 2022 to 368 in 2023, indicating sustained demand despite economic challenges【38†source】.

Development of Rental Projects

Although no new multi-family apartment units were constructed in 2023, several large rental projects were completed, including Orville Commons, the Edison Apartments, and Talamore Senior Living. These developments are addressing the need for rental housing in the city【38†source】.

Focus on Affordable Housing

The city continues to receive interest from developers planning to construct affordable multifamily apartment projects, highlighting Woodbury’s commitment to providing diverse housing options for all income levels【38†source】.

Infrastructure and Roadway Improvements

Woodbury’s five-year Capital Improvement Plan outlines upcoming major roadway construction projects, including the I-94 Repavement, Lake Road Improvements, and the METRO Gold Line. These projects aim to enhance connectivity and transportation efficiency within the city【36†source】.

Conclusion

Woodbury’s construction landscape is vibrant, with a mix of commercial and residential projects underway. The city’s strategic planning and investment in infrastructure are paving the way for sustainable growth, making Woodbury an attractive destination for businesses and residents alike. As the city continues to expand, these construction projects will play a crucial role in shaping its future.