Although total housing construction in Kalispell so far in 2022 has cooled from a hot 2021, multifamily development remains strong and is outpacing new single-family homes for the second year in a row.
Through October, the Kalispell Planning Department has issued building permits for 464 multifamily housing units, compared to 560 during this time last year. While 649 were released throughout 2021.
Single-family housing is slowing significantly with 109 permits issued so far. If no additional permits are issued by the end of the year, that figure would be the lowest in Kalispell in five years, down 48% from last year and 64% from the peak in 2020.
Estimates for the value of building permits for new housing are at least $70 million.
Planning Director Jarod Nygren pointed out that while these properties have been approved by the city, large residential projects have other hurdles to overcome before breaking ground. Even after construction has begun, apartments can take a long time to hit the rental market.
“Once a project is approved, there are other construction-related restrictions, eg – labor and supplies, that affect how many units can be built in a given time frame,” Nygren wrote in an email.
Permits granted for new multi-family housing can be divided into six main developments.
Silverbrook Apartments, a luxury development on US 93 north of the city is expanding, with three new apartment building permits issued this year. The new buildings are expected to bring 87 new apartments to the market.
A permit was issued for another 12-unit building at The Landings on Two Mile, an apartment complex off Two Mile Drive west of downtown. The complex has one, two and three bedroom units for rent, according to their website.
Owl View Landing, a 40-unit apartment complex, was approved to build 12 more apartments at their North Kalispell location near Glacier High School.
In June, permits were issued for the Junegrass Place development, which will offer up to 138 affordable housing units with the goal of adding to the city’s workforce housing stock. The development received $4.78 million in tax credits from the Montana Housing Board and has income limits for potential tenants.
Speaking to Inter Lake earlier this year, the developer said they expect one-bedroom units to rent between $650 and $800 per month, with two-bedroom apartments between $750 and $1,000.
The Silos mixed-use urban redevelopment project was approved for two new four-story apartment buildings, representing 72 of the project’s total of approximately 230 units. Work on the first phase of the project began last year.
Reporter Adrian Knowler can be reached at email@example.com or 758-4407.