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Grand Forks building permit value this year already hits $31 million

The data box in this week’s Herald business page includes a surprising number: $31 million.

That is the building permit value of planned apartment construction so far this year. That is more than any single year in the last 10 except for 2013, when the yearly total was $76 million.

Also remarkable is that the number is for a single project: two apartment buildings with 251 units planned for 2150 47th Ave. S.

Since most construction starts later in the spring, 2014 is more than on pace to continue last year’s big boom in apartment construction.