Kingsport Times News Thursday, July 31, 2014

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Kingsport logs slight jump in building permits, big leap in value

March 16th, 2014 8:10 pm by Matthew Lane

Kingsport logs slight jump in building permits, big leap in value

KINGSPORT — Kingsport saw a slight increase in the number of building permits issued in 2013, but the overall value of new investment jumped to $138.9 million from $70.7 million the previous year, largely in part to Eastman Chemical Co.'s Project Inspire initiative.

Kingsport's Building Division recently issued its yearly report, which includes information and statistics on building permits, housing and commercial starts and inspections performed within the city over the past year.

According to the report, Kingsport issued a total of 800 building permits last year with an estimated construction cost of $138.9 million. In 2012, Kingsport issued 792 building permits worth nearly $70.7 million.

Eastman's new corporate business office, at 300,000 square feet, brought the largest single building permit on record, at $74.31 million. Eastman also took out permits for two additional buildings within the plant, with a combined estimated cost of just over $600,000.

If you exclude the Eastman permits, new construction starts in Kingsport last year came to $64.6 million.

Rounding out the top five permits issued during 2013 were Stewart Taylor's Heritage Point development ($15 million grading permit), the Rick Hill Mercedes Benz on Stone Drive ($2.5 million), the Kingsport Economic Development Board's spec building in the Gateway Commerce Park ($1.58 million) and the rebuilt McDonald's restaurant in Colonial Heights ($1.5 million).

For an expanded version of this article, please see Monday's print edition or our expanded electronic edition.

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