New businesses, housing growth increases in Topeka for 2024

TOPEKA (KSNT) - The City of Topeka is expanding in new directions this year as seen in a recent growth and development report.

This week, the city's latest Development & Growth Management Report was published for February 2024. It shows positive growth for both residential and commercial areas in the Capital City.

Looking back at February 2023, the report indicates total building permits rose by 41% from 61 to 86. Residential permits increased by almost 64% while commercial permits were bumped up by 8%. This is accompanied by a rise in the value of building permits by a little more than 31% from $26,258,733 to $34,455,574.

Several local buildings will be acquiring additions, according to the report. New businesses like Wingstop and La-Z-Boy Home Furnishings & Décor are also confirmed thanks to this report. The most valuable permits for new development listed in the report include:

• Uptowner Parking Garage
  • 635 SW Jackson Street
  • $5,894,861
• Cair Paravel Latin School addition
  • 635 SW Clay Street
  • $3,163,364
• La-Z-Boy Home Furnishings & Décor
  • 1935 SW Wanamaker Road
  • $2,400,000
• Valvoline Instant Oil Change
  • 821 NW 25th Street
  • $1,449,000
• JM Smucker Building 119 addition
  • 2200 NW Brickyard Road
  • $1,300,000
• First Watch - shell & site only
  • 1831 SW Wanamaker Road
  • $1,200,000
• Hills Pet Nutrition restroom upgrade
  • 320 NE Crane Street
  • $600,000
• Foley Topeka: component storage
  • 1737 SW 42nd Street
  • $546,000
• Lot 30, block A, Stone Crest sub
  • 4437/4439 SE Gemstone Lane
  • $300,000
• Wingstop - Topeka
  • 2121 SW Wanamaker Road
  • $300,000

Housing growth is also on the rise, according to the report. Compared to February last year, 2024 has seen an increase of nearly 43% (from 7 to 10) for new residential building permits. Additions and alterations are also increasing by almost 80% (from 29 to 52).

The City of Topeka was previously named the number one emerging real estate market in 2023 by the Wall Street Journal. You can read the full report online by clicking here or by checking out the document below:

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