Page 86 - FY2020Colleyville
P. 86

5-Year + Outlook
               Development activity is expected to remain robust.  New commercial and residential
               construction has remained relatively consistent coming  out of the  last recession with an
               average of 7 new commercial permits per year from 2011 to 2014 and an average of 122 new
               residential permits per year.  In fiscal year 2015, new commercial permits rose to a total of
               12.   In fiscal year 2016,  new commercial  permits totaled 9. In  fiscal year 2017,  new
               commercial permits totaled 1 and new residential permits totaled 137. In 2018, new
               commercial permits totaled 3 and new residential permits totaled 169. With several hundred
               residential lots still available, residential permitting activities are expected to remain
               consistent.  New commercial activity is expected to remain consistent as well.

               As the  City approaches build out, currently  estimated to occur by  2035 according to the
               current  Master Plan estimate,  new residential activity will  begin to decrease.  Assuming
               current economic conditions remain static, land for new residential subdivisions will
               significantly decrease,  leaving only infill and  tear down  and rebuild projects  to build out.
               Commercial activity will be more  difficult to  predict.  However, given that there remains
               limited undeveloped commercial land in the  City, in addition to numerous redevelopment
               opportunities for existing legacy properties, commercial, as well as institutional, development
               opportunities should continue to avail themselves over the next five years and beyond. The
               reconstruction of Colleyville Boulevard (State Highway 26) is also nearing completion which
               will attract commercial development and redevelopment.
               Overall, the department will remain very busy over the  next  five years and is in need of
               staffing at a level commensurate with community and organizational expectations to be able
               to adequately fulfill its mission to protect, preserve and promote the exceptional and unique
               quality of the community’s built environment and natural resources.









































                                                                                                           84
   81   82   83   84   85   86   87   88   89   90   91