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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