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CRA report: commercial valuations jump as two projects drive spike in permit valuations
Summary
The Martin County CRA heard its FY2026 3rd 0.25 report showing permit counts down but total valuations rising sharply from about $15.4M to $29.4M, driven by a roughly $12M Boys & Girls Club and another commercial build. Jordan Pastorius presented the permit and valuation breakdown and answered board questions.
Jordan Pastorius, assistant manager in the Office of Community Development, presented the CRA’s fiscal year 2026 third 0.25 report and highlighted a notable rise in commercial valuations compared with the same period in 2025.
"The valuations in the commercial permits is really where it stands out," Pastorius said, reporting a jump in total valuation from about $15,400,000 to $29,400,000. He attributed the increase largely to two commercial projects: "That was due to the boys and girls club. That was a brand new commercial building at roughly 12,000,000," and a second commercial building of about $1,400,000 in Hobe Sound. Pastorius also said residential permits were lower in number and valuation this period.
Pastorius reviewed neighborhood-level projects tied to the permitting activity and emphasized that while permit counts dropped (from roughly 528 to about 332), the higher-value commercial work explains the valuation shift. He closed his presentation by inviting questions from the board and said staff would follow up on any specific permit data requests.
The board took no formal action on the permit report itself during the meeting.
