Plans
Building Area Assumptions
Area Cost/Sq. Ft. Cost/Area
First Floor Common Areas 11,900 sq. ft. $165 $1,963,500
(including covered patio)
First Floor Office/Transition 1,600 sq. ft. $125 $200,000
First Floor Covered Parking 6,800 sq. ft. $50 $340,000
Second Floor Common Area 7,200 sq. ft. $150 $1,080,000
Second Floor Transition 1,600 sq. ft. $125 $200,000
Second Floor Residences 6,800 sq. ft. $135 $918,000
Third Floor Transition 1,200 sq. ft. $125 $150,000
Third Floor Residences 6,800 sq. ft. $135 $918,000
Fourth Floor Transition 1,200 sq. ft. $125 $150,000
Fourth Floor Residences 6,800 sq. ft. $135 $918,000
Total Area under Roof 51,900 sq. ft. $6,837,500
Site Work $1,075,000
Total Direct Building Cost $7,912,500
Professional Fees
(Architect/Contractor/Fundraising) $1,609,893
Budgeted Project Cost $183.47 $9,522,393
Financing Ability $6,427,579
Fundraising Need $3,094,814
Preliminary project costs are for discussion purposes only.
