Architect hard costs uli book TEMPLETE 12 23 8 (Excel)

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					                                      45¢ on $
TABLE x-1                         Hard Costs Only
                                 Development Costs


                                 Residential (Condo)


                               Rehab $$              Rehab %             New $$     New %

Site Prep                  $          50,000            6%           $     50,000    5%



Rehab Demo                 $          20,000            2%           $        -      0%



Foundation                 $          10,000            1%           $     80,000    8%

Envelope                   $         20,000             2%           $    200,000   20%
Windows                    $        140,000             16%          $    120,000   12%

HVAC                       $        120,000             14%          $     90,000    9%

Electricity                $          60,000            7%           $     60,000    6%

Plumbing                   $         50,000             6%           $     40,000    4%
Rough Carpentry            $        200,000             23%          $    200,000   20%
Finish                     $        100,000             11%          $    100,000   10%

Other / Contingency        $        100,000             11%          $     60,000    6%

TOTAL                      $        870,000            100%          $ 1,000,000    100%




               Constants: Units sell for same amount

                          Same Size

                          Both urban, assume no enviromentals

                          No tax credits



                          this is only hard costs, $0.45 on dollar
Roby Simons
r.simons@csuohio.idu
216-401-1700


Gary DeWine
gdewine@aol.com
216-481-5181

Scott Dimit
sdimit@dimitarchitects.com
216-221-9021
                      albuquerque




                      rehab         new




rehab more than new


rehab less than new
sales dates 2006

red door rehab




                                        3/4 new


land/site acquisition (including
option), includes buildings              10.7131925



site preparation

Remediation: removal of asbestos                  0.25

other site preparation incl parking                 3

demolition school building 8,000 SF                 4

construction costs

rehab, gut church building 3,000 sf                10

new construction 45,000 SF               114.444444
buyer finish allowance                             20

total building hard costs                135.111111
soft costs
architect planners, legal, surveying,
power,

market analysis (internal)

subtotal before construction loan

construction loan/carry one year
term                                    8%, int. only
subtotal
developer's fee
TOTAL DEVELOPMENT COST
TOTAL DEVELOPMENT COST/SF
building
                                  st paul rehab
                                  Table 1 Saints PETER AND PAUL Church Project Development Costs


                                  0.82 acre former Church
                                  and Rectory site
                                  Boston, MASS

                                  Development date 2002-4 FACTORS           DOLLAR

                                                                            AMOUNT

                                 DEVELOPMENT COST
                      N less rehab INFORMATION               Per Building SF
                                 land/site acquisition
                                 (including option),
$   700,000   8.6%        -14.0% includes buildings              $46.15      $2,400,000
                                 acquisition cost per
                                 original building SF            $82.76
                                 site preparation
                                 Remediation: removal of
$    10,000   0.1%          0.0% asbestos                                      $10,000
                                 other site preparation incl
$   402,000   5.0%          4.0% parking                                      $100,000

$    32,000   0.4%          0.3% demolition garage building                   $5,000

                                  construction costs

$    30,000   0.4%         -2.5% gutting and building prep                   $300,000
                                 new construction 52,000
$ 5,150,000   74.6%        11.5% SF                            $128.56      $6,685,000
$   900,000
                                  total building hard &
$ 6,080,000   75.0%       -14.7% acquisition cost              $182.70      $9,500,000
                                 soft costs
                                 Architect, planners, legal,
$   630,000   7.8%          4.9% surveying,                                  $305,000

$     5,000   0.1%          0.0% market analysis/ appraisals                  $5,000
                                 subtotal before
$ 7,859,000   96.9%         4.4% construction loan              $188.65     $9,810,000

                                 construction loan/carry 27
$   251,488   3.1%         -4.4% months term, variable rate 7%, int. only    $800,000
                        TOTAL
$ 8,110,488 100.0%   0.0% DEVELOPMENT COST   $204.04   $10,610,000
$       -     0.0%
$ 8,110,488 100.0%

$      180
                                             rehab



               Table 2 Lafayette Street Project "Old Sanctuary" Willow Avenue Apartments/Condominiums



 PERCENT OF

PROJECT COST   .4 acre apartment rehab.      7 units



   REHAB


   22.64%                                    FACTORS                 DOLLAR

                                                                     AMOUNT
               lot size                                    16988.4

    0.09%      floor area ratio                        0.470909562

    0.94%      gross building area                           8000

    0.05%      net leasable space (90%)                      8000
               # current owners                                 1
               # parking spaces                                14

    2.83%

   63.07%      DEVELOPMENT COST INFORMATION
               land/site acquisition (including option)       25.5 $     204,000

   89.62%
               site preparation

    2.88%      Remediation: removal of asbestos               0.25 $       2,124

    0.05%      other site preparation incl parking              4 $        6,000

   92.50%                                                            $        -



    7.50%
100.00%   construction costs
          rehab and functional upgrades               30 $       240,000
          new finish                                  55 $       440,000

          total building hard costs                   85 $       680,000

          soft costs
          legal                                             $      50,000
          architect planners, etc.                          $      47,600
          market analysis                                   $         -
          leasing fees                                      $         -
          subtotal before construction loan                 $     989,724
                                       10%, int.
          construction loan/carry one year term only        $      39,589
          subtotal                                          $   1,029,312
          developer's fee                            0.05   $      51,466
          TOTAL DEVELOPMENT COST                            $   1,080,778
          TOTAL DEVELOPMENT COST/SF building                $         135
                                    Table 1 Lafayette Street Project Development Costs



ow Avenue Apartments/Condominiums   St. Joseph Church Campus Consersion
                                    Fayetteville, AR




           PERCENT OF                                             FACTORS DOLLAR               PERCENT OF

           PROJECT COST                                                       AMOUNT           PROJECT COST
                                    lot size (land square feet)      77872

                                    floor area ratio              0.475139

                                    gross building area              37000

                                    net usable space (100%)              95
                                    # current owners                     25
                                    # parking spaces                     53




                                    DEVELOPMENT COST INFORMATION
                    18.9%                                             12.64 $        996,000
                                    land/site acquisition (including option), includes buildings   23.4%



                                    site preparation

                     0.2%                                                 $      150,000
                                    Remediation: removal of asbestos and roof repairs              3.5%

                     0.6%           Parkland Development Fees                 $       11,261       0.3%

                     0.0%           Parking lot Resurfacing                4 $        32,000       0.8%
         construction costs
         gut building                 5.417411 $          200,444    4.7%
         construction costs           54.86486 $        2,030,000   47.6%

62.9%    buyer finish allowance         3.250446 $        120,267    2.8%
         total building hard costs      63.53272 $      2,350,711   55.2%
         soft costs
  4.6%                                             $
         architect planners, legal, surveying, power,     320,711     7.5%
  4.4%   market analysis (internal)                $          -       0.0%
  0.0%   subtotal before construction loan         $    3,860,682    90.6%
  0.0%                                8%, term
         construction loan/carry one year int. only$      200,444     4.7%
 91.6%   subtotal                                  $    4,061,126    95.3%
  3.7%   developer's fee                           $      200,444     4.7%
 95.2%   TOTAL DEVELOPMENT COST                    $    4,261,571   100.0%
  4.8%   TOTAL DEVELOPMENT COST/SF building        $          115
100.0%
PERCENT OF

PROJECT COST
                                          45¢ on $
TABLE x-2                             Hard Costs Only
                                     Development Costs
                                   Non-residential (office?)

                                   Rehab $$             Rehab %             New $$       New %
Site Prep                      $                1          2%           $            2    3%     <======
Rehab Demo                     $                2          3%           $            3    5%
Foundation                     $                3          5%           $            4    6%
Envelope                       $                4          6%           $            5    8%
Windows                        $                5          8%           $            6    9%
HVAC                           $                6          9%           $            7   11%
Electricity                    $                7          11%          $            8   12%
Plumbing                       $                8          12%          $            9   14%
Rough Carpentry                $                9          14%          $        -        0%
Finish                         $               10          15%          $         10     15%
Other / Contingency            $               11          17%          $         11     17%
TOTAL                          $               66         100%          $         65     100%


                  Constants: Units sell for same amount
                             Same Size
                             Both urban, assume no enviromentals
                             No tax credits
                             this is only hard costs, $0.45 on dollar
Roby Simons
r.simons@csuohio.idu
216-401-1700

Gary DeWine
gdewine@aol.com
216-481-5181

Scott Dimit
sdimit@dimitarchitects.com
216-221-9021
PUT SOME USEFUL NUMBERS IN Here




should we add arch design as a line item?




           rehab more than new

           rehab less than new
TABLE x-3                                      ANNUAL/SF
                                            OPERATING COSTS
                                         RESIDENTIAL APARTMENTS

                                             Rehab $$          Rehab %
Site MAINTENANCE                         $               1        2%
??                                       $               2        3%
SACRED ITEMS                             $               3        5%
Envelope/EXTERIOR MAINTENANCE            $               4        6%
Windows                                  $               5        8%
HEATING                                  $               6        9%
Electricity                              $               7        11%
Plumbing                                 $               8        12%
WATER                                    $               9        14%
OTHER?                                   $              10        15%
Other / Contingency                      $              11        17%
TOTAL                                    $              66       100%


                             Constants: Units sell for same amount
                                        Same Size
                                        Both urban, assume no enviromentals
                                        No tax credits
                                        OPERATING COSTS $/SF/YEAR
Roby Simons                             ASSUME BUILLDING IS 10,000 SF
r.simons@csuohio.idu
216-401-1700

Gary DeWine
gdewine@aol.com
216-481-5181

Scott Dimit
sdimit@dimitarchitects.com
216-221-9021
    New $$       New %
$            2    3%     <======   PUT SOME USEFUL NUMBERS IN Here
$            3    5%
$            4    6%
$            5    8%
$            6    9%               IF THIS IS ONLY 3-5 ITEMS THAT'S FINE
$            7   11%
$            8   12%
$            9   14%               should we add arch design as a line item?
$        -        0%
$         10     15%
$         11     17%
$         65     100%

                                              rehab more than new

                                              rehab less than new
TABLE x-4                                   ANNUAL/SF
                                        OPERATING COSTS
                             NON- RESIDENTIAL OFFICE OR INSTITUTIONAL

                                             Rehab $$          Rehab %            New $$
Site MAINTENANCE                         $               1        2%          $            2
??                                       $               2        3%          $            3
SACRED ITEMS                             $               3        5%          $            4
Envelope/EXTERIOR MAINTENANCE            $               4        6%          $            5
Windows                                  $               5        8%          $            6
HEATING                                  $               6        9%          $            7
Electricity                              $               7        11%         $            8
Plumbing                                 $               8        12%         $            9
WATER                                    $               9        14%         $         -
OTHER?                                   $              10        15%         $          10
Other / Contingency                      $              11        17%         $          11
TOTAL                                    $              66       100%         $          65


                             Constants: Units sell for same amount
                                        Same Size
                                        Both urban, assume no enviromentals
                                        No tax credits
                                        OPERATING COSTS $/SF/YEAR
Roby Simons                             ASSUME BUILLDING IS 10,000 SF
r.simons@csuohio.Edu
216-401-1700

Gary DeWine
gdewine@aol.com                                                               r.simons@csuohio.Edu, gdew
216-481-5181

Scott Dimit
sdimit@dimitarchitects.com
216-221-9021
            New %
              3%     <======   PUT SOME USEFUL NUMBERS IN Here
              5%
              6%
              8%
              9%               IF THIS IS ONLY 3-5 ITEMS THAT'S FINE
              11%
              12%
              14%
              0%
              15%
              17%
             100%

                                          rehab more than new

                                          rehab less than new




ons@csuohio.Edu, gdewine@aol.com, sdimit@dimitarchitects.com

				
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