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Cost Estimates* |
| Total Land (s.f.) |
$254,750 |
Acquisition cost |
$5.00 s.f. |
$1,273,750 |
| Sitework/Clearance |
Estimated s.f.
Demolition cost
Site preparation cost
Total sitework/site preparation cost |
$2.70 s.f.
$2.00 s.f. |
75,000
$202,500
$509,500
$712,000 |
| New S.F. Homes |
16 units |
Ave. s.f./unit
Cost/unit (low estimate)
Cost/unit (high estimate)
Total cost (low)
Total cost (high) |
$50.00 s.f.
$70.00 s.f. |
1600
$80,000
$112,000
$1,280,000
$1,792,000 |
| New Townhouses |
17 units |
Ave. s.f./unit
Cost/unit (low estimate)
Cost/unit (high estimate)
Total cost (low)
Total cost (high) |
$50.00 s.f.
$70.00 s.f. |
1200
$60,000
$84,000
$1,020,000
$1,428,000 |
| New Apartments |
80 units |
Ave. s.f. unit
Cost/unit (low estimate)
Cost/unit (high estimate)
Total cost (low)
Total cost (high) |
$55.00 s.f.
$65.00 s.f. |
950
$52,250
$61,750
$4,180,000
$4,940,000 |
| Total Costs |
Acquisition
Sitework/Site preparation
Hard construction costs
Soft construction costs
Grand Total |
25% |
$1,273,750
$712,000
$8,160,000
$2,040,000
$12,185,750 |
*Assumes new construction in blocks roughly bounded by Topeka, Elm, the alley east of St. Francis, and Pine. Used only as an example of potential costs.
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Related to A Development Plan for the Center City Neighborhood |
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