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SECTION VI
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<br />VI VERTICAL COSTS
<br />VERTICAL COSTS
<br />Vertical costs include all costs from the foundation to the roof of a dwelling unit, including
<br />a 5% contingency and the cost of a building permit. Table 44 lists the total of the vertical
<br />costs and Table 45 represents an analysis of the vertical costs by product type per SF.
<br />Vertical costs related to the commercial properties are in addition to the residential costs.
<br />Table 44: Vertical Costs by Product Type and Phase
<br />.Jim
<br />Apartment
<br />$680,331,900
<br />$228,209,100
<br />$165,215,400
<br />$1,073,756,400
<br />Commercial
<br />$23,726,293
<br />$13,939,830
<br />$21,571,314
<br />$59,237,437
<br />Hotel
<br />$56,560,000
<br />$0
<br />$0
<br />$56,560,000
<br />Congregate
<br />$59,388,000
<br />$0
<br />$0
<br />$59,388,000
<br />Total Vertical Construction Costs
<br />$820,006,193
<br />1 $242,148,930
<br />1 $186,786,714
<br />1 $1,248,941,837
<br />Table 45: Vertical Cost Estimates per SF
<br />Residential SF
<br />2,138,400 SF
<br />717,300 SF
<br />519,300 SF
<br />3,375,000 SF
<br />Residential Cost per SF
<br />$318.15
<br />$318.15
<br />$318.15
<br />$318.15
<br />Commercial SF
<br />158,655 SF
<br />75,112 SF
<br />116,233 SF
<br />350,000 SF
<br />Commercial Cost per SF
<br />$149.55
<br />$185.59
<br />$185.59
<br />$169.25
<br />Hotel SF
<br />140,000 SF
<br />0 SF
<br />0 SF
<br />140,000 SF
<br />Hotel Cost per SF
<br />$404.00
<br />$0.00
<br />$0.00
<br />$404.00
<br />Congregate Care SF
<br />192,000 SF
<br />0 SF
<br />0 SF
<br />192,000 SF
<br />Congregate Care per SF
<br />1 $309.31
<br />1 $0.00
<br />1 $0.00
<br />1 $309.31
<br />Total Vertical Cost
<br />1 $311.90
<br />$305.58
<br />1 $293.91
<br />1 $307.85
<br />Related Bristol at 3600 South Bristol Street
<br />Land Residual Value Study Report
<br />Exhibit 10
<br />September 27, 2023
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