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Item 26 - Public Hearing Regarding Bristol Project
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Item 26 - Public Hearing Regarding Bristol Project
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9/25/2024 12:33:51 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Planning & Building
Item #
26
Date
10/1/2024
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SECTION III <br />ta <br />www.FinanceDTA.com <br />III FINANCIAL SUMMARY <br />FINANCIAL SUMMARY <br />DTA evaluated the Specific Plan to determine its viability. This included determining the Project <br />revenues for each product class by construction phase, as follows: <br />Table 1: Market Value of Project Properties by Phase <br />Unit <br />I <br />2 <br />3 <br />Revenues <br />Phase <br />Phase <br />Phase <br />Total <br />Apartment <br />3,750 DU <br />$1,183,632,000 <br />$396,868,000 <br />$286,820,000 <br />$1,867,320,000 <br />Commercial <br />349,998 SF <br />$99,921,000 <br />$46,680,000 <br />$72,236,000 <br />$218,837,000 <br />Hotel <br />250 Rooms <br />$94,619,000 <br />$0 <br />$0 <br />$94,619,000 <br />Congregate <br />200 Rooms <br />$119,215,000 <br />$0 <br />$0 <br />$119,215,000 <br />Total <br />1 $1,497,387,000 <br />1 $443,548,000 <br />1 $359,056,000 <br />1 $2,299,991,000 <br />Related Bristol at 3600 South Bristol Street <br />Draft Market Study Report <br />Exhibit 10 <br />September 2023 <br />N <br />
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