4/23/2025
SSF Muncipal Service Building Reno Cost 59,000 SF
Full Renovation w/Structural Upgrade (Risk Category IV) Project Budget Budget
Project Budget Units Cost/Unit Extended
Building
Full Reno 1st Floor 59,000 SF 600/SF $ 35,400,000 $
Basement Reno 59,000 SF 70/SF $ 4,130,000 $
Structural Upgrade 118,000 SF 68/SF $ 7,980,804 $
Contingency 15% $ 7,126,621
Subtotal, Building 59,000 SF 54,637,000 $
Site 2.0 Acres
Site demolition/prep 13,000 SF 10/SF $ 130,000 $
Hardscape development 13,000 SF $ 325,000 25/SF $
Landscape development 13,000 SF $ 20/SF $ 260,000
Parking Underbuilding (basement) 0 SF 70/SF $ - $
Contingency 15% $ -
Subtotal, Site $ 800,000
FF&E, Signage, and Technology
Furniture/casework 59,000 SF 35/SF $ 2,065,000 $
Technology 59,000 SF $ 1,180,000 20/SF $
Signage 59,000 SF 5/SF $ $ 295,000
Contingency 10% $ 354,000
Subtotal, FF&E $ 3,900,000
Construction Budget $ 59,337,000
Public Art
Public Art Allowance 0% of construction $ -
Soft Costs
Design and engineering 10-15% of construction 10% 5,933,700 $ Special studies and misc. 3-5% of construction 5% 2,966,900 $ Testing and commissioning 1-3% of construction 3% 1,780,100 $ Other fees, permits, etc. 1-3% of construction 3% 1,780,100 $ Contingency 10% of soft costs $ 1,246,080
Subtotal, Soft Costs $ 13,700,000
TOTAL PROJECT BUDGET RANGE, Q2 2025 DOLLARS LOW $ 73,037,000 Escalation - add for construction start date in:
2026 3-5%/year 4.0% 75,958,480 $
2027 3-5%/year 4.0% 78,996,819 $
2028 3-5%/year 4.0% 82,156,692 $
NOTES: 1) Conceptual budgets are for planning purposes only. They have been developed on a general cost per square foot basis without detailed site or building information. Depending on project specifics, actual project costs can vary.
2) Conceptual budgets are not necessarily comprehensive and may not include all costs, such as land purchase, demolition of existing structures, structured parking, temporary facilities, etc.
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