4/23/2025
SSF Muncipal Service Building Reno Cost 30,000 SF 30,000 SF Partial Renovation Project Budgets
LOW END HIGH END
Project Budget Units Cost/Unit Extended Extended
Building
30,000 SF 500/SF $ $ 15,000,000 $ -
30,000 SF 600/SF $ $ 18,000,000
59,000 SF 70/SF $ $ 4,130,000 $ 4,130,000
Partial Reno Low End
Partial Reno High End
Underbuilding parking
Contingency 15% $ 2,250,000 $ 2,700,000
Subtotal, Building 30,000 SF $ 21,380,000 $ 24,800,000
Site 2.0 Acres
Site demolition/prep 6,500 SF 10/SF $ $ 65,000 $ 65,000 Hardscape development 6,500 SF $ 25/SF $ 162,500 $ 162,500 Landscape development 6,500 SF $ 20/SF $ 130,000 $ 130,000 Contingency 15% $ 53,625 $ 53,625
Subtotal, Site $ 500,000 $ 500,000
FF&E, Signage, and Technology
Furniture/casework 30,000 SF $ 35/SF $ 1,050,000 $ 1,050,000 Technology 30,000 SF $ 20/SF $ 600,000 $ 600,000
Signage 30,000 SF 5/SF $ 150,000 $ $ 150,000
Contingency 10% $ 180,000 $ 180,000
Subtotal, FF&E $ 2,000,000 $ 2,000,000
Construction Budget $ 23,880,000 $ 27,300,000
Public Art
Public Art Allowance 0% of construction $ - $ -
Soft Costs
Design and engineering 10-15% of construction 10% 2,388,000 $ 15% 4,095,000 $ Special studies and misc. 3-5% of construction 5% 1,194,000 $ 5% 1,365,000 $ Testing and commissioning 1-3% of construction 3% $ 716,400 3% 819,000 $ Other fees, permits, etc. 1-3% of construction 3% $ 716,400 3% 819,000 $ Contingency 10% of soft costs $ 709,800 501,480 $
Subtotal, Soft Costs 5,500,000 $ 7,800,000 $
TOTAL PROJECT BUDGET RANGE, Q2 2025 DOLLARS LOW $ HIGH 35,100,000 29,380,000 $ Escalation - add for construction start date in:
2026 3-5%/year 4.0% 30,555,200 $ 36,504,000 $
2027 3-5%/year 4.0% 31,777,408 $ 37,964,160 $
2028 3-5%/year 4.0% 33,048,504 $ 39,482,726 $
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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