CONSTRUCTION COSTS
SF PER SF COSTS* Total
Office 33,300 $ 150.00 $ 4,995,000.00
Retail 33,300 $ 125.00 $ 4,162,500.00
Hotel 204 Rooms 42,840 $ 81.00 $ 3,470,040.00
Atrium 4,700 $ 100.00 $ 470,000.00
Parking 172 Spaces $15,000/space $ 2,580,000.00
Mosque 7,400 $ 200.00 $ 1,480,000.00
Turkev 8,500 $ 150.00 $ 1,275,000.00
SOFT COSTS
Site Improvement/Engineering
Building Design and Engineering
Financial:
Construction Period Interest
Financing Fees
Legal Advertising
Leasing Costs
Tenant Build Out Allowance
Administrative
Contingency $ 7,373,016.00
Land $ 5,000,000.00
Total $ 30,805,556.00
Operational COSTS/yr $ 3,400,000.00
*As determined by Owner
INCOME
SF RENT/SF/YR Total/yr
Office 33,300 $ 20.00 $ 666,000.00
Retail 33,300 $ 15.00 $ 499,500.00
Hotel 204 Rooms 42,840 $170/night $ 12,658,200.00
Turkev 8,500 $ 10.00 $ 85,000.00
Parking 172 Spaces $20/night $ 1,255,600.00
Total $ 15,164,300.00
COSTS SF PER SF COSTS** Total SALES TOTAL
Office 33,300 $ 225.00 $ 7,492,500.00 $300/sf. $ 9,990,000.00
Retail 33,300 $ 225.00 $ 7,492,500.00 $300/sf. $ 9,990,000.00
Hotel 204 Rooms 42,840 $ 120.00 $ 5,140,800.00 $100,000/rm $ 20,400,000.00
Atrium 4,700 $ 140.00 $ 658,000.00 ‐ ‐
Parking 172 Spaces $40,000/space $ 6,880,000.00 $40,000/space $ 6,880,000.00
Mosque 7,400 $ 400.00 $ 2,960,000.00 ‐ ‐
Turkev 8,500 $ 250.00 $ 2,125,000.00 $300/sf.
$ 2,550,000.00
SOFT COSTS $ 13,099,520.00 ‐ ‐
Land $ 5,000,000.00 ‐ $ 15,000,000.00
Total $ 50,848,320.00 $ 64,810,000.00
Operational COSTS/yr $ 3,400,000.00
**As Determined by Commodore Builders
100 Business Street, Hyde Park, MA
COSTS SF PER SF COSTS* Total SALES TOTAL
Residential Units 250 Units 300,000 $ 200.00 $ 60,000,000.00 $375,000/Unit $ 93,750,000.00
Daycare/Recreation 5,000 $ 125.00 $ 625,000.00 ‐ $ 625,000.00
Restaurant 6,000 $ 100.00 $ 600,000.00 $300/sf. $ 1,800,000.00
Indus/Retail 44,500 $ 125.00 $ 5,562,500.00 $300/sf. $ 13,350,000.00
Parking 411 Spaces $12,000/space $ 4,932,000.00 ‐ $ 4,932,000.00
Mosque 8,000 $ 200.00 $ 1,600,000.00 ‐ ‐
Bridge $ 75,000.00 ‐ ‐
Colonnade $ 750,000.00 ‐ ‐
Courtyard $ 100,000.00 ‐ ‐
Historic and New market Tax Credits $ (4,626,800.00) ‐ ‐
SOFT COSTS
Site Improvement/Engineering
Building Design and Engineering
Financial:
Construction Period Interest
Financing Fees
Legal Advertising
Leasing Costs
Tenant Build Out Allowance
Administrative
Contingency $ 27,847,080.00 ‐
Land $ 10,000,000.00 $ 50,000,000.00
Total $ 107,464,780.00 $ 164,457,000.00
Operational COSTS/yr $ 3,250,000.00
*As determined by Owner
INCOME RENT/MO. RENT/SF/YR Total/yr
Residential Units 250 Units $ 1 ,600.00 $ 4,800,000.00
Daycare/Recreation 5,000 sf. $ 16.00 $ 80,000.00
Restaurant 6,000 sf. $ 16.00 $ 96,000.00
Indus/Retail 44,500 sf. $ 14.00 $ 623,000.00
Total $ 5,599,000.00
an attempt to estimate cost, income, and sales prices.
These numbers assume non‐union construction costs and fully rented residential, retail, and industrial spaces.
Note that these numbers have been determined in part by the Owner of the property and design team in
