Is it possible to build a $10 million dollar mixed use project consisting of 4 apartments and a community center in the surrounding area of SF? Like Burlingame? Trying to gauge what that would look like or how I can get an idea of all of this. Any help is appreciated. Thank You!
Check out Thach Nguyen on YouTube. He just release a video covering how much it cost him to build an apartment building in Seattle. Should get you a rough idea of building in an urban west coast city.
i don't understand the program. Does four apartments mean 4 units? that's a walk up townhouse or fourplex which can be built as a residential building (not commercial apartments). why would you attach that to a community center?
and if it means 4 apartment buildings - well, how big is a building? probably need to add a zero to that budget.
If you already have the land, then a range of square-foot hard costs yields: $250/sf = 28,000 sq. ft. total $350/sf = 20,000 sq. ft. total etc.
What number should you use for that calculation? Find a local contractor or developer who does the kind of stuff you have in mind and ask them.
If you don't have the land already, then the land cost comes out of the $7m first. Which in the Bay Area probably means you'll have zero left over to actually build anything.
Oct 3, 23 12:06 pm ·
·
gwharton
Of course, this all assumes you are paying cash. If you are financing it, then you also need to add in all the costs of interest carry, etc.
Pricing a Project
Hi,
Is it possible to build a $10 million dollar mixed use project consisting of 4 apartments and a community center in the surrounding area of SF? Like Burlingame? Trying to gauge what that would look like or how I can get an idea of all of this. Any help is appreciated. Thank You!
maybe. how many layers of cardboard and what colour plastic tarp are you thinking of using?
Have you tried engaging an architect and/or contractor in the area? They likely have the answers you seek.
Check out Thach Nguyen on YouTube. He just release a video covering how much it cost him to build an apartment building in Seattle. Should get you a rough idea of building in an urban west coast city.
No need to check out that video. The OP's budget isn't nearly high enough. Even three minutes of online searching would show this . . . .
Yes. If the entire building is under 2,000 sf.
No. If the entire building is over 2,000 sf.
It depends. How big is your building and what is your construction budget.
Hire an architect to do a feasibility study for you that a general contractor can do a rough pricing on.
Side note: you're literally asking us to provide you with free services.
4 apartments + a community centre? Come on, you sure you don't want to pony-up your time for free for this wanker?
I only volunteer my services for deserving people or organizations. No idea who the OP is but I assume they are an aspiring developer so . . . .
No. Cost per square foot/budget = not all that
so judgmental guys, clearly the $10M referenced is the design fee
Well dang. I'll send the OP my $1,000 invoice for my post then.
i don't understand the program. Does four apartments mean 4 units? that's a walk up townhouse or fourplex which can be built as a residential building (not commercial apartments). why would you attach that to a community center?
and if it means 4 apartment buildings - well, how big is a building? probably need to add a zero to that budget.
$10,000,000 less 30% soft costs = $7,000,000
If you already have the land, then a range of square-foot hard costs yields:
$250/sf = 28,000 sq. ft. total
$350/sf = 20,000 sq. ft. total
etc.
What number should you use for that calculation? Find a local contractor or developer who does the kind of stuff you have in mind and ask them.
If you don't have the land already, then the land cost comes out of the $7m first. Which in the Bay Area probably means you'll have zero left over to actually build anything.
Of course, this all assumes you are paying cash. If you are financing it, then you also need to add in all the costs of interest carry, etc.
You can't build a single family residence for those $/SF numbers in San Francisco.
Yes you can. It may not be something that will wind up in architectural magazines, but it's possible.
In SF? Really? Most low quality spec built homes around here (Western Colorado) are going for around $200 / SF. Who knew SF was so affordable!
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