The main thing that jumps out at me is the astounding cost assumed for security and operations at $26psf annually.
The main thing that jumps out at me is the astounding cost assumed for security and operations at $26psf annually.
Or build a parking garage, it'll cost a whole lot less than $500 per square foot.
Or build a parking garage, it'll cost a whole lot less than $500 per square foot.
This makes absolutely no sense. You could demo and rebuild the whole thing for less.
This makes absolutely no sense. You could demo and rebuild the whole thing for less.
I'd put the necessary & reasonable items at $30-60M. By far the largest category of costs are things that are wildly inflated and largely unnecessary.
It just doesn't pass the smell test (cont)
I'd put the necessary & reasonable items at $30-60M. By far the largest category of costs are things that are wildly inflated and largely unnecessary.
It just doesn't pass the smell test (cont)