FM COST TRENDS
Comparative Building Costs
Mixed-Use Redevelopments
208,056-Square-Foot
Redevelopment
This mixed-use redevelopment project in
Hartford, CT, encompasses
one-half of a city block
and includes a parking
structure, townhouses,
high-rise apartments and
street-level retail and
dining spaces. Years of abandonment and water damage had
destroyed the interior finishes but the basic structure and exterior
ornamental finishes were able to be restored.
A 300-car below grade garage was built with a precast filigree
system under the former department store. The parking structure
supports the concrete deck for the townhouses built at the site,
which are served by rooftop packaged HVAC units while apartments have a valance system combined with an outdoor makeup
unit and a heat recovery wheel.
DIVISION
SQ. FT.
COST
ADJUSTED
COST*
Procurement
& Requirements 1.23 2.56 127,858
General 17.76 36.85 1,838,394
Concrete 6.64 13.78 687,546
Masonry 9.54 19. 8 987,771
Metals 10.09 20.93 1,044,343
Wood, Plastics,
Composites 1.34 2.78 138,537
Thermal & Moisture
Protection 3.83 7.96 397,011
Openings 12.56 26.07 1,300,852
Finishes 13. 12 27. 22 1,358,137
Specialties 0.22 0.46 22,890
Equipment 1.18 2.44 121,953
Furnishings 1.64 3. 41 169,937
Conveying Systems 2.46 5. 10 254,511
Fire Suppression 2.33 4.83 240,856
Plumbing 4.81 9.97 497,566
HVAC 4. 41 9. 16 456,919
Electrical 6.84 14. 20 708,292
TOTAL $207.52 $10,353,373
49,890-Square-Foot
Redevelopment
This five-story project
in Washington, DC,
contains 12 assisted living
units, 20 apartments and
common spaces around a
landscaped courtyard. Re-
tail space is incorporated
at street level. Floor sizes
range from 9,885 square feet to 10,230 square feet. The building
has one elevator.
The assisted living units are located on the first and second
floors. They have views to the courtyard and private patios. The
units have small kitchens but residents can also take meals in a
full kitchen and common area on the second floor. Floors three
through five consist of apartments ranging in size from studios
to three-bedroom units. The apartments have floor-to-ceiling
windows and views of the courtyard and city. B
*Actual building costs have been adjusted to reflect materials prices as of January 2016
SOURCE: DESIGN COS T DATA, BNI
For more facilities cost data, visit the BUILDINGS bookstore at
www.bnibuildings.com.
Additional building case studies are available at DCD.com
DIVISION
SQ. FT.
COST
ADJUSTED
COST*
Procurement
& Requirements 10. 27 19. 24 4,003,485
General 2.16 4.05 843,381
Concrete 5.64 10.56 2,197,094
Masonry 9. 18 17. 19 3,577,172
Metals 8.07 15. 12 3,145,147
Wood, Plastics,
Composites 8.79 16. 47 3,426,253
Thermal & Moisture
Protection 4.68 8.76 1,822,133
Openings 4.07 7.62 1,584,810
Finishes 32. 47 6,755,153
Specialties 0.57 1.07 223,058
Equipment 2.39 4. 47 930,517
Furnishings 0.05 0.10 19,940
Conveying Systems 1.28 2.40 498,491
Fire Suppression 2.63 4.92 1,023,091
Plumbing 6. 13 11. 47 2,387,343
HVAC 9. 34 17. 49 3,638,852
Electrical 7. 42 13.90 2,892,711
TOTAL $187.30 $38,968,631