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SUMMARY OF GMP '~, <br />12/2/96 <br />~MARION COUNTY: Based on Shell Cost 550.00 vs. ~76Z5 i ~ <br />Hard Cost: $13,486,442 <br />Less: ~ 2,86~,685 (Transit credit.) <br />Balance: $10,623,756 <br />If current shell cost came in at $76.25 which equals a$26.25 increase over est ted on <br />76,200 GSF would equal an increase $2,500,000 to $2,600,000 for a total of $ 3,200,000 <br />+/- total. ~~, <br />Possibly higher if the County pays more of the shell cost and 50% of the broadl~room. <br />~PRIVATE SPACE: ~~ ~ <br />Estimated Square Footage: Retail; 10,000 NSF & 11,765 GSF ', <br />Office; 40,000 NSF & 47,000 GSF (Rati~ 85 to 1) <br />Possible Total GSF for private: 58,765 i <br />Shell cost is over budget: $76.25 vs $45.00 =$31.25 g 58,765 =$1,836,406 <br />~ Variables: Amount of Square footage taken. <br />Allocations of shell cost to different owners. <br />Design & Materials used. <br />Note: The current design shows 63,800 GSF available. <br />Current design is over built by 14,000 to 17,000 SF. <br />Variables: Parking available: Private @ 15 Retail / 120 to 160 <br />Common Area at 15%. <br />Preleasing of space. <br />Terms negotiated on tenant improvements. <br />Review Design Options to Reduce Shell Cost. <br />Parking Structure height. l Oft. versus 14ft. <br />First floor height at: 17ft. versus 22ft. <br />Exterior design features; <br />Covered sidewalks. <br />Glass design: Curtain Wall. <br />Common area space. <br />Price per/sf of finished common area. <br />~ <br />