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<br />Gourthouse Squa~e Architectural Cost Consultants, LLC Estimate oate: R2~-Aug-ss ~
<br />COUft &!-li~h Stre8t James A. Jer~e, AI~ - Stanley J. Pszczolkowski, RIA QoWrr~e,it Date: 23Ju1-98 j
<br />Salem, Oregon 6441 S1/'J Canyon Court, Suite 103 Print Date: 21-Aug-98
<br />Arbuckle Costic Architects, Inc
<br />~ Portland, Oregon 97221 Print Time: 11:12 AM
<br />Des
<br />n Development Probable Cost Estimate Phone (503) 297-7210 Fax (503) 297-7187 Construction Start: Spring 99 ~
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<br />~ DIRECT CONSTRUCTION COST SUMMARY j
<br />~ ~
<br />Component
<br />Building Shell & Core
<br />Area S / SF
<br />Cost
<br />153,343 sf 73.45 11,262,900
<br />70,793 sf 42.67 3,020,512
<br />66,528 sf 37.63 2,503,582
<br />224,136 sf 74.90 $16,786,995
<br />33,720 sf 50.15 1,691,150
<br />33,72o sf 50.15 $1,691,150
<br />~ Parking
<br />I
<br />Bus Mall
<br />~ Subtotal
<br />i
<br />Streetscape
<br />Subtotal
<br />Tenant Finishes
<br />i Ground Level Tenant Finishes
<br />Second Floor Tenant Finishes
<br />I Third Floor Tenant Finishes
<br />~ ~ Fourth Floor Tenant Finishes
<br />j Fifth Floor Tenant Finishes
<br />_ .. I
<br />13,930 sf 42.85 596,862
<br />27,552 sf 17.49 481,994
<br />28,279 sf 24.66 697,318
<br />28.279 sf 22.72 642,601
<br />16,850 sf 31.11 524,203
<br />114,890 sf 25.62 $2,942,978
<br />TOTAL DIRECT CONSTRUCTION COST
<br />0
<br />Indicated Surplus / (Deficit)
<br />ALTERNATES
<br />1 Parking Altemate 1 23.278 sf
<br />2 Parking Altemate 2 19 467 sf
<br />30 ~
<br />40
<br />521,421,123
<br />(21,421,123)
<br />Add t 930,300
<br />Add t 808,500
<br />0
<br />0
<br />Comments
<br />The above estimates are far direct construction cost only. They do not inGude fumishings & equipment, consultant
<br />fees, inspection and testing fees, plan chedc fees, hazardous material testing and removal, fi~ancing costs, nor any
<br />other noRnally associated development costs. -
<br />The above estimates assume a competitively bid project, with at least th~ee qualified bidders in each of the major
<br />sub-trades as well as the general oontractors. All woiic to be contracted at one time (shell & core, street & bus mall and
<br />tenant improvements). If project is to be phased, additional cost associated with phasing to be added.
<br />The above estimates assume a oonstruction start date of: Spring 99 If the start of construcdon is delayed
<br />t~eyond the date above, the estimates must be indexed at a rate of 4-6% per year compounded.
<br />Summary - Page 1
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