Page 13 - Silver Clips

Strathroy Crossing Developments
Financial Overview
$31,963,367 Development Component SF Market Value Construction Costs Net Retained Profit
C1 Suites Development 130,560 $52,076,935 $20,113,568
C2 Suites Development 130,560 $52,076,935 $31,963,367 $20,113,568
C3/D Village Towns Development 45,600 $18,924,000 $13,088,666 $5,835,334
Phase One (Saxton Road) Totals 306,720 $123,077,870 $77,015,401 $46,062,469
A Suites Development 130,560 $51,336,471 $32,304,237 $19,032,234
B1 Commercial Development 22,080 $11,220,933 $8,408,507 $2,812,426
Phase Two (Carroll Street) Totals 152,640 $62,557,404 $40,712,744 $21,844,660
Both Phases Totals 459,360 $185,635,274 $117,728,145 $67,907,130
PSF $256 $148
Construction Costs Against Market Value 63%
Comparative Build Estimates
Residential
Estimates For 130,560 SF Apartment/Condo
Unit Total Against
Quotes PSF Cost Construction Costs Type Internal Estimate
Ai Insurance Organization $185.00 $24,153,000 RCC Frame $7,810,367
HKC Construction (1) $164.00 $21,423,917 Prefabrication $10,539,450
HKC Construction (1) $193.00 $25,096,500 RCC Frame $6,866,867
$31,963,367 Internal Estimate $244.82 Note 1: Quotes as provided with Soft Costs and Contingency Costs not Included
Prefabrication $0
Residential
Estimates For 130,560 SF Apartment/Condo
Total Total Against
Quotes PSF Cost Construction Costs Type Internal Estimate
Ai Insurance Organization $185.00 $24,153,000 RCC Frame $7,810,367
HKC Construction (2) $207.58 $27,101,255 Prefabrication $4,862,112
HKC Construction (2) $243.16 $31,747,073 RCC Frame $216,294
Internal Estimate $199.80 $31,963,367 Prefabrication $0
Note 2: Quotes as provided with Soft Costs and Contingency Costs Included