Page 20 - Silver Clips

The Suites at Crossing Park Sites C1 and C2
Total Number of Condo Units Total Number of Floors 8
Condo Units Per Upper Floors 92
12
Building SF Per Floor 16,320
Building SF 130,560
Construction Costs
Elevators, Trash Chute, Generator, Building Access and Security Systems $1,200,000
Modular Precast Concrete $80.00 SF 130,560 $10,444,800
Windows and Glass $1,853,280
Covered Parking $15.00 SF 30,000 $450,000
Sky Deck $40.00 SF 16,320 $652,800
Interior Finishings $53.47 SF 130,560 $6,981,410
Building Foundation $15.00 SF 16,320 $244,800
Balcony System $8,000 84 $672,000
Permit Drawings $100,000
Fire Monitoring Systems $250,000
Water/Waste Water Stacks $17.00 LF 3,600 $61,200
Construction Costs Before Labour Costs $22,910,290 $175.48
Labour 30% $6,873,087 $52.64
Less Concrete Labour $4,243,200 $32.50
Other Work Labour $2,629,887 $20.14
Total Construction Costs With Labour Costs $25,540,177 $195.62
Other Costs
Site Development Cost $66.06 (per SF of building area; or $11 PSF of land area) $1,078,110
Development Charges (Residential) $17,278 per unit 92 $1,589,558
Construction Financing 8.00% $2,043,214
Land Taxes and Other $150,000
Condo Sales Commission 3.00% $1,562,308
Total Other Costs $6,423,190 $49.20
Total Project Cost $31,963,367 $244.82
Total Project Income $52,076,935 $398.87
Total Project Retained Profit $20,113,568 $154.06
Construction Costs Against Sales 61%
Note: Expense Costs for Construction Management not included