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<br />~.-'tCourtitouse Square ------- ------
<br />ArC6iteCtural COSt ConSUltAnts, LLC i Estimate Date: R21-Aug-98
<br />h Street
<br />~ ~COUIt & Hi AIA - Stanley J. Pszczolkowski, AIA
<br />James A
<br />Jerde Document Date: 23-Ju1-98 ~
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<br />'Salem: Orego~ ~' ,
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<br />6441 SW Canyon Caurt, Suite 103 Print Date: 21-Aug-98
<br />~ ;Arbudcle Costic Architects, Inc Portland, Oregon 97221 Print Time: 11:12 AM
<br />Design 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
<br />Area $ I SF
<br />Cost
<br />Comments
<br />Building Shell 8 Core ~ 153,343 sf 73.45 11,262,900
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<br />Parking 70,793 sf 42.67 3,020,512 ~
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<br />Bus Mall i
<br />~ 66,528 sf 37.63 2,503,582 ~ '
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<br />Subtotal ~ 22a,~36 sf 74.90 $16,786,995 ; ~~
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<br />i Streetscape ! 33,720 sf 50.15 1,691,150 I ~
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<br />Subtotal ~ 33,72o sf
<br />~ 50.15 $1,691,150 ,
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<br /> Tenant Finishes + ~
<br />~ I Ground Level Tenant Finishes ,
<br />13,930 sf 42.85 596,862 ~
<br />~ Second F1oorTenant Finishes 27,552 sf 17.49 481,994 i
<br /> Third Floor Tenant Finishes ! 28,279 sf 24.66 697,318 j
<br />; Fourth Floor Tenant Finishes
<br />Fifth Floor Tenant Finishes I 28,279 sf
<br />16,850 sf 22.72
<br />31.11 642,601 ~
<br />524,203
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<br />' ' 114,890 sf 25.62 $2,942,978 ~
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<br />TOTAL DIRECT CONSTRUCTION COST i
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<br />521,421,123 i
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<br />Budaet ~
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<br />Indicated Surplus /(Deficit) (21,421,123) I
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<br />ALTERNATES
<br />1 Parking Altemate 1 23,278 sf Add t 930,300
<br />2 Paricing Altemate 2 19,467 sf Add t 808,500 i
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<br />= 3,95a,~~a~
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<br />The above estimates are for direct construction cost only. They do not include fumishings & equipment, consultant
<br />fees, inspection and testing fees, plan chedc fees, hazardous material testi~g and removal, financing costs, nor any
<br />other normally associated development costs.
<br />The above es6mates assume a compe6tively bid project, with at least three qualified bidders in eacti of the major
<br />sub-trades as well as the general cont~actors. All wo~lc to be contracted at one time (shell 8 core, st~eet & bus mall and
<br />tenant improveme~ts). If project is to be phased, additional cost associated with phasing to be addeld.
<br />The above estimates assume a construction start date of: Spring 99 If the start of construcaon is delayed
<br />beyond the date above, the estimates must be indexed at a rate of 4-6°~ per year compounded.
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<br />Summary - Page 1
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