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Updated almost 5 years ago on . Most recent reply

User Stats

287
Posts
110
Votes
Jonathan Orr
  • Developer
  • Boise ID
110
Votes |
287
Posts

Phoenix AZ Multifamily development feedback

Jonathan Orr
  • Developer
  • Boise ID
Posted
Hi BP, looking to speak with someone (architect, developer, contractor, broker/agent).  I have a mixed use development in the East Valley that was brought to me.  I have not developed MF in Phoenix Arizona so looking to get some feedback on if I am on the right track for costing. I want to get a better idea on if I am over estimating since I primarily work in CA with some ridiculous Construction numbers
This is very early in the project so just looking for proforma numbers, nothing concrete.
Project description:
Flat lot
Units 250-300 units (multiple buildings) (~230,000 sq ft in total)
Type V construction 3 story walk up
Surface parked with some covered parking
Utilities stubbed to property line
Flat roof
Some amenities (pool, clubhouse, etc...)

For hard construction only I am estimating around $135/SF
Roughly $200k for site work

Any help is appreciated.

Most Popular Reply

User Stats

185
Posts
109
Votes
Chris Blackburn
  • Developer
  • Salem, OR
109
Votes |
185
Posts
Chris Blackburn
  • Developer
  • Salem, OR
Replied

Can you define site work- it seems maybe 10x times too low.  I could pop it in our worksheet and show you on a percentage basis what our costs are.   Chris Blackburn Clutch Industries Salem OR (Home of Bigfoot and future home of a 12plex modular apartment building)

  • Chris Blackburn
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