All Forum Posts by: Mayer M.

@Alex Capozzolo

I’ve submitted a few rfps to them. Total waste of time....they will also put the property out to bid to make sure they’re getting market value and they will make you jump through many hoops. The process could take more than a year and has all sorts of contingencies

@Alex Capozzolo

@Troy Sheets does new construction

I know others but they’re not on this site

@Alex Capozzolo

These are in philly. Sharswood/Brewerytown/Germantown neighborhoods

@Kyle Altenau

Yes dealing with the land bank is a waste of time and yes they are corrupt

@Alex Capozzolo

I’ve learnt it’s really tough to use an accurate cost per square foot number. For example, I’m doing three side by side duplexes and it’s costing me $135 psf, but I had to spend an extra $10k per foundation because of bad soil, and the smaller the property the higher the cost psf

I’m working on a 28 unit with elevator, demo required, green roof, and it’ll cost me around the same psf as the duplexes.

I’m doing three side by side triplexes which are full renovations, basement digout, all new facades, and that’s costing me about $106 psf for construction

Non of these numbers include architecture, geotech, MEPS, environmental, utility plan, or finance costs

@Jay Shawn

So many variables. How many stories? Steel? Elevator? # of baths? Green roof? Existing demolition needed? Foundation? Environmental?

@Jay Shawn

Where is the development?

@Nicky Lisewski

Thumbs up to Germantown and Brewerytown. Although good deals in both areas are very difficult to find

@Charles Seaman

Don’t forget better tax benefits such as accelerated depreciation

@Eric Greenberg

Must be pretty far north.