The second tower of the NCR campus looks to be a go. It's still in the design phase but is expected to be completed by 2019 and help bring 5300 jobs to Midtown.
http://www.bizjournals.com/atlanta/n...ill-bring.html |
Quote:
In the ABC article it stated phase II of the project would be 250,000 square feet (Office + Retail) and the cost is $140 Million. I was like WTF. Doing some math: Average building cost per sqft ($146.11) x building size (250,000 sqft) = $36,527,500. How the hell is this a $140 Million building? Is it made out of gold? http://evstudio.com/cost-per-square-...ion-by-region/ http://evstudio.info/wp-content/uplo...-building1.gif |
Quote:
The SPI was created in 1996 in an effort to foster TOD around the Buckhead and Lenox train stations. Break up the superblocks, activate street fronts, etc. It was updated it a few years ago if I'm not mistaken. It seems to me the 800 pound gorilla(s) up there are the Loop itself and the big shopping centers. You can carve things up like they did at Terminus and to some extent at Tower Place, but there are a lot of vested interests. |
Here is a siteplan for the new ga400 park proposal
http://buckheadview.com/wp-content/u...20-620x350.jpg http://buckheadview.com/wp-content/u...19-620x350.jpg http://buckheadview.com/wp-content/u...21-620x350.jpg http://www.reporternewspapers.net/wp...ap-450x326.png |
Quote:
|
Quote:
The construction costs should also include design & construction services as well- not just material construction costs. |
Quote:
|
Quote:
|
Quote:
Now can someone with a background in construction "constructively" answer my question? Thanks in advance. |
Quote:
NCF is investing $145 million into Phase II, which is 250,000+ SF. One would assume this involves expenses such as purchasing the land, interior build out (since they will be occupying the building), and as arctk2014 said, design and construction services. Then factor in your assume material costs, which have steadily risen, and labor costs which are very high right now due to a low labor pool. |
Quote:
I would also assume higher costs associated more than likely include interior build-outs since it's a company's HQ rather than spec office build-out (core and shell). The specifics cited for construction costs might also be folding in the debt for the land, etc for them trying to get bonds, approvals, etc. |
Anything under $200/SF for a single story office building in the burbs is quite optimistic. My most recent low bid came back at $210/SF, in Jacksonville. And our management fees are on top of that.
I imagine it's not any cheaper to build a big skyscraper in Midtown Atlanta. And is there a parking garage component to the project that isn't included in the square footage? |
Quote:
I hope the State of GA is not giving them tax breaks based on the estimated cost of the investment, but real cost. |
Park Over 400
I think people are confusing the Park Over 400 with Piedmont Park. There intended purposes are very different. Piedmont Park serves as a park for the City of Atlanta. Not to mention, there is a large population in neighborhoods surrounding the park. The Park Over 400 is in an office park with a limited population of residents within walking distance. I live in a house behind Phipps and I cannot imagine walking down Lenox Rd (with dogs) to go to there. Therefore, do you really think residents from other parts of Buckhead will drive to it? Where will they park? I see the Park Over 400 primary purpose is to provide connectivity to Path400 and as an outdoor space for the workers in Buckhead and residents who live in the immediate area. I also think what is proposed meets those goals and then some. Concerning the pollution/air quality, completely capping 1/2 mile of 400 would not dramatically improve air quality. Pollution tends to stagnate over large urban areas, especially in the summer with humidity. The good news is this will substantially decrease over the next 10 - 20 years as electric cars become the standard. |
Quote:
Correction - I clearly did not do any calculations before I sent that last message. It would not encompass the salary for 1,800 employees over 5 years. The point remains that what NCR counts as its investment is not limited to the cost of construction. Would the completed second tower be valued at or above $140 million? Perhaps that is the better way to determine whether their statement of a $140 million investment seems accurate. |
Quote:
NCR is leasing the building from Cousins Properties (Owner/Contractor). So you can't factor the cost of the building into NCR's investment. |
Quote:
Incentives are generally based on number of jobs created, etc. |
Quote:
Per another press release source " Quote:
|
It now looks to me like 22 14th is crawling, and I mean slowly upward.
|
Quote:
|
All times are GMT. The time now is 11:19 AM. |
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.