Quote:
Originally Posted by testarossa50
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?
|
If we use $250/SF that would only be $62,500,000. Still less than half the projected cost. Even considering the interior build out and parking garage cost this number seems very inflated.
I hope the State of GA is not giving them tax breaks based on the estimated cost of the investment, but real cost.