Laserfiche WebLink
Rental Rates Needed to Support <br />New/Future Apartments in IRC <br />Per Unit Costs for Three Proposed Multifamily Projects in <br />Indian River County <br />Cost <br />Indian River <br />Homes <br />Blue Harbor <br />Sebastian's <br />Landing <br />Construction (Hard) Cost - Includes <br />contractors fee <br />$158,586.96 <br />$140,457.81 <br />$119,444.44 <br />General Development (Soft) Cost <br />$26,696.87 <br />$27,821.26 <br />$19,266.18 <br />Financial Cost <br />$9,673.91 ' <br />$11,976.80 <br />$7,037.04 <br />Developer Fee Cost <br />$32,173.91 <br />$29,622.40 <br />$25,000.00 <br />Land Cost <br />$4,239.13 <br />$23,750.00 <br />$8,333.33 <br />ITotal <br />Per Unit Cost <br />$231,370.78 <br />$233,628.28 <br />$179,080.99 <br />I <br />