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EE <br />40 <br />Spillis Candela & Partners, Inc. <br />10. <br />Purchasing/Warehouse Bldg. <br />@ $60.00/SF (35,000 SF) <br />$ 2,100,000.00 <br />Total <br />$21,487.280.00 <br />B. To renovate the existing 170,000 GSF Vero Mall for conversion to the <br />County Administrative Facility we estimate the costs to be: <br />0. <br />Demolition costs for existing Interior Const. <br />$ 1,360,000.00 <br />1. <br />Site Work <br />$ 750,00.00 <br />2. <br />Structure (Hurricane Bracing) <br />$ 350,000.00 <br />3. <br />Exterior walls (openings for windows) <br />$ 800,000.00 <br />4. <br />Roof (170,000 GSF) + patching holes <br />$ 425,000.00 <br />5. <br />Interior Finishes <br />$ 5,100,000.00 <br />6. <br />HVAC <br />$ 2,380,000.00 <br />7. <br />Plumbing/Fire Protection <br />$ 1,600,000.00 <br />8. <br />Electrical/Security <br />$ 3,060.000.00 <br />Sub Total <br />$15,825,000.00 <br />9. <br />Contingency @ 1211, <br />$ 1,899,000.00 <br />Sub Total <br />$17,724,000.00 <br />10. Purchasing/warehouse bldg. <br />@ 60.00/SF (35,000SF) $2,100,000.00 <br />Total $19,824 -0 H <br />The estimated cost per square for 170,000 GFS of new construction is <br />$19,387,280.00 or $114.04/SF. The estimated cost for renovating the Mall is <br />17,724,000.00 or $104.26/SF. <br />The price to renovate the veru iviaii is exclusive of purchase price for the Mall and <br />its acreage and the price for new construction is also exclusive of land costs. <br />In addition, the professional fees for renovation work usually run in the 9-11% of <br />construction costs while the fees for new work are in the 6 to 7% range. This <br />difference (say 6.5% Vs 9.5%) or 3% is a substantial sum based on an estimated 18 <br />million of construction costs (± 540,000.00) <br />In conclusion, SCP does not recommend that the Vero Mall be converted into the <br />L County Administrative Complex. <br />