Cost Proposal
Addition of Ground Level Parking
School Street Lofts
Nashua, NH
Dated: August 20, 2020
The following presents the components of cost included in the proposed addition of publicly
accessible ground level parking to a proposed 146 unit multi family apartment project ona city
owned parking lot. By elevating the building above the site, the ground floor would include an
area for parking (48-50 spaces), a minimum amount of lobby and amenity space, fire stairs
landing at grade from the building above, and mechanical spaces so serve the building with
power, water, and other infrastructure. Resident parking would not be permitted in this public
facility, but rather would occur in the garage located across High Street.
The incremental costs are outlined below:
Construction Hard Costs
General Conditions § 125,000.00
Site Work S 221,600.00
Concrete S 529,000.00
Masonry S 398,700.00
Ceiling and Fireproofing S 238,320.00
Public access controls S 47,800.00
Electric S 202,000.00
Plumbing S 50,000.00
Mechanical S 252,000.00
Elevators (none for parking) S 0.00
Subtotal Hard Cost $2,064,420.00
Soft Costs
GC Fee and insurance S 309,663.00
Contingency S 178,056.23
Budget Price $2,552,139.23
Developer Fee (0%)
Note that key to the above assumption is that there is no carry cost (interest or equity return)
included in the Grand Total. Further, there is no lobby cost or other finished areas that are for
the exclusive use of the residents.
