CBRE
May 2017 Newsletter
Assessment & Consulting Services (ACS)

 
 PROJECT
SENIOR HOUSING
ATLANTA, GA
Size:
 
3-story, 118-unit, 116,000 SFG
 
Site:
 
6 acres
 
Labor:
 
Non-Union
 
Delivery:
 
Stipulated Sum
 
Schedule:
 
18 months
 
 
 OUTLINE SPECIFICATIONS
Site:
 

Excavation, grading, site utilities hardscape and landscaping.
 
Foundation:
 
Concrete foundation walls, spread footing and slab on grade.
 
Superstructure:
 
Wood frame construction with pre-fabricated floor joist and roof trusses.
 
Facade:
 
Fiber-cement siding and vinyl framed/insulated glass windows.
 
Roof:
 
Fiberglass shingles.
 
Finishes:
 
Carpet in living areas and bedrooms, vinyl tile in kitchen, ceramic tile in bathrooms with painted gypsum board walls and ceilings throughout.  Painted gypsum board walls and ceilings at common areas, ceramic tile flooring in lobby and carpet in corridors.
 
Elevators:
 
Two (2) 3-stop traction elevators.
 
Sprinkler:
 
100% wet pipe system.
 
Plumbing:
 
Cast iron sanitary waste and vent piping, copper domestic water supply pipe.
 
HVAC:
 
Heating and cooling provided by forced air systems supplied by DX gas fired furnaces and exterior condensers.
 
Electrical:
 
1,600 amp, 120/208 volt, 3-phase 4-wire service.
 















For More Information on CBRE's Assessment & Consulting Services Contact:

Robert W. Barone, R.A., LEED AP
Senior Managing Director
+1 914 467 6913

robert.barone@cbre.com


 

 CONSTRUCTION COST CASE STUDY

The costs for the case study below are from a project that
CBRE Assessment & Consulting Services has monitored on
behalf of a lending institution or investor.

 DIRECT COST SYNOPSIS
TRADE ROUNDED COST COST/UNIT COST/SF
Site Improvements $2,852,000 $24,169 $24.59
Concrete 1,253,000 10,619 10.80
Masonry 553,000 4,686 4.77
Metals 89,000 754 0.77
Carpentry/Drywall 3,000,000 25,424 25.86
Thermal/Moisture Protection 541,000 4,585 4.66
Doors/Windows 614,000 5,203 5.29
Finishes 1,300,000 11,017 11.21
Specialties 365,000 3,093 3.15
Equipment 636,000 5,390 5.48
Elevators 198,000 1,678 1.71
Fire Protection 400,000 3,390 3.45
Plumbing 844,000 7,153 7.28
HVAC 1,207,000 10,229 10.41
Electrical + 1,495,000 12,669 12.89
Subtotal $15,347,000 $130,059 $107.73
General Conditions $1,074,000 $9,102 $9.26
GC Fee + 657,000 5,568 5.66
Total Hard Cost $17,078,000 $144,729 $147.22
 
 COST DISTRIBUTION
 


 

 PROJECT NEWS
 CBRE Consults on The Remy


The Remy consists of 278 rental apartments within four interconnected 4 and 6 story buildings with retail on the 1st and 3rd floors, and an adjacent 4-level partially enclosed parking garage. The project is located on a ±5.33 acre parcel east of the New Carrollton Metro station in central Prince George’s County, Maryland.
 
The Remy’s amenities include saline swimming pool, game room, fitness center, media center/movie theater, overall pet friendly complex, two courtyards, roof-top lounges, picnic areas, and on-site laundry services.
 
The project is being developed by Berman Enterprises with the Martin Group as the Architect of Record, Hartman Design Group as the Interior Design Architect, and Berman Construction as the Construction Manager.  Construction began November 2015, and the project’s first apartment building is expected to be completed June 2017.
 
CBRE was retained to provide construction risk management services for the construction, including cost control, review of contract drawings and specifications, as well as review of construction documents, schedules, permits, and approvals.  While under construction, CBRE is providing payment requisition review and approval services, schedule conformance review, and confirming general compliance of construction with the project documents.
 

 
  
CBRE ASSESSMENT & CONSULTING SERVICES (ACS)

Construction Risk Management (CRM)

Property Condition Assessment (PCA)

Environmental Site Assessment (ESA)

Seismic Risk Assessment

Zoning Compliance

Telecom Advisory Services

Specialty Valuation Services

Financial Reporting

Appraisals

For more information visit  www.cbre.com/assessment




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