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|
|Total Hard Cost||$17,078,000||$144,729||$147.22|
|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.
Construction Risk Management (CRM)
Property Condition Assessment (PCA)
Environmental Site Assessment (ESA)
Seismic Risk Assessment
Telecom Advisory Services
Specialty Valuation Services
|For more information visit www.cbre.com/assessment|