Difference between revisions of "Local Politics:Issues:Construction Costs"

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=== Lexington High School Modulars ===
=== Lexington High School Modulars ===
The High School Modulars are 24,525 sq ft gross floor area<ref name="LHS Overcrowding Presentation, Sept 10">[[Media:LHSFac0verview10Sep13.pdf|LHS Overcrowding]], School Committee update, (Sept 10, 2013)</ref> at an estimated construction cost of $6.7M-$7.7M<ref name="LHS Overcrowding Presentation, Sept 10" />, including an unspecified amount of technology equipment. This comes to $273-$313 per sq ft.
The High School Modulars are 24,525 sq ft gross floor area<ref name="LHS Overcrowding Presentation, Sept 10">[[Media:LHSFac0verview10Sep13.pdf|LHS Overcrowding]], School Committee update, (Sept 10, 2013)</ref> at an estimated construction cost of $6.7M-$7.7M<ref name="LHS Overcrowding Presentation, Sept 10" />, including an unspecified amount of technology equipment. This comes to $273-$313 per sq ft.
=== Summary of Brick & Mortar School Construction in Lexington ===
{| class="wikitable"
|-
! School Name
! Completion Year
! Cost
! Sq Ft (Gross)
! Sq Ft (Living Area)
! Cost per Gross Sq Ft
|-
| Estabrook
| 2013
| $43.35M
| 82,080
|
| $528
|-
| Fiske
| 2007
| $18M
|
|
|
|-
| Harrington
| 2013
| $13M
|
|
|
|}


== Private Real Estate Developers Construction ==
== Private Real Estate Developers Construction ==

Revision as of 10:48, 8 March 2015

The question we are posing here is why government building construction costs, at the town and state level (for schools, police and fire stations, community centers, city halls, state college buildings etc), are much higher than those incurred by private real estate developers (for office buildings, manufacturing facilities, shopping malls, private schools, private college buildings etc).

Government Building Construction

Vynebrooke Village Renovations

In 2014, Annual Town Meeting approved in its Article 8 (g) renovations at Vynebrooke Village, at the cost of $300k to Lexington and $600k to the Dept of Housing and Community Development. Work scope: replacing 27,000 sq ft of siding, 17,000 sq ft shingle roof, and 24 doors[1][2].

Estabrook Construction

The Estabrook school construction has a 82,080 sq ft gross floor area[3], and the construction cost was $43.35M[4]. This comes comes to $528 per sq ft. The construction was completed in 2013.

Lexington High School Modulars

The High School Modulars are 24,525 sq ft gross floor area[5] at an estimated construction cost of $6.7M-$7.7M[5], including an unspecified amount of technology equipment. This comes to $273-$313 per sq ft.

Summary of Brick & Mortar School Construction in Lexington

School Name Completion Year Cost Sq Ft (Gross) Sq Ft (Living Area) Cost per Gross Sq Ft
Estabrook 2013 $43.35M 82,080 $528
Fiske 2007 $18M
Harrington 2013 $13M

Private Real Estate Developers Construction

Hobbs Brook Construction in Waltham

Hobbs Brook announced in the fall of 2013 that it is planning to construct an office space building in Waltham, at 275 Wyman St, for 315,000 sq ft at $100M construction costs[6]. This comes to $317 per sq ft. Vistaprint will move its headquarters from Lexington into the new building once it is completed.

Lexington Documents and Data

Estabrook

LHS Modulars

Massachusetts Documents and Data

News & OpEds


Notes

  1. ↑ Apr 7, 2014 Town Meeting session, min. 70.
  2. ↑ lex-tmma thread: Financial impact of reconsideration of article 10L (Apr 2014)
  3. ↑ See Estabrook Space Summary 11-10-19 for Estabrook floor area data
  4. ↑ $1,05M for FY12 feasibility, $39.7M for FY13 design and construction, $2.6M for FY12 to accommodate increase in estimated construction costs. Also see Lexington Minuteman: Costs rise for Estabrook School building project, by Ben Aaronson (Oct 16, 2012) The MSBA refunded $12.25M of the construction costs.
  5. ↑ 5.0 5.1 LHS Overcrowding, School Committee update, (Sept 10, 2013)
  6. ↑ Boston.com: Developers propose $100m, 315,000 square foot Vistaprint building in Waltham, by Jaclyn Reiss (Nov 5, 2013)


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