09-19-18 Item #17 Vallco Specific Plan - Mayor SlidesInitial Assumptions
Office:$300 per sq. ft.Initial AssumptionsHousing:$150 per sq. ft.Retail:$50 per sq. ft.
Civic:‐$900 per sq. ft.Initial AssumptionsBMR Housing:$‐300 per sq. ft.Entertainment:$‐400 per sq. ft.
Office:1,800,000 sq. ft. X ($300/sq.ft.)Initial Assumptions (+)Housing:1,200,000 sq. ft. X ($150/sq.ft.)Retail:600,000 sq. ft. X ($50/sq.ft.)
Office:$540,000,000Positive MarginHousing:$180,000,000Retail:$30,000,000
Positive MarginTOTAL:$750,000,000
Civic:0 sq. ft.Initial Assumptions (‐)BMR Housing:1,200,000 sq. ft. X (‐$300/sq.ft.)Entertainment:0 sq. ft.
Civic:n/aNegative MarginBMR Housing:$360,000,000Entertainment:n/a
Δ= $390,000,000SB35 Positive MarginLessNegative Margin
Δ= $390,000,000SB35 Positive MarginLessNegative MarginBut Keep in Mind:•$300,000,000 Green Roof•Horizontal Costs