Cost Estimates* Total Land (s.f.) $254,750 Acquisition cost $5.00 s.f. $1,273,750 Sitework/Clearance Estimated s.f.Demolition costSite preparation costTotal sitework/site preparation cost $2.70 s.f.$2.00 s.f. 75,000$202,500$509,500$712,000 New S.F. Homes 16 units Ave. s.f./unitCost/unit (low estimate)Cost/unit (high estimate)Total cost (low)Total cost (high) $50.00 s.f.$70.00 s.f. 1600$80,000$112,000$1,280,000$1,792,000 New Townhouses 17 units Ave. s.f./unitCost/unit (low estimate)Cost/unit (high estimate)Total cost (low)Total cost (high) $50.00 s.f.$70.00 s.f. 1200$60,000$84,000$1,020,000$1,428,000 New Apartments 80 units Ave. s.f. unitCost/unit (low estimate)Cost/unit (high estimate)Total cost (low)Total cost (high) $55.00 s.f.$65.00 s.f. 950$52,250$61,750$4,180,000$4,940,000 Total Costs AcquisitionSitework/Site preparationHard construction costsSoft construction costs Grand Total 25% $1,273,750$712,000$8,160,000$2,040,000 $12,185,750 *Assumes new construction in blocks roughly bounded by Topeka, Elm, the alley east of St. Francis, and Pine. Used only as an example of potential costs.
Cost Estimates*
Acquisition cost
Estimated s.f.Demolition costSite preparation costTotal sitework/site preparation cost
Ave. s.f./unitCost/unit (low estimate)Cost/unit (high estimate)Total cost (low)Total cost (high)
Ave. s.f. unitCost/unit (low estimate)Cost/unit (high estimate)Total cost (low)Total cost (high)
AcquisitionSitework/Site preparationHard construction costsSoft construction costs Grand Total
AcquisitionSitework/Site preparationHard construction costsSoft construction costs
Grand Total
$12,185,750
*Assumes new construction in blocks roughly bounded by Topeka, Elm, the alley east of St. Francis, and Pine. Used only as an example of potential costs.
City Hall, 10th floor 455 N. Main Wichita, Kansas 67202-1688
Hours: 8:00 AM-5:00 PM Monday-Friday
: (316) 268-4421 : (316) 268-4390
Dave Barber Advanced Plans Manager