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Pleasanton Comprehensive Fee Update and Nexus Study November 2024 <br /> The unit characteristics for each prototype are meant to represent average unit sizes <br /> and other generic project parameters. The analysis assumes that the unique unit mix <br /> of any particular project will, in aggregate, conform to these average unit sizes. <br /> However, any specific project will have its own cost and revenue factors that may be <br /> impacted in part by its unit mix. <br /> Development Cost Assumptions <br /> Housing development costs categories include land acquisition, site preparation, <br /> indirect or"soft" costs (e.g., architecture, entitlement, marketing, etc.), and hard <br /> costs (e.g., construction labor and materials). For multifamily projects that include a <br /> structured garage, EPS also defines parking costs per unit as a separate line item. <br /> Data from recent developments and land transactions in the local market have been <br /> combined with information from interviews with various housing developers to inform <br /> the development cost assumptions used in this analysis. Table 28 calculates the cost <br /> per unit for all four development types. More detailed cost calculations can be found in <br /> Appendix G. <br /> 47 <br />