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Appendix Table G-3 <br /> Market-Rate Prototypes and Development Cost Assumptions <br /> Pleasanton Inclusionary Zoning Ordinance Update <br /> Multifamily Attached Condo <br /> Item Assumptions Per Unit <br /> Development Prototype <br /> Tenure Ownership <br /> Parcel Size 1 acre <br /> Density 40 units/acre <br /> Unit Size 1,500 sq.ft. <br /> Number of Bedrooms 2.0 per unit <br /> Amount of Parking 1.5 per unit <br /> Development Costs <br /> Land Costs $4,500,000 per acre $112,500 <br /> Site Preparation $30 per sq.ft. of land $32,670 <br /> Subtotal, Land $145,170 <br /> Direct Construction Costs $325 per sq.ft. $487,500 <br /> Parking Costs $40,000 per space, wrap-style $60,000 <br /> Builder Fee 5.0% of direct costs, incl. parking $27,375 <br /> Subtotal, Direct Costs $574,875 <br /> Development Impact Fees [1] $65,550 per unit $65,550 <br /> Indirect Costs [2] 20% of direct costs $114,975 <br /> Subtotal, Indirect Costs 31% of direct costs $180,525 <br /> Total Construction Costs $900,570 <br /> Sources:Costar;Marshall&Swift;EPS discussions with local active developers <br /> [1]Development impact fee total does not include current affordable housing inclusionary fee requirements <br /> [2]Includes costs for architecture and engineering;entitlement and fees;project management;appraisal and market <br /> study;marketing,commissions,and general administration;financing and charges;insurance;and contingency. <br />