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Appendix Table G-4 <br /> Market-Rate Prototypes and Development Cost Assumptions <br /> Pleasanton Inclusionary Zoning Ordinance Update <br /> Multifamily Attached Podium <br /> Item Assumptions Per Unit <br /> Development Prototype <br /> Tenure Rental <br /> Parcel Size 1 acre <br /> Density 75 units/acre <br /> Unit Size 800 sq.ft. <br /> Number of Bedrooms 1.0 per unit <br /> Amount of Parking 1.5 per unit <br /> Development Costs <br /> Land Costs $5,000,000 per acre $66,667 <br /> Site Preparation $30 per sq.ft. of land $17,424 <br /> Subtotal, Land $84,091 <br /> Direct Construction Costs $325 per sq.ft. $260,000 <br /> Parking Costs $50,000 per space, podium $75,000 <br /> Builder Fee 5.0% of direct costs, incl. parking $16,750 <br /> Subtotal, Direct Costs $351,750 <br /> Development Impact Fees [1] $60,692 per unit $60,692 <br /> Indirect Costs [2] 20% of direct costs $70,350 <br /> Subtotal, Indirect Costs 37% of direct costs $131,042 <br /> Total Construction Costs $566,883 <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 />