11-10-2017, 11:08 PM
GRT Northfield Facility Project Update
"The design is approximately 60% complete and is anticipated to be complete in March of 2018. Construction is planned to begin in late 2018."
...
"In October 2017, an updated estimate was received, identifying a construction cost estimate of $104 million. Total project costs, which include construction, consulting, permit fees, site demolition, furniture & equipment costs, internal fees and contingencies have been estimated at $120 million including all applicable taxes. Based on this estimate, the cost per square foot will be $340. In comparison, the 2012 GRT Chandler Facility cost per square foot (adjusted for inflation) was $325. While the pricing is slightly higher for the Northfield facility, it is in line with industry standards."
"The design is approximately 60% complete and is anticipated to be complete in March of 2018. Construction is planned to begin in late 2018."
...
"In October 2017, an updated estimate was received, identifying a construction cost estimate of $104 million. Total project costs, which include construction, consulting, permit fees, site demolition, furniture & equipment costs, internal fees and contingencies have been estimated at $120 million including all applicable taxes. Based on this estimate, the cost per square foot will be $340. In comparison, the 2012 GRT Chandler Facility cost per square foot (adjusted for inflation) was $325. While the pricing is slightly higher for the Northfield facility, it is in line with industry standards."
Everyone move to the back of the bus and we all get home faster.