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Comparables re Lot 1 Development // Eliot Singer

1) The East Lansing parking structure for Center City is going to cost ~$33,000 per space, according to the contractor. The Carl Walker Parking Structure Cost Outlook for 2017 report shows construction cost per space of parking structures in various cities around the country. Detroit was $19,873, Chicago, $23,634, Cleveland, $19,085, Minneapolis, $20,818, to give an idea about midwest cities. http://denver.streetsblog.org/wp-content/uploads/sites/14/2017/10/2017-Cost-Article.pdf 2) The development project in which Harbor Bay is involved that most resembles Center City in East Lansing is The Hub in Minneapolis, near University of Minnesota. That project is now listing floor plans with costs (“starting at” for each … Read more →

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