The developer's total renovations cost equates to $17.86 per sf, about five times less than the construction of a new asset, according to construction estimators familiar with comparable projects.
During the later stages of development, an additional building of undetermined size will be added to house the professional services of attorneys, mortgage brokers, architects and other support services.
Streeter bought the building in 1997, intending to it as a warehouse and distribution center, but a year later decided to develop the design center.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
