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Overview of costs for Parkview East Apartments <br />Construction costs: $13,927,100 <br />Improved land: $1,886,052 <br />Platting Fees and Permits $1,353,468 <br />Soft Costs (Financing, Interest, Legal, Accounting) $780,189 <br />Contingency $300,000 <br />Total $18,246,809 <br />Project Narrative: <br />The proposed project will be a 122 unit market rate apartment to be located in the COR. We have <br />incorporated a high level of aesthetic items that will be visually pleasing to guests and residents of <br />Ramsey, MN. The exterior will include Nichiwa panels, stone, brick, cantilevered balconies and building <br />accents that complement both the residential and commercial districts. This project is adjacent to the <br />Draw Park, there will be green spaces, patios and walking trails that connect to the Draw Park. We <br />anticipate our tenants to be a diverse cross section of many demographics. <br />