To: Ines Bisset
From: Alyssa Halages
Subject: Le Palaise d’argent Construction Recommendation
Dear Ines,
After carefully analyzing and comparing the benefits and drawbacks of each construction option, I
recommend that Adaptive Re-use would be the most beneficial in every way. In the table below, I’ve
projected the costs for all desired amenities within both potential scenarios:
Description
Residential Space
(200,000 sq. ft)
Restaurants (67,000 sq.
ft)
Retail Space (182,000 sq.
ft)
Parking (45,000 sq. ft)
SUB-TOTAL
Contractor Fees
Architectural Fees
SUB-TOTAL
($238/sq.ft)
Adaptive Re-use
47,600,000
($264/sq. ft)
New Construction
52,800,000
($183/sq. ft)
12,261,000
($174/sq. ft)
11,658,000
($183/sq. ft)
33,306,000
($174/sq.ft)
31,668,000
($3.24/sq. ft)
145,800
93,312,000
($3.24/sq.ft)
145,800
96,271,800
20%
6%
16,662,400
5,598,720
22,261,120
20%
8%
19,254,360
7,701,744
26,955,804
TOTAL
115,573,120
123,227,604
Along with being the cheaper option, there are multiple reasons that Adaptive Re-use is the overall best
way to go for this facility, a few of the benefits are:




Cultural Preservation for the Community
Increases value and demand
Reduces industrial waste
Creates a positive impact for surrounding areas
Drawbacks:


Can’t change the building layout
More potential maintenance issues
In the short-run, renovating instead of demolishing is the better option overall. There are potential issues
in the long run due to maintenance but that can be of any building. If you have any questions or concerns,
please don’t hesitate to contact me at 205-555-555 or by email.
Regards,
Alyssa Halages