Transcript OUC

OUC
Administration Building
Reliable Plaza
North FL AACEi
May 21, 2009
Background
 OUC parking garage demolished by FDOT due to
the I4/408 Expressway Interchange expansion
 Settlement compensation between OUC & FDOT
from the impact of this expansion
 Lost of parking garage
 Impact to operations, customers and employees
 Relocation of employees and departments to other OUC
facilities and leased a building in downtown
 OUC needed to evaluate and select available real
estate options and sites to accommodate OUC’s
space program requirements
Evaluated Options
 Refurbish existing Adm Bldg and build a new parking
structure
 Build new bldg and parking garage at existing OUC’s
site (west of existing bldg)
 Build new bldg and parking garage on other OUC’s
property (Lake Highland site)
 Build new bldg on purchased property
 Purchase an existing building
 3rd party development (partial ownership of a
building/garage)
 Sell or lease existing building
Evaluated Options
 Hard construction costs
 Site work
 Building structures
 MEP
 TI
 Site acquisition (Owned or Purchased opportunity)
 Parking
 Parking with garage (detached from building, under building, surface)
 Soft costs
 Design/Permitting
 Misc. fees
 Temporary relocation
 LEED certified building
 Other owner costs
 IT Hook up
 Moving
 Owners Representative fees
Project Partners
 Select PBS&J as Owner’s Representative
 As the “go to” consultant
 Assist in the writing of the Architect Statement of
Qualification (SOQ)
 Assist in the evaluation of all available options
 Assist in the execution of the selected option
 Select Real Estate Research Consultants to perform
financial model
Project Partners (Cont’d)
 Baker Barrios Architects – Core & Shell
 Hunton Brady Architects– Interior
 TLC Engineering - MEP
 SKANSKA USA/JCB – GC
 GAI – Civil Engineers
Summary of Project Costs
Option
Project Cost
Refurbish Existing Bldg
$31,059,440
New Building on Existing Site
$32,819,000
New Building on Existing Site with
Third Party Developer
OBT & 50 – McNamara Pontiac
Approximately
$29,000,000
$30,172,000
500 E. Princeton
$27,167,000
Lake Highland
$29,515,000
Parramore
$35,366,000
Developer Offer (Kuhn)
$35,947,000
Construction Management at Risk
 SKANSKA USA/JCB
 Delivered pre-construction services such as schedule,
budget and constructability reviews
 Centralize responsibility for construction under a single
contract
 Subcontracted the work and guaranteed the cost and completion
of project
 Contractor fee based as part of the building design
 Contractor provides a price with a maximum cap at the
90% design point
 At the completion of design, the contractor agrees to
construct at the agreed price or OUC can go back out to
bid
Challenges
 Boone Avenue Extension
Parking Structure Efficiency Loss
Two Additional Stair Tower Stops
Four Additional Elevator Stops
Additional Elevator Lobby Finish
Additional Exterior Cladding
Speed Ramp Access
Program Growth 11,644SF
Total Cost Impacts by City
$1,376,183
Challenges (Cont’d)
Challenges (Cont’d)
 Redesign of the 10th floor - $100,000
 Redirect storms collection pipe - $80,000
Project Budget










Original Project Budget
Budget Correction
Construction/Material Escalation
Boone Blvd Extension
Renewable Energy Systems
Building Program Increase
Unique Building Features
Core/Shell – Design Mod/Hard Bid
TI – Design Mod/Hard Bid Reconcile
Direct Costs by owner
January 07
$32,819,000
891,703
2,018,068
1,376,183
1,246,902
1,663,336
2,426,969
Inc
Inc
Inc
March 07
$32,819,000
891,703
2,018,068
1,376,183
1,431,842
1,663,336
3,380,589
1,500,000
630,810
1,538,469
 Design, Asbestos, Furniture, Insurance




OUC/Design Contingency
Subtotal
Tax Credit / VE Items
Target Project Budget*
Inc
650,000
$42,442,161 $47,900,000
($ 1,000,000) ($ 1,100,000)
$41,442,161
$46,800,000
* Approx. $10,000,000 will remain from the FDOT Taking of the Garage
General Information
 128,000 square feet – 1st floor Customer Service, 16 parking, 7-10 office
 Connected to OUCooling and use of OUConvenient
lighting
 Public Building
 15,000 Customers though the building per month
 3 Drive through payment service lanes
 345 Employee work spaces at move in
 355 Garage parking spots
 45 surface customer and visitor parking spots
 Approximately 10,000 square foot available for
growth past 5 year plan
Why LEED Certification?
 Energy efficiency and water conservation
have always been a priority and OUC is
setting an example for all future
developments by being the greenest building
downtown
*LEED Gold Certification is approximately 6%
of building costs
Project Budget










Base Building (Core & Shell)
$20,995,163
Design & Permitting
2,519,649
Site selection / feasibility
400,000
Parking
7,200,000
Renewable energy & water / conservation 1,431,842
Unique building features
3,380,589
Interior improvements
6,400,610
Furniture & loose walls
2,672,147
Information Systems equipment
600,000
Asbestos removal & demolition
1,200,000
of existing building
 Total
$46,800,000
Renewable Energy & Water /
Conservation
 Leadership in Engineering and Environmental Design
(LEED)
 Solar Electric Panels
 Solar Hot Water Panels
 OUCooling
 High Performance Glass
 Cistern for Roof Water Collection
 Raised Floor Design
 High Efficiency HVAC System
 Recycled & Low Volatile Organic Compound (VOC)
Emitting Materials
 Designed for a LEED Gold Rating
Solar Electric Panels
 30 KW of photovoltaic panels
 2,000 square feet
Solar Hot Water
 Reactive System designed to supply all
building hot water needs.
OUCooling
 Connected to OUCooling
 Saves up front capital
 Great environmental performance.
OUCooling operates 10% to 20% more
efficient than a stand alone building chiller
systems
 No maintenance or annual contract worries
High Performance Glass
 Clear Glass for Maximum Light
 Winter U value – 0.29
 Shading Coefficient – 0.27
 Solar Heat Gain Coefficient – 0.23
 Allowed for daylight harvesting LEED point
Cistern for Storm Water Collection
 30,000 gallon cistern to collect storm water from
the buildings roof
 System designed to meet 95% of irrigation needs
(Landscape designed for low water needs)
 Circulating filtration system to look like a fountain
Raised Floor Design







Tate Raised Floor
14 inches off of the floor
Allowed for the floor to ceiling height to be reduced
All electrical and HVAC is under the floor system
Allows for cleaner air and more localized temperature control
Allows for re-configuring work areas at a very low cost
HVAC is Johnson Controls-York equipment installed by S.I.
Goldman
High Efficiency HVAC
 All major HVAC components are equipped
with variable speed drives
 Energy recovery is provided for Ventilation
Air reducing impact on cooling load
Recycled & Low Volatile Organic
Compound (VOC) Emitting Materials
 Utilized these materials where possible.
Education Center
http://hq.ouc.greentouchscreen.com
Owner Needs and Goals
 OUC needed and wanted to build a building
that will be an example to others
 Our goal was to build a Gold rated building
that had carefully selected points for the right
reasons
 We were also willing to make the “right
choices” even if it did not achieve a LEED
point