ABC Developments is developing a ten-storey, 10,000 m2 building in Toronto. The first 1,000 m2 floor is retail use, the next two floors having a total of 2,000 m2 are office use, and the upper seven floors consist of 100 two-bedroom condominium units. Total construction cost for retail space is $3,000/m2, the office floor costs $2,500/m2, and each two-bedroom condominium unit costs $350,000. The surface 100-car parking lot is costed at $10,000/car space. What is the preliminary estimate for the project in $/m2 of floor area? Use the Building Floor Area Cost Method.

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