Prepare a budget proposal to redesign below conditions?

Every term we accept international and out$-$of$-$province students. We constantly hear from our students about the challenges they face finding affordable accommodation in B$.$C$.$ Three years ago, we purchased the Wood building located across from our

downtown campus, and we just finished converting it into student accommodation. We currently have: $50$ suites for student accommodation with a small kitchen and bath included

$1$ student gym

$2$ dedicated quiet zones for studying or homework on the $2^{nd}$ and $4^{th}$ floors

$6$ shared washrooms

$4$ rooms with tables and chairs that can be reserved for group study

$3,476SF$ of undeveloped space