NSH CDAG Job Commercial Development TablesThe Village at Hospital Hill – Full Commercial Program
Permitted Commercial Development Program (Square Feet) Development Type South Campus North Campus Total Square Feet Light Industrial 175,000 0 175.000 Office 54,000 110,000 164,000 Mixed-Use 75,000 31,000 106,000 Retail 20,000 11,000 31,000 TOTAL 324,000 152,000 476,000
The Village at Hospital Hill
Permanent Job Creation/Retention Projections (10-Year Build-out) Development Type Jobs/SF Projected FTE Jobs Light Industrial 1 Job/1,250 140 Office 1 Job/450 364 Retail 1 Job/500 62 Mixed-Use 1
Job/450 235 Assisted Living .66 Jobs/Unit 52 Total Jobs 853
The Village at Hospital Hill
Full-time Construction Job Projections (10-Year Build-out) Development Type Projected Jobs Total Construction Jobs 179 Demolition 19 FTE for one year Asbestos Removal 30 FTE for
one year Total Commercial Development Construction Jobs 62 South Campus 40 North Campus Commercial 22 North Campus Residential & Assisted Living 68
Source: RS Means Construction Data supplied by New England Deaconess Association for construction job multipliers.
Demolition and asbestos removal multipliers by Costello Dismantling Co.
General Construction - 62 FTE per $40 million of construction cost (plus 5 percent increase in labor for every additional $5 million in construction cost).
Demolition - 4 full-time workers for one week or 160 work hours per $25,000 in contract value. Estimated demolition costs are $6 million.
Asbestos Removal - 10 full-time workers for one week or 400 work hours per $40,000 in contract value. Estimated asbestos removal costs are $6 million (assumes 2,000 work hours/year/worker).