Committee questions per-unit cost, relocation and wage impacts on Needham project
Members pressed the project team for per‑unit cost and relocation details: the project team said total development cost is approximately $47 million for 86 units and identified relocation, Davis‑Bacon prevailing wage and reserves as drivers of higher per‑unit costs.
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Committee members asked for clearer per-unit calculations and details about non‑construction costs that affect total development cost. The presenter said the project has 86 units (mostly studios, some one‑bedrooms and a few two‑bedrooms) and provided an overall development cost figure; members calculated an average per‑unit cost in the mid‑$500,000s and requested written confirmation.
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