Committee hears options for Centennial Building after $120 million renovation estimate
Department of Personnel Administration officials told the Capital Development Committee that renovating the Centennial Building (1313 Sherman) for office use would cost about $120 million, P3 residential conversion would still require large state subsidies, and an appraisal is pending to inform next steps.
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Tobin Follenweider, deputy director of operations for the Department of Personnel Administration, told the Capital Development Committee on Feb. 25 that the Centennial Building at 1313 Sherman is 50 years old, has a failing heating and cooling system, outdated tenant space and non‑friable asbestos, and that a full office renovation is currently estimated at about $120,000,000.
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