HomeMy WebLinkAbout05/22/1995, Agenda & BLACKSTONE HOTEL �IIIIIIIIIII ���II II 11111111
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COUNCIL AGENDA
Monday, May 22 1995 - 11:00 AM
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BLACKSTONE HOTEL
840 Monterey Street
San Luis Obispo, CA
CALL TO ORDER: Mayor Allen K. Settle
PLEDGE OF ALLEGIANCE
ROLL CALL: Council Members Bill Roalman, Kathy Smith, Dodie Williams
Vice Mayor Dave Romero and Mayor Allen K. Settle
PUBLIC COMMENT....:...P....,..
PERIOD (Not to exceed 15,mrnutes total}'
The C'ouncrl wefcorres your. input Yau may ,address the Councrt by=cornpfet►og a
peckers shp and giving M to the City Clerk prior o the,meeting At this frme,yoy may
address the :::- — l on rterns that are not on the,agenda or stems on the Consent Agentla
Time limit is tires minutes Stat e aw'does not a11ow CQunerl to;drscuss or take ac#ron on
issues not on the agenda, except that members of the Council or staff may bnefly respond
#o statements:made or questions posed by persons exercising #herr pubil .c tes#rrMony rights
(Gov Code§549542} Staff may be asked to follow up on such Mems'; Staff reports and
other wntten documentation relating to each Mem referred to on'thrs agenda are on file n
the City Clerk's Office to Room #1'of QW. Hall
The City Council will depart from City Hall at 11:00 a-m. and walk to the former Blackstone
Hotel for a tour.
Please wear comfortable walking shoes, casual clothes and bring a flashlight.
COMMUNICATIONS:(not to exceed 15 minutes}
At#his#line, any Concrl Member or the City Admorstratne Officer may ask a goes#ion;for
clanficatron, make ori announcement, or . ort bnefly an his or Iter actiuitres [n addition,
subject to Council Poficies and Procedures;they........m....;.................4...a....
.....
..............
ay provide a reference to staff or other
resources:for"factual �nformatron, request staff to;repoit back to;Counc f at a subsequent
meeting o nceming any mater, or take action to'dleectstaff to olaee .matter-of business
on a future agenda
A. ADJOURN TO TUESDAY, MAY 23, 1995 AT 7.00 P.M. IN THE COUNCIL CHAMBER.
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Blackstone Hotel Rehabilitation
• 15 Residential units plus 7200 s.f. of commercial space.
• To be administered by the Housing Authority of the City of San Luis Obispo.
• Existing structure is unreinforced masonry with wood framed floors and roof.
Downtown Housing Study design team:
Thomas Reay, Architect
Andrew Merriam, Planner
Robert Vessely, Civil Engineer
May 22, 1995
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Ground Floor Plan
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Studio Apt 6
AcnessiNe.
554 SF _
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Apartment T -
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546 SF
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' Courtyard �
Apartment 5 ,. ..
Av=lble Public Area
562SF
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Retyl. j
Apartment
Ae Laundry
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525 SF 1. Apartment 2
Non-H.A.
440 SF
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-Apartment 3 ! Apartment I.
AccesslWe Non-HA.
560 SF 463 SF
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Second Floor Plan _
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600 SF
A=MiblC
640 SF
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Apartment 12.. Apartment 13 .
Ameisibie 'A=wible
562SF 590 SF
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Apartmentll
Aa Ible
i 525 SF I Apartment 9
Nan-HA
440 SF
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Apartment 10 Apartment 5
Aae351ble Non-MA.
560 SF I 403 SF
....Third._Flo.of P_.Ian_..._.._.________..___._. .__. __
Cost Evaluation: Blackstone Hotel
(May 18, 1995)
The Blackstone Hotel is proposed for rehabilitation with 15 units of housing on the
upper floors and revised commercial retail on the ground floor. The basic statistics
on the buildings use are as follows:
ground floor commercial 7,186 sq.ft.
upper floors residential 11.400 sq.ft.
total 18,586 sq.ft.
Costs were generated by McGonagill Brothers Construction Company and
Thomas Reay, Architect and include all development and construction costs as
well as the seismic retrofit and fire sprinklers.
The major components are:
1. Demolition $ 66,000
2. New Construction 1,320,982
3. General labor and supervision 122,273
4. Overhead and Profit (on items 1+2) 208,047
5. 10% contigency 138,982
6. Asbestos Contigency 30,000
Subtotal construction $1,8869000
7. Arch/Engineering fees, printing etc 75,000
Total $1,9611000
Cost per square foot $ 105.02
Cost to construct 15 units ($11,400 s.f. x $105) $1,197,000
Cost per unit (no land costs included) $ 79,800
This compares with Laurel Creek units (no land) @ $ 80,800
Land.Cost is the cost of acquisition of the upper floors of the Blackstone building.
The Appraisal report prepared by Schenberger, Taylor, McCormick and Jecker
gave a total value of$920,000 to the property of which $ 200,000 was assigned to
the residential floors (now vacant).
Land value per unit ($200,000 / 15) $ 133300
Cost per unit 79.800
Total cost per unit $ 93,100