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Library / Commercial

Meridian Commerce Center

A twelve-storey steel-framed speculative office building with a unitised curtain wall, delivered core-and-shell with one spec suite fitted on Level 3.

Gross area268,000 sf
Storeys124.00 m floor to floor
Elements12,772195 data rows
Total dev cost$98.8M$369/sf
NOI$7.5M
Yield on cost7.56%+81 bps over a 6.75% cap

Download .mass · 12.6 MB Executive report All files

Issued drawings

Generated from the model — column positions, wall runs, space polygons and grid spacing are read out of the IFC — so a sheet cannot drift from the building it documents. ARCH-D, 5 of 20 registered sheets issued.

A1.01 — Overall Floor Plan Level 1
A1.01 Overall Floor Plan Level 1open full ↗
A2.01 — Building Elevations
A2.01 Building Elevationsopen full ↗
E2.01 — Power and Lighting Plan Typical Level
E2.01 Power and Lighting Plan Typical Levelopen full ↗
G0.01 — Cover Sheet and Project Data
G0.01 Cover Sheet and Project Dataopen full ↗
S2.01 — Framing Plan Typical Level
S2.01 Framing Plan Typical Levelopen full ↗

LOD record coverage

Share of IfcElement occurrences carrying each part of the record, read out of the IFC inside the container.

LOD stage100%
As-built record100%
Measured dimension100%
Manufacturer78%
Classification100%
Material91%

Manufacturer and material fall short of 100% by the same reason: an IfcOpeningElement is a void and an IfcElementAssembly is a grouping — neither is a thing anybody manufactures or pours.

Assemblies1,116
Reinforcing bars0
Fasteners3,768
Analytical members2,748
MEP ports1,098
Spaces108267,992 sf modelled

Programme

SpaceTypeLevelsArea % of gross
Lobby + retailLobby111,500 sf4.3%
Office floorplatesOffice10218,000 sf81.3%
Core, MEP and serviceCirculation / Core1230,500 sf11.4%
Roof plantMechanical18,000 sf3.0%

Cost and programme

Largest divisions

05 — Metals$9,783,10015.0%
03 — Concrete$8,629,20013.2%
01 — General Requirements$5,788,8008.9%
23 — Heating, Ventilating & Air Conditioning (HVAC)$5,642,2008.7%
26 — Electrical$5,642,2008.7%

Revised budget $65.2M · forecast at completion $65.7M · variance -0.75%.

Registers

Approvals7
Risks9
Phase gates8
Long-lead packages7
Sheets registered20
Sheets issued5

Unweighted risk exposure $8,940,500 and 170 days, against a carried contingency of 5%.

Schedule — 02 Mar 2026 to 24 Dec 2028, 34 months

PhaseTradeStartFinish Working days
Mobilization and site logisticsSiteworkMar 2026Apr 202629
Mass excavation and shoringSiteworkApr 2026Jun 202652
Foundations and below-gradeConcreteJun 2026Oct 202674
SuperstructureStructureOct 2026Apr 2027147
Building envelopeEnvelopeApr 2027Sep 2027111
MEP rough-inMEPSep 2027Mar 2028118
Interior build-outInteriorsMar 2028Jul 202896
Finishes and fit-outFinishesJul 2028Oct 202859
Commissioning and turnoverCommissioningOct 2028Dec 202852

Development pro forma

Uses of funds

Land acquisition$9,000,0009.1%
Hard cost$64,320,00065.1%
Hard cost contingency (5%)$3,216,0003.3%
Soft cost (24%)$16,208,64016.4%
Construction period interest$6,077,3636.1%
Total development cost $98,822,003100.0%

Returns

Stabilised value$110,742,364
Development profit$11,920,361
Unlevered IRR (7-yr)11.67%
Levered IRR (7-yr)14.67%
Equity multiple2.33×

Synthetic sample project. Figures are internally consistent and derived from one set of assumptions in tools/sectors.py — they are not market data.

Every file