Lesley Retail Addn-CS080326
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Ken Griffin - Re: Dividend Road extension to the east approx 600'
From:Ken Griffin
To:Todd Jones
Date:3/26/2008 9:20 AM
Subject:Re: Dividend Road extension to the east approx 600'
CC:Clay Phillips
Todd
The cost that the city pays for road construction is sometimes quite different in price from what a
developer can negotiate. The city has also noticed lately that the price of projects are escalating in
price at a rapid pace. The per foot prices below are typical of what the city would pay today in a
competitive bid process.
If Dividend Drive is extended as a 4 lane divided boulevard section, then it should cost in the range of
$650-$700 per foot. If it is extended as a 41 foot wide 4 lane undivided section (similar to Wrangler
and Airline) then it should cost in the range of $500-$550 per foot.
Hope this is helpful.
Ken Griffin
>>> Todd Jones <tjones@republicproperty.com> 3/24/2008 9:51 AM >>>
Ken I have attached an aerial of the 28 acres the Lesley family still owns. They are thinking about moving ahead
with horizontal development of this property. What would you estimate on a per LF the cost to extend Dividend
approx 600' to the end of our property?
Thanks in advance for your time. I hope you had a good weekend. A&M almost pulled it out!
Todd Jones
Senior V.P.
Republic Property Company
5605 N. MacArthur Blvd.
10th floor
Irving,Texas 75038
Office - 972-819-3865
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Mobile - 214-507-3774
Fax - 972-819-3644
tjones@republicproperty.com
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