Wally from YT JW Thoughts did a video recently on a $1 million award that was given for the residences being developed as part of the Ramapo compound. Because of applying to enter this competition they were required to list the cost of the project.
These are the details
Comprising 645 market-rate units, The Residences will feature mass-timber structural systems (reducing embodied carbon), green roofs, and an energy recovery system on the building’s drain system. Heating and cooling are centralized from a closed-loop geothermal system comprised of 280 wells at 800-ft depth, the largest to date in New York State. Aggressive heat recovery strategies and use of on-site renewables (3,200 KW photo-voltaic system coupled with utility grade battery storage) are all managed by a behind-the-meter micro-grid control through high-efficiency systems. This results in an attractive, functional and energy efficient design that will achieve Carbon Neutral-ready performance.
The building will be designed and built to achieve ENERGY STAR and LEED standards.
REDC Region: Mid-Hudson
Status: Construction Documents
Completion Year: 2027
Number of Stories: 5
Building Gross Area: 735,020 Square Feet
Housing Units: 645 Market Rate
Total project cost: $168,000,000.00
Total project cost per sq ft: $228.57
Climate Friendly Carbon Neutral or Future Electrification
Certification Pathway: ASHRAE 90.1 2016
Health, Resiliency, and Sustainability Certifications: LEED Certification, ENERGY STAR MFNC
Technical attribute summary: All Electric, Net-Zero Energy, Hybrid Mass Timber, Mineral Wool Insulation, Rigid Insulation, Double Pane Windows, Central Plant with Heat Pump Chillers, Ground Source Heat Pumps for Cooling, Heating, and Domestic Hot Water, and Electric Boilers as back-up, DOAS with Enthalpy Recovery Wheel + 4-Pipe Fan-Coil Units, MERV 13 + MERV 8 filters, Vented Electric Clothes Dryer, Electric Stove, onsite Solar PV with a capacity of 3,275 kW, Battery Storage, Building Monitoring System, Occupancy and/or Vacancy Sensors, Occupancy Based Setbacks for Heating and Cooling Controls, Indoor Air Quality Monitoring and Controls, Demand response management system, 40 Vehicle Charging Stations, Interior Bike Storage for 545 Bikes
Non-Energy Benefits: Resiliency, safety and wellness of occupants, comfort benefit
This shows the cost of building 645 residential units at Ramapo will cost an estimated $168.000.000. This does not include the cost of the land or any other structures on the property, such as the studio itself.
There will also be a huge ongoing cost to not only maintain these units, there will be the cost of supporting those residing in them.
It's interesting that there will be parking storage for 545 bikes. At that rate, the JWs are going to look more like Mormons.
