GlobeSt.com couldn't reach company officials at publication deadline to learn construction costs, individual building sizes and projected rents at the class A Cornerstone Office Park. But Daytona Beach brokers familiar with the project tell GlobeSt.com Con-Tomoka hopes to have the first wave of tenants in the four buildings by late 2003.
Projected full-service rents would be in the $21 per-sf to $24 per-sf range, considerably under the existing $25 per-sf to $28 per-sf range in neighboring Orlando. The project would be Daytona Beach's first class A office park.
Area construction industry estimators tell GlobeSt.com the class A venture can't be built for under $150 per sf today. If the one million sf is developed, the estimated hard construction cost would be $150 million.
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