The cost of tearing down an old mall and building a new one can vary significantly based on several factors, including location, size, local construction costs, and the complexity of the project. However, I can provide a rough estimate.
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Demolition Costs: The cost to demolish a mall can range from $5 to $15 per square foot, depending on the size of the structure, the materials used, and environmental considerations (like hazardous materials). For example, if the mall is 300,000 square feet, demolition could cost between $1.5 million to $4.5 million.
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Construction Costs: The costs for building a new mall vary widely but generally range from $100 to $300 per square foot, again depending on design, materials, and location. If you're constructing a new 300,000 square foot mall, this could cost anywhere from $30 million to $90 million.
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Additional Costs: Consideration should be given to additional expenses, including:
- Site preparation (grading, utilities, etc.)
- Permits and fees
- Landscaping
- Interior design and build-out costs
- Parking lots or garages
With these factors in mind, a rough estimate for the total project (demolition plus new construction) for a 300,000 square foot mall could range from about $32 million to $94.5 million.
Keep in mind that these figures are rough estimates, and local factors can dramatically influence the overall costs. It's always recommended to consult with local contractors and professionals for precise quotes tailored to your specific project.