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Pleasanton Comprehensive Fee Update and Nexus Study November 2024 <br /> <br /> 47 <br />The unit characteristics for each prototype are meant to represent average unit sizes <br />and other generic project parameters. The analysis assumes that the unique unit mix <br />of any particular project will, in aggregate, conform to these average unit sizes. <br />However, any specific project will have its own cost and revenue factors that may be <br />impacted in part by its unit mix. <br />Development Cost Assumptions <br />Housing development costs categories include land acquisition, site preparation, <br />indirect or “soft” costs (e.g., architecture, entitlement, marketing, etc.), and hard <br />costs (e.g., construction labor and materials). For multifamily projects that include a <br />structured garage, EPS also defines parking costs per unit as a separate line item. <br />Data from recent developments and land transactions in the local market have been <br />combined with information from interviews with various housing developers to inform <br />the development cost assumptions used in this analysis. Table 28 calculates the cost <br />per unit for all four development types. More detailed cost calculations can be found in <br />Appendix G. <br />Page 108 of 893