Two days after our piece about the “remodeling” in progress at 2178 Pine Street, the permit for the approved project was suspended and a notice of violation was sent.
Three days after the permit for 2178 Pine Street was suspended, 125 Crown Terrace collapsed, another approved “remodeling” which had been underway. The next day, an emergency permit to stabilize the floating façade at 2178 Pine Street was triaged, approved and issued.
The permit fees for the previously approved project on Pine Street had been based on an estimated project cost of $250,000 for the “remodel,” $210,000 for shoring up the site, and $80,000 for adding a garage and new steps. The estimated cost for simply stabilizing the façade following the project’s suspension was $50,000 alone.
Wow! Some math. Doesn’t this also have an impact on the assessed value once the thing is completed…if the thing is not sold?
I would hope the assessor’s office was doing their own independent review of the finished construction and not just relying on the info reported to permits.
^ ‘fcourse not, they just go off the permits. Eventually. When they get around to it.
The city doesn’t just use your number you provide for the cost for building or renovations. You can submit with a permit the estimated amount but they review the number and will use an imputed number based on certain criteria already established. With that being said the numbers on this project sound a little on the conservative side.