YOUR BUSINESS AUTHORITY
Springfield, MO
Owner/developer: The Wooten Co.
General contractor: Oak Grove Construction Services Inc.
Architect: James O’Donnell Architect
Engineers: Tom Edelman Engineering, structural; and Latifi Engineering, mechanical, electrical and plumbing
Size: 58,000 square feet
Estimated cost: $5 million-$6 million
Lender: Springfield First Community Bank
Estimated completion: Late summer (first building)
Project description: The Wooten Co. is adding 48 units across two buildings at its Republic Palms complex. The three-story buildings are evenly split between one-bedroom units, at 900 square feet apiece, and three-bedroom units, at 1,300 square feet. “These are going to complement the other two bedroom units in the facility,” said project architect James O’Donnell. He said the estimated cost would approach $6 million, based on nearly $100 per square feet of construction. The complex’s 144 units are fully occupied, said Jessica Brechbuhler, a property manager with Wooten Co., via email. She said monthly lease rates range from $625 to $950.
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