THE RENOVATION OF 300 LACKAWANNA AVE

Team 4: Marissa Conway, John Kresge, Tommy Moran, Mike Kavulich, Brandon Ross,

Brittany Baron

Project Overview

Project Scope

Create an Start-Up

Plan

Resources and Risks

Completed Project

The flow of this project presentation will follow the above timeline

Project Overview

Project Scope

Create an Initial Start-

Up Plan

Resources and Risks

Completed Project

• Scope Statement• Project Description

Project ScopeTo renovate and create high income producing structures such as offices, lounges, conference center and a physical fitness facility in the 102,500 square foot former Bon-Ton. This project will take no longer than three years with a budget of $10 million. The ending result of this project is intended to bring back downtown Scranton into the economical state it once was.

Project DescriptionTo renovate and create high income producing structures inside the former Bon-Ton located in the Mall at Steamtown, in aspiration to stimulate its productivity.

Project Overview

Project Scope

Create an Initial Start-

Up Plan

Resources and Risks

Completed Project

•Location•Future Goals Photos

•Factors of Production•Budget•Dependency Linkages•Existing Space Photos

•Gantt Chart•Work Breakdown Structure•Floor Plans

Renovation Location

This is an ariel view of the Steamtown mall with focus on the Bon-Ton

Renovation Space

This is the current Bon-Ton entrance located at 300 Lackawanna Ave

Future Goals

This is a visual of the conference center (left) and lounge (right) that we intend to create

3%

30%

15%

5%5%

12%

22%

8%

BudgetPermitsConstructionTechnologyOffice FurniturePURE RoomInterior Designer Building SuppliesFitness Facility

Start Up Cost Analysis

Budget: 10 million dollars

The largest portion of our

budget goes to construction,

building supplies, technology, and interior design

$300,000

$3,000,000

$1,500,000

$500,000 $500,000

$1,200,000

$2,200,000

$800,000

Permits

Construction

Technology

Office Furniture

PURE Room

Interior Designer

Building Supplies

Fitness Facility

Dependency Linkages

Choose Architectural

Engineer

Purchase Facility

Determine Project Layout

Obtain Permits

Choose Contractor Demolition Construction Completion

Existing Bon-Ton Space

After meeting with the director of operations at the Steamtown Mall, these are photographs taken on January 27, 2015 inside the Bon-Ton

Existing Bon-Ton Space

After meeting with the director of operations at the Steamtown Mall, these are photographs taken on January 27, 2015 inside the Bon-Ton

Gantt Project Chart

With Time being so important to the renovation of Bon-Ton, this shows an alternative view of the time span of project completion

Work Breakdown Structure

Bon-Ton

Acquisition

Real Estate

Lease/own space

Mall Manager

Acquire Floor Plan

Architectural

Engineering

Construction, Designs, and Operations

Interior Design

Review interior design bids that

fit budget

Decide on interior

atmosphere culture

Building

Contractor

Demolition Renovation

Government

Permits

Building, Mechanical, Plumbing, Electrical

Inspection

Building Inspection

Occupancy Inspection

This is an overall view of our work breakdown structure that is then divided and individually explained in the slides to come

Work Breakdown Structure: Acquisition

Real Estate• Leased space for

$200,000 per year not including utilities

• Utilities including heat costs estimated at $4,500 monthly

• Energy efficient lighting offers rebates from the government

Acquisition

Real Estate

Lease/own Space

Work Breakdown Structure: Acquisition

Mall Manager• Plan meeting with director of

operations, Matt, of the Steamtown Mall

• Original floor plans of 102,500 space will aid in the development of future office, space, lounges, and fitness facility

• Access to empty floorplans that do not include structures implementeded by Bon-Ton that will be removed during demolition

Acquisition

Mall Manager

Acquire Floor Plans

Work Breakdown Structure: Architectural

Engineering • Architectural engineers

will focus on the structure and stability of the project

• Masters lighting, heating, cooling, ventilation, sustainability and fire protection

• Ensures the project remains functional and safe

Architectural

Engineering

Construction, Designs, Operations

Work Breakdown Structure: Architectural

Interior Design• Interior designers will be

hired to beautify and determine space requirements by selecting decorative items

• Create tone and atmosphere of business

• Average hourly charge is $150, therefore time completion of project must be considered from potential designers to be hired

Architectural

Interior Design

Decide On Interior

Architectural Structure

Review Interior Design Bids

That Fits Budget

Work Breakdown Structure: Building

Contractor• Contractors must be

hired to complete the tearing down of the interior of the structure

• Hired contractors must then safely complete the renovation following the interior designers request start April 1, 2016 and able to finish by October 27, 2016

Building

Contractor

Demolition Renovation

Work Breakdown Structure: Government

Permits

• Authorization and consent is required to legally complete this project

• Mechanical permits will be necessary due to the venting process of heating and cooling

• Plumbing permits will be needed to replace water heaters and underground piping and alter piping inside the walls or ceiling.

• Electrical permits will be required for

Government

Permits

Building, Mechanical, Plumbing, Electrical

Work Breakdown Structure: Government

Inspection• Upon completion a

commercial inspector from the city of Scranton will inspect the structure for safety and accuracy of plumbing, mechanical, and electrical

• A code enforcement and zoning officer inspect that there are no code violations

• Adequate fire extinguishers, proper exit signs and any other issues will be held during occupancy inspection

Government

Inspection

Building Inspection

Occupancy Inspection

Qualitative Risk Assessment

- Exceeding budget- Exceeding schedule

- Unable to acquire permits - Unoccupied space

-Design variations -Faulty infrastructure -Quality expectations

Consequences

Like

lihoo

d

Low High

Hig

hLo

w

Quantitative Risk Assessment Probability of Failure (Pf)• Exceeding budget (.9)• Unable to acquire permits (.7)• Unoccupied space (.9)• Exceeding schedule (.9)• Design variations (.3)• Faulty infrastructure (.9)• Quality expectations (.7)

.7+.7+.9+.9+.3+.9+.7/ 7=.

.3 Low

.7 Medium

.9 High

Quantitative Risk AssessmentConsequences of Failure (Cf)• Exceeding budget (.7)• Unable to acquire permits (.7)• Unoccupied space (.9)• Exceeding schedule (.9)• Design variations (.3) • Faulty infrastructure (.7)• Quality expectations (.3)

.7+.7+.9+.9+.3+.7+.3/7

Floor Plans

This is the first floor of the empty mall anchor space before the Bon-Ton structures were implemented

Floor Plans

This is the second floor of the empty mall anchor space before the Bon-Ton structures were implemented

Project Overview

Project Scope

Create an Initial Start-

Up Plan

Resources and Risks

Completed Project

• Factors of Production

Factors of Production• Acquire Permits

• Building• Mechanical• Plumbing• Electrical

• Renovation • Demolition• Building of Office Structures• Interior Designing

Factors of Production• The factors of production are resources that are the

building blocks of the project• Building Inspection • Estimation Bid • Architectural Engineer• Interior Designer

Factors of Production

Project Manager

ContractorsArchitect

DesksChairs

CouchesCarpeting

TechnologyWebcast

TVsComputers

Bonton Entrance

Bon ton 1st Floor

Bonton 2nd Floor

Key Project Milestones

Obtain Bon Ton(DATE)

Select Architect

Acquire Permits Demolition Renovatio

n

LAND ALTERATIONS  

$ 3,019,570.00

Land $

1,500,000.00

Grass $

196,020.00

Sand $

4,800.00

Land Clearing $

150,000.00

Irrigation $

500,000.00

Parking Lot $

200,000.00

Greens $

450,000.00

Bunker Sand $

18,750.00

ITEM PRICE Total for Section

BUILDING SUPPLIES  $2,200,000.

00CARPENTRY $600,000.00 PLUMBING $400,000.00ELECTRICAL $600,000.00INTERIOR $300,000.00MASONRY $300,000.00

PAPERWORK  Lease Contract

Construction Permits $ 1000.00

TECHNOLOGY  

$ 1,500,000.0

0COMPUTERS $500,000.00T.V. SCREENS $ 100,000.00COPY MACHINES $ 100,000.00FAX MACHINES $ 150,000.00AV EQUIPMENT $ 300,000.00

CONSTRUCTION  

$ 3,000,000.0

0Demolition $ 200,000.00

Offices $

1,600,000.00Conference Center $ 300,000.00Lounge $ 200,000.00Fitness Facility $600,000.00

OFFICE FURNITURE  

$ 1,500,000.0

0 DESKS $200,000.00CHAIRS $50,000.00COUCHES $200,000.00CONFERENCE TABLES $50,000

 

Cost Analysis

Constraints

Constraints

Equipment

Financial

Time

People

Constraint: People Necessary Qualified Workers• Project Manager• Contractor• Plumber• Electrician• Interior Designer • Carpenter

Constraint: Equipment

• Suppliers unreliable in delivering materials

• Construction devices can cause mistakes, accidents as well as complete failure

• Technology failures

Constraint: Financial• Inaccurate construction estimates

• Need readily accessible funds

• Miscellaneous costs• Excess demolition• More building materials

Constraints: TimeProject Interval: 2 years• Contractor delay

• Building materials on backorder

• Obtaining permits

AssumptionsTeam 3 will hold up their end by selling the Bon ton portion for 2 million

Permits will be granted Time constraints will realistically mimic the Gantt chart

Construction and office supplies will appear as expected

SWOT Analysis

• Proof of capability to survive

• Attracts loyal employees

Strengths• Environment• Few Customers

Weaknesses

• New IT company• Not many competitors

Opportunities

• Competition • Costs to maintain• Weak Internality

Threats

SWOTAnalysis