Looking for Feedback on a MFH Construction

[Harish Nandipati]

Hello Every one,

I am planning a 15 Unit MFH in Tucson Arizona . I already acquired the land and taking bids from Civil engineering, Architects and Builders.

I am trying to get this project done under 90$/sft to be Competitive in the market. I am hoping to spend 10 to 15% in Soft costs, 10 to 15% in Closing, Financing and Appraisal, 40 to 50% in Hard costs. 20 to 25% will be the equity that i would like to have by the time its done. Please advice me whether is this some thing that i can get in the current market. Some of the builders i talked to told me that getting it done for 90$ is not unreasonable but i don't have lot of trust on the builders.  Could you guys please also advice me what i should spend on Engineering costs

Civil Engineering and Architectural ?

Any input is greatly appreciated