Building an Apartment!

[Shane Collins]

I found a beautiful plot of land in northern Kentucky with an amazing view of the city, this question is super generic and depends on a lot of factors but: how much does it cost to build a 3 story 5000sq ft building that's not a killer for insurance with balconies?! Does anyone have any success building like this? I know the big companies usually swoop up this kind of land and offer custom homes but I think a nice apartment building could work I'm just not sure about the math. Any other advice?!

[Coleman Nelson]

I don't have any experience with development, but over here in Fort Thomas a year or two ago a company took a 1 building apartment community and have built or are still building I think another 4-5 buildings around it. It is The Overlook at Fort Thomas, off of Memorial Pkwy, with a great view of downtown. So it is being done, but I don't know the numbers behind it.