CapitalBudgetRequest
New Arts and Innovation Building
AgencyVirginia Commonwealth University (236)
Project Code18500
Project TitleNew Arts and Innovation Building
Project TypeNew Construction
Biennium2022-2024
Budget RoundInitial Bill
Bill VersionRegular Session
Request TypePreviously Approved
Project LocationRichmond Area
Facility/CampusWest campus
Source of Request Agency Request
Infrastructure Element
Contains O & M costs? Yes
Contains significant technology costs? No
Contains significant energy costs? No
Possible that project will be used by other than a state or local governmental entity, or for research under sponsored programs (higher education)? No
 
Agency Description
The proposed 209,500 gross square foot Arts and Innovation Academic Building will be located on the southeast corner of Broad and Belvidere
Streets, consolidating arts and innovation programs in a single location. It will be home to new hybrid classroom-laboratories, interdisciplinary
performance and makerspaces, and creative incubators for rapidly growing partnerships across arts, business, medicine and engineering. The
facility must be highly flexible with the ability to rapidly reconfigure space on a regular basis. The activities in this building will range from
opera to quantum computing; integrating the disciplines of engineering, cinema, theater, immersive media technology, gaming and the creation
of new knowledge.

Along with the Institute for Contemporary Arts Markel Center, the building will anchor the east side of the Monroe Park Campus and act as a
"front door," highlighting the university's status as a premier arts institution and providing a link to the Downtown Richmond Arts District.
Justification
Positioned just steps away from Fortune 500 companies, a new Arts and Innovation Academic Building will provide a launch pad for critical
digital and creative economy initiatives both on campus and in the city, and will prepare students for a world of emerging creative industries.
At an institutional level, the new facility supports VCU’s Quest 2025: Together we Transform strategic plan goals for national prominence as
well as the ONE VCU Master Plan’s guiding principles -- student success, program synergies, placemaking, and unifying the campus.
Geography and quality of research, laboratory and classroom space are currently challenges for VCU’s arts and innovation programs, with 17
departments and programs spread across 20 campus buildings. The new space will consolidate many of the existing arts and innovation
programs in a single location, allowing VCU to redeploy those sites for other purposes.

Unlike any other facility on campus, this building will integrate multiple disciplines in a similar manner to the way the university's DaVinci
program works now. Focusing on a single project or objective, teams from various areas of expertise will collaborate on projects, allowing
academic models to simulate the commercial media and product development experience. This building will enable the university to maintain
its leadership position in arts education, innovation and media while also integrating other academic disciplines.

Alternatives Considered
(1) Do Nothing. Doing nothing would not be in alignment with the strategic plan focus on national prominence and would do nothing the knit the
campus into the city. (2) Renovate existing space. There is no space which VCU owns that can be renovated to meet the programmatic
aspirations of this project. (3) Lease space. Space of this type and capacity is not available for lease in close proximity to the campus. (4)
Build New. This is the recommended option since it meets the university's strategic plan and master plan goals and guiding principles.


Methodology
The University utilized the Department of General Services CR-1 Project Planner (copy attached) to develop the cost estimate for this project
 
PhaseYearSubobjectFundAgency Request
Full Funding20232411 - Unallotted Capital Amount01000 - General Fund$163,000,567
Full Funding20232411 - Unallotted Capital Amount08150 - 9(D) Rev Bonds-Construction$18,000,000
Total$181,000,567
 
Cost TypeRequested Funding
Acquisition Cost$7,859,641
Building & Built-in Equipment$118,653,436
Sitework & Utility Construction
Construction Cost Total$118,653,436
DESIGN & RELATED SERVICE ITEMS
A/E Basic Services$12,814,571
A/E Reimbursables$606,302
Specialty Consultants (Food Service, Acoustics, etc.)$1,626,999
CM Design Phase Services$90,945
Subsurface Investigations (Geotech, Soil Borings)$78,819
Land Survey$99,434
Other Design & Related Services$979,784
Design & Related Services Total$16,296,854
INSPECTION & TESTING SERVICE ITEMS
Project Inspection Services (inhouse or consultant)$237,307
Project Testing Services (conc., steel, roofing, etc.)$830,574
Inspection & Testing Services Total$1,067,881
PROJECT MANAGEMENT & OTHER COST ITEMS
Project Management (inhouse or consultant)$1,186,534
Work By Owner$2,086,103
BCOM Services$308,499
Advertisements$1,213
Printing & Reproduction$24,252
Moving & Relocation Expenses$151,575
A/V Cabling$2,641,051
Signage$91,362
Demolition$40,016
Utility Connection Fees$133,386
Utility Relocations$60,630
Commissioning$513,538
Miscellaneous Other Costs$7,168,888
Project Management & Other Costs Total$14,407,047
Furnishings & Movable Equipment$20,342,639
Construction Contingency$2,373,069
TOTAL PROJECT COST$181,000,567
 
Cost TypeUnit of MeasureUnitsCost Per Unit
Acquisition Cost0$0
Construction CostSquare Feet209,500$566
Total Project CostSquare Feet209,500$864
 
Cost TypeFY 2023FY 2024FY 2025FY 2026FY 2027FY 2028
GF Dollars$0$0$0$0$640,661$698,903
NGF Dollars$0$0$0$0$640,661$698,903
GF Positions0.000.000.000.000.000.00
NGF Positions0.000.000.000.000.000.00
GF Transfer$0$0$0$0$0$0
GF Revenue$0$0$0$0$0$0
Layoffs000000
Planned start date of new O&M costs (if different than the beginning of the fiscal year):01/08/2027
 
File NameFile SizeUploaded ByUpload DateComment
Arts and Innovation Academic Building 2022-24 Submission.xlsx612,806David Goodwin9/22/2021