Gross Square Feet definition
Examples of Gross Square Feet in a sentence
PROPERTY -------- Property Description and Status ------------------------------- -------------------------------------- Property Type Year Constructed Gross Square Feet Rentable Square Feet Number of Units Number of Parking Spaces Conformance to Zoning -------------------------------------- Rent Roll --------- Significant Tenant Profile: (Give brief description of key tenants.) A copy of the rent roll is included in Exhibit B.
Buyer and Seller acknowledge that the Project may be constructed in multiple phases, provided that the first phase of the Project (“First Construction Phase”) must include a Building containing not less than 270,000 Gross Square Feet.
Buyer agrees to cause (a) Completion of Construction of one or more Buildings containing, in the aggregate, at least 270,000 Gross Square Feet (“Initial Required Square Footage”) to occur on or before the First Construction Completion Deadline, and (b) Completion of Construction of the Minimum Square Footage to occur on or before the Project Completion Deadline.
For example, if, on the Final Delay Payment Date – First Phase, the Gross Square Footage of the Buildings on the Property for which Completion of Construction has occurred equals 245,000 Gross Square Feet, then the First Phase Final Payment shall equal Seven Hundred Fifty Thousand Dollars ($750,000.00) (i.e., $30.00 x 25,000 Gross Square Feet).
As with East VillageTALUS Project Phase I, because of changing market conditions and the actual development makeup of Phase I, the precise number of residential units in each density category, and the precise amount of commercial Gross Square Feet, actually to be developed after East VillageTALUS Project Phase I likewise cannot be known at present.