Construction costs in many parts of the world may be lower. Remember, every project is unique, and its cost will never be identical to another project. 1  $150-$250 per SF (USD 1.600 â USD 2.700 per m2). 2  Renovation of existing building with 10,000+ SF (930+ m2):3  $150 - $200 per SF (USD 1.600 â USD 2.150 per m2).and cost varies greatly depending on the location. In the US, land for an entertainment project could vary from $50,000 per acre to over $500,000 per acre (US$12 to US$120+ per m 2).