Author Archives: ipgocorp

Prescient Partners with Trammell Crow Residential to Complete Two Apartment Projects in Denver

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DENVER, CO – Prescient, a fully integrated and patented design, engineering, manufacturing and installation solution for the construction industry, announced an ongoing partnership with Trammell Crow Residential (TCR) and the completion of two innovative apartment projects in Denver.

Alexan Uptown is Prescient’s tallest structure to date in Denver. The 12-tale, 372-unit apartment building features more than 450,000 square feet of total building area and consists of eight tales of Prescient structure on top of a four-tale concrete podium. The project, owned by Trammell Crow Residential, was contracted by Martines Palmeiro Construction, designed by Kephart Architects and engineered alongside Anchor Engineering.

“I first came to know Prescient four years ago and recognized they possessed a unique value proposition – a better way to design and build multi-unit buildings,” said Matthew Schildt, managing director of development at Trammell Crow Residential. “Prescient had developed a standardized structural system and design software that promised to expedite the process and deliver significant savings.”

TCR and Prescient’s second conjunctive apartment project, The Alexan Cherry Creek apartments, boasts 156,000 square feet of Prescient structure. The eight-tale building includes 164 units. The project was completed in partnership with architect Shears Adkins Rockmore.

“To date, we have finished two projects with the Prescient structural system and have three more in plotting for 2017 and 2018. By embracing Prescient’s technology and standardized approach to design and construction we are seeing compressed design and construction schedules and a better, more cost-effective result,” said Schildt.

“Working with Trammell Crow Residential on multiple projects has enabled our teams to fully utilize Prescient’s standardized design, engineering and construction platform. We’ve been able to optimize designs to work with our framing system, leading to significantly lower costs, better execution in the field and shorter construction schedules. Applying advanced design and construction technology to the construction process mitigates the typical risks associated with large multi-unit projects,” said John Vanker, founder of Prescient.

Prescient, which recently expanded its 12-acre, 120,000 square foot Arvada, Colorado, headquarters and manufacturing facility, is on track to complete 1.5 million square feet of projects during 2016. In February 2017, Prescient will start production at its 10-acre site near Raleigh-Durham, North Carolina. The company is building a 135,000 square foot manufacturing facility to more efficiently service markets along the East Coast up and down the I-95 corridor from Maine to Miami and all markets east of the Mississippi River.

“Prescient is quick becoming the urban-infill solution of choice in Denver. Our partnership with Trammell Crow Residential has been the cornerstone of our growth in this city, and we’re thankful for that,” said Satyen Patel, chairman and CEO of Prescient.

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2,000 Organizations and Businesses Urge Support for Low-Income Housing Tax

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(RECAP: 2,000 organizations and businesses are calling on the incoming Congress and Administration to prioritize the Low-Income Housing Tax Credit (Housing Credit) as they consider reforms to the nation’s tax code and investments in the nation’s infrastructure. The letter submitted on behalf of the ACTION Campaign urges policymakers to: 1) ensure that the Housing Credit and Housing Bonds are held up as positive examples of the power of the tax code to improve communities by maintaining their viability under tax reform; and 2) expand and strengthen the Housing Credit to increase the availability of safe and affordable housing and revitalize local economies. The House is currently working to draft comprehensive tax reform legislation based on the principles outlined in Speaker Paul Ryan’s tax reform blueprint, released this summer. The blueprint indicates that the majority of corporate tax expenditures may be eliminated in order to reduce corporate rates, and was silent on the Housing Credit and Housing Bonds.)

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With new jobs on the way, Botetourt looks to expand housing options

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(RECAP: New jobs are coming to Botetourt County, as many as 1,200 over the next five years. So where will all those workers live? That’s a crucial question for the county, and one that was raised Saturday during a strategic plotting session held by the board of supervisors. A shortage of affordable workforce housing has long been a concern in Botetourt. But the issue grew more pressing this year after Eldor Corp. announced it would build an automotive parts factory in the county’s Greenfield industrial park and Ballast Point Brewing & Spirits followed with plans for an East Coast brewery and distribution center. Those and other new employers, and the spinoff jobs they will generate, are expected to exacerbate the housing crunch. The county has commissioned Patz to study its housing needs and how they might be met. Although a final report is several weeks away, this much seemed clear Saturday: A county where many residents live in mid- to upper-priced houses surrounded by ample lots must now shift its focus to encouraging more affordable apartments and townhouses in higher-density settings.)

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