Prescient Partners with Trammell Crow Residential to Complete Two Multifamily Projects in Denver
Alexan Uptown is Prescient’s tallest structure to date in Denver. The 12-story, 372-unit apartment building features more than 450,000 square feet of total building area and consists of eight stories of Prescient structure on top of a four-story 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, includes 156,000 square feet of Prescient structure with eight stories. 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 planning 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.
To date, Prescient has finished 10 projects in the greater Denver area with several developers across a wide-spectrum of multi-family housing categories, ranging from market-rate apartments to student housing, hotels and senior-living projects. In 2017, the company has 10 more projects scheduled for Denver and more than 20 additional projects nationwide.
Image of Alexan Uptown located in Denver, Colorado, courtesy of Prescient