Case Study: 9th & Colorado

Case Study:

Overture 9th & Colorado

Multi-Family || Office || Healthcare

Scope of Services:

Pre-Construction
Cost Estimating, Re-Costing
Building Information Modeling (BIM)
Ongoing Redlining, Constructability Reviews
Value Engineering
Construction Management

Case StudY:

Overture 9th & Colorado

Multi-Family || Office || Healthcare

Scope of Services:

Pre-Construction
Cost Estimating, Re-Costing
Building Information Modeling (BIM)
Ongoing Redlining, Constructability Reviews
Value Engineering
Construction Management

ON TIME AND WITHIN BUDGET IN THE RED-HOT DENVER MARKET.

The Overview

Two years before their 55+ active adult living community project broke ground, Greystar™ was collaborating with MPC to help ensure the project would finish on time and within budget. This planning paid tremendous dividends when the pace shifted to fast and furious and the project owner, Continuum of Colorado, set a very aggressive go-to-market timetable.

The Stats

LOCATION: Denver, Colorado
DESCRIPTION: 244,000 sq. ft.; 207 units; 2 stories of underground parking
YEAR COMPLETED: 2020
DEVELOPER: Greystar^TM
ARCHITECT: Meeks + Partners

Project Completion

100%

$800K

35%

The Challenge

Avoid cost overruns and project delays.

The Clock – To meet the deadline, construction would have to begin before the final plans were approved. This can lead to significant problems unless all team members (the owner, designers, contractor, and subcontractors) have experience in that construction environment.

The Budget – Greystar established a tight budget for the project but still needed to meet the extensive proforma requirements essential to the Overture® brand of high-end, 55+ senior living facilities.

Saturation – Denver’s multi-family construction market was very active. There were many projects underway that were drawing on the same pool of highly qualified labor and supervisors.

“MPC got involved early in the pre-construction/design phase and provided valuable insight into the cost of labor and materials and alternative mechanical/electrical systems and finishes."

The Solution

WE SUGGESTED IMPROVEMENTS.

Structural options and systems reviews.

Along with Greystar and their design firm, Meeks + Partners, we reviewed all major aspects of the project. The team agreed that an Infinity panelized steel structure system would be ideal for this project. The Infinity process was faster and less expensive, it allowed for better cycling and productionizing, and the structures had high fire ratings. We suggested improvements to the smoke/evacuation/stair pressurization system, saving almost $800,000.

Later, as the design and construction phases moved forward (often simultaneously), we coordinated redline meetings on a regular basis to identify additional efficiencies and to pre-empt constructability complications. We re-costed the project continually as we moved forward.

A PHASED APPROACH.

In order to meet Greystar’s aggressive go-to-market goals, we started construction in April 2018 with only 50% of the design completed. This called for a phased construction strategy that utilized incremental partial permitting.

A TEAM IN SYNC.

Rapid decision-making and trust.

Everyone on the team embraced the need for rapid decision-making and trust – two prerequisites for successful phased construction projects. Greystar trusted us to work directly with Meeks + Partners on many matters, which increased efficiencies tremendously.

A deep, experienced trade team.

Highly qualified subcontractor network.

We’re very focused on cultivating highly qualified staff teams, project teams and subcontractor networks. The benefits of this were very evident on this project as we were able to place well-qualified teams onsite when we needed them. Careful scheduling and ongoing communication helped ensure there was little idle time on the project site.

THE BENEFIT

Overture 9th & Colorado was delivered on time and within budget – a rarity in the Denver market at the time. At every step, Greystar was confident we shared their commitments to the ownership team regarding quality and timing. Greystar had an experienced partner at their side, adding value from planning to completion.

Even before the project was finished, 35 percent of the units were pre-leased.