Urban Multifamily Residential Tower
A 38-story residential tower with 410 units, delivered floor by floor on a steady cycle and leased up on schedule.
- Owner
- Confidential
- Region
- U.S. Southeast
- Market
- Commercial & Mixed-Use
- Capital value
- $260M
- Size
- 38 stories · 410 units
- Delivery
- CM at-risk
- Duration
- 30 months
- Completed
- 2023
What was at stake.
The lender's draw schedule and the leasing plan depended on a fixed floor cycle. Early slab cycles slipped, and the schedule hid it with a compressed finish phase nobody believed.
How we controlled it.
What our schedulers and cost engineers did on this project.
Floor cycle measured
We tracked the real slab cycle floor by floor and showed what it meant for the finish date.
Recovery plan
A recovery plan with a second finishing crew brought the tower back to a believable date.
Lender reporting
Draw requests were checked against earned value, so the lender paid for work that was really done.
Turnover by floor
Units turned over in stacks, so leasing could start before the top floors were done.
The result.
A tower is a rhythm. When the rhythm slips, you see it in the slabs months before you see it in the finish date.
Senior scheduler, EvrardBanes
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