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DURHAM, N.C., May 29, 2019 (GLOBE NEWSWIRE) -- Prescient, a digital design-build company industrializing multi-unit housing construction, today announced that its Renaissance Downtown Lofts project has been recognized as a finalist for Urban Land Institute’s (ULI) 2019 Global Awards for Excellence and is a PCBC Gold Nugget 2019 Award of Merit Winner.
Renaissance Downtown Lofts, an apartment complex located in Denver, CO that serves as a home to 100 residents, was developed by Colorado Coalition for the Homeless to meet the needs of Denver’s homeless population. Prescient worked alongside both FCI Constructors and Christopher Carvell Architects to complete the project, which boasts 67,000 square feet of Prescient Project Area. The six-story apartment building, offering Denver’s homeless population a chance at stability, has social services for residents including mental health services, addiction treatment and job programs. The city of Denver estimates the Lofts will save $2.9 million per year by providing supportive housing and proactive services and avoiding incarceration and emergency hospitalization costs.
The building provides a visual feeling of security, yet with open arms to the city, easing what can be a crippling sense of isolation that can afflict homelessness. It also makes visible, through its strong architectural form and layered transparency – a community with dignity, thus diminishing society’s prejudice for ‘not in my backyard.’ Renaissance Downtown Lofts’ purpose is not immediately apparent based on its exterior. It looks like many of the other apartment complexes going up in downtown Denver – what appears to be the perfect spot for millennial renters, which is the difference in this project and what makes it unique and of special value not only to its residents, but to the City of Denver as well.
“This will act as a blueprint for other cities across the country that face similar challenges with homelessness,” said Denver’s Mayor Michael Hancock, referring to the project’s impact.
“We are thrilled that Renaissance Downtown Lofts has been recognized by both ULI and Gold Nugget, which offers global visibility for a project with such an important mission,” said Satyen Patel, Executive Chairman of Prescient. “The Lofts were designed with the idea to improve the local Denver community and we are confident the building will continue to boast a long-lasting impact for the people it houses. The Lofts are a perfect example of how the cost effectiveness of the Prescient solution and high quality of our buildings contribute to our vision of providing attainable housing for all. We are honored to be selected among other notable global projects for our work providing the highest standard of excellence in design and construction in the real estate industry and we look forward to working on similar projects in the future.”
ULI Global Awards for Excellence
Renaissance Downtown Lofts was selected along with 18 other highly respective developments from around the globe as a ULI Global Awards for Excellence finalist. This awards competition, widely recognized as one of the real estate industry’s most prestigious awards program, selected its finalists from a jury made up of ULI members representing a multitude of real estate development expertise. Winners of the competition will be recognized at the 2019 ULI Fall Meeting in Washington, DC this September. The complete write-up by ULI can be found here.
PCBC Gold Nugget 2019 Award of Merit Winner
The Gold Nugget Awards are presented to the top innovators in design, planning and development. Renaissance Downtown Lofts was selected among hundreds of other entries by a panel of industry experts and was chosen among other winners who were voted as a top recipient in their respective category – the Lofts were chosen for the ‘Best Supportive / Transitional Housing’ category. The Lofts is a finalist for The Grand Award which will be announced on May 31 at a ceremony in San Francisco. The full list of award winners can be found here.
Prescient’s digital design-build approach is revolutionizing the building environment. Designed for advanced professionals who plan, design and build multi-family housing and hospitality structures that are up to 180-feet, the company’s digital design-build system harnesses the power of technology. Linking standardized architectural design and products, automated structural engineering, precise manufacturing and rapid on-site assembly along a single digital thread, the system creates holistic project teams with greater potential for achievement than found within construction’s habitually siloed parts. In response to widespread industry labor and talent shortages, shrinking margins, and cumbersome project management and approval processes, Prescient’s digital design-build system is increasing ROI across the entire development, construction and operating value chain.
Founded in 2012, Prescient is headquartered in Mebane, North Carolina, has manufacturing and engineering facilities in Mebane, NC, Arvada, Colorado and a technical center in Poland. With a staff of over 400 professionals skilled in multiple disciplines including architectural design, engineering and manufacturing, Prescient has successfully built over 5.9 million square feet in multi-unit housing and hospitality.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fa3cd558-ac04-4b39-aeab-01361f40b3eb