ARVADA, CO - Prescient, a fully integrated, proprietary and patented design, engineering, manufacturing and installation solution for the construction industry, announced the completion of two senior housing projects located in Stuart, Fla., and Lonetree, Colorado.
This marks Prescient’s entry into the senior living category, increasing the company’s presence across the multi-unit housing spectrum in five categories, including: market-rate apartments, student dorms, hotels and armed forces housing.
The company’s most recent senior living project, Providence Living at Stuart, owned by Providence One Partners LLC and located in Stuart, Fla., is a 108,000-square-foot, two-story structure that includes 68 assisted living units and 32 memory care suites. The project was designed by Baker Barrios and constructed with F.M. Harvey Construction.
The company’s first senior living project, MorningStar at Ridgegate, owned by MorningStar Senior Living, features one-story, three-story and five-story interconnected wings built using Prescient’s proprietary software and framing system. The 250,000-square-foot project consists of 124 independent living units, 71 assisted living units and 29 memory care suites. The project was designed by Lantz Boggio Architects, built by Haselden Construction and developed in conjunction with Jirsa Hedrick Structural Engineers.
“Our system is ideal for senior living projects,” said Satyen Patel, chairman and CEO of Prescient. “The Prescient platform is significantly more cost-efficient compared to concrete or wood, and our ability to accommodate different types of units allows us to trim months off typical construction schedules, which means minimized neighborhood disruption and an expedited track to earnings, return on investment and project internal rate of return for developers.”
Prescient structures consist of a combination of pre-assembled steel posts, trusses and panels that are custom-manufactured using Prescient’s proprietary design software. The system is a viable option for senior housing projects because it is a non-combustible solution that minimizes disruption in the areas surrounding the construction zone and reduces the need for rework, helping owners meet timelines and budgets.
Prescient, which recently expanded its Arvada headquarters and manufacturing facility and broke ground on an East Coast manufacturing plant in Mebane, N.C., is on track to complete nearly 2 million square feet of projects during 2016 in market-rate apartments, hotels, armed forces housing, student housing and senior living segments in Colorado, Florida, Georgia, Illinois, Missouri, Nebraska, North Carolina, Oklahoma and Texas.