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Prairie Avenue Apartments, South Bend Indiana
Prairie Avenue Apartments is financed in part through the Section 42 Tax Credit Program of Indiana.
DC Construction Management LLC was retained by the developer/owner to construct 128 apartment units, a high end clubhouse and 9 garages. The slated completion date for the project is December 2008.
The work includes site clearing and balancing, site utility infrastructure, concrete, roads, landscaping, building construction and finishes.
The cost of the project is 12 million dollars.
DC Construction Management LLC has hired all of the sub trades and vendors at a cost substantially below the initial budget and with it’s own on-site construction managers and office staff, maintains its dedication to complete this project months before the mandatory completion date and well below budget.
This owner enjoyed a budget surplus after all sub trades and vendors were contracted. This money will cover costs that the developer failed to realize initially and will be used to upgrade materials and amenities at this site.
Beating budgets, and accelerating schedules is what sets DC Construction Management LLC apart. We understand what the developer needs and we can deliver at a substantially less cost because we have the resources and experience and huge national subcontractor and sub-vendor base to get the job done right.
DC Construction Management LLC initiated its business with the developer/owner in mind. Providing a vast resource of construction management and construction administrative skills we have construction solutions for that independent developer who lacks the wherewithal to construct a project on its own.
The owner of this project never expected to have time to seek out another site but has found that with DC Construction Management LLC he has nothing but time to do what he does best, and that is putting housing deals together.
Our role was that of a construction manager working off a fee base. We took some trades under contract and acted as a “contractor” in some regards. Such things as roofing, siding, deck handrails, interior trim and things like that. DC actually bid these items to the owner and performed that work outside of the Construction Management role. I have a few photos taken winter a year ago.
The project took 9 months from start to finish and progressively leased up to 100% in less than 14 months total from ground break date of September ’07
This owner is currently looking to start a second phase of this project very soon.