If necessity is the mother of invention, then the sharp and growing need for a greater number of affordable apartments should be driving big innovation in multifamily construction. Read the full article on the National Multifamily Housing Council website.
Attainable housing choices are essential to metro Denver’s continued economic growth and development. In the Lone Tree/Douglas County region, the challenge is even greater given the current median home price of over $600,000 and the median apartment rental price of approximately $2,000 per month.
Read the full article on Colorado Real Estate Journal
Is it “prefab”? “Modular”? “Offsite manufacture”? Call it what you will, industrial construction is a concept that is capturing the imagination of AEC firms, developers, entrepreneurs, and investors.
Read the full article on Building Design + Construction
A developer from Houston expects to break ground this summer on an apartment high-rise in the Gulch, using Prescient to make the project financially feasible. Guefen Development Co., teaming with Nashville investors Travis Kelty and Joe Porter, is finalizing plans for Haven at the Gulch. The 11-story apartment building will contain 299 units, located along…
Here’s a look at Fox Business Network’s Inside the Blueprint episode featuring Prescient’s state of the art factories, visiting a live construction site and hearing from two of our pioneering customers explain how our technology is revolutionizing the way housing is being built. https://bit.ly/2H02jQQ
From the moment Balfour Beatty partnered with modular construction firm, Prescient, on the Osprey, the project team established many noteworthy goals for this mixed-use, multifamily development: accelerating the schedule to achieve the owner’s desired pro forma, seamlessly integrating the prefabricated structural installation with on-site labor and being among the first projects using the Prescient solution to…
Offsite construction is poised for explosive growth, and Prescient is well-positioned to take advantage of the delivery method’s popularity. The BIM hardware and software technology company, which strategically decided to focus on multifamily units up to 18 stories, marries the digital and built worlds with software that captures structural and engineering details for plans that…
Construction might not be top of mind when one thinks of sexy sectors in tech; however, that could be exactly why it’s one of the faster-growing sectors when it comes to capturing investor interest. It’s been around forever, with companies conducting many processes in the same old tired (and inefficient) ways for decades. What (multi-trillion dollar) industry could be more ripe for disruption?
Read the full article on crunchbase news
A year after moving its headquarters to Durham from Denver, Prescient has raised a whopping $50 million in new financing. That’s in addition to the $45 million it inked in December 2017.