Introducing Davidson’s Landing Apartment Homes – our newest workforce housing development located in Kansas City.
After three years of challenges – the COVID pandemic, supply chain disruptions, record inflation, interest rate hikes, capital market dislocations, investor skittishness, etc – we have successfully completed the construction and lease up (ahead of schedule and under budget) of this 115-unit workforce housing development.
I am glad to see that factory-built housing is making inroads into the affordable housing space.
From the piece:
“Though residential high-density construction units remain the most prevalent type of modular building, Vaughan Buckley, CEO at Volumetric Building Companies, a Philadelphia-based modular builder, noted a recent shift away from market-rate multifamily projects to affordable housing developments.
Affordable housing projects jumped from around 10% of VBC’s pipeline to about a 50% share over the past year, according to the company.”
Johnston Farms Apartment Homes is a proposed 120-unit apartment community serving families in Rock Hill, South Carolina. The estimated cost of this project is $35 million. This workforce housing development project, which targets families earning 80% of area median income, is proposed to be financed with essential function bonds. Construction is planned for May 2023.
The following video gives an overview of this energy-efficient workforce housing development. Feel free to contact Jeff Carroll at firstname.lastname@example.org with any questions you may have regarding this or any of Tartan Residential’s other energy-efficient workforce housing development opportunities.
In 2014 Tartan Residential began work on Buchanan’s Crossing Subdivision – A 40-unit duplex development serving families in Kansas City, Kansas. Phase 1 consisted of 16 units and was constructed with traditional wood-framed exterior walls and R-13 batt insulation. Phase 2 consisted of 8 units and was constructed with R-26 polyurethane-filled structural insulated panels. In all other respects, the first two phases were identical.
This side-by-side demonstration underscored the benefits of building with structural insulated panels. Although building with panels cost more than traditional stick-frame construction, we identified a long list of construction, operating and financial benefits associated with panelized construction.
Our design team took what we learned and engineered a 3-story garden apartment building using structural insulated wall panels. Davidson’s Landing, a 115-unit workforce housing development financed with tax-exempt bonds and located in Kansas City, Kansas is currently under construction utilizing this building system. We are currently about 70% complete, ahead of schedule and below budget. Our first units will be ready for occupancy in the next month or two.
A few weeks ago our team obtained a building permit to begin construction on Buchanan’s Crossing Phase 3, a 16-unit workforce housing development to be financed with tax-exempt bonds. Phase 3 will be constructed with R-18 graphite-infused polystyrene exterior wall panels. We plan to use high-efficiency water heaters and HVAC systems for this phase. And we plan to build one building with panels on one side of the duplex and lumber and fiberglass on the other side.
Our design team – which includes the Virginia Center for Housing Research and Mathis Consulting Company (principal Chris Mathis is an MIT-educated building performance specialist and an ASHRAE Fellow) – plans to create simulated living environments in these side-by-side units to observe and collect data on for one year. This one-of-a-kind comparison should highlight additional benefits of energy-efficient construction systems.
The following video gives and overview of this small, but exciting project. Feel free to contact Jeff Carroll at email@example.com with any questions you may have regarding Tartan’s energy-efficient workforce housing development opportunities.
So today was a really big day for my workforce housing design team.
About 8 years ago we began experimenting with structural insulated wall panels in workforce housing.
We began with an easy design – a one-story duplex building – and tallied up the costs/benefits of building with panels over traditional stick-built framing. What we learned was this: By spending a little more on the panels (about $4,000/unit) we were able to attract $11,000/unit of capital waiting on the sidelines to invest in ENERGY EFFICIENT workforce housing.
So we began tinkering with a more complex design – a three-story walk-up garden apartment building. Our team came up with a design that ended up attracting over $19,000/unit of capital for the first of these projects: Davidson’s Landing in Kansas City.
Today we set our first panels at Davidson’s Landing. Our construction guys make it look easy, but trust me – A LOT of coordination and hard work went into planning this.
Cheers to my workforce housing design team. You rock!!!
Introducing Davidson’s Landing Apartment Homes, the first of a new generation of Zero Energy Ready workforce housing developments built with structural insulated panels. The development, which is located in Kansas City, KS and includes 2- and 3-bedroom units ranging from 30% to 80% of Area Median Income, is sponsored by Tartan Residential, Hughes Development Corporation, and BCCM Construction Management. Construction for this 115-unit tax-exempt bond development is scheduled for Q1 2021.
Multifamily Building Systems was established to improve the energy efficiency of affordable and workforce housing. In this episode we hear from industry professionals about MBS’s strategy to optimize the performance of multifamily housing.