Mar 4, 2016

ARVADA, COLORADO — Construction Manager/General Contractor Pinkard Construction Company has been awarded the renovation of Marcella Manor, a 206-unit, senior designated, Section 8 apartment community owned by Arvada Preservation Partners LP, a partnership structured by Security Properties of Seattle, WA.

The project is a substantial renovation of a five story property constructed in 1977 that will address deferred maintenance, obsolescence, and community improvements. Scope of work includes: elevator modernization and repair, common area and corridor updates, unit finish and fixture upgrades, ADA modifications, HVAC replacement, site work to correct drainage issues, window replacement, energy and water efficiency upgrades, a new Hardiplank® and Hardipanel®/rainscreen skin system.  

The facility’s 11 ADA-units are getting a complete gut and renovation, while the other 195 units are receiving new cabinets, floors, appliances, toilets and energy efficient faucets. The 195 units are being done six units at a time with a three-day turnaround, with residents leaving their units during the day and returning at night to fully functional units.

Pinkard Construction also provided pre-construction services in coordination with the EJ Architecture who provided the design.

Financing includes 4% Low Income Housing Tax Credits and tax-exempt financing provided by Freddie Mac under its Targeted Affordable Housing TEL program and arranged by Citi Community Capital.

Pinkard Construction Company is a Colorado-based, family and employee-owned CM/GC in business in the Colorado Front Range since 1962. Pinkard has been constructing affordable housing projects since 1963. Our 43 HUD projects are unrivaled by any other contractor in Colorado, and our experience with multiple funding sources includes HOME (DOLA), CHFA/LIHTC; HUD Section 221(d)(3) and (4); private GAP Funding and local/county/city funding. Pinkard has seven HUD projects currently under contract. http://www.pinkardcc.com.

Security Properties is a national real estate investment, development, and operating company headquartered in Seattle, Washington. For more than 45 years, Security Properties has provided quality housing to its residents as well as excellent financial performance for its investors. Since its founding, Security Properties has acquired or developed over 66,500 residential units at a cost of over $3.35 billion. Security Properties maintains a focused multi-family strategy supported by integrated teams of professional acquisition, development, construction, investment, and property management specialists.  For more information, visit http://securityproperties.com.

EJ Architecture is dedicated to enhancing and re-defining the role of the architect through a strong, team-focused approach and a commitment to provide far more than the ‘industry standard’. We believe that service, integrity and team relationships are what will deliver the results that go above and beyond your expectations. http://www.ejarchitecture.com.