29 Mar, 2017

TWG Construction – Park at Pulliam Square

TWG Construction is going vertical on an apartment building located on the former site of a longtime Indianapolis newspaper.

TWG Construction has more than doubled in size each of the past five years. “In 2012 we were doing $8 million in revenue; in 2017, we are projected to do $150 million,” Vice President Nate Stoops says.

Stoops credits this growth to the company’s strength in preconstruction and other processes, as well as its relationships with its subcontractor base. The development strategy of its parent company, TWG Development, has also helped it increase its workload. “Our development team is very aggressive, and is one of the top fifteen tax credit developers in the country,” he adds. “Many of our competitors have not been able to maintain construction at the speed of their development companies the way we have.”

Formed in 2007, TWG specializes in developing, owning and managing commercial, market-rate, affordable and senior housing developments in the Midwest. TWG operates three wholly owned subsidiaries – TWG Construction, TWG Development and TWG Management – that enable it to take a project from concept all the way to completion, leasing and management.

TWG to date has completed $348 million in development, has $176 million under development and construction and has $194 million worth of projects in the pipeline.

TWG Construction formed in 2009 to build housing communities for its parent company. The company has completed more than 2,000 units in more than 30 apartment communities in Indiana, Ohio and Iowa. TWG Construction also builds projects for third-party developers, and currently has three such projects under construction.

In The Park

TWG Construction recently began vertical construction on the second phase of an apartment community in a high-profile location in downtown Indianapolis. The $70 million Park at Pulliam Square will be a nine-story, 334-unit apartment building that will also include 4,600 square feet of office space and 7,000 square feet of retail space, Project Executive Nate WarTWG boxd says.

Work on the building began last fall and is slated to conclude in July 2018. The building includes a five-story section with a post-tension concrete structure; columns for that section are now being poured. Foundation work is underway for the rest of the building, which will have a steel structure. All of the underground utilities have been placed on the property, Ward adds.

The Park at Pulliam Square will feature a façade composed of a combination of materials including curtainwall, metal panels and masonry units. Building amenities will include a rooftop pool with views of a nearby public park, a dog park and dog washing stations, a fitness studio, a large courtyard and bicycle storage areas. The building is located on the southern end of Mass Avenue, a large dining and shopping district.

A Newsworthy Location

The Park at Pulliam Square will join an existing apartment building, dubbed Pulliam Square, which was completed in 2015. The building sits on a former parking lot acquired by TWG in 2013.

The completed building will be connected to the new building by a skywalk that will allow residents to access the parking garage without going outside.

The Park at Pulliam Square building is on a lot formerly occupied by the Indianapolis Star newspaper. The newspaper is now located in a space formerly occupied by a Nordstrom department store in the city’s Circle Centre Mall. TWG built out the newspaper’s new office in 2014.

Initially completed in 1907, the Indianapolis Star building had undergone several expansions. “Our original intent was to re-use the building, but we learned that it was actually comprised of six different buildings at different elevations under a single façade installed in the 1970s,” Stoops says, noting that this unconventional layout made the building inaccessible to people with disabilities. The building was demolished in 2015.

TWG Construction filled in basements located beneath the building with 30,000 tons of backfill material in order to bring the site up to grade. Much of this material was purchased from crews working on a large utility tunnel project nearby, Ward says.

Overcoming Challenges

The Park at Pulliam Square’s location in a busy downtown district poses logistical challenges for TWG Construction. “This is more or less a zero lot line project, so finding a location to hold stormwater was one challenge,” Ward says, noting that an underground detention reservoir is located beneath the project’s courtyard.

The site’s safety plan includes sidewalk closures as well as barricades surrounding the site. The safety plan was developed by a third-party company, Safety Resources, who conducts weekly site audits. In addition, TWG Construction superintendents monitor the site on a daily basis. Overnight site security will be provided by off-duty police officers, Ward notes.

TWG Construction credits the work of its subcontractors with the project’s success thus far. “Several of our key subcontractors, including our mechanical, electrical and plumbing contractors, have worked with us previously,” he adds. “We have a core group of subs who make sure we are staffed up appropriately.”

Original article here.