Rental suites leased before the building opened
Harlow wanted a rental that would fill fast on 4 Street, with a fixed price agreed early enough to secure their financing.
At a glance
- Client goal: 84 suites, fixed price
- Delivery deadline: Occupancy before September leasing
- Site constraint: Busy street, no laydown space
Pricing a building before the drawings were finished
The lender needed a firm number at 30 percent design. With architect, engineers and trades all under one contract, we priced from our own drawings and held contingency where the risk actually was.
With no room to store material on site, every delivery was booked to the hour and craned straight from the truck to the floor it was needed on.
One team from sketch to suites
Design decisions were made with the site crew in the room, so what got drawn was what could be built fast. Suite finishes were locked early and bought in bulk.
Key milestones
- Price locked / Week 10 / Fixed price signed at 30 percent design
- Top of structure / Week 38 / Sixth floor poured under winter hoarding
- Occupancy / August 2024 / All 84 suites ready for September leasing
Leased up in eleven weeks
The building opened on budget and was fully leased eleven weeks later. Harlow has since hired us for a second building two blocks south.
By the numbers
- 84 / Rental Suites / Studios to two-bedroom units
- $0 / Over the Fixed Price / Contingency covered every change
- 18 Months / Design to Occupancy / Including two winters of concrete
Planning a rental or mid-rise build?
If you need a firm price early for financing, design-build is usually the fastest route. Early conversations cover the site, the suite mix and the number your lender needs to see.
