Pinkard Starts Thrive with 0% Budget Variance

Pinkard Construction and Shopworks Architecture have completed preconstruction services on Denver Housing Authority’s (DHA) $42 million Thrive affordable housing complex.

“Working with the precon team at Pinkard was a great experience – their knowledge and approach made for a truly collaborative process that helped add real value to the project,” said Kyle Mead, Project Manager at Shopworks Architecture.

Working closely with the design team, Pinkard helped guide the budget to a 0% variance between design development documents and the GMP. With this phase complete, it is expected that construction will begin in late February.

“With this zero percent variance, DHA was able to incorporate add-alternates to enhance Thrive’s value to future tenants and DHA,” said Leighton Neff, Senior Preconstruction Manager for Pinkard. “During preconstruction, Pinkard collaborated closely with DHA, the Shopworks team and our chosen MEP/fire and earthworks design-assist partners to refine the scope and pricing from the design development phase through GMP.”

A part of DHA’s Sun Valley redevelopment plan, Thrive will be a ground-up, 7-story, mixed-income development with a mix of two-story townhomes and 1 – 5-bedroom multi-family units, totaling 135 units.

Once this project is complete, it will mark Pinkard’s 101st multi-family project, with more than 50 of those being HUD-funded projects. Pinkard is an expert in affordable housing, providing preconstruction services and aiding in the funding acquisitions phase.