FRONT COVER CASE STUDY CRESCENT TERMINUS Luxury Wood-Frame Apartment Community Completes Dense, Mixed-Use Urban Development Flagship project in the heart of Atlanta connects developer with goals $FRA-490_CrescentTerminus_CaseStudy.indd 3 3/13/15 4:18 PM Surrounded by high-rise buildings in the upscale Buckhead neighborhood of Atlanta, Crescent Terminus is a new three-building, luxury apartment complex offering resort-style amenities, including a salt-water pool, rooftop terraces with dramatic skyline views, a gourmet coffee bar and more. Featuring five stories of wood over a concrete podium, the project fills the last three parcels of land in the Terminus complex, completing this unique urban development. And while the prime piece of real estate carried a corresponding price tag, the developer was able to move ahead with the project thanks in large part to the choice of an affordable, high-quality wood-frame structure. 2 $FRA-490_CrescentTerminus_CaseStudy.indd 2 3/13/15 4:18 PM CRESCENT TERMINUS “This site has all the ingredients for a successful luxury apartment community,” said Jay Curran, Vice President of Crescent Project Overview Communities’ multi-family group. “Its location in the heart of Buckhead is ideal. Surrounded by world-class office space, luxury condominiums, outstanding public art, five-star dining and street- level retail, Crescent Terminus will offer a unique lifestyle that allows residents an opportunity to work, play and live all within easy walking distances. This location and all those attributes are consistent with the Crescent brand of exceptional development.” The Crescent Terminus project was inspired through extensive review and analysis of current industry trends and marketplace needs. “This land was at a cost basis that is among the highest in our portfolio,” said Jared Ford, Senior Vice President for Crescent Communities. “It’s prime real estate, but that’s where the market is. Our strategy is to build on these Main-and-Main sites using wood-frame construction—it just makes sense.” Three Separate Buildings, One Unique Complex The five-story, wood-frame buildings stand unique among the high-rise buildings that surround them. Crescent Terminus focuses on providing a sense of community for tenants within the Terminus complex, which is at the corner of Peachtree and Piedmont Roads in Atlanta. Crescent Communities broke ground on the property in January 2013; the 355-unit development opened in June 2014. Crescent Terminus consists of three separate buildings; each has three levels of parking topped with five stories of wood-frame apartments. In total, there are about 275,000 square feet of rentable space on the three-acre site. All three buildings are Type III-A construction over a Type I-A concrete podium built to 2006 International Building Code (IBC) and 2006 International Fire Code standards with current Georgia amendments. The wood-frame portion of Crescent Terminus includes dimension lumber, laminated veneer lumber (LVL), laminated strand lumber (LSL), metal-plate-connected roof and floor trusses, and wood structural panel sheathing. The architecture takes its inspiration from the surrounding structures, with a contemporary exterior that mixes stucco and stone with cementitious and aluminum composite panels. To maximize the buildable area, the project bridges over an existing street and shared service drive. Wood Makes a Big Statement to a Big Audience Crescent Terminus “Crescent Terminus has a high profile location, so our client, PROJECT ARCHITECT: Lord Aeck Sargent • Atlanta, GA Crescent Communities, wanted this to be a flagship project,” said Eric Brock, Director, Housing and Mixed-Use Studio at Lord STRUCTURAL ENGINEER: SCA Consulting Engineers • Sugar Land, TX Aeck Sargent. “The project was under a lot of scrutiny from the GENERAL CONTRACTOR: DPR Hardin Construction • Atlanta, GA surrounding property owners, so it needed to be of a quality that FRAMING CONTRACTOR: Great American Framing, Inc. • Atlanta, GA complemented the rest of the mixed-use development. It was DEVELOPER: Crescent Communities, LLC • Charlotte, NC Crescent’s requirement to use wood framing to accomplish this.” OWNER: An affiliate of Boston-based Berkshire Group SCHEDULE: Construction started January 2013 • Completed November 2014 3 $FRA-490_CrescentTerminus_CaseStudy.indd 3 3/13/15 4:18 PM CRESCENT TERMINUS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 . e c e b n b I o ot t, t n is FIRE-RETARDANT- gen d r n may a a S TREATED W.S.P. c sustainable, environmentally-friendly investments; it’s not just & and He added, “Some other developers and surrounding property n I l ck a t, e K n A . 1 enti , d a slogan, it’s one of our core values. We have people who are d owners were a little skeptical about Crescent being able to achieve r 40 Inc arge 1 o SEE STUD SCHED. & S L onfi m c f & o ent, 29- o SHEAR WALL SCHED. c g k 9 is t. c dedicated solely to that initiative, to FinfluenceOR NAIL SIZE & SPAC theING SEE design FASTENIN Gon all n n this objective with a wood-frame structure, but the Crescent team n e o AS NOTED ON PLAN i 7) i Sar A 7 s SCHEDULE (TYP.) OR SEE SHEAR WALL s , & i (8 d here m SCHEDULE AT SHEAR WALL LOCATIONS Sarge r ck our properties across all of our divisions. 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TOP PLATE (SEE his s T retur aesthetic to a mid-rise multi-level development,” said Brock. “By concrete,PLATE SCH EyouDULE) can’t easily design to have the building pop in and u SEE STUD SCHED. & REVISION: SHEAR WALL SCHED. saving on the framing and speed of construction, Crescent is able outAS toNOTED create ON PLAN the architectural reveals the way you can with a FIRE-RETARDANT-TREATED to deliver a higher quality finished product for their tenants by wood-frameWOOD STUDS building. We can do a FLlotOOR TmoreRUSS SE E design-wisePLAN with putting more into the amenity package as well as landscaping, woodALL W AthatLL FRAM INweG TO Bcouldn’tE do with otherCONT . "Lproducts." METAL W/ #10 T EKSo both our H FIRE-RETARDANT- SCREW AT EA. STUD finishes and character of the residential units.” environmentalTREATED goals and our design goals provided the motivation for this to be a wood-frame building.” Five-story wood structures are nothing new for Crescent Exterior 1 hr Non-Load Bearing 3 Communities. In fact, of the 20 investments (valued at $1.5 billion) 3/4" = 1'-0" they currently have under construction or in planning, all but one Example: Type III Floor-to-Exterior Wall Detail is wood-frame. “We’re either building or hunting in 13 of the top FIRE-RETARDANT-TREATED W.S.P. G 20 metropolitan markets,” said Ford. “And we’re almost entirely R F F O O O FOR NAIL SIZE & SPACING SEE F Y E focused on wood-frame multi-family apartments. Most of these N E FASTENING SCHEDULE (TYP.) OR D SEE STUD SCHED. & T H O T I E I T N A R SEE SHEAR WALL SCHEDULE AT S SHEAR WALL SCHED. T T O R O U C I AS NOTED ON PLAN SHEAR WALL LOCATIONS S projects are similar to Crescent Terminus—urban infill, five-story, H T U O E 7 T F C 0.148" DIA. X 3 1/4" NAILS @ 12" O.C. 2X STUDS SEE STUD R B 5 U T U EDGE NAILING 6 D O (U.N.O.) SEE SHEAR WALL SCHED. SCHEDULE AND A S R 2 FIRE-RETARDANT-TREATED E T 7 N T Type III-A Class A construction in Main-and-Main locations. E AT SHEAR WALL LOCATIONS FOR SHEARWALL SCHEDULE S WOOD STUDS # S T O H A 3 FIRE-RETARDANT-TREATED . N C FASTENER SPACING AS NOTED ON PLAN. T O E 1 E . L O N WOOD TRUSS MEMBER 0 R R P 2 E C Obviously, we build for return on our investment, and wood-frame - S E O (NDS 2005 - SECTION 16.2.1 I R 2 S FLOOR SHEATHING EDGE NAILING D % T 1 T S I S CHAR RATE 1 1/2" PER HOUR) - FIRE-RETARDANT-TREATED N 0 I N 7 O 4 M U 0 T 2X BOTTOM PLATE E V I R construction is just more cost efficient per square foot than steel F FLOOR SHEATHING S . M E F N (SEE PLATE SCHEDULE) FLOOR SHEATHING O T P S U P O N E E , C N E A S S G A and concrete.” O D M O O : N I H D I FIRE-RETARDANT-TREATED U P P E P R D S T C R R I E 2X DBL.