Constructing buildings is an ancient practice with new and innovative methods applied as they are developed. Concrete, which showed up thousands of years ago, has been a staple in construction. New methods and practices are changing even that age-old approach to building. For example, The Faith Group, a developer in Aventura, Fla., is the first to bring a breakthrough construction technology and methodology to the United States, called ACT (Advanced Concrete Technology).
The family-owned, vertically integrated real estate company, which focuses on multifamily housing, retail, hospitality, and office space, is currently using the ACT approach to construct The Modern Towers apartment complex south of Miami. This $150 million project will be built for a fraction of the usual cost and include 665 rental units, two swimming pools and clubhouses, two freestanding parking structures, and commercial space.
The Modern Towers project broke ground in November 2019 and is expected to be completed by August 2020. This expedited timeline is due to ACT, the construction technology and methodology that The Faith Group says will permanently alter the development, real estate, and construction landscapes within the U.S. by setting new standards for the development and construction of apartments, hotels, and affordable housing complexes.
Buildings built using this system are hurricane resistant by being all concrete and also mildew-resistant. They contain no sheet rock panels and are not subject to roof leaks—the roofs are made of pure, tilted concrete. They are also safe from termites, since no wood is used.
ACT construction is done at a fraction of conventional time and cost by combining several steps and inspections into a single step and inspection, expediting the construction timeline dramatically, saving an average of 76% of the total construction time. In addition, it is more cost-effective and saves an average of 30% of construction costs per project. This is made possible by including the electrical and plumbing components within the concrete exterior and interior walls, which significantly reduces the number of steps and inspections required during construction.
In addition to providing more affordable housing to Miami and nationwide, the ACT technology behind the project will provide a much-needed solution to the construction delays, high labor costs, and budget overrides often associated with large multi-family construction projects. This production model also boasts an industrialized mass production system to help standardize the building process and increase productivity as well as the speed of completion, and it is easily adaptable to the varying demands of each project.
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