Construction Today - December 2017 - 91

Stillwater's portfolio ranges from student housing to Class A multifamily
buildings to high-end custom homes.

«

putting green and outdoor seating, game room, fitness center, eighthfloor sky lounge with fireplace, multiple study rooms and resident
events. The Hudson boasts professional on-site management.
"In the amenity space, it's evolving and what a student wants now
and expects is different than it was 10 years ago," Sherman says. "We
have spent a lot of time, money and effort to develop best-in-class
connectivity in our student housing. The student housing space leads
the market and those trends trickle into the multifamily space."
Stillwater used prefabrication for the first time on The Hudson.
The eight-foot exterior wall panels were digitally cut and built in a
Denver-based production shop and erected on-site. "It saves a great
amount of time in construction and with student housing you can't
be late," Sherman says. "It allows us to build higher, denser products
because wood framing has its limits in terms of height from a structural standpoint and building code. Steel allows you to go higher
and it's not as expensive as concrete."
Stillwater expects to continue using prefabrication on its multifamily projects moving forward. "Land prices are going up so you
have to build denser and more units on that piece of land to justify
the land price," Sherman explains. "Prefabrication is the way to do it
without the cost going up with a concrete structure."

they don't want a dense apartment complex with loud parties or the
frat house lifestyle."
To address those pain points for the late 20- to early 30-year-old
renter, Stillwater developed The Atwood. "There is a real demand
for more single-family living in a rental market and the townhouse
concept creates that," Sherman adds. "They have direct access to their
garage, private front yards, street-level entry, and it's a much larger
unit than what you typically see in urban multifamily buildings."
The Atwood has a modern, craftsman-style feel and is accentuated
with a clubhouse, pool, fitness center, yoga and spin studio, green
spaces for pets and a rooftop deck for outdoor grilling or entertaining. The flats are located above the townhomes, which Sherman says
is unique to The Atwood.
"It's a way to have fairly dense amount of rentable square feet
when zoning limits you to three stories," he adds. "By burying the
garage it keeps the cost down and we get more rental square feet in
this zoning area."
Moving forward, Stillwater plans to continue to adapt and respond
to market demands. "When you start the development of a project
you are making a bet on demand two to three years out, so you have
to be aware of the macroeconomics and trends happening now,"
Sherman says. "Our strategy is to focus in Texas and continue to
build a really good team internally and maintain long-term relationships with our subcontractors who are an important part of our
continued success."

The Atwood
Stillwater's The Atwood consists of 318 townhomes and flats with
one-, two- and three-bedroom floor plans on seven acres of land in
Dallas. The company began developing The Atwood in summer 2015
and completed the first units in February 2017.
"We are 90 percent leased at this point," Sherman notes. "One
of the unique things about The Atwood is the townhouse layout.
The single-family market continues to be difficult for the first-time
homebuyer because financing is still really tough. We think home
purchases have been pushed off, but as the demographic gets older

91

DECEMBER 2017 CONSTRUCTION-TODAY.COM


http://www.CONSTRUCTION-TODAY.COM

Table of Contents for the Digital Edition of Construction Today - December 2017

Contents
Construction Today - December 2017 - Cover1
Construction Today - December 2017 - Cover2
Construction Today - December 2017 - 1
Construction Today - December 2017 - Contents
Construction Today - December 2017 - 3
Construction Today - December 2017 - 4
Construction Today - December 2017 - 5
Construction Today - December 2017 - 6
Construction Today - December 2017 - 7
Construction Today - December 2017 - 8
Construction Today - December 2017 - 9
Construction Today - December 2017 - 10
Construction Today - December 2017 - 11
Construction Today - December 2017 - 12
Construction Today - December 2017 - 13
Construction Today - December 2017 - 14
Construction Today - December 2017 - 15
Construction Today - December 2017 - 16
Construction Today - December 2017 - 17
Construction Today - December 2017 - 18
Construction Today - December 2017 - 19
Construction Today - December 2017 - 20
Construction Today - December 2017 - 21
Construction Today - December 2017 - 22
Construction Today - December 2017 - 23
Construction Today - December 2017 - 24
Construction Today - December 2017 - 25
Construction Today - December 2017 - 26
Construction Today - December 2017 - 27
Construction Today - December 2017 - 28
Construction Today - December 2017 - 29
Construction Today - December 2017 - 30
Construction Today - December 2017 - 31
Construction Today - December 2017 - 32
Construction Today - December 2017 - 33
Construction Today - December 2017 - 34
Construction Today - December 2017 - 35
Construction Today - December 2017 - 36
Construction Today - December 2017 - 37
Construction Today - December 2017 - 38
Construction Today - December 2017 - 39
Construction Today - December 2017 - 40
Construction Today - December 2017 - 41
Construction Today - December 2017 - 42
Construction Today - December 2017 - 43
Construction Today - December 2017 - 44
Construction Today - December 2017 - 45
Construction Today - December 2017 - 46
Construction Today - December 2017 - 47
Construction Today - December 2017 - 48
Construction Today - December 2017 - 49
Construction Today - December 2017 - 50
Construction Today - December 2017 - 51
Construction Today - December 2017 - 52
Construction Today - December 2017 - 53
Construction Today - December 2017 - 54
Construction Today - December 2017 - 55
Construction Today - December 2017 - 56
Construction Today - December 2017 - 57
Construction Today - December 2017 - 58
Construction Today - December 2017 - 59
Construction Today - December 2017 - 60
Construction Today - December 2017 - 61
Construction Today - December 2017 - 62
Construction Today - December 2017 - 63
Construction Today - December 2017 - 64
Construction Today - December 2017 - 65
Construction Today - December 2017 - 66
Construction Today - December 2017 - 67
Construction Today - December 2017 - 68
Construction Today - December 2017 - 69
Construction Today - December 2017 - 70
Construction Today - December 2017 - 71
Construction Today - December 2017 - 72
Construction Today - December 2017 - 73
Construction Today - December 2017 - 74
Construction Today - December 2017 - 75
Construction Today - December 2017 - 76
Construction Today - December 2017 - 77
Construction Today - December 2017 - 78
Construction Today - December 2017 - 79
Construction Today - December 2017 - 80
Construction Today - December 2017 - 81
Construction Today - December 2017 - 82
Construction Today - December 2017 - 83
Construction Today - December 2017 - 84
Construction Today - December 2017 - 85
Construction Today - December 2017 - 86
Construction Today - December 2017 - 87
Construction Today - December 2017 - 88
Construction Today - December 2017 - 89
Construction Today - December 2017 - 90
Construction Today - December 2017 - 91
Construction Today - December 2017 - 92
Construction Today - December 2017 - 93
Construction Today - December 2017 - 94
Construction Today - December 2017 - 95
Construction Today - December 2017 - 96
Construction Today - December 2017 - 97
Construction Today - December 2017 - 98
Construction Today - December 2017 - 99
Construction Today - December 2017 - 100
Construction Today - December 2017 - 101
Construction Today - December 2017 - 102
Construction Today - December 2017 - 103
Construction Today - December 2017 - 104
Construction Today - December 2017 - 105
Construction Today - December 2017 - 106
Construction Today - December 2017 - 107
Construction Today - December 2017 - 108
Construction Today - December 2017 - 109
Construction Today - December 2017 - 110
Construction Today - December 2017 - 111
Construction Today - December 2017 - 112
Construction Today - December 2017 - Cover3
Construction Today - December 2017 - Cover4
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue2a
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue1
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue1a
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol16issue6
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol16issue5
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol16issue4
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol16issue3
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol16issue2
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol16issue1
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201712
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201711
http://digital.construction-today.com/nxtbooks/knighthouse/ct_20170910
http://digital.construction-today.com/nxtbooks/knighthouse/ct_20170708
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201706
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201705
http://digital.construction-today.com/nxtbooks/knighthouse/ct_20170304
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201702
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201701
http://digital.construction-today.com/nxtbooks/knighthouse/ct_20161112
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201610vol2
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201610
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201609
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201608
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201607
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201606
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201605
http://digital.construction-today.com/nxtbooks/phoenix/ct_201604
http://digital.construction-today.com/nxtbooks/phoenix/ct_20160304
http://digital.construction-today.com/nxtbooks/phoenix/ct_20160102
http://digital.construction-today.com/nxtbooks/phoenix/ct_20151112
http://digital.construction-today.com/nxtbooks/phoenix/ct_20150910
http://digital.construction-today.com/nxtbooks/phoenix/ct_20150708
http://digital.construction-today.com/nxtbooks/phoenix/ct_20150506
http://digital.construction-today.com/nxtbooks/phoenix/ct_20150304
http://digital.construction-today.com/nxtbooks/phoenix/ct_20150102
http://digital.construction-today.com/nxtbooks/phoenix/ct_20141112
http://digital.construction-today.com/nxtbooks/phoenix/ct_20140910
http://digital.construction-today.com/nxtbooks/phoenix/ct_20140708
http://digital.construction-today.com/nxtbooks/phoenix/ct_20140506
http://digital.construction-today.com/nxtbooks/phoenix/ct_20140304
http://digital.construction-today.com/nxtbooks/phoenix/ct_20140102
http://digital.construction-today.com/nxtbooks/phoenix/ct_20131112
http://digital.construction-today.com/nxtbooks/phoenix/ct_20130910
http://digital.construction-today.com/nxtbooks/phoenix/ct_20130708
http://digital.construction-today.com/nxtbooks/phoenix/ct_20130506
http://digital.construction-today.com/nxtbooks/phoenix/ct_20130304
http://digital.construction-today.com/nxtbooks/phoenix/ct_20130102
http://digital.construction-today.com/nxtbooks/phoenix/ct_20121112
http://digital.construction-today.com/nxtbooks/phoenix/ct_20120910
http://digital.construction-today.com/nxtbooks/phoenix/ct_201208
http://digital.construction-today.com/nxtbooks/phoenix/ct_201207
http://digital.construction-today.com/nxtbooks/phoenix/ct_201206
http://digital.construction-today.com/nxtbooks/phoenix/ct_201205
http://digital.construction-today.com/nxtbooks/phoenix/ct_201204
http://digital.construction-today.com/nxtbooks/phoenix/ct_201203
http://digital.construction-today.com/nxtbooks/phoenix/ct_201202
http://digital.construction-today.com/nxtbooks/phoenix/ct_201201
http://digital.construction-today.com/nxtbooks/phoenix/ct_201112
http://digital.construction-today.com/nxtbooks/phoenix/ct_20111011
http://digital.construction-today.com/nxtbooks/phoenix/ct_201109
http://digital.construction-today.com/nxtbooks/phoenix/ct_201108
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201107
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201106
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201105
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201104
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201103
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201102
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201101
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201012
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201011
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201010
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201009
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201008
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201007
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201006
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201005
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201004
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201003
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201002
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201001
http://digital.construction-today.com/nxtbooks/schofield/ct_200912
http://digital.construction-today.com/nxtbooks/schofield/ct_200911
http://digital.construction-today.com/nxtbooks/schofield/ct_200910
http://www.nxtbook.com/nxtbooks/schofield/ct_200909
http://www.nxtbookMEDIA.com