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CBG Reaches Milestone at Pennsylvania Community

The Smith Garage Complete, With West Building Framing to Begin Next Week
March 23, 2018

KING OF PRUSSIA, Pa.—CBG Building Company finished the garage today at The Smith today for repeat client Woodfield Investments, and is scheduled to begin framing the project's West Building next week. The 320-unit community will comprise five residential segments in the King of Prussia Town Center, which offers outdoor shopping, dining, entertainment, and living options.

CBG Reaches Milestone at Pennsylvania Community Press Release Image

The Smith

"We've done a number projects with CBG that have all completed on schedule and budget," said Rick Rowland, development partner at Woodfield Investments. "The Smith is shaping up to be the latest in that track record."

CBG employed strategic timing of construction activities to meet the West Building's framing milestone - first completing segments that required concrete construction, then erecting the garage. By avoiding overlap in construction activities within the same building segment, CBG gained considerable time in the schedule and ensured the West Building framing was set to begin on time.

"This multi-segment community brings with it a level of complexity that we managed using careful sequencing," said Keith Anderson, president of CBG. "We look forward to adding another residential option for members of the King of Prussia community, and in particular to be a part of the King of Prussia Town Center."

When complete, The Smith will feature studio through three-bedroom units with luxury finishes and high-end amenities such as business and fitness centers, a pool, coffee bar, and outdoor courtyards.

In addition to The Smith, CBG has partnered on five other communities with Woodfield Investments, including Residences at Siesta Key, a 315-unit mixed-use community in Rockville, MD; Station on Silver, a 400-unit residential community in Herndon, VA; and Azure Oxford Square, a 248-unit residential community in Hanover, MD.

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About CBG Building Company

Through a relentless pursuit of innovation, a steadfast commitment to quality, and active collaboration with clients, CBG has been delivering award-winning communities from coast to coast for more than 25 years. CBG's professional construction team builds more than 4,000 homes each year, providing high-quality, responsive service backed by a significant bonding capacity and national resources. CBG's experience spans a diverse portfolio of geographic areas and product types, including luxury, mixed-use, and affordable housing apartments, as well as campus housing, military family communities, and senior living facilities. Together, we draw on the knowledge gained through building more than 80,000 housing units since 1992. For more information, visit www.cbgbuildingcompany.com.>

About Woodfield Investments

Woodfield Investments is a developer and operator of Class A multi-family and mixed-use assets in the Mid-Atlantic and Southeastern United States. With a depth of experience in acquisitions, development, operations, asset management, and capital markets, Woodfield creates lasting value in its investments, communities, and relationships. For more information, visit www.woodfieldinvestments.com.