erik L.’s Post

Interesting to see one of the largest apartment owner's take a step toward into modular complexes. The rise of modular building and VDC in the AEC industry will be a key opportunity for firms to consider.

Modular housing development — building homes in off-site factories — has long been a fringe part of the U.S. market. Now, America's biggest apartment owner is trying to change that. Greystar is opening a six-building modular apartment complex, its first U.S. project assembled using this alternative construction method. “We’ve seen modular as a choice. I think we’re past beyond that,” McKinsey senior partner Jose Luis Blanco tells me. “It’s just a pure necessity.” I'm back on the housing beat at WSJ. Read my first story here: https://lnkd.in/ez3jrjnA

Another great example of the wins captured through strategic investments in alternative building methods. This 312 unit apartment six building complex was roughly 10% cheaper for Greystar to build relative to a traditional multifamily project delivered in nearby #Pittsburgh and was built roughly 40% faster than their traditional projects. The on-site construction required one-third of the company’s standard workforce and generated 90% less waste. Modern Living Solutions Modular Building Institute Housing Innovation Alliance, LLC https://lnkd.in/gm6JFxJf

America’s Biggest Apartment Owner, Greystar, Takes a Leap Into #ModularHomes: https://lnkd.in/duex5TJC Using #modularconstruction, this project was roughly 10% cheaper for Greystar to build relative to a traditional #multifamily project in nearby #Pittsburgh. The apartment units have between one and three bedrooms and range in size from 662 square feet to 1,373 square feet. Says Jose Luis Blanco Alvarez, a senior partner at McKinsey & Company, of this and similar projects: “We’ve seen modular as a choice. I think we’re past beyond that. It’s just a pure necessity.” Modular Building Institute #offsiteconstruction

🏘️ Modular homes: the future of construction? Greystar Real Estate Partners, one of America’s largest apartment owners, is diving headfirst into modular construction, and it’s a move that could shake up the industry. 🚀 This shift promises faster project timelines and potential cost savings—all while addressing the ever-growing demand for affordable housing. As someone who’s passionate about innovation in construction and building practices, this story highlights how modular construction could redefine scalability and efficiency. It's exciting to see such a significant player embrace this approach, and it leaves me wondering: Could this be the tipping point for modular to go mainstream? Check out the article from The Wall Street Journal. https://lnkd.in/e4_UV5Xh #Construction #Innovation #ModularHousing #FutureOfBuilding

America's largest apartment owner venturing into modular homes highlights a significant shift in the housing industry. Modular construction offers a solution to rising costs and demand for faster, more efficient builds. After years of discussion and numerous failed attempts, advancements in technology and manufacturing may finally make modular housing economically viable. #RealEstate #Construction #HousingInnovation

#Multifamily developers are turning to factory-built construction methods for its cost effectiveness, quality, and overall efficiency. That includes Greystar Real Estate Partners, which just finished a new six-building modular apartment complex – which will be followed by six more similar projects.    The Wall Street Journal shares why America’s largest developers see modular as a more viable alternative to traditional construction methods: https://lnkd.in/e6VkQCYQ 💡 

Modular housing is a game-changer for the U.S. market, and it’s exciting to see industry leaders like Greystar embracing this innovative approach. Not only does it address delays common in traditional construction, but it also offers a more efficient way to manage resources, reducing waste and time. Additionally, modular construction is often more cost-effective, making high-quality housing more accessible. I am forecasting that this type of housing will expand globally in the near future—you’ll soon hear of homes being imported from the U.S. or other regions. However, this rapid expansion will present significant challenges for government housing approvals and standards, as existing regulations may need to evolve to accommodate this innovative and scalable construction method. #modularhousing #housinginnovation

America's largest apartment operator, Greystar, just opened its first modular apartment complex -- and it's definitive proof of how an integrated modular approach like ours can deliver multifamily projects significantly faster and cheaper than conventional construction: What: ✅ Greystar's first modular apartment complex, a 312-unit development in Coraopolis, PA ✅ Modular design and modular fabrication at Greystar's Knox, PA factory Results: ✅ 40% faster construction than Greystar's traditionally-built projects ✅ 10% cheaper ✅ 90% less waste ✅ 2/3 less on-site labor required for finish work This integrated modular design, fabrication, and assembly is exactly what the Cloud Apartments platform provides -- with even greater cost savings ( 30!). Who's next? We're excited to partner! Mill Creek Residential Trust LLC Trammel Crow Residential Svcs Wood Partners Hines Related Companies Hillpointe Avalon Alliance Residential Company The Michaels Organization Core Spaces D.R. Horton - Multifamily The Garrett Companies Roers Companies Thompson Thrift SoLa Impact Woodfield Development Willow Bridge Property Company LDG Development, LLC The Bainbridge Companies Advantis Development Northwood Ravin JPI Toll Brothers Fairfield Residential Hawthorne Residential Partners Holland Partner Group OHT Partners, LLC Aventon Companies Evolve Companies cc: Curtis Wong Apoorva Pasricha Tim Connors Matthew Rapa Sara Torrelko #industrializedconstruction #multifamily #realestatedevelopment #modulardevelopment #prefabhomes #offsiteconstruction #innovationinconstruction #affordablehousing #urbandevelopment #workforcehousing #modularhomes

America’s Biggest Apartment Owner Takes a Leap Into Modular Homes: "Ltd. Findlay is the first property developed at Greystar’s modular factory in Knox, Pa ...Ltd. Findlay was built roughly 40% faster than Greystar’s traditional projects, Mest said. The on-site construction required one-third of the company’s standard workforce and generated 90% less waste." https://lnkd.in/ed5FRdyh