Shipping container homes and shops have been popping up here and there around New York City, but two developers are hoping to bring a lot more of the sustainable design trend to the Big Apple. Palladium Management and SG Blocks recently created a new partnership to implement multi-family and retail space made of repurposed shipping containers throughout some of the city’s boroughs. Funded by Westchester County-based Dillon Hill Capital, the ambitious project is currently waiting on approval for 24 sites across NYC.
David Roth, principal at Palladium, explains that the project’s goal is to spur a new vision of sustainability and affordability in one of the world’s most expensive real estate markets. “Using the containers, we can cut the tie of construction by half as well as reduce the hard costs, and do it with a sizeable smaller carbon footprint, allowing us to bid successfully where other companies have to factor in more costs,” he said.
According to SG Blocks CEO Paul Galvin, the team hopes to put some 22 million unused containers sitting around the city to good use. Although sometimes used for seasonal or functional dwellings such as temporary offices or living space, most of the shipping containers go unnoticed. Under the team’s new plan, the containers’ steel construction, when utilized properly, can allow for easy and fast assembly and provide safe living conditions. Additionally, the containers can be stacked up to 12 containers high, creating endless opportunities for expansion.
Galvin explains that the joint venture really is working on a win-win theory as far as construction and environmental efficiency. “While other developers are having to factor in years to market after ground breaks, on a container project, while site work and utilities are being done, we’re at the same time fabricating your building at another location,” he said. “Our carbon fiber footprint is only about 5 percent of traditional construction, and we’re repurposing these containers for higher and better use that will save owners money.”
Via NREI Online
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