Startup aims to cut apartment, hotel building costs with $20M Minnesota modular-construction factory.
Rise Modular’s Owatonna, Minnesota-based operation aims to cut apartment and hotel building costs by 5-10%, with time-savings estimates bringing that number up to 20%.
Rise Modular Sees a Future in Modular Construction
Finance and Commerce sat down with our Founder and CEO Christian Lawrence to discuss the construction market, the benefits of modular construction, and the opportunities that we see in front of us.
Modular Construction Company to Open Factory in Owatonna
Rise Modular is building out its Owatonna-based production facility, creating local jobs while supporting the national commercial construction industry.
Modular can help increase housing supply if we let it
With the reduction of risk and an increase in control, modular construction has many (currently under-appreciated) benefits. The trends indicate that its is growing, which could be an opportunity for the construction industry, and our economy, to greatly benefit…if we do it right.
Piece by Piece, a Factory-Made Answer for a Housing Squeeze
Developers are taking on residential building challenges by extending the concept of prefabricated housing to manufacture entire apartment buildings.
The beauty and affordability of modular living
The modular home has quickly become the new, albeit humble, poster child for quick, affordable housing and off-the-grid living. It also offers immediate housing to disaster-struck communities and may be a solution for the homeless in Los Angeles.
Sterling Bay plans affordable housing on more than 100 vacant lots in Chicago, using modular construction
Sterling Bay plans to build affordable housing on more than 100 vacant lots on Chicago’s South and West sides, as the developer known for larger and glitzier projects takes a crack at Chicago’s affordable housing shortage.
New York’s modular building revolution is here
New York’s modular dream is, albeit in fit and starts, coming true. The increasingly popular process of modular construction involves fabricating structural components — a k a modules — in a factory, then transporting them to the construction site to later stack and assemble.
Modular building growing in popularity in housing-starved Boston area
At one end of a football-field-size plant 40 miles north of the Maine border, workers lay out boards and cover them with plywood to make a floor. At the other end, an 800-square-foot apartment — bathroom fixtures and all — is swaddled in protective wrapping and rolled out to the parking lot.
Inside CitizenM’s New York Flagship, The World’s Tallest Modular Hotel
Amsterdam-based “affordable luxury” hotel chain citizenM is set to expand significantly in North America, revealing plans to build a dozen more hotels in the U.S. by 2020.