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News » US » Contract awarded for housing built from shipping containers » published 13 Feb 2018

Contract awarded for housing built from shipping containers

SG Blocks has secured a contract to design and construct a housing complex built from shipping containers

The  four-building development – the second-largest in the company’s history – will provide a total of 183,000 square feet of workforce accommodation in Sullivan County, New York. The multi-story, multi-family development will house low- to middle-income households and will bring an estimated US$29m in revenue to SG Blocks.

The company uses cargo shipping containers, instead of consuming new steel and lumber. The firm said that it capitalizes on the structural engineering and design parameters a shipping container must meet and repurposes them for use in building.

SG Blocks will provide the services of a turn-key development manager for the Sullivan County project, including architectural engineering and design, project administration and building systems work. The workforce housing development will target employees for a newly built US$1.2bn resort that includes an 18-story hotel, a casino and entertainment complex, an entertainment village, golf course and waterpark.

Paul Galvin, chairman and CEO of SG Blocks, said: “The National Multifamily Housing Council expects that 4.5 million new apartments will need to be built in the US by 2030, particularly in the affordable housing sector. Our modular approach to construction enables a faster time to market and notable cost savings for these types of projects, allowing innovative developers to rapidly address new market opportunities.

“Our growing construction backlog, which currently sits at 715,000 square feet, stands as a testament to the value that the market places on our technology, and we expect to recognize revenue from this project starting in the second half of 2018.”

 

MPU

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This article was published on 13 Feb 2018 (last updated on 13 Feb 2018).

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