At a recent project launch event held at Next Energy
, members of the Three Squared
management team as well as board members and partners on the project unveiled their new patented Cargolinc Systems
Three Squared will be the first multi-family-living shipping container construction project in the country
. Cargolinc is a comprehensive three-step system that accelerates green and sustainable construction with high quality standards at a fraction of the cost. Three Squared's proprietary Cargolinc Systems allow the heavy-gauge steel shipping containers used in their residential and commercial real estate construction to be engineered for strength, affordability, energy efficiency, and design aesthetics (samples shown were totally unidentifiable as shipping containers, with exterior finishes that mimic traditional commercial and residential construction).
Three Squared, using the patented Cargolinc Systems, aims to be the global leader in multi-family, mixed-use and commercial (including hotels and student housing) cargo container construction development, with $260 million already pledged in investments around the country.
Cargo containers are fire-resistant and strong enough to withstand hurricanes and earthquakes, and the adaptive reuse of these containers means both low-cost materials and exceptional sustainability. Around the world, shipping container construction is becoming increasingly popular for its durability, sustainability, and affordability, but in the United States the multi-family and commercial markets are still relatively untapped.
Major funding and partnership efforts are still underway, but Three Squared plans to break ground on its two-unit model site on Michigan Avenue in Corktown next to the Grinnell Place Lofts by the end of this month, while the main site at West Warren Avenue and Rosa Parks in Woodbridge, which will become a 20-unit condo complex, is anticipated to break ground this summer. Once ground is broken it will take only seven days to frame and six months to build. They also plan to add another six to eight units behind the model site in the future.
Source: Leslie Horn, CEO of Three Squared, Inc.
Writer: Nicole Rupersburg
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