|Three Squared, Inc. to break ground on America’s first multi-family dwelling constructed from retired shipping containers to save money and environmental resources.
While new “brick and mortar” construction continues to decline amid economic woes and as lumber—the primary new construction material—is harvested faster than it can be replenished to devastating environmental effect, forward-thinking real estate development company Three Squared™, Inc. has made exceptional progress with its cargo container residential and commercial construction initiatives due to escalating marketplace acceptance and demand driven by superior cost efficiencies, heightened profitability, and minimized build time. The company, whose pioneering shipping container building solution offers systemized and sustainable construction resulting in affordable luxury, today announced an array of significant company projects and other milestones, as follows.
• Rosa Parks condo complex—the company’s flagship project in Detroit representing the first multi-family dwelling constructed from retired shipping containers in the United States—is now “shovel ready” with an approved $603K tax credit; project approved for buyer’s with $25K down payment assistance available. This 20-unit, four-story condominium complex spans 26,000 square feet and integrates 93 shipping containers. The energy efficient systems include ductless heating and air system, tank-less water heaters, and other amenities that combine to reduce each unit’s energy costs by up to 80%;
• Scheduled to break ground on Model Center November 2012 with completion slated for January 2013; will be ready to accept purchase agreements to company’s Rosa Parks and Michigan Ave. projects;
• $4.5 million Lake Tahoe recreational cabin project, which includes construction of 65 recreational cabins on 67 acres of prime Lake Tahoe property;
• Launched patented Cargolinc™ Systems–a first-of-its-kind proprietary 3 step process that provides architects, builders/developers, and private owners with a comprehensive three-step process that surpasses green and sustainable construction and quality standards at a fraction of the cost and time, allowing for higher quality luxury finishes within budget; and
• Multiple patent filings in process.
“We are the perfect solution to construction for all types of projects,” notes Leslie Horn, CEO of Three Squared. “With the U.S. new construction industry desperate for ways to cut costs without undermining quality, green home construction gaining significant momentum, and a growth rate from $49 billion to $140 billion (representing 20% of new construction) forecasted over the next five years, shipping container-based construction is an extraordinarily well-positioned solution. This is especially true for America’s multi-family, mixed use, and commercial markets that are completely underserved even as demand for this segment rises. For these reasons and more, our cargo container-based building options are being extremely well received in both the domestic and international marketplace as our recent array of milestones exemplify. We love Detroit and are thrilled to be building there and help lead turning both the city’s and our nation’s economy around.”
Detroit, struggling to keep its proverbial head above water with the collapse of U.S. steel and auto industry and often avoided as a corporate headquarters locale, has a long history of firsts that have impacted the country greatly. In our American culture Detroit has a proud history. With its civic pride returning and sports teams on the comeback, many companies are eyeing the city as choice geography. Whole Foods, for example, is opening its first store there, and Quicken Loans is creating new jobs and leading the pack of encouraging downtown Detroit employees to move to Detroit by offering financial incentives and down-payment assistance programs. Detroit is perfectly positioned to be the home of Three Squared’s first projects.
“Our company marries the trend toward sustainable green housing solutions with the problems of escalating building costs and a surplus of unlikely yet durable, versatile, widely available, economical and code-friendly shipping containers, which we use as the primary material for construction framing of houses, condominiums, dormitories and other residential, retail, and commercial structures,” Horn continues. “In fact, our cargo container-based construction costs an average of half of other building methods. The structures take a fraction of the time to build and are more energy efficient than their counterparts because of a high-purposed combination of new technologies our team is creating and blending together. What’s more, our buildings provide an elegant balance of simplicity with inherent character and personalized style in each wall. Design is only limited by imagination, not expense. In addition, residents and tenants alike know that their walls have traveled the world and have a story to tell. They’ve seen the ocean and other countries and have stood the test of time.”
As the primary material used in new construction, lumber is a precious commodity that is harvested faster than it can be replenished. According to the U. S. Department of Energy (DOE), trees process significantly more carbon dioxide through absorption before it has a chance to reach the upper atmosphere. The removal of trees without sufficient reforestation has resulted in devastating habitat damage, biodiversity loss, aridity, soil erosion and bio-sequestration of atmospheric carbon dioxide.
Three Squared uses retired shipping containers as its primary framing material for new construction. Made of steel and wood, this product is stronger than conventional framing, stackable for creating levels, and readily available. The excess containers on the market significantly reduce the comparative cost. With a price tag as low as $900 each, used shipping containers offer a relatively inexpensive construction medium. Even when purchased new, shipping containers rarely cost more than $6,000. Cargo containers may, in fact, be considered the ideal building material as they are strong, resistant to the elements, durable and versatile. Construction is accomplished by simply positioning them. The containers’ modular design makes additional construction as easy as stacking more containers up to 12 high. The interlocking mechanism of the containers facilitates mobility so that structures made from them can be easily disassembled, moved, and reassembled.
About Three Squared, Inc.
Three Squared uses retired shipping containers as its primary framing material for new construction. Made of steel and wood, this product is stronger than conventional framing, stackable for creating levels, and readily available. The excess containers on the market significantly reduce the comparative cost. With a price tag as low as $900 each, used shipping containers offer a relatively inexpensive construction medium. Even when purchased new, shipping containers rarely cost more than $6,000. Cargo containers may, in fact, be considered the ideal building material as they are strong, resistant to the elements, durable and versatile. Construction is accomplished by simply positioning them.
Design is only limited by imagination, not expense.