The Grand, in the South Bronx, developed by Thorobird Companies
NEW YORK CITY—Modular homes are sometimes referred to as “manufactured” instead of “constructed.” Now, New York City is funding a modular affordable housing project at 581 Grant Ave. in East New York, Brooklyn. The development will be one of the first in the state to use the method of stacking factory-produced apartment units to lower construction costs and increase efficiency. The city estimates this will reduce construction time 25% to 30%.
The city awarded a $70 million contract to Thorobird Companies in partnership with Bangladeshi American Community Development & Youth Services to develop the new, 167-unit affordable housing complex. The city funds are partially coming from the Department of Housing and Preservation's Extremely Low and Low-income Affordability (ELLA) program.
This was the first request for proposal the city issued and awarded for modular construction. Now 581 Grant Ave. could mark a change moving forward in how homes are built, especially where there are shortages.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
