Touring an innovative project with the Executive VP of Sustainable Living Innovations, AND coffee and donuts provided by the Real Estate Club! What's not to love!?
47+7, built using a prefabricated kit of parts designed by SLI, is the first of it's kind, but it won't be the last. Amazingly, the project, developed in conjunction with Wallace Properties, broke ground at the beginning of August and is schedule for completion on January 16th, only five-and-a-half months later. More projects are planned in dense cities with challenging site access, including New York and San Francisco, but the company is pushing to international locations as well (notably Asia).
Club members met Friday morning (11/21) during a perfectly timed lull in the rain to tour the site and hear about project economics, construction methods, and SLI's future plans.
Rick will also be joining us in Gould 110 this Tuesday (11/25) at 12:30 for our Lunch & Learn series to talk more about the project's deal structure and finances, so come prepared with questions! Remember to connect with the Club to hear about more great events.