Thanks to high rents, New York City is losing one of its longtime modular construction companies at the Brooklyn Navy Yard. And the news could send ripples through the city's prefab construction scene. Capsys, a pre-fab builder founded in 1996, was paying $4 per square foot for its space in the Navy Yard, far below what other tenants were paying. The going rent, $20 per square foot, for manufacturing space at the Navy Yard is already set below market to retain firms that would otherwise not be able to afford to do business in the city. Upon learning in 2010 that their longterm lease was not being renewed, Capsys went hunting for new space. The advantage of local prefab construction is cost and quality control. Building are constructed at the factory by (usually) nonunion workers. Architects can check in on the projects, correcting any flaws before the pieces are shipped. Although rents are lower in New Jersey and Pennsylvania, being based locally cuts down on expensive overland shipping costs. Recently, though, new regulations require modular units to have an (expensive) police escort when the units are ferried to construction sites. For almost ten years, Capsys was the only modular builder in the Navy Yard until Forest City Ratner moved its operations there. With new owners of Forest City's Pacific Park, it looks like Forest City's modular building operations may close, though this could be due less to rising rents and more to design issues that incur costs. The shortcomings of Pacific Park's B2, the SHoP Architects–designed world's tallest modular tower, have been widely documented. Capsys has designed 55 micro-apartments for Carmel Place (the building formerly known as adAPT NYC), and Alexander Gorlin's Nehemiah townhouses, among other projects. When the company closes shop, Capsys will sell its intellectual property to a Pennsylvania company.
Posts tagged with "B2":
Last Thursday, the first mods of the SHoP Architects' prefabricated skyscraper—the B2 tower at Brooklyn's megaproject, Atlantic Yards—were hoisted up and assembled into place. The 32-story residential tower, which will be half affordable housing, will rise within the Atlantic Yards development adjacent the Barclays Center. The modular components are being built locally in a 100,000 square foot facility in the Brooklyn Navy Yard. When construction is complete by end of 2014, it will be the world's tallest pre-fabricated building.