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A brand-new life sciences hub is born at the heart of downtown Montreal
MONTREAL, May 4, 2023 /CNW/ - On the occasion of the Effervescence conference organized by Montral InVivo, Normand Rivard, Managing Partner, Life Sciences and Innovation at Jadco Group, and Martin Leblanc, Cofounder and Vice-Chairman of the Board of Directors of CellCarta, unveiled Inspire Bio Innovations Montreal, a brand new life sciences and precision medicine hub that will be home to CellCarta's head office, among other things.
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Situated in the heart of the university district, opposite the IRCM (Montreal Clinical Research Institute) and at the centre of the city's health corridor, Inspire bio innovations revives the site of the former Montreal Chest Institute, which was a key medical centre in the history of Montreal and Quebec.
Ultimately, this large-scale project, with $350 million in private investment, will offer 450,000 square feet of state-of-the-art laboratories, offices and collaborative spaces. Inspire bio innovations will become the focal point of the life sciences ecosystem. Major pharmaceutical companies, biotech companies, research institutes, students, university researchers and innovative startups will work together to accelerate the development of scientific discoveries and make them accessible worldwide.
The Montreal area and indeed all of Quebec will be able to count on this key hub to foster synergy and strategic meetings between relevant players in the life sciences and artificial intelligence ecosystems in health, accelerate innovation and discoveries, develop and recruit world-class talent, and retain and attract head offices in cutting-edge sectors. Some of the project's key features include a glass atrium, a conference and training centre, a rooftop terrace, and an exceptional architectural signature(NEUF architect(e)s, Fahey).
In addition, collaborative spaces, including state-of-the-art laboratories, along with top-notch professional services and a scientific entrepreneurial startup accelerator, will facilitate the creation, growth and success of the next generation of life sciences companies.
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Inspire bio innovations will be able to host, for example, early-stage drug development projects and accompany startups through the various clinical phases, allowing them to benefit from the proximity of all major clinical sites and CellCarta's expertise in clinical trial design and regulatory expertise.
Quotations
"For many years, researchers, startups and investment firms have decried the glaring lack of state-of-the-art laboratories in downtown Montreal, at the heart of the life sciences research and training ecosystem, near universities, hospitals, research centres and the business community. In addition, one of the greatest challenges faced by life sciences companies remains recruitment and retention of the skilled personnel they require for their development, in a context of shortage of qualified workers. Montreal is therefore facing strong competition, at a time when several major North American and European cities already have well-established life sciences hubs in the heart of their downtown areas that serve as major growth drivers. However, Montreal has all the assets to become one of the most dynamic and promising international life sciences hubs. This project is a perfect response to the needs expressed by the ecosystem and will allow Montreal and Quebec to maintain their position as leaders on the international scene." - Normand Rivard, Managing Partner, Life Sciences and Innovation, Jadco Group.
"We are very proud to be associated with this highly structuring and promising project for the future of the life sciences sector and of downtown Montreal. Having chosen to establish our laboratory operations and headquarters in downtown Montreal over 12 years ago, CellCarta is delighted to have found a site and a project that fully meets our strategic ambitions of reuniting all our Montreal employees under one roof and of securing the longer-term growth and sustainability of our operations in Montreal." - Martin Leblanc, co-founder and vice chair of the board of directors, CellCarta.
"As Mayor of the Plateau-Mont-Royal Borough and as the Executive Committee member responsible for economic development, knowledge and innovation, I am delighted to see this new life sciences innovation cluster being established in the heart of an area that has remained mostly unoccupied since the Montreal Chest Institute moved in 2015. The imminent arrival of Inspire bio innovations on this prime site is a testament to the fact that the downtown area continues to attract world-class projects, thanks to its proximity to world-class universities and teaching hospitals. These new laboratories will contribute to the emergence of a synergy between medicine, research and artificial intelligence, positioning Montreal among the most dynamic and promising international life sciences centres. This project and the many jobs it will create will also help revitalize this important employment hub and attract talent from all over to a highquality environment"- Luc Rabouin, mayor of the Plateau-Mont-Royal borough, member of the executive committee of the City of Montreal and member responsible for economic and commercial development, knowledge, innovation and design.
About Jadco Group
Founded in 1987, Jadco Group designs, develops and builds signature residential and industrial projects, particularly those geared to the life sciences ecosystem. Recognized for the high quality of its projects that meet the most important ESG standards, Jadco Group, in collaboration with its institutional partners, has accumulated over $1.2 billion in investments in Quebec. The company acts as a property manager and prides itself on being a landlord of choice. For more information, see http://www.jadcocorporation.com.
About CellCartaCellCarta is a leading provider of specialized precision medicine laboratory services to the biopharmaceutical industry. Leveraging its integrated analytical platforms in immunology, histopathology, proteomics and genomics, as well as related ML/AI data analytics andsample logistics services, CellCarta supports the entire drug development cycle, from discovery to late-stage clinical trials. The company operates globally with 11 facilities located in Canada, USA, Belgium, Australia, and China, with more than 1,050 employees, a third of which are located at its laboratories and corporate headquarters in Montreal.www.cellcarta.com
SOURCE Jadco Group
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/R E P E A T -- REDEVELOPMENT OF THE FORMER MONTREAL CHEST INSTITUTE SITE:/ - Yahoo Finance
New York, May 04, 2023 (GLOBE NEWSWIRE) -- The report published by Reports Insights reveals that theoxo alcoholmarket was worth USD 18.38 Billion in 2022and is projected to reach USD 28.27 Billion by 2030, with a CAGR of 4.9%. Oxo alcohols are widely used in various end-use industries, including paints and coatings, adhesives, and chemical intermediates. The rising construction activities and increasing automotive production are also contributing to the market growth.
Global Oxo Alcohol Market Size, Share & Trends Analysis, By IP Type By Type (Iso-Butanol, 2-Ethyl-Hexanol, n- Butanol, Octyl Alcohol F, and Others), Application (Plasticizers, Solvents, Acrylates, Acetates, Fuel Additives, Lubes, and Others), End-Use Industry (Paints and Varnishes, Plastic Industry, Automotive, and Others), and By Region, Forecast Period 2023 2030.
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Oxo alcohol is a type of chemical that is produced through the oxo process, oxo process is a chemical reaction between an olefin (a type of hydrocarbon), carbon monoxide (CO), and hydrogen (H2) in the presence of a catalyst. The result of the reaction is an alcohol with a specific molecular structure that is modified to produce various types of alcohol and other derivatives. Oxo alcohol chemical is a compound of n-butanol, isobutyraledehyde and iso-Butanol. It is used in a wide range of applications as a adhesives, solvent, and paint & coating in numerous end-use industries. Furthermore, oxo alcohols are deployed as a solvent for numerous applications such as extractants in the production of drugs, printing inks, and as a solubilizer in the textile industry.
Additionally, the growing construction industry contributed to the growth of the oxo alcohols market. Oxo alcohols are utilized in the production of paints and coatings owing to their various high-performance characteristics such as good adhesion, flexibility, and lower emissions. For instance, according to Statista, in 2021, the global paint and coatings industry accounted for approximately USD 160 billion and is projected to reach around USD 235 billion by 2029. Therefore, the rising demand for paints and coatings in commercial and residential buildings, transportation, and other infrastructure has boosted the construction industry, in turn, surging the growth of the oxo alcohols market. However, the volatility in the prices of raw materials such as propylene and n-butene is likely to hinder market growth.
Furthermore, the increasing concern regarding sustainability is surging the demand for green chemicals. Various manufacturers are focusing in the production of environment-friendly chemicals. For instance, Perstorp Group is evolving the oxo-market by introducing a portfolio that includes oxo aldehydes and alcohols made from renewable materials including biogas. Therefore, the development of bio-based oxo alcohols from renewable feedstock waste biomass and vegetable oils is expected to offer significant opportunity to the oxo alcohol market.
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Key Market Highlights
Global Oxo Alcohol MarketSegmentationDetails:
Based on Type,the octyl alcohol segment F is projected to offer a substantial share to the oxo alcohols market over the forecast period. Octyl alcohol F finds wide range of applications in various end-use industries such as the textile industry and automotive. These oxo alcohols are also used as raw materials for production inhibitors to improve the process of solid fuel combustion. For instance, Grupa Azoty, offers octyl alcohol F that is used as auxiliary agent and release agent in the textile industry. Therefore, the rising textile industry is expected to contribute to the growth of the segment.
Based on Application,the acrylates segment is anticipated to register the fastest-growing CAGR over the forecast period. Acrylates are used as a solvent for various applications such as automotive coating architectural coating and leather finishes owing to their excellent absorbency, flexibility, and toughness. For instance, according to a report published by Statista, the global architectural coating market is projected to account for around USD 109 billion by 2030. Hence, the growing demand of acrylates from different coating industries is expected to surge the growth of the oxo alcohols market.
Based on End Use Industry,the plastic industry accounted for the largest market share of the oxo alcohol market. In the plastic industry oxo alcohols are extensively used for the production plasticizer to enhance the quality of plastics and make them more durable and flexible. These plastics are then deployed in numerous end use industries such as automotive, construction, and packaging. As a result, the increasing consumption of plastics by various end-use industries is driving the oxo alcohols market growth.
Based on Region, Asia Pacific held the highest market share of the oxo alcohols market in 2022. The growing construction industry owing to rapid industrialization is boosting the oxo alcohols market. For instance, according to Invest India, the construction industry in India is projected to reach USD 1.4 trillion by 2025. Therefore, the abovementioned factors are expected to derive the growth of the oxo alcohols market.
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Recent Developments
List of Major Global Oxo Alcohol Market Players
The market research report examines various market factors to determine the key drivers, limitations, and opportunities affecting market players. The report includes a SWOT analysis, regional analysis, and segment analysis to give a complete view of the market situation. This evaluation helps to identify possible growth opportunities through the implementation of technology, product utilization, business strategies, and the launch of new products. The following are major market players operating in the market environment
Global Oxo Alcohol Market Segmentation:
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Baltimore, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Our homes and workspaces are extensions of ourselves, and should therefore work well for us both aesthetically and functionally. However, all too often these buildings dont serve us well and dont look like our ideal spaces. Eastwing Architects exists to change that.
Eastwing Architectsis a leading architectural company offering custom designs for residential and commercial spaces. The expert team there can handle everything from dreaming up fantastic additions and renovations for existing spaces to designing brand-new construction projects.
Eastwing Architects believes that client collaboration is key when it comes to creating designs that are beautiful, practical, and unique. This client-focused approach to design means that the Eastwing team actually understands every clients individual needs, vision and budget, ensuring that they build meaningful, productive relationships and leave clients satisfied.
When you work with Eastwing Architects, you will end up with a dream space that has been carefully crafted to express your personality, highlight your values, and enhance your daily life. You can view a variety of residential and commercial projects that were designed by the company on itswebsite.
Creating inspiring new spaces and breathing new life into existing buildings
No matter whether you need to construct a new building from scratch or make architectural alterations to an existing space, Eastwing Architects has the design skills and knowledge you need.
The Eastwing team love working on additions or renovations to existing buildings, because it is a more sustainable approach to architecture, and more cost-effective for the client. It also presents an exciting challenge for the architects, as they have to analyze existing structures and systems and utilize their creativity in order to transform the space and realize its full potential.
Eastwing Architects also relish the chance to construct a building from scratch. Though this is a less sustainable architectural option, the freedom to create a carefully designed space that is truly tailor-made for the client is exhilarating. It is a chance to create a fresh space that truly compliments a clients style, personality, and values.
Innovative residential and commercial architecture
Because Eastwing Architects is highly experienced in both residential and commercial design, the team there can efficiently cater to a wide variety of architectural needs.
For residential projects, the firm aims to make clients feel truly at home in a space that truly reflects their personalities and style. Making good use of their considerable skill and expertise, the Eastwing team will working closely with the client at every stage of the project in order to create something truly special. From renovations and additions to crafting new constructions, youre in safe hands with Eastwing Architects.
In its commercial work, Eastwing Architects strives to create spaces that are unique and welcoming. After a consultation to understand the clients vision and goals, the team will work tirelessly on design work, interiors, construction, and even branding. The end goal is to maximize the impact of every dollar invested and create a space to be proud of a space that encourages business to grow.
If youre in need of a reliableresidential architect in Baltimore, MDorcommercial architect in Baltimore, MD, get in touch with Eastwing Architects today.
More information
Eastwing Architects is a firm offering client-focused residential and commercial architectural design services. Based in Baltimore, Maryland, the company works hard to provide high-quality additions, renovations, and new constructions to its clients. You can find out more by visiting the website ateastwingarchitects.com.
Source:https://thenewsfront.com/eastwing-architects-are-helping-residential-and-commercial-clients-to-create-their-dream-spaces/
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Eastwing Architects Are Helping Residential and Commercial Clients to Create their Dream Spaces - GlobeNewswire
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Once-in-a-generation advances in commercial technology will fundamentally strengthen the U.S. economic and security posture in space
Policy makers are right to expect the national security establishment to find ways to fully leverage the innovations and investment in commercial space capabilities like launch and imagery.
But far less obvious and yet more profound is a very real revolution that is well underway: the wholesale overhaul of our national security space architecture into a hybrid design that effectively integrates the best of commercial and government investments.
This transformation of our national security space architecture is prompted not only by the amazing and innovative developments in the commercial space sector, but also by the realization that our adversaries are determined to displace the United States leadership in space and target our currently vulnerable space based capabilities if conflict arises on Earth.
These twin motivations are driving a once-in-a-generation series of changes that will fundamentally strengthen the U.S. economic and security posture in space.
Those leading the redesign of our national security space architecture in both the intelligence community and the Department of Defense are quietly but effectively utilizing three distinct approaches to capture the best of commercial space capabilities and adapt them to our national security needs.
The first approach is to augment government developed capabilities with commercial products and services. Recently, the National Reconnaissance Office awarded the largest contracts for commercial imagery in its history. When combined with exquisite imagery provided by government developed sources, this approach will dramatically increase intelligence capacity and provide the U.S. the ability to share with the world what we see from space without disclosing intelligence sources and methods.
Another far less visible approach being employed is to take advantage of the innovation and venture investment in commercial space technologies while adapting them to national security needs. The next generation of intelligence satellites now being developed will use flight proven hardware bought from commercial spacecraft manufacturers and adapt it with government payloads in order to lower cost and speed deployment.
This is not merely a plan. The first of these hybrid satellites are already being tested in space, having gone from idea to orbit in less than three years, a fraction of the traditional timeframe to develop and launch a new capability.
By radically lowering the cost of these hybrid satellites, we can afford many more of them which not only improves the technical performance of the constellation but also dramatically increases architectural resilience. Proliferation of many more hybrid surveillance satellites makes it harder for adversaries to track, target and disrupt or destroy our spacecraft in the event of conflict.
The final hybrid approach being utilized is the incorporation of commercially derived business models by traditional defense firms. The proliferation of commercial space providers has created a highly technical aerospace workforce that operates more like a Silicon Valley startup than a large defense contractor.
In order to fully capitalize on this, we are seeing large defense firms partner with or acquire space startups and allow their commercial best practices to flourish in order to rapidly experiment and develop capabilities, while the established defense firm provides the government with a proven ability to perform classified integration and delivery.
Combining the reliability and the assurance of the cleared defense industrial base with the speed and innovation of our space entrepreneurs is another hybridization approach already showing positive results.
As good as they are, current commercial space capabilities are not a replacement for government developed national security capabilities, nor should the U.S. be content to rely exclusively on commercial solutions for national security. Doing so may save money, but effectively reduces our technical capabilities to what anyone (including our adversaries) can acquire in the marketplace.
However, by quietly and creatively blending the best practices from both commercial and defense sectors in order to produce hybrid space capabilities, we can increase our economic as well as national security.
John Paul (JP) Parker served as U.S. intelligence community space executive from 2018 to 2022, and previously served as a special advisor for space, cyber and intelligence to the Vice President of the United States.
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Op-ed | Why a hybrid space architecture makes sense for economic and national security - SpaceNews
Jamison Properties Jaime Lee and rendering of 3000 Wilshire Boulevard, Koreatown (Jamison Services, USC Lusk, Getty)
Jamison Services is tearing it up in Koreatown.
The Los Angeles neighborhoods most prolific developer has demolished a commercial building near Lafayette Park to build a seven-story apartment building at 3000 Wilshire Boulevard, Urbanize Los Angeles reported.
Plans call for a 188-unit building with 867 square feet for a ground-floor shop or restaurant on the now-vacant lot. An underground parking garage would serve 117 cars on two levels.
Requested approvals include Transit Oriented Communities affordable housing incentives, which allow greater density and reduced parking in exchange for 17 affordable new apartments for extremely low-income households.
The gray-and-white building, designed by DG Architectural Consulting and Gaudet Design Group, would include a rooftop patio deck and inner courtyard.
The upper building facade has been designed to evoke the boulevards classic and elegant residential towers by utilizing vertical window clusters alternating with dark metal and light stucco panels, reads a design narrative included with the projects entitlement package.
The base of the building would include a grand residential entrance portico faced with Calacatta tile, with a warm tile accent at the base of the retail store.
The project is the third Jamison development on Wilshire, between Hoover Street and Wilshire Place, after the 25-story, 644-unit Kurve on Wilshire tower and a 262-unit building proposed at 3020 Wilshire Boulevard
Jamison Services is a unit of Jamison Properties, Koreatowns largest commercial landlord.
Jamison Services just filed plans to convert the 13-story Pierce National Life Building, an office fixture in Koreatown for a half century at 3807-3815 Wilshire Boulevard, into 176 apartments.
It owns other office and residential buildings near Wilshire/Western Station, including the Art Deco Wilshire Professional Building. It just broke ground on a 230-unit apartment building next door.
In June, Jamison Properties won preliminary approval to build a 127-unit, mixed-use tower at 626 Kingsley Drive in Koreatown.
Dana Bartholomew
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Jamison to raze building for 188 apartments in Koreatown - The Real Deal
Roofing can be a tricky business. Besides the payment setbacks faced by many contractors, the roofing field has its own set of challenges, and some roofers have been under scrutiny during a continually developing property insurance crisis in the Southeast.
However, that hasnt stopped Americas top roofing contractors from thriving as we are well into 2022, with ENRs most recent list of the largest contractors in the U.S. showing that revenues for these companies easily topped $2 billion in the past year. Lets take a look at the top 10 roofing contractors in the U.S. by total revenue.
Total revenue: $700.8 million
Previous years rank: 1
Centimark Corp. is a Pittsburgh, Pennsylvania-based roofer. Outside its basis, it has over 95 offices throughout North America.
The company offers services in reroofing, new construction, protection measures, repairs, and cleaning alongside various other options in commercial asset management.
Alongside offering options for TPO & PVC, EPDM, SPF, metal, and Mod-Bit & BUR roofs, Centimark also provides consultancy for green roofing options such as solar panels or garden roofs.
Centimark also has a respectable recent history when it comes to payment. Its Levelset payment score is a B, with the company earning 83 out of a possible 100 points.
The company also has a history of being at the top of the roofing industry. Besides ranking as the top roofing contractor on ENRs most recent Top 600 Specialty Contractors list, the company has come in at the top spot of these rankings since 2017.
Total revenue: $564.5 million
Previous years rank: 2
Flynn Group is a Winnipeg, Canada-based roofing company that offers not only commercial roofing contracting, but also a range of architectural products and roofing services, including metal paneling, contract glazing and curtain wall. The company does work across North America, employing over 6,000 people.
Flynn offers work in roofing, glazing, and architectural paneling, advertising expertise in government buildings, schools, churches, hospitals, offices, hotels, sports and recreation centers, retail buildings, data centers, and industrial structures.
Total revenue: $254.9 million
Previous years rank: 3
Baker Roofing Company is a roofer based in Wilmington, North Carolina that was founded in 1915. Outside of its basis, the company has locations across the Southeast, with additional offices in Alabama, Georgia, Florida, South Carolina, Tennessee, and Virginia.
The company offers commercial roofing services in roof maintenance, roof repair, reroofing, and new construction, and has a history of working with major companies in the U.S., such as Wal-Mart and Target Corp.
Baker Roofing has an impressive payment history, with the company earning an A payment score from Levelset, with 95 out of a possible 100 points allocated.
Of course, like any big company, Baker has run into its fair share of payment issues, though mainly serving on the side trying to recover payment. Levelset notes eight liens filed involving Baker Roofing during 2020 and 2021, with the company serving as the claimant in seven of them.
Total revenue: $237.5 million
Previous years rank: 4
Nations Roof is a contractor based in Mobile, Alabama that has a strong geographical reach, with 33 additional locations across the United States.
According to the company, its operations have significantly expanded recently, as it claims to have grown over 60% during the past four years.
The company stays busy, too and seems to be especially effective with payment even when doing so. Nations Roof claims to often have projects going on simultaneously in all 50 U.S. states, and Levelset project information connects the contractor to at least 2,664 jobs in the past year.
Additionally, the Nations Roof has an A payment score from Levelset, with the company earning a 93 out of 100.
Recent major roofing projects for Nations Roof include:
Total revenue: $137.8 million
Previous years rank: 5
Kalkreuth Roofing and Sheet Metal is a contractor with locations in Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia.
The company has a wide reach, working in historic restoration, entertainment, retail, government, healthcare, education, and transportation industries.
The company has also earned additional recognition for its speciality work: Other than its ENR ranking of fifth among roofers, Metal Construction News also ranked Kalkreuth as the seventh-best metal roofing contractor in the US.
Its done a fine job with payment along the way, too the company has a B payment score from Levelset, scoring an 81 out of 100.
Kalkreuth has made a significant impact with its work, as well, working on a number of high-profile projects:
Total revenue: $79 million
Previous years rank: 7
With a presence in Detroit, Michigan and Hamilton, Ontario, Canada, Schreiber Corp. is a roofing company founded in 1916.
The company notes that its location matters significantly, saying that the majority of its work comes from Detroit-area organizations: 80% of our business is with repeat customers such as Ford Motor Company, General Motors Corporation, the U.S. Dept. of Energy, Dupont and FCA (Fiat-Chrysler).
Some of the companys most significant recent projects include:
Total revenue: $72.5 million
Previous years rank: 9
Advertising themselves as the largest roofer in Florida, the Pompano Beach-based Latite Roofing has been active for over 75 years. Outside of its headquarters, the company has offices in the Fort Myers-Naples, Tampa-St. Petersburg, and Palm Beach-Treasure Coast areas.
The company has an average payment history, with a current C payment score, earning a 75 out of 100.
With services offered for both residential and commercial projects, Latite Roofing has a portfolio that includes a number of large undertakings:
Total revenue: $66.2 million
Previous years rank: 10
Alpharetta, Georgia-headquartered Roof Depot Inc. is a roofing contractor that focuses on the Southeast United States, with experience in commercial, multi-family, and industrial building projects. Outside its Georgia location, the company additionally has presences in North Carolina, Texas, and Florida.
Roof Depot offers a wide range of services, saying that they have the capability to handle a diverse variety of projects, including single-family residences or multi-building/ multi-type projects with flat, low slope, steep slope, tile, or slate systems.
Its portfolio is heavily focused on hospitality and residential projects, with experience working for companies such as Hilton Brands, Marriott, and Chick-fil-a alongside private residences.
The company has done a fair job of staying on top of its payment responsibilities, as well, earning a B payment score from Levelset with an 81 out of 100.
Total revenue: $53.1 million
Previous years rank: 11
Bulldog Group is a group of independently-operated companies with a common ownership, which includes multiple roofing affiliates. The group operates in the Southeast US, with licenses to operate in 10 states.
The group includes Allied Roofing Company, Applied Roofing Solutions, Reliance Roofing & Waterproofing, CityScape Roofing, Triad Roofing, Coastal Commercial Roofing Company, and Triangle Roofing Services. Those which have a Levelset payment score CityScape, Coastal Commercial, and Triangle all have an average history for payment speed, each earning C payment scores with scores of 75 out of 100.
Bulldog Groups roofing affiliates have taken on some large projects in recent years, as well:
Total revenue: $51.5 million
Previous years rank: 12
The Denver, Colorado-based Douglass Colony Group is a roofing contractor that has three locations in the state, specializing in the Rocky Mountain Region.
The company provides a large range of services, employing over 400 people in sectors offering commercial roofing, solar installation, waterproofing, and metals and FRAMECAD specialization.
Douglass has taken on roofing work for some of the most significant and noticeable projects in the Denver area:
Douglass Google presence is mixed, with a 3.1 star rating from 35 reviews of the company.
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The 10 Biggest Roofing Companies in the U.S. in 2022 - Levelset
GREATER GRAND CROSSING A team of investors has joined forces to bring luxury, energy-efficient container homes to the South Side and neighbors could move in as soon as this winter.
Vincennes Village, a collection of 12 40-foot-long modern, eco-friendly container homes, will be built at 7231 S. Vincennes Ave.
The project is the brainchild of project manager Darryl Burton, owner of Global Financial Services, and developer Anthony Casboni, former owner of the demolished Vincennes Discount Center and a retired firefighter.Onyx Architectural Services, a minority-owned firm, is the lead developer.
The homes built from 8-foot-wide train shipping containers will have ceilings nearly 10 feet high. They will have 1,200-1,800 square feet of space, two stories and three to four bedrooms. The homes will include full appliances, including an indoor washer and dryer, as well as a balcony, a covered patio and car garages.
Each home will also be energy efficient, with motion-activated lights and faucets and state of the art material anyone might find in a traditional wooden house, Burton said. Pricing for the homes will start at $300,000, developers said.
Construction on the container homes will begin in the next few months once the final blueprints are stamped by the Department of Buildings, Burton said.
Vincennes Village will welcome its first families by Christmas, Burton said.
We decided to develop a practical and innovative approach to constructing new homes, Burton said. Everything about the house will be upscale. Were bringing suburban living to a city block.
Vincennes Village was born out of a chance encounter between Burton and Casboni.
Alongside his late brothers, Casboni was the owner of Vincennes Discount Center, a family-owned business that spent more than 60 years in Greater Grand Crossing, Casboni said.
To the north and south of the business were apartment buildings that became dilapidated, Casboni said. When the city demolished the buildings, Casboni and his brothers bought the lots from the city in the early 90s, he said.
As the years went by, the Casbonis decided to semi-retire from their business and tore down Vincennes Discount Center around 2001, Casboni said.
Left with a large patch of land from the store and about 20 vacant lots from the apartment buildings, the Casbonis decided to build eight homes where the store once operated, Casboni said.
When the housing market collapsed in 2008, the brothers took a breather from building the homes, Casboni said.
But as the years trickled on, they struggled to find the right developer to assist in bringing homes to the community, Casboni said.
In April 2021, Casboni met Burton, a mover and a shaker with a creative idea to transform his vacant land, Casboni said.
It interested me because the process seemed fast and innovative, Casboni said. You can build the homes quickly, and theyre secure. Theyre durable, and they have an appealing, modern look.
Casboni and Burton have never built container homes, but theyve traveled throughout the states to look at container home communities, Burton said. What they saw solidified their decision, Casboni said.
Container homes enhance communities, Burton said. Thats what were in the process of doing. The community can be elevated.
Burton said Vincennes Village is an innovative approach to solving two nationwide problems: excess train containers and a housing shortage.
Empty train containers are permeating our planet, Burton said. And there is a delinquency in homeownership, particularly in the wards not normally served by the city, he said.
Their train container homes will repurpose a product that has been dormant and transform it into something a lot more tangible, Burton said.
Container homes can also be rehabbed and sold in half the time and half the costs as a traditional wooden house, Burton said.
Once their permits are approved, all theyll have to do is connect the containers and design the inside, Burton said. The homes will be ready in three to four months, he said.
When you compare a traditional home to a container home, youll come back to the container home, Burton said. The amenities are the same, but it requires less money, maintenance and upkeep. Homeownership becomes practical for everyone involved.
Vincennes Village will appeal to working families living in the community who want to enhance their way of living, developers said.
The homes will be minutes away from the Dan Ryan Expressway, a shopping center and the 75th Street Boardwalk.
And if the $300,000 starting price looks steep, a person paying $1,500 in rent in the neighborhood can afford the house, Burton said.
Vincennes Village will start with 12 homes, but Burton and Casboni hope to add eight more down the line, they said. Commercial development isnt off the table, they said.
The South Side has numerous vacant lots. Our goal is to permeate the communities with an innovative approach to living, Burton said. The idea is taking off. We see this as the future of Chicago.
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$300,000 Luxury Container Homes Are Coming To The South Side This Winter - Block Club Chicago
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