Shipping container construction, courtesy SG Blocks
March 21, 2018
Shipping containers will bring affordable housing to the Bronx
A developer is getting creative in his latest affordable housing project in the Bronx. Gold Key Group, which typically develops market-rate housing, teamed up with SG Blocks, a shipping container company, to build 65 to 75 apartments above a retail store and a church. SG Blocks will use shipping containers due to the affordability and quick construction time--the method cuts the building timeline by 40 percent and is 10 to 20 percent less expensive than typical construction, according to Paul Galvin, CEO of SG Blocks. And as amNew York reports, Galvin "hopes this type of construction will become a solution to the housing crisis."
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