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Example of a New Trend in Real Estate

April 30, 2013

Three Squared Inc is developing a luxury multifamily residential property in Detroit using refurbished shipping containers in construction. This is the first such development in the United States and the hope is that this design can be easily replicated for future projects. Construction is slated to begin later this year. I chose this project because constructing residential properties using shipping containers is a very intriguing niche to me. It presents an excellent example of reusing materials in an unique and potentially profitable way. In addition, this project provides an opportunity for families to live in dwellings constructed with shipping containers for a lower price than they would pay for single family homes constructed with the same materials. It will be interesting to see if this new project results in a more widespread trend in U.S. real estate.

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