The Cleveland multifamily sector has proven to be resilient in the aftermath of COVID-19. Development activity remains high in the submarket, and units under construction represent over 70% of new supply market-wide. Of last year’s deliveries, 88% are located in downtown Cleveland. Standing out within this market, Whalen said, meant doubling down on design, and the team’s efforts are already paying dividends.
One major benefit, they note, is speed of construction. According to Harbor Bay, INTRO’s construction time has been about 25 percent quicker than typical concrete or steel construction.
“We found that timber goes up a lot faster than steel or concrete,” added Mitchell. “Being able to tell our clients that they can reduce their costs by reducing their construction time has become a really compelling story.”
“The savings and the benefit come from how streamlined the workflow is and how well you manage just-in-time delivery and alignment of the trades that follow, ” added Whalen. “That’s where you really see the benefit, efficiency and cost savings.”