Investment firm Mastry Ventures and LENx, the venture arm of homebuilder Lennar, have co-invested in Vessel Technologies’ next-generation housing product. Vessel, a housing product development company, aims to cultivate a pathway to creating attainable housing across the country.
The company’s housing system is focused on “reimagining the apartment building as a consumer product by creating exciting, sustainable, and user-centric housing at attainable prices,” according to Vessel. This is done by prefabricating wall and ceiling components in Vessel’s own manufacturing facility—cutting costs and time compared to traditional construction methods.
Vessel Technologies’ All-Electric Prefab Building System
The Vessel system is 100% electric; solar panels affixed to the rooftop deliver all of the power required for occupants. With the company’s aim for sustainability, Vessel uses no paint and instead utilizes a proprietary recyclable wall panel system. According to Vessel, its facade system is also twice as energy efficient as built-to-code alternatives.
“Vessel represents a whole new category of housing, innovative in every way, to fill a tremendous void: the dearth of truly excellent, deeply desirable and economically accessible rental homes,” said Sam Landman, Co-Founder and Managing Partner of Mastry Ventures.
The investment in Vessel Technologies by Masty and Lennar will allow the product company to accelerate its efforts of providing high-quality buildings, from rental housing to hospitals and universities. Vessel touts its patented system’s seamless design, with operable pieces that smoothly fit together.
Based in New York City, Vessel currently has 12 projects under development throughout the Northeast—all of which are targeted to be net zero. The company’s building materials are sustainable, fire-resistant, and aim to pair well with proprietary smart tech software.
The software—utilizing the company’s own operating system, vOS—acts as a virtual “super” that monitors the building’s hardware, energy demands, and water usage. Additionally, the system includes hundreds of sensors and electro-mechanical devices to manage a unit’s temperature, air quality, security, lighting, and entertainment systems, according to Vessel.
Related Stories
Affordable Housing | Nov 16, 2023
Habitat receives approval for $400 million affordable housing redevelopment
Chicago-based Habitat, a leading U.S. multifamily developer and property manager, announced that its $400 million redevelopment of Marine Drive Apartments in Buffalo, N.Y., has received planned unit development (PUD) approval by the Buffalo Common Council.
Senior Living Design | Nov 7, 2023
Age-restricted affordable housing community opens in Rockville, Md.
Residences on the Lane boasts a total of 150 units, each designed to cater to various income levels for seniors aged 62 and up.
Condominiums | Nov 6, 2023
Douglas Elliman launches its first Metro D.C. condominium project
Douglas Elliman, one of the largest independent residential real estate brokerages in the United States, announced last week that the firm will be handling the sales and marketing for Ten501 at City Centre West.
MFPRO+ New Projects | Nov 3, 2023
Los Angeles affordable housing community has grand opening
Yesterday, the grand opening took place for Mariposa Lily, a new Art Deco-inspired affordable housing project in the Pico Union district of Los Angeles, Calif.
Mass Timber | Oct 27, 2023
Five winners selected for $2 million Mass Timber Competition
Five winners were selected to share a $2 million prize in the 2023 Mass Timber Competition: Building to Net-Zero Carbon. The competition was co-sponsored by the Softwood Lumber Board and USDA Forest Service (USDA) with the intent “to demonstrate mass timber’s applications in architectural design and highlight its significant role in reducing the carbon footprint of the built environment.”
Luxury Residential | Oct 18, 2023
One Chicago wins 2023 International Architecture Award
One Chicago, a two-tower luxury residential and mixed-use complex completed last year, has won the 2023 International Architecture Award. The project was led by JDL Development and designed in partnership between architecture firms Goettsch Partners and Hartshorne Plunkard Architecture.
Affordable Housing | Oct 10, 2023
Lendlease expands military housing nation-wide with Cadence Communities
Lendlease announced today it has closed ground leases at seven U.S. Army installations, which together establish the new Cadence Communities portfolio.
Mixed-Use | Oct 9, 2023
A coastal California city reawakens its downtown
The Prado West mixed-use redevelopment gives Dana Point a new look.
MFPRO+ News | Oct 6, 2023
Announcing MultifamilyPro+
BD+C has served the multifamily design and construction sector for more than 60 years, and now we're introducing a central hub within BDCnetwork.com for all things multifamily.
Biophilic Design | Oct 4, 2023
Transforming the entry experience with biophilic design
Vessel Architecture & Design's Cassandra Wallace, AIA, NCARB, explores how incorporating biophilic design elements and dynamic lighting can transform a seemingly cavernous entry space into a warm and inviting focal point.