Mass timber project in Cleveland could be nation’s tallest

The Intro development will have 298 units and be built with mostly wood

New York Weekend Edition /
May.May 30, 2020 09:00 AM
A mass timber project in Cleveland is now under construction and could be the nation’s tallest when completed. Harbor Bay Real Estate Advisors’ Intro development will rise nine stories with 298 residential units (Credit: Harbor Bay Real Estate Advisors)

A mass timber project in Cleveland is now under construction and could be the nation’s tallest when completed. Harbor Bay Real Estate Advisors’ Intro development will rise nine stories with 298 residential units (Credit: Harbor Bay Real Estate Advisors)

What will be the country’s tallest wood building is headed skyward in Cleveland.

Harbor Bay Real Estate Advisors is building the 298-unit, nine-story building dubbed Intro with mass timber throughout much of it, including load-bearing sections. The firm closed $144 million in financing in March and construction has now started, according to the Wall Street Journal.

Intro is one of a handful of mid- and high-rise mass timber projects proposed or under construction in the U.S. An affordable housing developer in Los Angeles is planning a 14-story mass-timber project in Downtown L.A.

Katerra is also utilizing mass timber materials, although it has had some trouble with warping of wood that it had shipped from one climate to another.

Building with mass timber is considered more environmentally friendly than using steel and concrete, which is standard in the vast majority of large structures in the country. The manufacturing process for steel and concrete has a carbon footprint about twice that of the process for preparing wood for construction.

There’s some concern that deforestation could be accelerated if mass-timber construction grows in popularity, though. Supporters say timber construction sequesters carbon in the buildings rather than releasing it into the atmosphere. An 85-foot-tall timber building in Portland, Oregon, claims to be as strong as a concrete building but one-fourth the weight. A planned 11-story, $29 million wood building in the same city was granted building permits but ran into financial problems in 2018 and was never built.

Because mass timber is not widely used, it can be hard for developers to get their hands on it. The wood beams and floors for Intro are being manufactured in Austria and shipped to Cleveland by boat, according to the Journal.

The Alphabet-owned development company Sidewalk Labs released plans for a mass-timber high-rise for Toronto earlier this year, but the fate of that program is uncertain now that the firm has scrapped a large development planned in the Canadian city. [WSJ] — Dennis Lynch


Related Articles

arrow_forward_ios
Adam Leitman Bailey, Y. David Scharf, and Miki Naftali with 215 West 84th Street (Adam Leitman Bailey, Morrison Cohen, Getty)
Naftali lays out project as holdout tenant plays new card
Naftali lays out project as holdout tenant plays new card
Taconic Partners' Matthew Weir and Hudson Research Center 61 at 9 West 54th Street (iStock, Taconic Partners, Hudson Research Center)
RPI signs at Taconic and Silverstein’s life sciences hub
RPI signs at Taconic and Silverstein’s life sciences hub
Harry and Linda Macklowe (Getty Images, Andy Warhol Foundation for the Visual Arts, Inc./Artists Rights Society (ARS), NY, Sotheby's, iStock)
Macklowe art collection fetches nearly $1B at auction
Macklowe art collection fetches nearly $1B at auction
Buildots' Aviv Leibovici, Roy Danon and Yakir Sudry (Buildots)
Construction-tech firm Buildots raises $60M in Series C round
Construction-tech firm Buildots raises $60M in Series C round
660 Fifth Avenue in Manhattan and Macquarie Group's Shemara Wikramanayake (Brookfield Properties, iStock, Macquarie Group, Illustration by Kevin Cifuentes for The Real Deal)
Brookfield signs first tenant at 660 Fifth Avenue
Brookfield signs first tenant at 660 Fifth Avenue
Major Food Group managing partner Jeff Zalaznick in front of 37 Hudson Yards (Major Food Group, Google Maps)
Major Food Group bringing members club to Hudson Yards
Major Food Group bringing members club to Hudson Yards
A photo illustration of self-storage units (iStock)
Self storage still rising after pandemic surge
Self storage still rising after pandemic surge
Prologis' Heather Belfor (Zoom Info, iStock) Logistics, Warehouses
Logistics inventory dips to historic low: Prologis
Logistics inventory dips to historic low: Prologis
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...