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 | Jan 16, 2024
Construction kicks off on $237.9 million affordable housing project in Brooklyn, N.Y.
Construction recently began on an affordable housing project to create 328 units for low-income and formerly homeless populations in Brooklyn, N.Y.
MFPRO+ News | Jan 4, 2024
Bjarke Ingels's curved residential high-rise will anchor a massive urban regeneration project in Greece
In Athens, Greece, Lamda Development has launched Little Athens, the newest residential neighborhood at the Ellinikon, a multiuse development billed as a smart city. Bjarke Ingels Group's 50-meter Park Rise building will serve as Little Athens’ centerpiece.
University Buildings | Dec 8, 2023
Yale University breaks ground on nation's largest Living Building student housing complex
A groundbreaking on Oct. 11 kicked off a project aiming to construct the largest Living Building Challenge-certified residence on a university campus. The Living Village, a 45,000 sf home for Yale University Divinity School graduate students, “will make an ecological statement about the need to build in harmony with the natural world while training students to become ‘apostles of the environment’,” according to Bruner/Cott, which is leading the design team that includes Höweler + Yoon Architecture and Andropogon Associates.
Mixed-Use | Nov 29, 2023
Mixed-use community benefits from city amenities and ‘micro units’
Salt Lake City, Utah, is home to a new mixed-use residential community that benefits from transit-oriented zoning and cleverly designed multifamily units.
MFPRO+ New Projects | Nov 21, 2023
An 'eco-obsessed' multifamily housing project takes advantage of downtown Austin’s small lots
In downtown Austin, Tex., architecture firm McKinney York says it built Capitol Quarters to be “eco-obsessed, not just eco-minded.” With airtight walls, better insulation, and super-efficient VRF (variable refrigerant flow) systems, Capitol Quarters uses 30% less energy than other living spaces in Austin, according to a statement from McKinney York.
Sustainability | Nov 20, 2023
8 strategies for multifamily passive house design projects
Stantec's Brett Lambert, Principal of Architecture and Passive House Certified Consultant, uses the Northland Newton Development project to guide designers with eight tips for designing multifamily passive house projects.
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.
