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New company aims to ‘redefine the construction paradigm’

DCN-JOC News Services
New company aims to ‘redefine the construction paradigm’

NEW YORK — iBUILT, a new design-build-operate company, has been launched and is aiming to transform construction and solve the developer’s pain points in the development process.

The company’s goal is to redefine the construction paradigm by using end-to-end technology and offsite manufacturing to eliminate inefficiencies at each stage of the building lifecycle, to build higher quality smart buildings in half the time and at significant cost savings, indicates a release, adding to achieve about 20 per cent lower construction cost and 50 per cent faster construction, iBUILT technology and controlled offsite manufacturing and integrates design, detailing, fabrication and onsite assembly.

According to the company, upcoming projects include a multi-family condo in Brooklyn leveraging smart building technology, a 100-unit affordable housing development in Baltimore and an 80,000-square-foot market residential building in New Haven, Conn. iBUILT is also designing a number of branded hotels in North and South America.

“The COVID-19 pandemic and current economic recession have only accelerated the industry disruption underway to develop more productive approaches to construction. Today, it’s more important than ever to find ways to build more efficiently, effectively and safely,” said Ayall Schanzer, chief strategy officer at iBUILT, in a statement. “With iBUILT, we are bringing together all the critical pieces to transform how buildings are built — a large-scale offsite factory, new proprietary technologies, and a C-Suite of innovative leaders across the design, construction, technology, development and automation industries.”

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