At the end of 2020, I wrote about a cross-laminated timber apartment building that Joanne and Fred Wilson were building in Brooklyn at 383 Greene Street.
Well, that project is now complete and stabilized, and it turns out that it was the first CLT apartment building ever built in NYC, which is quite an accomplishment.
On her blog, Joanne describes the project as being a "labor of love", and that certainly sounds right. But they are now also onto their next CLT apartment building at 122 Waverly Avenue (called Frame 122).
This would suggest that whatever their development model is, it is working for them. My assumption is that they want to both make our cities more sustainable and own high-quality rental assets for the long-term (possibly forever).
If you'd like to see how 122 Waverly was assembled, here's a short video that Joanne recently posted on her blog:
https://youtu.be/h4uVl9d4iPg?si=bwl5Y7LeKNU99YO3
Collect this post as an NFT.
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