When a 26 story modular hotel was designed and built by Poland’s Skystone Modular, one of the things that weren’t counted into the equation is the modules being stuck on a Brooklyn, NY harbor dock.
100 modules have been sitting on the dock for months. The modules were shipped last year at the height of the COVID-19 pandemic and were not allowed to be set on the foundation that had been installed. The contractors have since filed liens against the property over unpaid invoices.
Now the developers are trying to raise an additional $80 million to get the project back on track. There haven’t been many investors knocking at their door, especially since the Katerra situation and continually rising construction costs.
Gary Fleisher is the Managing Director and contributor to the Modcoach Network and its affiliated blogs.
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