Nabr has offered the first clues of what their homes of the future may look like. The “people-first housing company” was co-founded by Bjarke Ingels with the ambition of “putting more people on a path to owning a high-quality, environmentally friendly home in the city.”
Nabr’s first building is set to be launched at 415 South 3rd Street, San Jose, California in 2023. Designed in collaboration with Bjarke Ingels Group, and named SoFA One, the project will consist of more than 100 homes personalized by each owner. Prices are expected to start in the high $700Ks, with interested parties able to join a waitlist for the homes from 2022.
The waitlist for Nabr Homes will be open to everyone, with applicants able to fill out specific details on the units they are seeking. When the service matches the applicant’s preferences to an available unit in their area, the applicant will be invited to Nabr’s Design Studio to select and customize the home, including layout and interior design.
Applicants will then be given the option of buying their unit through traditional means, such as in cash or via a traditional mortgage lender, or opt for Nabr’s Lease First avenue.
Lease First allows applicants to lock in their purchase price, select a maximum-five-year period to pay the down payment, and sign an initial two-year lease. Throughout the lease, applicants pay a monthly rent, part of which is set aside as “credits” towards the home’s purchase. At the end of the lease period, applicants may then use their accumulated credits towards the final purchase of the home at the locked purchase price, or move out at the end of the initial lease term.
Having chosen their preferred payment option, applicants can reserve their Nabr Home by paying a $1,000 refundable fee. Once approved, the home is officially pre-ordered following payment of a non-refundable deposit, which the company claims can be as low as 1% of the home’s purchase price. Following the signing of a binding contract, Nabr will begin construction of the home, which it estimates will take twelve months.
In addition to SoFA One, Nabr states they are planning to open more buildings in the city, each with unique designs and price points. The company also envisions future expansion beyond California depending on market demands.
News of the development at Nabr comes weeks after Bjarke Ingels’ plans for a floating city were adopted by UN-Habitat for construction in the South Korean city of Busan. Meanwhile, BIG’s CopenHill waste-to-energy ski slope was recently named World Building of the Year 2021 at the World Architecture Festival.
6 Comments
Won't... you be... my Nabr?
yikes, he finally got where he wanted to be, catering to the upper echelon - this is how you make money, self market as a visionary to end up selling sausages to the overweight.
Isn't it just a way to move profits over to another one of your companies and pay yourself a handsome salary as its director to avoid paying taxes? Thinking outside the box here...
The Elon Musk of Architecture strikes (gold) again...
Musk is a visionary; this guy's a huckster
Both are bonafide frauds. Elon is the gold standard of grifting
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