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An executive told employees on a video call that the firm didn’t have enough money to pay severance packages or unused paid time off, a person who attended the meeting said. The executive said the effects of Covid-19, as well as rising costs of labor and construction materials, contributed to its latest cash crunch. — The Information
Katerra, a closely watched startup founded 6 years ago, had a vision to reinvent the massive construction industry. After a few years of challenges and bailouts from investors, they've announced this week that they will shut down. The CEO of SoftBank, Masayoshi Son, indicated that Katerra... View full entry
Since our initial coverage of the Silicon Valley-based construction start-up, Katerra has experienced several ups and downs over the past few years. While the company has grown significantly since it was founded in 2015, financial issues continued to rise. Katerra's CEO Pall... View full entry
A growing number of entrepreneurs are leading the way, challenging our antiquated housing system and creating new ways for housing to be more equitable and affordable across the board.
However, they need support navigating the complex policy environment and accessing the necessary capital. The Housing Lab will advise promising ventures while they evolve their business models and connect them with the industry leaders and capital to achieve greater scale.
— The Terner Center for Housing Innovation
In California, the collapse of proposed statewide legislation that would have eliminated single-family zoning and could have boosted density along transit corridors has left housing activists scrambling. While state legislators regroup to tackle the structural issues, like zoning, underpinning... View full entry
In just four years, the Silicon Valley start-up Katerra has grown from a sizable construction firm to one of the industry's biggest disrupters. Now, with support from one of the tech industry's biggest investors, the California-based construction company has announced plans for another investment... View full entry
Last Wednesday, on the eve of the AIA National Convention, I had the pleasure of talking with Miguel McKelvey, co-founder of WeWork. The conversation was held in Midtown Manhattan, in the Project 6 by AF showroom to an invited crowd of 75 architects. The event was co-hosted by Project 6 by... View full entry
A Menlo Park company called Katerra announced that it had acquired Michael Green Architecture, a 25-person architecture firm in Vancouver, British Columbia. On June 12, the company revealed that it had bought another, larger architecture firm, Atlanta-based Lord Aeck Sargent. This comes five months after Katerra raised $865 million in venture capital from funders led by SoftBank’s Vision Fund, which has also invested heavily in the co-working startup WeWork. — City Lab
Startup Katerra looks to revolutionize the construction industry through streamlining the entire process with their design-build model. The company has acquired Michael Green Architecture, known for designing tall wood buildings, and Lord Aeck Sargent. With these two firms... View full entry
With more options that ever for getting around cities, and finite space, the question of how we use this infrastructure, and who controls it, is more important than ever. By regulating how these new transportation options evolve, cities can potentially bring about a more sustainable, multimodal, and less car-centric transit future. — curbed.com
Our city curbs are transportation battles for space in the flow of traffic. While private tech startups are producing popular transportation solutions, such as Bird's electric scooters, the city is the one paying to build and maintain these public spaces. An upswing in dockless vehicles has far... View full entry
A Crunchbase News analysis of residential-focused real estate startups uncovered a raft of companies with a shared and temporary housing focus that have raised funding in the past year or so.
This isn’t a U.S.-specific phenomenon. Funded shared and short-term housing startups are cropping up across the globe, from China to Europe to Southeast Asia.
— TechCrunch
Crunchbase reporter Joanna Glasner takes a look at the new crop of shared and short-term housing startups that have recently raised millions of dollars in funding, such as Common, Starcity, Roomi, Ollie, HubHaus, and others. View full entry
Sergio Mannino Studio recently completed a pharmacy retail project in Brooklyn. The space is a flagship for Medly, a healthcare startup offering a more efficient and enjoyable way for the community to order prescription medicine via an app. Medly pharmacy designed by Sergio Mannino Studio... View full entry
UNSense, a new arch tech startup based in Amsterdam, is being launched by UNStudio. Operating as an independent sister company to UNStudio, the company will explore and develop new integrated tech solutions specifically designed for the built environment. UNSense explores new technologies... View full entry
Using lidar-equipped robots, Doxel scans construction sites every day to monitor how things are progressing, tracking what gets installed and whether it’s the right thing at the right time in the right place. You’d think that construction sites would be doing this by themselves anyway, but it turns out that they really don’t, and in a recent pilot study on a medical office building, Doxel says it managed to increase labor productivity on the project by a staggering 38 percent. — IEEE Spectrum
"You could send in some humans with lidar backpacks, but that would be more expensive," IEEE Spectrum explains. "The company is also using drones in a limited capacity right now, since they require human supervision, but it’s easy to imagine how much more efficient this process could get as... View full entry
strict zoning laws in the Bay Area make it almost impossible to significantly expand the housing stock there. [...]
As a result, the tech boom simply means that housing gets less and less affordable for anyone who doesn't work in tech or already own a home.
A lot of people are blaming the tech boom itself for the Bay Area's housing problems. But the technology boom is only a problem because the region's housing markets are functioning so poorly.
— vox.com
Related on Archinect:Man living in plywood "pod" in SF apartment told to knock it off by housing inspectorSilicon Valley is set to get over 10K more housing units – is this the beginning of the end of its housing crisis?Exceeding height restrictions to break a housing logjam in San... View full entry
Since summer 2015, [Alex] Rodrigues and his team [at Varden Labs] have been tinkering with autonomous golf carts on university campuses...On the one hand, campus transit agencies, and particularly university ones, are uniquely posed to experiment with pricier autonomous vehicles...But these shuttles will also need maintenance...Plus, driverless shuttles will be the diving bell for a tricky, tricky question: how important are bus drivers? — CityLab
More on Archinect:Google's self-driving car hits bus and causes its first crashThe Ehang passenger drone might be another way people will get around town somedayU.S. says computers qualify as drivers in Google's autonomous vehicles; won't even have to go to the DMVThe U.S. just got $4 billion to... View full entry
For a fledgling startup, finding an office in San Francisco can be a real nightmare. Rents are now climbing past $60 a square foot, second only to Manhattan in the US [...].
This means young startups have to get creative if they insist on staying within the city. And Westfield, one of the world’s largest mall operators, has a solution for them: Bespoke, a 37,000-square-foot coworking and event space within its shopping center in downtown San Francisco.
— qz.com
As New York City’s burgeoning tech economy continues to grow, startups face the same challenges for office space they would anywhere else—but have the added challenge of Manhattan-level price tags, vying for space with law firms, banks, and other well-financed tenants.
An absolute lack of space is not the issue, however. New York’s low 10 percent office vacancy rate may be second only to Washington, D.C.’s 9.6 percent, but an enormous amount of inventory is going up [...].
— urbanland.uli.org
Related: Working out of the Box interview with Miguel McKelvey, Co-Founder & Chief Creative Officer at WeWork. View full entry
