Mass Timber Market Updates - May 2021 - Week Twentythree

In the weekly update, Construction startup Katerra has told
employees it plans to shut down, people familiar with the matter
said, marking the collapse of the SoftBank-backed company that
had raised more than $2 billion to slash the cost of building
apartments. Katerra is expected to let go of thousands of
employees and is likely to walk away from dozens of construction
projects it had agreed to build. Michael Green said, I was
hopeful that Katerra could provide a path, though certainly not
perfect, to changes that would reduce the cost of buildings, make
buildings more environmentally responsible, improve the quality
of construction and speed the process of building to the
betterment of society. The world needs climate solutions that
come from major disruption as well as smaller scale adjustments
in how we live and how we build. The world also needs affordable,
accessible, safe buildings for humankind. In other news, Hines
begins construction of its Melbourne T3. 

Production by Deeelicious Beats 
Music "Game Play" by Quality Quest
Podcast is a Mass Timber Construction Journal
Production 
www.masstimberconstruction.com 


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