Rinaldi Group is preparing to start construction of the world’s largest modular hotel in Manhattan.
The hotel, the CitizenM, will be located at 189 Bowery and is expected to feature around 300 rooms, all assembled using sealed, fully-furnished, prefabricated units. The hotel will offer an exterior and interior rooftop bar and lounge called CloudM with sweeping 360 degree views of the Manhattan skyline. There will also be a fitness center, a double-height lobby, lounge and café at the property.
Modular construction is one of the fastest-growing real estate trends in the United States following its major success in Europe as well as Asia. Among the many advantages to modular construction are the saving of considerable cost and time which particularly in Manhattan, limits street closures, keeping them clear and safe for pedestrians.
Modular construction methods reduce a project’s completion time by as much as 50 percent, allowing companies, residents and guests to occupy the space far ahead of the typical building schedule.
“The modular building process can significantly reduce the cost of labor, materials and transportation plus, by its uniformity of design, it minimizes waste,” Rinaldi Group CEO Anthony Rinaldi said in a statement. “It’s also superior environmentally and lessens the amount of traffic congestion which is key in urban areas such as Manhattan.”
The modular construction industry is experiencing dramatic growth across the U.S. In recent years, the Permanent Modular Construction (PMC) rose from approximately $2 billion in annual sales to over $3 billion and currently drives roughly $6 billion of annual construction industry activity.