Modular Builders 'Applying Technology' to Housing Affordability Woes in Denver

This July in Denver's Berkeley neighborhood, work will start on a mixed-use, 24-unit project called The Kasita on Tennyson, one of several modular projects underway in the metro.

With a projected completion date of Winter 2018, builder Kasita's modular units will be priced under $400,000 apiece and will target first-time homebuyers and young professionals. In nearby Aurora, Colo., the first of three modular duplexes from developer Adam Berger are nearly completed, and will similarly be priced near the $400,000 range. Says Berger, it’s time developers “apply technology to the problem” of housing affordability, The Denver Post reports.

Kasita is working with Courtney McRickard, of 063 Design and Development and Sean Kulzer and Mike DePalma of MKD Development. “It’s really about being able to deliver a high-quality product at a faster rate than traditional construction and trying to deliver a more affordable component to the city,” McRickard said, estimating that due to the speed of factory construction, this project could go from the design stage to completion in about a year.

Read more