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Case Studies

Mass Timber Business Case Studies

本案例研究系列旨在填补与美国财务绩效相关的可用信息的空白.S. 在各种产品子类型的建筑物中使用大量木结构系统建造的性能. Using transparent quantitative data, 10个案例研究中的每一个都分析了大量木材如何创造价值,并提供了成功的定性概述, challenges, and lessons learned from the developer/owner perspective.

该系列是与康拉德投资管理公司(Conrad Investment Management)合作制作的,如果没有分享数据的开发商/业主的支持,就不可能完成. WoodWorks非常感谢这些公司和个人支持我们的努力,以促进对大规模木材如何成为投资者有用工具的更深入理解, occupants, and the community.

下载案例研究PDF或继续滚动以预览包包含的内容.

District Office / Hacker / KPFF Consulting Engineers / Photo Hacker

Case Studies At-a-Glance

皇冠2登录welcome案例研究包分析了大量木材如何在各种属性子类型中创造价值, including multi-family for-rent and for-sale products, student housing, and institutional office. Each case study includes the following sections:

Development overview provides background, including:

  • Property information
  • Product strategy
  • Investment highlights

Qualitative summary from developer/owner perspective, including:

  • Challenges
  • Lessons learned
  • Successes

Quantitative overview compares realized, pro forma, and local market data, including:

  • Costs
  • Rents/sales
  • Lease-up
  • Returns

Market context provides a local market snapshot, including:

  • Submarket description
  • Major employers/industries

Initial Findings

从每个项目中收集到的信息揭示了早期趋势,这些趋势可以为其他采用大规模木结构系统建造的物业创造价值.

Multi-family/residential: Residents respond to “look & feel”

  • Aesthetics seem to be broadly appealing
  • Robust pre-leasing
  • Tangible distinction
  • Tangible realization of desired brand identities

Office: Attractive for myriad of reasons

  • Most tenants are “creditworthy”
  • Desire intangible stakeholder benefits
  • Tend to see impressive pre-leasing

Ascent

INTRO

The Canyons

Property Type: For-Rent Housing

Property Type: For-Rent Housing

Property Type: For-Rent Housing

Location: Milwaukee, WI

Size: 259 apartments; 493,000 gsf (incl. 273,000 sf mass timber)

Completed: July & August 2022

Developer: New Land Enterprises

Development Partner: Wiechmann Enterprises

Location: Cleveland, OH

Size: 297 apartments; 512,000 gsf

Completed: February 2022

Developer: Harbor Bay Ventures

Location: Portland, OR

Size: 70 apartments over six retail suites; 113,314 gsf

Completed: November 2020

Developer: Kaiser Group

Development Partner: Hoosiers Corporation, Japan


Currently the world’s tallest timber tower, Ascent由19层的大型木材豪华住宅单元组成,位于六层的地上停车场平台上. 大量的木材被选择作为这个开发的区别,它取得了惊人的预租.


INTRO Cleveland是一个多功能开发项目,拥有700人的活动空间, ground floor retail, 在克利夫兰最受欢迎的社区,公寓和城市中最好的配套设施将生活水平提升到了一个新的水平. 该开发项目以可观的溢价实现了无与伦比的租赁速度.


Featuring universal design plus concierge services and other amenities, 峡谷是一栋六层公寓楼,面向活跃的老年人和年轻居民. 峡谷在以设计为导向的子市场中获得了溢价租金,并被可行的租户占据.

Barracuda Condos

Timber Lofts

Adohi Hall at the University of Arkansas

Property Type: For-Sale Housing

Property Type: Redevelopment/Additions

Property Type: Purpose-Built/Owner-Occupied (Student Housing/Dorms)

Location: Madison, WI

Size: 19 residential condos + two office units; 42,000 gsf

Completed: August 2020

Developer: Populance

Location: Milwaukee, WI

Size: 60 apartments; 68,400 gsf (27 apartments; 35,400 gsf added)

Completed: 2020

Developer: Pieper Properties

Location: Fayetteville, AR

Size: 202,491 gsf

Completed: 2019

Owner: University of Arkansas


Barracuda condo是一栋七层的建筑,有五层公寓,两层办公室和 停车场. Buyers loved the location, warm timber ceilings, and kitchen/appliances, and 75% of the units were sold at the start of construction.


为了与历史悠久的砖木框架啤酒厂建筑相协调,建筑师选择了大量木材作为新建筑的补充部分。重建项目以市场最高的租金快速租赁, 虽然它的价值继续创造积极的经济“溢出”效应,有助于推动积极的势头和对次级市场/街道的看法.


Adohi Hall是全国第一个大型木结构的学生住宿开发项目, 这是大学规划可持续性和创新性的大胆展示. While utilizing mass timber came with a slight cost premium, 它被视为对该州木材行业的投资,也是为从学生到房地产行业的利益相关者创造价值的机会.

1 De Haro

Clay Creative

District Office

Property Type: Office

Property Type: Office

Property Type: Office

Location: San Francisco, CA

Size: 134,000 gsf

Completed: April 2021

Developer: SKS Partners

Location: Portland, OR

Size: 95,100 gsf

Completed: Spring 2016

Location: Portland, OR

Size: 105,890 gsf

Completed: February 2020

Developer: Urban Development + Partners; Beam Development


For 1 De Haro, 一栋四层的建筑,混合了投机性的办公和轻工业空间, 最初选择木材作为解决土壤问题的轻量级解决方案. 裸露的木结构创造了一个真正的亲生物的内部,吸引了海湾地区的esg驱动的租户, and the project was fully leased at the beginning of construction.


One of the earliest mass timber buildings in the U.S., Clay Creative的差异化设计体现了千禧一代的伦理和目标, creating value for its corporate tenants. 办公空间以最高的市场价格迅速出租,并出现了令人印象深刻的转租.


District Office is a speculative office building, 由一位领先的大型木材建筑师设计,以反映他们公司的价值观,并吸引其他潜在的租户. Built on a foundation of high-quality materials and sustainable design, 该项目的目标是在为居住者创造价值的同时吸引忠实的租户, investors, and the community.

The ICE Blocks

Property Type: Office

Location: Sacramento, CA

Size: 170,000 gsf

Completed: Spring 2018

Developer: Heller Pacific


California’s first modern timber office building, ICE Blocks sought a similar look and feel to historic brick. and timber warehouses. 独特的内饰以极具竞争力的租金吸引了优质租户,并在建造过程中迅速租出去.

Get additional resources that address the viability of U.S. mass timber projects
across various building product sub-types.

或者,点击橙色的项目支持按钮与WoodWorks区域总监取得联系.

Mass Timber Business Case Studies

Created for the developer/investor audience, 这些案例研究讨论了定性影响,并提供了定量数据来检验投资成功与否, challenges and lessons learned.