Multifamily giant’s new modular apartment venture starts first project, to be built in Clarion County factory and assembled on site at Coraopolis residential site.

This year, multifamily development has been robust. According to a recent supply update from Yardi Matrix, nearly 460,000 units are expected to deliver by the end of the year and more than 510,000 in 2024. Completions are projected to taper off in the years to follow, falling to as low…

Greystar, the massive U.S. developer, bought a factory in order to build a whole new line of modular apartment buildings. When Greystar executive Andy Mest returned to the U.S. in 2018 from working in the United Kingdom, he wanted a new challenge. After spending four years overseeing the global construction…