International Mass Timber Conference reposted this
🌲 Day 3 at IMTC: Mass Timber from a Developer's Perspective🌳 I spent all of day 3 in sessions geared towards developers and building owners. Here is what I learned: 🌲 Although mass timber comes at a cost premium when compared to other structural systems, the benefits can really pay off. One developer shared that in their spec-built office building, there was a 20% upfront cost premium for mass timber over light gauge steel, but their building commanded a 40% rental premium when compared to other conventional structures in the area! 🌳 Having the right project team is crucial for any mass timber project. It is critical to have an architect who understands the specific moisture, fire, and building code concerns with wood buildings. The first question an insurance company will ask is whether the design and construction team has any experience with this typology. 🌲 Mass timber structures are adaptable and good for a long-term investment. CLT panels are easily cut into and filled in, making mass timber structures flexible and adaptable to the changing needs of a building program and ideal for tenant improvement projects. Mass timber structures are also often inherently designed for disassembly, meaning they can likely be deconstructed and reconstructed in another place in the community when densification happens. #IMTC #masstimber