FullStack Modular Moves to Connecticut From Brooklyn
[Stay on top of transportation news: Get TTNews in your inbox.]
Connecticut will be home to building manufacturer FullStack Modular as its headquarters moves from New York’s Brooklyn Navy Yard to Gateway Terminal at the Port of New Haven.
Touting its ability to create high-rise buildings faster and more cost-effectively than conventional construction, the company is in the midst of moving to 30 Edmund St. in New Haven County after being welcomed to Connecticut in April by state officials, including Gov. Ned Lamont.
At that time, state officials celebrated the $8 million to $12 million that the relocation will bring to the state. “FullStack Modular is a growing design/manufacture company that is responsible for developing forward-thinking projects located throughout the country, and we are thrilled that they have made the decision to move their headquarters and bring at least 100 new jobs to Connecticut,” Lamont stated.
The move is expected to be complete by the end of this summer from the New York location where FullStack has operated for more than a decade.
We're thrilled to be welcomed into the Connecticut community as we relocate our HQ to Hamden, CT.
Pictured from L to R: @MayorElicker, @LaurenGarrettCT, Roger Krulak, @GovNedLamont, and Enstructure's Matthew Satnick and Philippe De Montigny.
Photo credit: Robin Buckley pic.twitter.com/viMg5derDG — FullStack Modular (@FSModular) April 27, 2023
“We are adjacent to a deepwater port, on the Interstate 95 corridor, and near the railroad, so there are many logistical benefits to the location of our FullStack Modular’s new headquarters in Hamden, Conn.,” Roger Krulak, FullStack founder and president, told Transport Topics. “It’s also worth mentioning our new landlord, Gateway Terminal, is a major logistics company on the East Coast.”
The new Connecticut location will expand its geographic reach up and down the East Coast rather than a typical 500-mile radius. It is essential for the company to be located in an ideal intermodal hub.
“The interesting thing about volumetric modular construction is that all of the materials come to our specific location and then get turned into a volumetric unit with all associated components shipped in a box. Then, in coordination with our landlord and partners, we can transport the finished mods to wherever their final setting place is — primarily along the East Coast,” Krulak explained.
Denious
Peter Denious, CEO of private nonprofit economic development corporation AdvanceCT, said Connecticut won the corporate relocation over other states because it had the most desirable real estate and port since Gateway Terminal offered the best logistics solution for the company’s headquarters and manufacturing operations.
“The ports of Bridgeport, New London and New Haven offer international logistics solutions to companies looking for a range of transport options,” Denious said. “Many companies overlook the fact that Connecticut is home to three deepwater ports.”
In a joint statement, Matthew Satnick and Philippe DeMontigny, co-CEOs of Gateway’s parent company Enstructure, described the deal with FullStack as one between companies that share similar business approaches.
“FullStack Modular is a truly innovative American company reshaping how we think about housing through its tech-driven, fully integrated approach to the sector. In a sense, our approach to logistics infrastructure is similar. We own and operate an integrated network of dry, liquid and breakbulk terminals and logistics assets. This fully integrated approach provides our customers with operational efficiency and allows them to benefit from all of our resources and best practices, which is unique within our industry,” the statement noted.
Want more news? Listen to today's daily briefing below or go here for more info:
