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Vessel Technologies

April 13, 2023

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New Vessel Technologies Franchise Aims to Address Multifamily Housing Needs

An interview with Vessel Technologies CEO Neil Rubler is featured in Franchise Times. Rubler founded Vessel in 2017 to combat lack of advances in multifamily housing; multifamily development for middle-income consumers was more about rehabbing existing housing stock than creating new product everyone can afford. The company takes an “industrialized approach” to the construction of apartment buildings using prefabricated and sustainable components. These components, such as walls, ceilings and floors, are built, packed and shipped to the construction site, where they’re assembled. A building in Trenton, NJ opened to residents in July 2022 and a 30-unit building is under construction is New London, CT, with 15 locations in the planning stages.