Dive summary:

• The U.S. has an estimated 700,000 used and discarded shipping containers sitting on waterfronts with nowhere to go, and Three Squared Inc. is going to show how they could be used by erecting a 20-unit, four-story apartment building made from them in Detroit.
• The containers, the developer says, are stronger than conventionally framed structures and be outfitted so each unit's energy cost is 20% of a conventional unit's expense.
• CEO Leslie Horn says the company can build at 60% of the cost of conventional framing because of reduced materials cost and less time spent in construction.

From the article:

Three Squared is planning America’s first multifamily dwelling constructed from retired shipping containers in Detroit, which will help save money and environmental resources. ...