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Monday, May 2, 2022
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Crain’s Detroit Business: LiftBuild Technology Successfully Hoists Million-Pound Floorplate to Top of The Exchange

LiftBuild LLC’s patented technology successfully hoisted some 1 million pounds of steel, concrete, and other building materials to the top of an under-construction residential high-rise in Detroit’s Greektown neighborhood, The Exchange. It took approximately 10 hours to raise the roughly 500-ton floorplate, rising at a rate of 20 feet per hour.

LiftBuild’s revolutionary technology allows individual floors to be built on the ground and then lifted into place, ultimately accelerating a given construction schedule by up to 30%. As the floors are installed from the top down, each successive lift will take less time.

Ghafari is a proud member of the design team supporting Gratiot Acquisition Partners and LiftBuild (a subsidiary of Barton Malow) on this groundbreaking project.

In addition to 165 residential units, the 16-story building will also offer 30 private office suites on the first floor that can be leased by the residents or the public. The second floor will offer a resident clubroom, fitness center, and deck.

The Exchange is expected to welcome its first residents in late spring of 2023.

Read more about the project’s first lift in Crain’s Detroit Business.