INTRO’S First Shipment Of Mass Timber Arrives At The Port Of Cleveland

After a 22‐day journey across the Atlantic Ocean and through the St. Lawrence Seaway,

INTRO’s first shipment of Mass Timber has safely arrived at the Port of Cleveland (Port). The Mass Timber, which is manufactured by Austrian‐based Binderholz GmbH, was transported by the Spliethoff Group (Spliethoff). Spliethoff is the Port’s vessel partner that provides a vital direct shipping option from Europe to Cleveland.


“The arrival of our first shipment of Mass Timber is a momentous day for everyone

involved in INTRO”, said Mark Bell, CEO of Harbor Bay Real Estate Advisors (Harbor Bay). “To be receiving this shipment required an unprecedented level of commitment by the Port of Cleveland and so many of our partners during such challenging times. This first shipment exemplifies the true grit and effort of all partners that are located throughout the United States, Canada, and Austria.”


Currently under construction, INTRO is located at the corner of West 25th Street and Lorain Avenue, adjacent to the historic West Side Market in Cleveland, Ohio. INTRO will be predominately constructed using Mass Timber and upon completion, it will be the tallest Mass Timber building in the United States. Mass Timber is solid or engineered wood, such as cross‐laminated timber and glue‐laminated timber, which is used for the primary loadbearing structures. The use of Mass Timber is a new construction method within the City of Cleveland, State of Ohio, and for most of the United States.


“INTRO’s use of introducing Mass Timber into construction creates an opportunity to showcase Ohio’s proud and longstanding Forest Product Industry” said Brad Perkins, Executive Director of the Ohio Forestry Association. “Our association and members are dedicated to strengthening and expanding the wood products industry for the benefit of Ohio companies, employees, customers, landowners, and the public. The use of Forest Products through innovative and sustainable methods, creates limitless opportunities for the growth of our Industry.”


Upon completion in the first quarter of 2022, the $144 million INTRO Development will rise to become a 9‐story (115’) building comprising of approximately 505,000 total square feet (SF), including 298 residential apartments, 35,000 SF of retail, 12,000 SF of event space, one acre of public “greenspace”, and a two‐story 342‐space underground parking garage in the west side Cleveland neighborhood known as Ohio City. Additional information is available at www.introcleveland.com


Mass Timber assembly will commence shortly after Thanksgiving and is scheduled to be completed by the Summer of 2021. The Mass Timber will be sequenced for installation from the Port of Cleveland.


This Press Release was provided by Harbor Bay Real Estate Advisors

ABOUT HARBOR BAY REAL ESTATE ADVISORS


Harbor Bay Real Estate Advisors (Harbor Bay) is a leading real estate development and investment firm, renowned for its relationship‐focused, honest approach in creating valuable real estate. Harbor Bay is based on a foundation of great people, high energy and sound discipline. At its core, Harbor Bay strives to build superior communities through well‐developed, well‐positioned, well‐managed real estate. Above all, Harbor Bay prides itself on consistently exhibiting a partnership approach when working with its clients and customers in the evaluation and optimization of

real estate.


Harbor Bay and its family affiliates have been around since 1856, comprising multiple generations of successful real estate development, investment, and management. Together, they have developed more than $2 billion dollars in real estate across a broad range of product types including multi‐family, industrial, office, retail, student, and senior living. Harbor Bay’s trademark is transformational developments with high impacts to communities. Please visit our website at www.harbor‐bay.com

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