Starbucks Canada is opening a new store this month in British Columbia outside Vancouver that was assembled in just six days using sustainable materials and near-zero construction waste.
"This is the new wave of construction technology," Gregor Robertson, former mayor of Vancouver and executive vice president of strategy at Nexii Building Solutions, told Cheddar. "Nexii manufactures our buildings off-site and then flat-packs them and ships them to the site and assembles them very rapidly."
On the surface at least, it looks like any old Starbucks drive-thru store, but beneath the familiar outer-shell is a new approach to commercial retail construction.
The building is LEED-certified — the international standard for green design — and built to reduce heating and cooling needs. According to Robertson, the Vancouver building represents a 20 percent reduction in "embodied carbon," which is the carbon embedded in the materials, and a 43 percent reduction in the "operating energy," which is the regular carbon footprint once it's up and running.
Robertson stressed that the stakes are high for coming up with new sustainable construction methods, given that buildings are responsible for just under 40 percent of global carbon emissions, according to the Canada Green Building Council.
"Buildings and construction are the number-one cause of the climate crisis," he said. "Our cities desperately need market solutions. That's why I got involved with Nexii when I finished my time as mayor."
Robertson said Nexii plans to extend this design approach to other types of buildings, including energy-intensive industrial facilities that use large amounts of steel and concrete.
He pushed back against the idea that green buildings are more expensive, and that quicker building-times and energy savings can make up the costs.
"Ultimately, we think we can produce more affordable buildings," he said.
The former mayor didn't shy away from calling for increased regulation in the space as well, including new rules for limiting embodied carbon in buildings.
"It's really about raising the standards in cities around the world," he said.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."
