Negocios Now

NegociosNow NegociosNow www.negociosnow.com 8 Diciembre 2008 8 Diciembre 2017 NegociosNow NegociosNow El Especial Esteban B. Montero W When asked, "Why Fab- ex?", President Lalo Edery says: "In many regional and national markets it's abun- dantly clear that the demand for housing is outpacing supply." According to him, labor shortages and development costs are rising at levels that make traditional construction insufficient to meet demand at reasonable costs. The solution, in his opinion, is "off-site" construction. Founded two years ago, Fabex is a developmental and construction company specializing in off-site construction which involves the planning, design, fabrication and assembly of the elements for a buil- ding at a location away from the building itself. Edery's focus is an office space and multifamily hou- sing in the Midwest. In addition to that, Edery wants to develop pro- ducts that are energy-efficient, sus- tainable, and that leverage proven technologies in a factory setting. "Our first goal is to develop a number of prototypes that will allow us to optimize our designs, production protocols and logistics strategies," he says. Adding that, "once we can satisfy (ourselves - you mean our customers maybe?) than we can fabricate our products in significant quantities, market them first in the Midwest and later in international markets." Edery's 30-year experience in various executive roles in the cons- truction industry led him to the founding of Fabex. His portfolio includes a variety of buildings that span Chicago, DC, Dallas, San Juan in Puerto Rico, and Barcelona and Murcia in Spain, as well as over 500 units of multifamily projects in the Midwest. Fabex is currently working on their second development which is the repositioning of a four-story warehouse building in Bridgeport,IL, that will offer artist studios and co-working spaces to young companies, entrepreneurs and artists. Nuevos Negocios Top accreditation, small classes, real-world experience—only with a Dominican MBA THE BEST VALUE MBA Learn more at business.dom.edu Brennan School of Business Where Learning Demands More YOU PITCH, WE BAT We tailor bilingual & high-quality print and digital publication for those who need to reach the Hispanic Community. Custom Media Call us at 773-942-7410 CustomMedia@negociosnow.com IN PURSUIT OF "OFF-SITE" CONSTRUCTION Lalo Edery, President of Fabex Technologies, LLC, is focusing on a strain of construction to maximize efficiency and opportunity. "O ur first goal is to develop a number of prototypes that will allow us to optimize our designs, production protocols and logistics strategies."

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