Jameis Winston, Mark Ingram Among Investors In Modular Building Firm

Photo credit: Courtesy of Kinexx
Two Kinexx Homes In Chicago

Chicago-based modular home company Kinexx Modular Construction is crowdfunding to raise cash for an expansion, and 20 professional athletes have already signed on to invest.

The NFL's Jameis Winston, Mark Ingram, Jaylon Johnson and Cam Jordan and the MLB's Edwin Jackson, along with 15 other pro athletes, have invested undisclosed sums in the campaign, but members of the public can participate at $500 with no institutional minimum, according to a release from Kinexx.

The modular builder specifically targets the scores of vacant urban lots that are already connected to utilities and city services but that "traditional scalable construction companies have passed on," according to the release.

"The problem is the lack of a system capable of building on narrow lots, tight alleys, zero staging space, and complex urban permitting – environments that traditional builders have long avoided," Kinexx CEO Scott Upshaw said in a statement. "We designed Kinexx to address these exact conditions."

Kinexx is operating in Chicago now, but the fundraise, which is taking place through a public regulation crowdfunding offering on the DealMaker platform, will expand the company into eight urban markets across the country, with an initial target of 25,000 vacant lots.

In cities such as Detroit, Baltimore, Cleveland, St. Louis and Columbus, Ohio, there are more than 250,000 vacant lots, a reminder of disinvestment, redlining and abandonment that has compounded over decades, Kinexx said in its release.

Modular construction has long been seen as a way to keep housing construction costs — and costs to consumers — low. As discussions around housing unaffordability spread nationally, modular has seen increasing adoption. Modular construction made up 5.1% of total U.S. construction in 2024 and is projected to grow 4.5% annually, according to the Modular Building Institute.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Ryman Hospitality To Pay $1.4B For Orlando Resort Complex

Wendy's Plots More Closures Amid U.S. Sales Slump

Anthropic Strikes Data Center Development Deal With Macquarie, GIC

In The Era Of AI, A New Platform Is Preserving Brokers' Competitive Advantage

More CMBS Borrowers Are Slamming Into The $65B Maturity Wall

Wall Street Anxiety Pushes Meta Into The Neocloud Business

Microsoft Moves To Undo Local Tax Breaks For Atlanta Data Center Projects

ICE Pivot From Warehouse Plan Funnels Cash To Private Prison Owners

SpaceX, Tesla To Spend $16.8B Building First Phase Of 100M SF Chip Factory

Longtime Newmark CEO Barry Gosin To Step Down

USG To Unveil New Solution For Data Center Partners At DICE South In Texas

CRE’s ESG Retreat Masks Growing Spending On Climate Risk