Archinect - News 2015-05-22T21:18:33-04:00 http://archinect.com/news/article/123915839/further-details-on-tadao-ando-s-nyc-luxury-condo-tower Further details on Tadao Ando's NYC luxury condo tower Alexander Walter 2015-03-27T20:50:00-04:00 >2015-04-05T09:13:55-04:00 <img src="http://cdn.archinect.net/images/514x/bf/bf078905b4166d8d8e79daa741a1e315.jpg" width="514" height="289" border="0" title="" alt="" /><em><p>At the corner of Elizabeth and Kenmare Streets at the edge of NoLIta, demolition work began in early March to make way for a seven-story condominium, Mr. Ando&rsquo;s first stand-alone project in the city, although he has designed a restaurant (Morimoto in Chelsea) and residential interiors in Manhattan. Sales are expected to begin in April, with prices [...] likely to rise to more than $30 million for the four-bedroom penthouse, according to Mr. Steinberg.</p></em><br /><br /><p>Previously:</p><ul><li><a href="http://archinect.com/news/article/102271187/new-details-on-tadao-ando-s-upcoming-residential-project-in-nyc-s-nolita" rel="nofollow" target="_blank">New details on Tadao Ando's upcoming residential project in NYC's NoLIta</a></li><li><a href="http://archinect.com/news/article/95126889/tadao-ando-to-design-first-residential-building-in-new-york" rel="nofollow" target="_blank">Tadao Ando to design first residential building in New York</a></li></ul> http://archinect.com/news/article/123833084/this-modernist-rudolph-schindler-church-in-south-la-could-be-yours-for-1-85m This modernist Rudolph Schindler church in South LA could be yours for $1.85M Alexander Walter 2015-03-26T19:01:00-04:00 >2015-04-05T00:02:55-04:00 <img src="http://cdn.archinect.net/images/514x/69/6945aunxhm6gmu4w.jpg" width="514" height="347" border="0" title="" alt="" /><em><p>Prolific Los Angeles Modernist Rudolph Schindler designed dozens of timeless duplexes, apartments, houses, and office buildings, but he only ever designed one church. Bethlehem Baptist Church in Central-Alameda was built in 1944 for a small, black church congregation. Now, just after a much-needed restoration to what was for many years a pretty rough-looking building, the architecturally significant church&mdash;an official Los Angeles Historic-Cultural Landmark&mdash;is up for sale.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/123600021/looking-to-buy-a-home-in-sf-good-luck Looking to buy a home in SF? Good luck Amelia Taylor-Hochberg 2015-03-23T18:39:00-04:00 >2015-04-04T22:35:29-04:00 <img src="http://cdn.archinect.net/images/514x/37/37bf6b17e60176b5c4edb2f8ee935210.jpg" width="514" height="515" border="0" title="" alt="" /><em><p>Everyone knows the supply of new homes in the Bay Area is falling far short of job and population growth, but the number of existing homes being put up for sale is also near record lows in many areas. [...] &ldquo;The move-up market is pretty much frozen,&rdquo; said Matt Fuller, an agent with Zephyr. &ldquo;Even if you can do great on the sale of your property, you are terrified to enter the market as a buyer.&rdquo; [...] Inventory is also shrinking because post-foreclosure sales have dried up.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/123275741/chicago-s-willis-tower-sold-for-1-3b-to-blackstone-group Chicago's Willis Tower sold for $1.3B to Blackstone Group Alexander Walter 2015-03-19T13:20:00-04:00 >2015-03-19T15:42:31-04:00 <img src="http://cdn.archinect.net/images/514x/su/sunx1q6e360e0qob.jpg" width="476" height="600" border="0" title="" alt="" /><em><p>Blackstone Group LP agreed to buy Chicago&rsquo;s Willis Tower, the second-tallest building in the U.S., and plans to upgrade the retail and observatory space in a bet on growth in the city. [...] On a per-square-foot basis, the valuation for the more than 40-year-old Willis Tower is lower than deals for newer buildings. The Blackstone price is about $342 a square foot, based on about 3.8 million square feet (353,000 square meters) of rentable space.</p></em><br /><br /><p>Previously:&nbsp;<a href="http://archinect.com/news/article/122214181/need-a-skyscraper-chicago-s-willis-tower-just-hit-the-market" rel="nofollow" target="_blank">Need a skyscraper? Chicago&rsquo;s Willis Tower just hit the market.</a></p> http://archinect.com/news/article/122214181/need-a-skyscraper-chicago-s-willis-tower-just-hit-the-market Need a skyscraper? Chicago’s Willis Tower just hit the market. Alexander Walter 2015-03-05T17:29:00-05:00 >2015-03-07T20:23:44-05:00 <img src="http://cdn.archinect.net/images/514x/ri/riduod6gm859myp9.jpg" width="514" height="326" border="0" title="" alt="" /><em><p>Chicago&rsquo;s Willis Tower, once the world&rsquo;s tallest building and one of the city&rsquo;s top tourist attractions, is up for sale. [...] The 1,450-foot (442-meter) building, formerly known as the Sears Tower, is the second-tallest in the U.S., and was the world&rsquo;s highest from its completion in the early 1970s until 1998 [...] &ldquo;It&rsquo;s iconic in the size and how it dominates the skyline, [...] As an office building, however, it&rsquo;s 1970s construction.&rdquo;</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/118197559/a-look-at-the-growing-influence-of-immigrants-on-the-american-housing-market A look at the growing influence of immigrants on the American housing market Alexander Walter 2015-01-12T14:37:00-05:00 >2015-01-14T20:41:35-05:00 <img src="http://cdn.archinect.net/images/514x/e8/e8083c3c2f26a3db7c68d87528f8194e.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>While some remain cynical about homeownership, the U.S.'s foreign-born population still regards it as a symbol of attaining the American Dream. [...] Last year, immigrant households made up 11.2 percent of owner-occupied housing according to the JCHS&mdash;that&rsquo;s up from only 6.8 percent in 1994.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/117808241/america-s-most-expensive-rental-markets-in-2014 America's most expensive rental markets in 2014 Alexander Walter 2015-01-07T13:21:00-05:00 >2015-01-08T14:34:54-05:00 <img src="http://cdn.archinect.net/images/514x/5d/5d9e3b520b3f1c57e32d823ea26fcb24.jpg" width="514" height="257" border="0" title="" alt="" /><em><p>Rents continue to outpace incomes. In fact, Zillow just&nbsp;released data showing U.S. renters spent a combined $441 billion on housing&nbsp;in 2014. Perhaps surprisingly, the New York-Northern New Jersey metro didn&rsquo;t top the list. San Jose was the highest, with renters paying on average&nbsp;$1,807 per month. Meanwhile, the 20th most expensive metro&nbsp;for renters was&nbsp;Minneapolis-St. Paul, where the average monthly payment in 2014 was&nbsp;$927.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/117113216/port-authority-reveals-plan-to-sell-world-trade-center-site Port Authority reveals plan to sell World Trade Center site Alexander Walter 2014-12-29T12:50:00-05:00 >2015-01-05T18:28:58-05:00 <img src="http://cdn.archinect.net/images/514x/wl/wl3jibe14u4hpge2.jpg" width="514" height="774" border="0" title="" alt="" /><em><p>Govs. Andrew Cuomo and Chris Christie have turned to a familiar idea in their pledge to reform the Port Authority of New York and New Jersey: selling its real estate. A report released over the weekend highlights a plan to sell off many of the agency&rsquo;s sprawling property holdings, by far the most notable of which is the World Trade Center site in lower Manhattan. That concept has long been pushed within the agency, and it has been implemented gradually over the past decade and a half.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/115820972/the-qatari-royal-family-now-owns-more-of-london-than-the-british-crown The Qatari royal family now owns more of London than the British Crown Nicholas Korody 2014-12-12T18:06:00-05:00 >2014-12-18T20:35:38-05:00 <img src="http://cdn.archinect.net/images/514x/d1/d15362b91eeddda39a205d14dd37f65d.jpg" width="514" height="289" border="0" title="" alt="" /><em><p>The Qatari royal family is planning to convert three of London&rsquo;s most prestigious addresses into a single mega-mansion valued at over &pound;200 million. The family, which already owns famous London landmarks including the Shard, Harrods and the Olympic Park, has submitted plans to convert three properties in Regent&rsquo;s Park [...] The Qatari royal family now owns more of London than the Crown Estate.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/115580916/sn-hetta-to-move-its-new-york-city-offices Snøhetta to move its New York City offices Alexander Walter 2014-12-09T15:13:00-05:00 >2014-12-11T19:13:25-05:00 <img src="http://cdn.archinect.net/images/514x/b3/b30411a1e417d85c83ab8cc4b0f20c90.jpg" width="199" height="300" border="0" title="" alt="" /><em><p>Norway-based architecture firm&nbsp;Sn&oslash;hetta will move its New York City offices to the&nbsp;Rudin family&rsquo;s 80 Pine Street in the Financial District, the landlord announced this morning. The architecture company, whose first New York City project was the National September 11 Memorial Museum Pavillion at the World Trade Center site, will relocate from 25 Broadway to a segment of the 10th floor of the 38-story structure in 2015 [...].</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/114975675/the-long-goodbye-apartment-is-available-to-rent-for-only-2800 "The Long Goodbye" Apartment is Available to Rent for Only $2800 Nicholas Korody 2014-12-01T18:23:00-05:00 >2014-12-03T22:20:06-05:00 <img src="http://cdn.archinect.net/images/514x/pd/pdlksw9fcej4cju3.jpg" width="337" height="450" border="0" title="" alt="" /><em><p>At the end of a cul de sac near the Hollywood Bowl, park your car in a garage carved into the hill. Walk through a gated tunnel to a private elevator where you'll be taken up 6 stories through the hill to the top of a Tuscan tower. Nestled in a quiet walk street enclave high above the bustle of Hollywood Blvd. 1bed, 1 bath includes the aforementioned private parking garage (remote door opener). Washer/Dryer, hardwood floors and terrace.</p></em><br /><br /><p>The apartment was featured in Robert Altman's 1973 "The Long Goodbye." In the neo-noir&nbsp;film, Elliot Gould plays Phillip Marlowe, a private eye living in a tower high up in the Hollywood Hills. The apartment was also featured in&nbsp;Kenneth Branagh's&nbsp;<em>Dead Again.&nbsp;</em>According to the craigslist ad, Michael Connelly &ndash; author of <em>the Lincoln Lawyer &ndash;&nbsp;</em>was a former resident as was&nbsp;David Copperfield.</p><p>The apartment is close to the Hollywood Bowl. Moreover: it's "quiet, no freeway noise, beautiful views yet a short walk to Hollywood and Highland and the subway." No word on whether or not it's&nbsp;<a href="https://www.youtube.com/watch?v=_u0uo0TxS-I" rel="nofollow" target="_blank">cat-friendly</a>.</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/4a/4awt7urinfxyn612.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/eb/ebo98w666tqooioe.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/60/60qh3ca5b5ygjliz.jpg"><img title="" alt="" src="http://cdn.archinect.net/images/514x/27/27g3rukudr2a730q.jpg"></p> http://archinect.com/news/article/113667820/nmda-3xn-and-mad-among-first-six-teams-competing-for-porsche-residential-tower NMDA, 3XN, and MAD among first six teams competing for Porsche residential tower Justine Testado 2014-11-14T19:52:00-05:00 >2014-11-19T19:54:53-05:00 <img src="http://cdn.archinect.net/images/514x/o2/o2dblwiuny37vqvr.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>Luxury brand Porsche Design recently launched a closed invite-only competition to find the architect for their Porsche Design Tower in Frankfurt, Germany. The winning proposal will have the most fitting urban architectural concept along with ideas for the surrounding outdoor spaces. The project will be Porsche's debut in real estate in Europe.</p></em><br /><br /><p>Out of a goal of 20 participating architecture teams, the first six firms to compete are:</p><ul><li>&nbsp;&nbsp;&nbsp; Delugan Meissl Associated Architects, Vienna (Austria)</li><li>&nbsp;&nbsp;&nbsp; 3XN, Copenhagen (Denmark)</li><li>&nbsp;&nbsp;&nbsp; Neutelings Riedijk Architecten, Rotterdam (The Netherlands)</li><li>&nbsp;&nbsp;&nbsp; Stefano Boeri Architetti, Milan (Italy)</li><li>&nbsp;&nbsp;&nbsp; MAD architects, Beijing (China)</li><li>&nbsp;&nbsp;&nbsp; Neil M. Denari Architects, Los Angeles (USA)</li></ul><p>Find out more about the project on <a href="http://www.bustler.net/index.php/article/first_6_teams_including_nmda_3xn_mad_architects_to_compete_for_porsche_resi/" rel="nofollow" target="_blank">Bustler</a>.</p> http://archinect.com/news/article/112872633/developer-wants-to-re-use-and-trademark-the-5pointz-name-for-their-new-residential-towers Developer wants to re-use and trademark the 5Pointz name for their new residential towers Diane Pham 2014-11-04T12:33:00-05:00 >2014-12-16T12:10:58-05:00 <img src="http://cdn.archinect.net/images/514x/bv/bvc8kukz4jxl435g.jpg" width="514" height="319" border="0" title="" alt="" /><em><p>The whitewashing and subsequent demolition of Long Island City graffiti mecca 5Pointz was painful enough for the arts community, but now G&amp;M Realty, the developer responsible for the loss, wants to trademark the 5Pointz name and use it for their new residential towers at the site. And artists are not happy, saying the developer is trying to bank off their name.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/112279307/winners-of-the-2014-urban-land-institute-global-awards-for-excellence Winners of the 2014 Urban Land Institute Global Awards for Excellence Justine Testado 2014-10-27T19:19:00-04:00 >2014-10-29T19:47:08-04:00 <img src="http://cdn.archinect.net/images/514x/f9/f98zfxbczj45ppr7.jpg" width="514" height="756" border="0" title="" alt="" /><em><p>Top-notch real estate development deserves a little recognition, too. The Urban Land Institute announced the winners in their 2014 Global Awards for Excellence, considered as the most prestigious awards program in the land use industry. Now in its 36th year, the open awards competition selects projects that best exhibit high standards in design, construction, planning, management, and economics.</p></em><br /><br /><p>Here's a few of the 2014 winners:</p><p>Governor George Deukmejian Courthouse, Long Beach, CA, USA.<br>Developer: Long Beach Judicial Partners LLC/Meridiam Infrastructure; Designer: AECOM</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/du/dulaxmgb8c3mfmuz.jpg"></p><p>Zuellig Building, Makati City, Philippines<br>Developer: Bridgebury Realty Corporation; Designer: Skidmore, Owings &amp; Merrill LLP, et al</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/ac/acsonuvy3u7nxnmp.jpg"></p><p>Mercado do Bom Sucesso, Porto, Portugal<br>Developer: Urban Market Company et al; Designer: Ferreira de Almeida, Arquitectos LDA</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/29/29ch8lncgyi09mnh.jpg"></p><p>Tjuvholmen, Oslo, Norway<br>Developer: Tjuvholmen KS/AS; Designer: Niels Torp Arkitekter Mnal, et al</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/ui/ui7iil2u4dcmh3zi.jpg"></p><p>Find the full list of winners on <a href="http://www.bustler.net/index.php/article/winners_of_the_2014_uli_global_awards_for_excellence/" rel="nofollow" target="_blank">Bustler</a>.</p> http://archinect.com/news/article/110818290/san-francisco-legalizes-regulates-airbnb-with-lots-of-amendments San Francisco Legalizes, Regulates Airbnb (With Lots of Amendments) Amelia Taylor-Hochberg 2014-10-08T20:45:00-04:00 >2014-10-15T22:13:17-04:00 <img src="http://cdn.archinect.net/images/514x/cb/cb3bd778eee3d77534f9c9e06cf1fdc8.jpg" width="514" height="323" border="0" title="" alt="" /><em><p>The city&rsquo;s board of supervisors voted to legalize and regulate short-term stays through a controversial piece of legislation that has been two years in the making [...] The key changes include a limit on non-hosted rentals for up to 90 days per year. [...] [The hosts will] also have to pay the city&rsquo;s hotel taxes. They &mdash; not Airbnb &mdash; are responsible for certifying that they&rsquo;re only hosting 90 days a year and for keeping records that prove this.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/109657265/nyc-s-most-expensive-condo-to-be-listed-at-130-million NYC’s Most Expensive Condo to Be Listed at $130 Million Alexander Walter 2014-09-23T19:01:00-04:00 >2014-09-24T19:19:12-04:00 <img src="http://cdn.archinect.net/images/514x/vw/vwtsu9b0g6ca9wn9.jpg" width="514" height="345" border="0" title="" alt="" /><em><p>A triplex penthouse at Zeckendorf Development Co.&rsquo;s tower under construction on Manhattan&rsquo;s Upper East Side will be offered for sale at $130 million, making it New York&rsquo;s most expensive apartment listing. The 12,394-square-foot (1,151-square-meter) property will span the top three floors at 520 Park Ave., where sales will begin the first quarter of next year, Arthur Zeckendorf said in an interview today.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/109513378/in-nyc-trophy-townhouses-are-back-in-favor-again In NYC trophy townhouses are back in favor again Nam Henderson 2014-09-21T23:38:00-04:00 >2014-09-22T10:24:31-04:00 <img src="http://cdn.archinect.net/images/514x/el/elccsox3hqgk6i1w.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>&ldquo;For 10 or so of these important properties to come on the market at the same time, that matters a lot,&rdquo; - Gregory J. Heym, an executive vice president and the chief economist for Halstead Property and Brown Harris Stevens</p></em><br /><br /><p>Earlier this month Robin Finn, looked at one trend in Manhattan's luxury/high-end real estate market. Given the&nbsp;less than 2,000&nbsp;single-family homes in Manhattan, a recent influx of&nbsp;historic mansions and townhouses into the market, offers buyers a rare opportunity to avoid co-ops and condos.</p><p>Some are calling it a nouveau form of recycling, but without a doubt one that&nbsp;caters to the 1 percent.</p> http://archinect.com/news/article/109353010/nyc-s-historic-190-bowery-part-of-massive-buy-up-by-developer-rfr-holdings NYC's historic 190 Bowery part of massive buy-up by developer RFR Holdings Amelia Taylor-Hochberg 2014-09-19T20:25:00-04:00 >2014-09-23T17:26:56-04:00 <img src="http://cdn.archinect.net/images/514x/2o/2o2zmf22q0z4k13l.jpg" width="514" height="359" border="0" title="" alt="" /><em><p>RFR plans to spend $250 million on Manhattan land purchases, up to $500 million on office building deals and $100 million to $150 million more on retailing properties &mdash; all before the end of the year. [...] Perhaps the most under-the-radar purchase was 190 Bowery... Developers have been trying for years to buy the six-story Renaissance Revival structure, which appears abandoned, with blocked-off doorways, boarded-up windows and graffiti covering nearly all of the lower facade.</p></em><br /><br /><p>For some more context on 190 Bowery, check out <a href="http://archinect.com/news/article/109347390/life-in-the-bowery-s-72-room-bohemian-dream-house" rel="nofollow" target="_blank">Wendy Goodman's 2008 profile of the family living there</a>.</p> http://archinect.com/news/article/109347390/life-in-the-bowery-s-72-room-bohemian-dream-house Life in the Bowery's 72-room "Bohemian Dream House" Amelia Taylor-Hochberg 2014-09-19T18:35:00-04:00 >2014-09-23T17:27:08-04:00 <img src="http://cdn.archinect.net/images/514x/zr/zrw6wcidqw9m16u4.jpg" width="514" height="475" border="0" title="" alt="" /><em><p>190 Bowery is a mystery: a graffiti-covered Gilded Age relic, with a beat-up wooden door that looks like it hasn&rsquo;t been opened since La Guardia was mayor. [...] With the Bowery Hotel and the New Museum, the Rogan and John Varvatos boutiques, 190 is now an anomaly, not the norm. Why isn&rsquo;t some developer turning it into luxury condos? Because Jay Maisel, the photographer who bought it 42 years ago for $102,000, still lives there, with his wife, Linda Adam Maisel, and daughter, Amanda.</p></em><br /><br /><p>This 2008 piece on 190 Bowery is being published for historical context, on the <a href="http://archinect.com/news/article/109353010/nyc-s-historic-190-bowery-part-of-massive-buy-up-by-developer-rfr-holdings" rel="nofollow" target="_blank">recent occasion of the property being sold</a> to NYC developer, RFR Holdings.</p> http://archinect.com/news/article/108562688/the-real-corporate-landlords-of-atlanta The Real Corporate Landlords of Atlanta Alexander Walter 2014-09-09T14:19:00-04:00 >2014-09-18T16:33:23-04:00 <img src="http://cdn.archinect.net/images/514x/71/7126c6d39cac44e461dbb298d558b621.jpg" width="514" height="342" border="0" title="" alt="" /><em><p>&ldquo;It&rsquo;s not rare for us to go and try to make sure that no one buys the house of someone who&rsquo;s facing foreclosure,&rdquo; says Rob Call, an organizer for Occupy Our Homes Atlanta (OOHA). In Georgia, houses are publicly auctioned every first Tuesday of the month on each county courthouse&rsquo;s steps. "[...] these auctions were mostly vacant. No one was really trying to go after these homes, but then they were [suddenly] swamped with people bidding up houses with quick access to sizable cashier&rsquo;s checks.&rdquo;</p></em><br /><br /><p>Related: <a href="http://archinect.com/news/article/99476731/by-2011-atlanta-had-demolished-all-of-its-public-housing-projects-where-did-all-those-people-go" rel="nofollow" target="_blank">By 2011, Atlanta Had Demolished All of Its Public Housing Projects. Where Did All Those People Go?</a></p> http://archinect.com/news/article/107636134/making-space-for-more-tech-firms-in-new-york-city Making Space for More Tech Firms in New York City Alexander Walter 2014-08-28T13:47:00-04:00 >2014-09-03T19:47:57-04:00 <img src="http://cdn.archinect.net/images/514x/7a/7a5b9b874b5632edb40a24bc669c068f.jpg" width="514" height="350" border="0" title="" alt="" /><em><p>As New York City&rsquo;s burgeoning tech economy continues to grow, startups face the same challenges for office space they would anywhere else&mdash;but have the added challenge of Manhattan-level price tags, vying for space with law firms, banks, and other well-financed tenants. An absolute lack of space is not the issue, however. New York&rsquo;s low 10 percent office vacancy rate may be second only to Washington, D.C.&rsquo;s 9.6 percent, but an enormous amount of inventory is going up [...].</p></em><br /><br /><p>Related: Working out of the Box interview with <a href="http://archinect.com/features/article/92243101/working-out-of-the-box-miguel-mckelvey" rel="nofollow" target="_blank">Miguel McKelvey</a>, Co-Founder &amp; Chief Creative Officer at WeWork.</p> http://archinect.com/news/article/107404399/life-after-brooklyn Life After Brooklyn Alexander Walter 2014-08-25T13:53:00-04:00 >2014-08-26T08:52:39-04:00 <img src="http://cdn.archinect.net/images/514x/o2/o2wbz09vwxyty48e.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>Fed up with rising rents, bidding wars and neighborhoods that no longer resemble the low-rise bohemian enclaves they found when they arrived, many Brooklynites are moving out. They include decade-long renters who can no longer keep up with price hikes, qualified buyers who have been outbid one too many times, and young families who simply can&rsquo;t find the space they want at prices they can afford.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/106405526/john-lautner-s-silvertop-home-to-list-for-7-5-million John Lautner's Silvertop home to list for $7.5 Million Alexander Walter 2014-08-12T14:41:00-04:00 >2014-08-20T08:59:26-04:00 <img src="http://cdn.archinect.net/images/514x/6c/6c27c0c76ba89bbb4cd4982e5f13d4a3.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>It has been the setting for music videos, TV commercials and scenes from the '80s movie "Less Than Zero." Now, the unusual Los Angeles home by influential architect John Lautner is slated to go on the market for $7.5 million. Known as Silvertop, the house has a striking design: It is made up of a series of interlocking half-circles, with a massive, arched concrete roof over the living room.</p></em><br /><br /><p>Can't get enough of that good Lautner stuff? Read Orhan Ayy&uuml;ce's tale of the <a href="http://archinect.com/features/article/52668208/lautner-s-concannon-residence-from-dust-to-dust" rel="nofollow" target="_blank">Concannon Residence</a>.</p> http://archinect.com/news/article/106275393/adaptive-reuse-curb-appeal-equal-historic-buildings-reinvented Adaptive reuse + "curb appeal", equal historic buildings, reinvented Nam Henderson 2014-08-10T23:41:00-04:00 >2014-08-11T08:06:22-04:00 <img src="http://cdn.archinect.net/images/514x/fz/fz2k02no1ljzarkh.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>&ldquo;People are more comfortable...with something that feels authentic." - Toby Moskovits, president of Heritage Equity Partners</p></em><br /><br /><p>Earlier this summer, C. J. Hughes took note of a trend in NYC real-estate, the conversion of unusual buildings into apartments and condos. But, it isn't only your typical post-industrial loft, the conversions include;&nbsp;phone company buildings (like 140 West Street&nbsp;designed by Ralph Walker, a prominent Art Deco architect), parking garages,&nbsp;religious buildings,&nbsp;movie theaters and even government/public buildings.</p> http://archinect.com/news/article/105939752/bed-stuy-prices-soar Bed-Stuy Prices Soar Nicholas Korody 2014-08-06T13:51:00-04:00 >2014-09-09T13:50:41-04:00 <img src="http://cdn.archinect.net/images/514x/c7/c7of32t4l4rn1in6.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>As prices rise in Brooklyn, brokers in Bedford-Stuyvesant have been breaking sales records left and right since March [...] Nine of Bed-Stuy&rsquo;s top 15 residential sales in the past five years are from 2014 [...] Meanwhile, the median sales price during the second quarter rose to $630,000, up from $425,000 in the second quarter of 2013. In June of this year, the median asking price was even higher, according to StreetEasy data: $895,000, a 50.4 percent increase from June 2013.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/105808748/martha-stewart-in-the-age-of-drone-photography Martha Stewart in the age of drone photography Amelia Taylor-Hochberg 2014-08-05T13:18:00-04:00 >2014-08-12T21:55:24-04:00 <img src="http://cdn.archinect.net/images/514x/5p/5pp2gtxg24bhrkp1.jpg" width="514" height="514" border="0" title="" alt="" /><em><p>In just a few minutes I was hooked. . . The photos and video were stunning. By assuming unusual vantage points, the drone allowed me to &ldquo;see&rdquo; so much more of my surroundings than usual. [The view] would have otherwise been impossible without the use of a private plane, helicopter, or balloon. With any of those vehicles, I would have needed a telephoto lens, and all of them would have made an unacceptable commotion on the beach. What&rsquo;s more, I would not have been in the photos!</p></em><br /><br /><p>Purveyor of all things "Good", Martha Stewart has added her two color-coded cents to the debate on drones in a nearly <a href="http://time.com/3053003/martha-stewart-drone/" rel="nofollow" target="_blank">gleeful op-ed for <em>TIME</em> magazine</a>. Titled "Why I Love My Drone", Stewart gushes about her new "useful tool" and marvels at how large-scale planning projects like Chateau de Versailles and the Great Wall of China were accomplished without such imaging technology. Seeing aerial views of her private farm, she's tickled by its resemblance to her Peter Rabbit-themed Easter cakes.</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/c6/c651d1ng807e3x0t.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/zl/zlcap1midkpvkhg3.jpg"></p><p>Stewart's approach to drone photography is craftily optimistic, and while she recognizes the grave implications of militarized drone technology, she's not going to wrinkle her dinner napkin wringing her hands over it. But Stewart's adoption of the drone is a strong sign of the technology's mainstream commercial appeal. <a href="http://www.joaomorgado.com/eng/aerial-photography" rel="nofollow" target="_blank">Professional photographers</a>, filmmakers, <a href="http://www.zillow.com/blog/pro/drone-use-real-estate-marketing-112159/" rel="nofollow" target="_blank">real estate developers</a> and <a href="http://archinect.com/news/article/100171363/gensler-la-wants-to-use-drones-to-alleviate-the-scale-limits-of-3d-printing" rel="nofollow" target="_blank">architects</a> have embraced the drone's utility for affording new, choreographed views (<a href="http://realtormag.realtor.org/law-and-ethics/briefs/article/2014/03/drones-in-real-estate-not-so-fast" rel="nofollow" target="_blank">even if the law hasn't</a>). The dr...</p> http://archinect.com/news/article/105555912/jacko-s-neverland-ranch-is-up-for-sale-at-50-75m Jacko's Neverland Ranch is up for sale at $50-$75M Amelia Taylor-Hochberg 2014-08-01T14:12:00-04:00 >2014-08-01T14:12:38-04:00 <img src="http://cdn.archinect.net/images/514x/7e/7ee04f797d7645b75bb63570746e095b.jpg" width="514" height="339" border="0" title="" alt="" /><em><p>The 2,700 acre property in Santa Barbara, California, was bought by Jackson in 1988 at the height of his fame, a place where the pop legend was reputed to have found sanctuary and happiness away from the illness and controversy that plagued his adult life. [...] In 2008, heavily in debt, Jackson was forced to hand over ownership rights to Tom Barrack's Colony Capital and since then, as well as paying off $23million of unpaid debt, the company has coughed up $5million per year just in upkeep</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/103174960/international-elite-using-new-york-real-estate-to-stash-money International Elite Using New York Real Estate to Stash Money Nicholas Korody 2014-07-01T17:47:00-04:00 >2014-07-02T04:55:12-04:00 <img src="http://cdn.archinect.net/images/514x/zx/zxr16fb14rj0mspe.jpg" width="514" height="331" border="0" title="" alt="" /><em><p>According to data compiled by the firm PropertyShark, since 2008, roughly 30 percent of condo sales in large-scale Manhattan developments have been to purchasers who either listed an overseas address or bought through an entity like a limited-liability corporation, a tactic rarely employed by local homebuyers but favored by foreign investors [...] &ldquo;The global elite,&rdquo; says developer Michael Stern, &ldquo;is basically looking for a safe-deposit box.&rdquo;</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/102271187/new-details-on-tadao-ando-s-upcoming-residential-project-in-nyc-s-nolita New details on Tadao Ando's upcoming residential project in NYC's NoLIta Justine Testado 2014-06-19T21:12:00-04:00 >2014-07-16T16:58:26-04:00 <img src="http://cdn.archinect.net/images/514x/si/sinqydwznd7sqcaa.jpg" width="514" height="343" border="0" title="" alt="" /><p>The first renderings are out for <a href="http://archinect.com/firms/cover/99728/tadao-ando" rel="nofollow" target="_blank">Tadao Ando</a>'s first project in New York City, 152 Elizabeth Street, a 32,000 sq.ft "ultra-luxury" condominium building to be constructed at the corner of Kenmare and Elizabeth Street in NoLIta in Manhattan. New York-based luxury residential development firm Sumaida + Khurana commissioned the acclaimed Japanese master architect <a href="http://archinect.com/news/article/95126889/tadao-ando-to-design-first-residential-building-in-new-york" rel="nofollow" target="_blank">this past March</a>.</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/qz/qz7u2o7r0m907382.jpg"></p><p>152 Elizabeth Street will add to the changing state of the NoLIta neighborhood, whose moniker stands for "North of Little Italy." In recent years, the neighborhood's historically industrial character has become a trendy hotspot for real estate, boutiques, restaurants, and bars.</p><p>Based on Sumaida + Khurana's renderings, the building's design will include Ando's signature elements like poured-in-place concrete, galvanized steel, and an abundant use of glass. Michael Gabellini and Kimberly Sheppard of <a href="http://archinect.com/firms/cover/40804767/gabellini-sheppard-associates" rel="nofollow" target="_blank">Gabellini Sheppard Associates</a> will work on the interiors and serve as Architect of Record.</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/7s/7spe7o3xykzativi.jpg"><img title="" alt="" src="http://cdn.archinect.net/images/514x/3x/3xmhmxv2g76lme6x.jpg"></p><p>At 7 stories tall and capped...</p> http://archinect.com/news/article/100055323/now-on-auction-in-detroit-homes-starting-at-1-000 Now on auction in Detroit: Homes starting at $1,000 Alexander Walter 2014-05-19T13:57:00-04:00 >2014-05-19T15:48:58-04:00 <img src="http://cdn.archinect.net/images/514x/a7/a77b89e40d9df562e4a9b1adc2eac4b2.jpg" width="514" height="388" border="0" title="" alt="" /><em><p>No absentee landlords or faraway investors allowed. Only Michigan residents and businesses [...] The idea is to lure neighbors, not investors or opportunists (#NeighborsWanted is the city's hashtag for the program). And that does not include out-of-state urban homesteaders dreaming of cheap property in Detroit. Right now, the land bank is focusing on otherwise intact neighborhoods, as opposed to those parts of town where vacant parcels outnumber the residents who've stuck around.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html>