Archinect - News 2016-05-30T16:30:14-04:00 The self-segregation of America's wealthiest class Nicholas Korody 2016-05-12T13:16:00-04:00 >2016-05-12T23:45:01-04:00 <img src="" width="514" height="214" border="0" title="" alt="" /><em><p>For years now, people have been talking about the insulated world of the top 1 percent of Americans, but the top 20 percent of the income distribution is also steadily separating itself &mdash; by geography and by education as well as by income. This self-segregation of a privileged fifth of the population is changing the American social order and the American political system, creating a self-perpetuating class at the top, which is ever more difficult to break into.</p></em><br /><br /><p><em>"Geographic segregation dovetails with the growing economic spread between the top 20 percent and the bottom 80 percent: The top quintile is, in effect, disengaging from everyone with lower incomes."</em></p><p>In related news:</p><ul><li><a href="" rel="nofollow" target="_blank">Urban fingerprints reveal a city's fundamental character and composition</a></li><li><a href="" rel="nofollow" target="_blank">Buying homes by &ldquo;the four-pack&rdquo;</a></li><li><a href="" rel="nofollow" target="_blank">The hedge fundification of American universities</a></li><li><a href="" rel="nofollow" target="_blank">Michael Kimmelman on the state of affordable housing in NYC</a></li></ul> Hudson Yards could generate nearly $19B for New York City, study claims Alexander Walter 2016-05-04T17:53:00-04:00 >2016-05-06T20:23:01-04:00 <img src="" width="514" height="279" border="0" title="" alt="" /><em><p>A study commissioned by the developer indicated that total economic output of the companies projected to occupy Hudson Yards will contribute $18.9 billion to the city's gross domestic product. [...] Many projections in the report are also contingent on a host of economic indicators in the city, including demand for Class A office space. Out of the 10.4 million square feet Related will have to lease up, so far it has locked in commitments from tenants for 4 million square feet.</p></em><br /><br /><p>The Hudson Yards project previously in the Archinect news:</p><ul><li><a href="" rel="nofollow" target="_blank">Welcome to the Hudson Yards, c. 2019: the world's most ambitious "smart city" experiment</a></li><li><a href="" rel="nofollow" target="_blank">BIG's concept for a spiraling-landscape tower in NYC's Hudson Yards</a></li><li><a href="" rel="nofollow" target="_blank">A Plan to Build Skyscrapers That Barely Touch the Ground</a></li></ul> California pledges to pick up (some of the) cost overruns of LA 2024 Olympic bid Alexander Walter 2016-04-14T18:19:00-04:00 >2016-04-14T18:21:28-04:00 <img src="" width="400" height="807" border="0" title="" alt="" /><em><p>The Associated Press reports a California legislative panel advanced a bill Tuesday committing the state to cover up to $250 million in cost overruns as part of Los Angeles&rsquo; bid for the 2024 Summer Olympics. The Senate Governmental Organization Committee approved the bill in a 7-0 vote after proponents said they&rsquo;re confident they can provide the Games without the serious deficits that have challenged other recent host cities. They pointed to Los Angeles&rsquo; profitable hosting of the 1984 Olympics.</p></em><br /><br /><p>Previously in the Archinect news:</p><ul><li><a href="" rel="nofollow" target="_blank">LA 2024 plays up a sunny disposition in their logo for the Olympic bid</a></li><li><a href="" rel="nofollow" target="_blank">L.A. seeks to accelerate infrastructure projects in advance of potential Olympics</a></li><li><a href="" rel="nofollow" target="_blank">LA mayor Garcetti confident that 2024 Olympics in his city would pay for themselves</a></li></ul> $26M shortfall of Milan Expo U.S. Pavilion calls for change in funding process Justine Testado 2016-03-18T14:51:00-04:00 >2016-03-18T15:25:42-04:00 <img src="" width="514" height="343" border="0" title="" alt="" /><em><p>Since the 1990s, the U.S. State Department has been barred from spending public funds on world expo pavilions. The result has been a series of disasters...Last year, the U.S. made a strong showing at the Milan Expo...But now comes a denouement that may cripple chances of there ever being a successful U.S. pavilion again: the architect, the exhibition designer, and the contractor have been paid only a fraction of what they are owed for work on the pavilion.</p></em><br /><br /><p>"According to sources who participated in a recent conference call between the [Friends of the USA Pavilion Milan 2015]&nbsp;group and the creditors [which includes Biber Architects and Thinc Design], there was discussion about whether federal departments other than State, such as the Department of Agriculture, could make up the shortfall. Another conference call is scheduled for March 24."</p><p>Previous coverage about this project on Archinect:</p><p><a href="" rel="nofollow" target="_blank">Hot Dogs Around the World: James Biber, architect of US Pavilion "American Food 2.0" at EXPO Milan, joins us for Episode #31 of Archinect Sessions</a></p><p><a href="" rel="nofollow" target="_blank">The now-open Milan Expo U.S. pavilion salutes to the future of food, the American way</a></p><p><a href="" rel="nofollow" target="_blank">Identity Parade: The USA Pavilion and its Neighbors at Expo Milano 2015</a></p><p><a href="" rel="nofollow" target="_blank">Thinc Design's USA Pavilion exhibition presents America's role in the future of food for Milan Expo 2015</a></p> The hedge fundification of American universities Nicholas Korody 2016-03-11T14:27:00-05:00 >2016-03-17T01:59:55-04:00 <img src="" width="514" height="386" border="0" title="" alt="" /><em><p>Have you heard the latest wisecrack about Harvard? People are calling it a hedge fund with a university attached [...] Though the exact figure is hard to determine, experts I consulted estimate that over $100 billion of educational endowment money nationwide is invested in hedge funds, costing them approximately $2.5 billion in fees in 2015 alone. The problems with hedge funds managing college endowments are manifold, going well beyond the exorbitant...fees they charge for their services.</p></em><br /><br /><p><em>"The time has come for students to connect the dots between ballooning student debt, the poor treatment of campus workers, and the obscene wealth of hedge fund oligarchs."</em></p><p>A rallying cry for a divestment movement to oppose hedge funds and their involvement with academia, the article discusses the relatively new relationship between universities and high risk investing. Not only are money managers &ndash; and often university trustees &ndash; making off with obscene profits, the finance industry has actively lobbied against policies "designed to curb inequality."</p><p>For more on the implications and ramifications of academia's historically-unprecedented flirtations with finance, check out these links:</p><ul><li><a href="" rel="nofollow" target="_blank">Reinier de Graaf: "The western architectural ivory tower has become a theatre of the absurd"</a></li><li><a href="" rel="nofollow" target="_blank">Can the new College Ratings System help improve architectural education?</a></li><li><a href="" rel="nofollow" target="_blank">Student loan default rates don't tell the whole story</a></li><li><a href="" rel="nofollow" target="_blank">The State of Debt and the Price of Architecture</a></li><li><a href="" rel="nofollow" target="_blank">The State of Debt and the Price of Archite...</a></li></ul> Open Call for Submissions: Architectural Survival Amelia Taylor-Hochberg 2016-03-01T19:29:00-05:00 >2016-03-15T23:17:19-04:00 <img src="" width="514" height="318" border="0" title="" alt="" /><p>Even more than the laws of physics and building codes, money rules everything in architecture. The architect is the canary in the recession's coal mine; skyscrapers and starchitectural gems stand as allegories for wealth; descriptors like "quality" and "affordable" at times seem mutually exclusive.&nbsp;But whatever the economic reality, there are always stories of architects that manage to make things work.</p><p>As Archinect turns to issues of Money in architecture this month, we want to hear your stories of how architects can survive, and thrive, when money is tight &ndash; how to make more, from less.</p><p><strong>&#12299;Editorial Submissions: <em>Stories from the Recession</em></strong><br>What sustained, or broke, you? What advice do you have for weathering the next recession? How did your practice change?&nbsp;Stories can be from the perspective of firms, individual architects, recent grads or nervous students during the latest recession.</p><p><strong>&#12299;Project Submissions: <em>Tightly-Budgeted Work</em></strong><br>Show off your small-budget built projects that didn&rsquo;t compro...</p> How NYC institutions raise billions of dollars for new projects Nam Henderson 2015-10-26T12:06:00-04:00 >2015-10-26T12:06:32-04:00 <img src="" width="514" height="457" border="0" title="" alt="" /><em><p>But still strong is the seduction of the Bilbao Effect &mdash; when an architecturally exciting project makes an institution more of a destination, like Frank Gehry&rsquo;s Guggenheim in Spain. And with the success of the new Whitney Museum of American Art, which is drawing droves downtown, everyone seems to be grabbing for hammers</p></em><br /><br /><p>Robin Pogrebin&nbsp;explores how with more than a dozen New York cultural institutions planning major projects, fundraisers are hoping to tap into the deepest pockets. Strategies include selling naming rights, targeting&nbsp;heavyweights donors, remembering certain 'Dos and Don&rsquo;ts' and expanding boards to increase the pool of donors.</p><p>All that being said, perhaps these organizations would be wise to remember the 2012 results of <a href="" rel="nofollow" target="_blank">Set in Stone</a>,&nbsp;from&nbsp;The Cultural Policy Center at the University of Chicago. The authors found that "<em>It found that in many instances, building new or expanding existing facilities proved challenging and put enormous strain on institutions</em>" or as the NYT summarized <a href="" rel="nofollow" target="_blank">For Arts Institutions, Thinking Big Can Be Suicidal</a>.</p> New York's Megatowers: Nothing but 'Vertical Money'? Alexander Walter 2015-03-19T12:45:00-04:00 >2015-03-23T23:00:13-04:00 <img src="" width="250" height="486" border="0" title="" alt="" /><em><p>Among this new breed of towers, design elements not directly tied to profit are often downgraded or eliminated as overall costs climb. [...] With today&rsquo;s mathematically generated super-spires, it&rsquo;s best to paraphrase Mae West: &ldquo;Architecture has nothing to do with it.&rdquo; [...] much as the new super-tall New York condos may serve that same general purpose, these are no works of art. If, as Goethe posited, architecture is frozen music, then these buildings are vertical money.</p></em><br /><br /><p>Related: <a href="" rel="nofollow" target="_blank">Too Rich, Too Thin, Too Tall?</a></p> Let's talk about money in architecture Alexander Walter 2015-02-25T13:00:00-05:00 >2015-02-26T22:31:21-05:00 <img src="" width="480" height="640" border="0" title="" alt="" /><em><p>Although money is often seen as a taboo topic in art schools, a group of Yale alumni is urging professional architects to place more value on the relationship between money and architecture. The Yale Architectural Journal&rsquo;s latest edition, titled &ldquo;Money,&rdquo; discusses the controversial role of money in the field of architecture. [...] ranging from Frank Gehry to Yale School of Architecture Professor Keller Easterling, the issue urges architects to reconsider the financial side of their work.</p></em><br /><br /><p>More about&nbsp;<em>Perspecta 47: Money</em> <a href="" rel="nofollow" target="_blank">here</a>.</p> What financial crisis? Museums across the U.S. benefit from the "greatest intergenerational wealth transfer in history" Alexander Walter 2015-02-19T13:46:00-05:00 >2015-02-26T17:30:07-05:00 <img src="" width="514" height="309" border="0" title="" alt="" /><em><p>Cultural giving among America&rsquo;s top philanthropists fell slightly in 2014, according to an annual ranking of the 50 largest charitable donors released last week by the Chronicle of Philanthropy. This news might come as a surprise to US museum directors, who have been swiftly&mdash;and quietly&mdash;raising eight-, nine-, and ten-figure donations from eager patrons. Their ambitious capital campaigns make the austerity measures of the recent recession feel like a distant memory.</p></em><br /><br /><p>Related:&nbsp;<a href="" rel="nofollow" target="_blank">Who pays for the new private museums after the death of their aging founders?</a></p> Who pays for the new private museums after the death of their aging founders? Alexander Walter 2015-01-08T15:16:00-05:00 >2015-01-14T21:19:49-05:00 <img src="" width="514" height="392" border="0" title="" alt="" /><em><p>From the opening of the Fondation Louis Vuitton in Paris in October to the construction of The Broad in Los Angeles now set to open this autumn, the model of the single-donor museum is thriving. [...] what will happen to these new institutions on the death of the founder or the decline in their collecting activity. [...] To what extent have these museum founders made plans to ensure the vitality and flexibility of their prized institutions beyond their own lifetimes?</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> <html><head><meta></head></html> Emperor's New Clothes: Money Lacking for Facade of Berlin's New Palace Alexander Walter 2014-11-24T18:24:00-05:00 >2014-11-27T14:27:46-05:00 <img src="" width="514" height="342" border="0" title="" alt="" /><em><p>The plans call for nothing less than the rebirth of the Prussian-era heart of Berlin. A new palace is currently under construction on the German capital's famous Museum Island to replace the Berlin City Palace, or Stadtschloss, the erstwhile residence of Prussian kings and German emperors that was demolished by the communists soon after the end of World War II. [...] But completion of the exterior may be in doubt.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> <html><head><meta></head></html> LA's Aging Infrastructure Will Cost the City Billions Nicholas Korody 2014-08-12T14:27:00-04:00 >2014-08-15T00:17:19-04:00 <img src="" width="514" height="338" border="0" title="" alt="" /><em><p>From buckling sidewalks to potholed thoroughfares to storm drains that can&rsquo;t handle a little rain, the infrastructure that holds [Los Angeles] together is suffering from years of deferred maintenance. Bringing pipes that deliver water to 3.9 million people up to snuff could cost $4 billion [...] The bill for repaving streets will be almost that much, according to estimates from a city consultant, and patching or replacing cracked sidewalks will require $640 million.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> <html><head><meta></head></html> Mini-robots may outcompete 3D printing in the evolution of construction Amelia Taylor-Hochberg 2014-06-19T14:59:00-04:00 >2014-06-24T17:52:15-04:00 <img src="" width="514" height="343" border="0" title="" alt="" /><em><p>A team of researchers from Institute for Advanced Architecture of Catalonia are working on another solution: A swarm of tiny robots that could cover the construction site of the future, quickly and cheaply building greener buildings of any size. [...] "The robots can work simultaneously while performing different tasks, and having a fixed size they can create objects of virtually any scale, as far as material properties permit&rdquo;</p></em><br /><br /><p>Check out the Minibuilders in action below:</p><p></p> Fast, cheap and... accredited? "Competency-based" higher-ed Amelia Taylor-Hochberg 2013-10-29T21:11:00-04:00 >2013-11-04T23:10:02-05:00 <img src="" width="514" height="403" border="0" title="" alt="" /><em><p>What if you could earn a degree as quickly or slowly as you can learn, regardless of whether you plodded through 80 hours in a classroom lecture? That could be the next wave of higher education, as schools come under more pressure to cut costs while proving the value of expensive degrees and competing with the growing number of high-quality free online courses. Call it the decoupling of instruction and testing.</p></em><br /><br /><p> "Competency-based education" is the radical new initiative where students pay institutions (pending admittance) a flat, per-semester rate to attend whichever college courses they like. Degrees are awarded when a student passes a "competency" test, regardless of how many units they took or how well they performed in class.&nbsp;</p> <p> The University of Wisconsin, one of several institutions to develop this type of educational format, is set to launch its highly scrutinized "<a href="" rel="nofollow" target="_blank">Flex-Option</a>" pilot program this November. The program targets adults who have yet to acquire a bachelor degree, which could mean drastically altering the demographics of higher education, as well as grade-based degree systems. The model could also help turn the process of school-degree-job on its head, as students can overstep course-requirements by using work experience to pass department tests.</p> <p> The experimental option only extends to a few bachelor programs, but will certainly expand if successful. Should this apply ...</p> Rich X Rich Orhan Ayyüce 2012-10-30T00:09:00-04:00 >2012-11-05T19:51:18-05:00 <p> Double happiness by Zaha Hadid and Philippe Starck&nbsp;.</p> <p> A house for Russian billionaire and his gf Naomi Campbell. And a Steve Job design directed yacht called Venus.&nbsp;</p> <p> Architects +&nbsp;Architecture + the power of money.</p> <p> <img alt="" src="" title=""></p> <p> <em>"Taking over the galaxy? Naomi Campbell's Russian billionaire boyfriend builds her a house that looks like a spaceship by Zaha Hadid</em><em>, who&nbsp;specializes&nbsp;in ecostyle buildings and was also the brains behind famous buildings including the opera house in Guangzhou and the Olympics Aquatics Center in London."</em><em>&nbsp;&nbsp;</em><a href="" rel="nofollow" target="_blank">The Mail</a></p> <p> <img alt="" src="" title=""></p> <p> <em>&ldquo;I know that it&rsquo;s possible I will die and leave Laurene with a half-built boat. But I have to keep going on it. If I don&rsquo;t, it&rsquo;s an admission that I&rsquo;m about to die.&rdquo; </em><a href="" rel="nofollow" target="_blank">Mashable</a></p> A Prefab, Short on the Fab Archinect 2012-04-19T15:52:00-04:00 >2012-04-25T10:07:29-04:00 <img src="" width="514" height="308" border="0" title="" alt="" /><em><p>Affordability, along with a minimalist aesthetic, were the reasons she decided on a prefab house &mdash; points on which Mr. Buryk, who had years before remodeled a 100-year-old house in Portland, Ore., wholeheartedly agreed. &ldquo;I, similar to Zoe, was coming from a place of not wanting to do that again,&rdquo; he said. But it wasn&rsquo;t quite as affordable as they had hoped. The house cost $260,000 to build, from start to finish (the kit itself was $47,000) &mdash; nearly $100,000 more than they&rsquo;d expected.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> <html><head><meta></head></html> A house built from more than a billion euros Nam Henderson 2012-02-01T11:51:00-05:00 >2012-02-05T16:18:46-05:00 <img src="" width="514" height="289" border="0" title="" alt="" /><em><p>The house is constructed from sheets of plywood and frames donated by a local DIY shop. The outside walls are built from stacked bricks while inside, the shredded euros are used to plaster the walls and carpet the floor. It has a double glazed window, a high security front door and a toilet.</p></em><br /><br /><p> Artist Frank Buckley decided to express his anger about the property boom and bust by building a house from more than a billion euros of decommissioned notes.</p> Zaha Hadid makes rich list for first time Paul Petrunia 2011-05-10T16:05:55-04:00 >2011-11-24T09:05:52-05:00 <img src="" width="514" height="342" border="0" title="" alt="" /><em><p>Zaha Hadid has made the Sunday Times Rich List for the first time, with her personal wealth estimated at &pound;37 million. Hadid features in the extended list of the UK&rsquo;s 2,000 wealthiest people, due to be published in full later this month. The threshold for entering the top 1000 is &pound;70 million.</p></em><br /><br /><p> Previously discussed: <a href="" rel="nofollow" target="_blank">Zaha Hadid to make 100 staff redundant</a></p>