A 1960 Frank Lloyd Wright home near Minneapolis is now for sale
Over the past couple days, there’s been a string of iconic modernist homes put on the market. Now, a pretty incredible Frank Lloyd Wright is for sale. 2206 Parklands Lane, close to downtown Minneapolis, is a 3-bedroom, 2-bath home built in 1960. It’s made primarily of brick, stone and wood and... View full entry
Eisenman's iconic 'House II' is now on the market for $850K
Built in 1970, ‘House II’ by Peter Eisenman is a major icon of structuralist architecture—and it’s now on the market for $850K. One of ten experimental houses Eisenman designed, only four of which were built, House II is heavily influenced by the work of Noam Chomsky. The house comprises... View full entry
Developing flexible parking garages for a rideshare-dependent LA
The strategy reflects a consensus among some developers and planners that California’s vaunted car culture is inevitably going to run out of gas...[Andy] Cohen, co-chief executive of Gensler, predicts car ownership will peak around 2020 and then start to decline, with more Americans relying on some form of ride-sharing than their own vehicles by 2025. That means cars gradually would disappear from home garages, curbs and parking structures, freeing up acre upon acre of real estate for new uses.
— Los Angeles Times
Some developers are already planning for a not-so-far-off future Los Angeles where more people primarily rely on ridesharing (including from autonomous vehicles) than driving their own car, particularly in the form of parking garages that can be redesigned for other uses like commercial spaces or... View full entry
The Booth House, Philip Johnson's first constructed commission, now up for sale
Built in 1946 in Bedford, New York, the 1450 sq. ft. Booth House was Philip Johnson’s first constructed commission. In 1955, photographer Robert Damora and his wife, the architect Sirkka Damora, moved in, intending for it to serve as temporary housing until they could build a home of their own... View full entry
Jose Oubrerie's legendary and innovative Miller House on the market for $550K
According to a listing on Zillow, Jose Oubrerie's visually complex, materially innovative Miller House is now on the market for $550,000. Each room is a study in unusual and exactingly executed detail; cabinets transition seamlessly into L-shaped shelving, while doors become hosts for... View full entry
1970s Frank Lloyd Wright Fallingwater lookalike asks $3.5M in Greenwich, CT
This remarkable custom-built, privately commissioned modern house with its cantilevered design, walls of windows, hand-cut Tennessee limestone walls, rock gardens and rooftop terraces can actually be yours, right now, for $3.5 million.
It's safe to say local architect Dimitri Bulazel was inspired by Frank Lloyd Wright's iconic Fallingwater house when designing this Greenwich, Connecticut home in the 1970s.Like Wright's 1935 architectural masterpiece, it has a cantilevered design set in the woods and incorporates aspects of the... View full entry
Frank Lloyd Wright’s ‘Tirranna’ home in New Canaan, CT for sale
For the first time in 20 years, Frank Lloyd Wright‘s “Tirranna” home in New Canaan, CT is on the market. The home was built just before his death on a 15-acre wooded estate, has been listed for $8M by the estate of its long-time owner, the late memorabilia mogul and philanthropist Ted Stanley. Though renovated, the horse-shaped home maintains its original architectural integrity.
The luxury apartment boom is about to come to a screeching halt
The Wall Street Journal reports that the seven-year long boom in luxury apartment development is about to fizzle out. Since early 2010, U.S. apartment rents have risen more than 26%—a pace much faster than either inflation or income growth. This pattern began to slow last year, when rents rose... View full entry
Buy Assemble's Yardhouse studio for just £150,000
Last year, they won the Turner Prize—the first architects to snag the coveted art prize. Now, you can own a piece of art-architecture history by buying Assemble’s Yardhouse, the structure that formerly sheltered their workspace in east London. And it costs just £150,000 (not including... View full entry
Housing must be considered a human right, not a commodity
Housing must now be recognised as a human right, no different than the right to vote or express yourself freely. This means understanding that housing cannot be viewed first and foremost as an economic driver or a commodity to add to an investment portfolio; that forced eviction is not development; that land has more than monetary value; and that the private market must be regulated.
— the Guardian
It also means housing homeless people rather than making them criminals for trying to stay alive, and it means recognising that everyone has the right to live in the city regardless of socio-economic status.Many of the world's major cities are gripped with housing crises. For more on this... View full entry
Could property ownership be automated?
What’s extraordinary about a smart contract is that it gives blockchain the power to not only record property rights but enforce them. Once deployed, a dozen lines of computer code can fulfill the same role as the county records office, the courts and the police. You can have “the function of a trusted bureaucracy without the expense of putting together a trusted bureaucracy”, Waldman explains.
— the Guardian
The homeowner posts a price for the rental. The renter sends the money through her smartphone. Inside the front door is a very small computer connected to the internet. The computer knows when the renter is allowed to enter and unlocks the door for her when she pushes a button on her phone.Smart... View full entry
As conflict wages in Syria, Turkey's Erdogan eyes future real-estate prospects
Turkey’s president looks at northern Syria and sees what others don’t: a massive real estate project.
Recep Tayyip Erdogan, whose army is attempting to clear 5,000 square kilometers in northern Syria of Islamic State, talks about building entire cities when his soldiers’ work is done. In regular addresses, he describes a future in which refugees return home to Turkish-built apartment blocks supplemented by Turkish-built schools and social facilities.
That may be the only way to get some of the nearly 3 million Syrians in Turkey to return home and begin reconstructing their country, he says.For more on the Syrian conflict, check out past coverage:A well, a windmill, a mirror: Sigil's real and symbolic interventions in SyriaWater Wars: the... View full entry
Is Vancouver's 15% tax on overseas buyers helping to cool the housing market?
There is a city which is suffering a worse property bubble than Sydney, whose residents are more priced-out than Londoners, and where there is a greater divide between the housing haves and have-nots than even San Francisco.
That city is Vancouver, and in response to these mounting challenges, the west-coast Canadian metropolis recently imposed an extraordinary new tax on foreign buyers – whose impact is now being watched closely by other cities grappling with bloated property markets.
Related stories in the Archinect news:Mayor of London launches probe into the impact of foreign investment in city's real estateAnother case of "poor door" for proposed Vancouver high-riseCan Vancouver break out of its 'boring-architecture' mold with these new ambitious skyscraper View full entry
Mayor of London launches probe into the impact of foreign investment in city's real estate
London mayor Sadiq Khan is to launch the UK’s most comprehensive inquiry into the impact of foreign investment flooding London’s housing market, amid growing fears about the scale of gentrification and spiralling housing costs in the capital.
Khan said there are “real concerns” about the surge in the number of homes being bought by overseas investors, adding that the inquiry would map the scale of the problem for the first time.
— the Guardian
In related news:As a new class of super rich investors displace the traditional elite, average Londoners are pushed further and further outside the city limitsOvercrowding on London's canalsTo live in London you can't be a LondonerLondon fails to achieve any targets for affordable housing View full entry
American home sales drop unexpectedly in August
U.S. home resales unexpectedly fell in August, crimped by a shortage of inventory that is boosting home prices faster than the pace of wage growth.
The National Association of Realtors said on Thursday existing home sales declined 0.9 percent to an annual rate of 5.33 million units.
Economists polled by Reuters had forecast sales rising 1.1 percent in August to a 5.45 million-unit pace.
July's sales pace was also revised lower to 5.38 million units from the previously reported 5.39 million units. However, despite sales being at their second-lowest pace of the year, home resales were still up 0.8 percent from one year ago.For more on the current state of the housing market in... View full entry