The latest explosion of Manhattan development has fully and passionately embraced the phenomenon of the global starchitect. [...]
As it turned out, the future would be pure real estate ... The future was the privatisation of the sky and a transfer from corporate power to individual wealth, the visual manifestation of the 0.1 per cent. It was a catwalk of anorexic skinnyscrapers by the equivalents of haute-couture designers ... global names with which to sell real estate. — ft.com
With real estate prices soaring so high and so quickly, a lot of us are questioning if we even want to live in New York anymore—not to mention if we can. According to NeighborhoodX‘s latest map the price paid for a Bed-Stuy or Harlem apartment could get you a pretty sweet pad in the South of France or even trendy Paris. — 6sqft.com
People caught running unlicensed apartments through websites will be offered the chance to have 80% of their fine canceled if they allow the city council to use the apartment as social accommodation for three years...When the three years are up the landlord [can] either pay off the fine through his or her own funds and reclaim possession of the apartment or continue offering the property as social accommodation until the council receives the equivalent of full payment of the fine. — Business Insider
More on Archinect:Airbnb now open for business in Cuba, despite anemic internet accessAirbnb rentals cut deep into San Francisco housing stock, report saysMonterey Park City Council adopts tougher penalties for landlords of illegal boarding homesAirbnb celebrates London's Deregulation Act with...
We all have a pretty good idea which NYC neighborhoods command top dollar, but this incredible 3D map from NeighborhoodX really puts things into perspective by pinning the city’s 325 neighborhoods against one another in a visually jarring side-by-side comparison. Among the most expensive? In Brooklyn... — 6sqft
More on New York real estate:The rise of communal living in New YorkThis $250M mega penthouse might become New York's priciest homeNew York & London ranked highest in 2015 Global Cities IndexNYC's public-housing woes
Americans living in rentals spent almost a third of their incomes on housing in the second quarter, the highest share in recent history. Rental affordability has steadily worsened, according to a new report from Zillow, which tracked data going back to 1979...While mortgages remain relatively affordable, landlords have been able to increase rents because demand for apartments remains strong. The U.S. homeownership rate fell to the lowest level in almost five decades in the second quarter. — Bloomberg
More on Archinect:Shipping container village crops up in Oakland, offering alternative to sky-high SF rents500 Square Feet and FallingPlay "Inside the rent", and become a virtual developer in NYCMonterey Park City Council adopts tougher penalties for landlords of illegal boarding homesL.A.'s...
Slapped in the face is exactly how many Venetians are feeling by the tidal wave of new money. And the local tech boom, prompting 'Silicon Beach' references around town, is just one source of it — The Washington Post
More on Archinect:The rise and spectacular fall of Venice Beach's Pacific Ocean ParkAre apps the virtual gateway to physical gentrification?Oren Safdie's play "False Solution" finishes up its 3-week run this weekend in Santa MonicaThose hipster millennials might not be the true gentrifiers of U.S...
The recent real-life sale of the character Jesse's house from the TV series "Breaking Bad" is a reminder of how many single-family properties have become cinematic icons (and how it's tricky for private residents to live in such public locales). Although the new owners of Jesse's house will...
[Apple Inc.] reached an agreement to rent about 76,000 square feet of office space in the South of Market neighborhood’s 235 Second St. [...]
the area has some of the highest monthly asking rents in the city at about $66 a square foot. [...]
Apple and Facebook have been notable holdouts as Silicon Valley giants like Google and Linkedin gradually expanded their footprints in San Francisco. — bizjournals.com
More news from Apple and San Francisco:Apple invites visitors to gaze at its 'spaceship' from new observation deckDrone footage shows the latest construction status of the Foster-designed Apple campusCan't find office space in San Francisco? Try the mall.Uber HQ headed to San Francisco's...
Las Vegas’s recovery, like America’s, seems to have to come to the wealthiest first. [...]
But Sin City’s recovery shows the enduring ability of America to make improbable ideas work. Some 2m people live in a glittering, sprawling city deep in the desert and hardly think that this is strange. And with its mix of tech-obsessed yuppies, ageing baby-boomer gamblers and thrusting Hispanics, its demography resembles America’s future. — economist.com
Related:Learning from Las Vegas: a look at the Strip through urban planning lensesWill Zappos turn downtown Las Vegas into the next Silicon Valley?70's Vegas underground home on the market for $1.7MSomething is happening in Vegas; but will it convince people to stay?
Commercial real estate brokers and building managers say sophisticated tenants specify so-called chilling capacity in their lease agreements so they are guaranteed cold cachet...There’s also the widely held misconception that colder temperatures make workers more alert and productive — NYT
To the amateur eye it can be puzzling, but with some education about its juxtaposition of traditional design against more complex forms, its status as a groundbreaking residential design becomes clear. — Realtor.com
Often, at least in America, we think of regular people as the agents of change—the artist, the boutique coffee shop owner, the tech startup. But as much as gentrification is an organic process, fueled by opportunity seekers and bargain hunters, it’s developers and financiers who have become the savvy midwives of change. Once they detect the early signs of gentrification, they bring on the serious money. — Quartz
More:"Eco-Gentrification," or the social ramifications of "urban greening"Revisiting Sharon Zukin's "Loft Living" and NYC gentrificationWith gentrification, the end of racial segregation moves into LA's Highland Park neighborhoodAmsterdam's "ugly" architecture from the 70s proves resilient against...
Vornado's super luxury tower at 220 Central Park South isn't even out of the ground yet, but billionaire buyers seemingly can't wait to stash their stacks of cash in the 950-foot-tall tower. The Real Deal hears rumblings that a Qatari investor is eyeing a monstrous spread that would cost around $250 million, making it easily the most expensive home in New York City. It would completely obliterate the current record, the $100 million sale at One57. — ny.curbed.com
Tadao Ando's first ever NYC building — the brutalist condo tower project 152 Elizabeth Street — is kicking into high gear with the release of new renderings, photos of the completed sales gallery, floorplans for the first residences coming on the market, the launch of a new website for the...
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’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. — nytimes.com
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