According to the Knight Frank Wealth Report, released on Wednesday, the population of multimillionaires in major cities around the world now changes radically from month to month...The American rich, he says, are moving from second-home ownership to more of a hub-and-spoke model. — NYT
NBBJ calls the concept No-Shadow Tower, though it would be more accurate to call it the Smaller-Shadow-From-One-of-Two-Towers, since it depends on a pair of buildings separated by an open space. For that reason, the technique is an awkward fit for New York — NY Magazine
Every time we build something, we manipulate the conditions of people’s lives, but most planners don’t know enough about this manipulation...I have worked very hard to find out what the life is that goes on inside our buildings and how our buildings influence that life...Because if you just do form, then you are doing sculpture, but if you look after the interaction between life and form, you are doing architecture. — Metropolis
With a $35,000 grant from the Knight Prototype Fund, [MITs Elizabeth Christoforetti] and her team are working on a project called Placelet, which will track how pedestrians move through a particular space. They’re developing a network of sensors that will track the scale and speed of pedestrians [and vehicles] over long periods of time. The sensors, [currently being tested in downtown Boston], will also track the 'sensory experience' by recording the noise level and air quality of that space. — CityLab
After the dramatic decline in concentrated poverty between 1990 and 2000, there was a sense that cities were “back,” and that the era of urban decay—marked by riots, violent crime, and abandonment—was drawing to a close. Unfortunately, despite the relative lack of public notice or awareness, poverty has re-concentrated. — Paul Jargowsky for The Century Foundation
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
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 truth is that Los Angeles, once a pioneer in defining the freeway’s place in urban life, has fallen behind other cities. From Dallas to Paris to Seoul, the most innovative ideas about freeways and how they can be redesigned are coming from places far from Southern California. It’s time for L.A. to catch up... — Los Angeles Times
Many [university presses] have a storied history of amplifying voices that were long ignored...The litany is endless, underscoring the audacity of university presses in believing that every city deserves the best ideas possible. We need that. As we make choices about our modern cities, as policymakers, advocates or citizens, we need these books to ground our vision, to help us imagine what is possible. And that’s why the tenuous future of university presses is so alarming. — nextcity.org
When Loft Living was first published, artists’ laments about real estate in New York City mirrored the concerns that have plagued residents for much of the last century. Namely, it’s tough to find a suitable and affordable place to live. Since the late ’80s, the tenor of that complaint has shifted from one of anxiety to one of fear... — Guernica
For as long as digital technology continues to creep into every part of our daily lives, so will the discussion regarding its impact on everyday reality. Over at London's Hayward Gallery, the MIRRORCITY exhibition features the multimedia works of London-based emerging and established artists that address the dilemmas, consequences, and experiences of living in the digital revolution. MIRRORCITY will be at the Hayward Gallery until January 4, 2015. — bustler.net
A new development, 42 Crosby Street, is pushing the limits of New York City real estate to new heights with 10 underground parking spots that will cost more per square foot than the apartments being sold upstairs.
At $250,000 a tire, the parking spaces in the underground garage cost more than four times the national median sales price for a home, which is $217,800, according to Zillow. — New York Times
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