Los Angeles-based developer CIM Group has agreed to buy Tribune Tower for up to $240 million, marking the end of media ownership for the historic North Michigan Avenue building and the beginning of a new chapter, likely as part of a mixed-use redevelopment. [...]
Tribune Media unveiled conceptual plans last year to redevelop the parcel, adding several buildings to maximize the space with residential, retail and hotel components. — chicagotribune.com
A group of developers on the short list to buy Tribune Tower want to convert the Gothic Michigan Avenue landmark into condominiums, apartments and even a hotel [...]
The property also comes with something all developers love: land for new buildings. A buyer could build one or two more towers on the parking lot next door and on space created by demolishing some of the existing Tribune building that is not landmarked. [...] — Crain's Chicago Business
Nationwide, Airbnb lists about 173,000 units, equal to about 3.5% of the more than 5 million rooms rented out by traditional hotels — not enough to pose a serious threat to the hospitality industry, according to a study by CBRE's hotel research arm. [...]
The study goes on to say that Airbnb properties have started to pressure hotels to keep rates low in a handful of cities where home-sharing units are plentiful, including Los Angeles, San Francisco and [New York]. — latimes.com
More from the short-term rental market:Airbnb intentionally misconstrued data to "garner good press", according to new reportAirbnb draws ire with passive-aggressive adsIkea and Airbnb: a match made in globalized heaven?Airbnb to collect taxes in ParisAirbnb rentals cut deep into San Francisco...
Deborah Berke’s appointment last year as the first female dean of the Yale School of Architecture might have brought her into the limelight, but the architect and interior designer had already been getting attention for her work on 21c Museum Hotels, a small chain of boutique properties doubling as art galleries. [...]
In old buildings, you’re taking what you find and complementing that with the architecture and design of today. — nytimes.com
More Deborah Berke stories in the Archinect news:Deborah Berke named Dean of Yale School of Architecture, will succeed Robert A.M. Stern in 2016Deborah Berke's design for new Cummins distribution HQ is unveiledIt's Deborah Berke for downtown Naptown!New York Architect Deborah Berke Selected for...
Dubai’s iconic sail-shaped hotel, the Burj Al Arab Jumeirah, is about to undergo a dramatic expansion of its footprint with the addition of a huge deck extending out over the waters of the Gulf.
In what’s being called a “world first” in marine design and engineering, the so-called North Deck has been manufactured at a shipyard in Finland and is now undergoing an 8,000-nautical-mile journey by ship, in six sections. — globalconstructionreview.com
Related news stories on Archinect:Archinect speaks to designer of controversial Dubai Frame projectAfter massive Dubai skyscraper blaze, experts concerned about towers built before 2012 with 'highly flammable exterior cladding'Unchecked climate change will make the Gulf uninhabitable, claims new...
For those former guests and architectural buffs who lamented the demolition of the iconic Hotel Okura Tokyo, they can soon preserve a piece of it in their homes.
Hotel officials plan to sell on the Internet some of the furniture and fixtures used in the guest rooms and restaurants during the main building's 53-year history, with the proceeds going to charity. [...]
The 11-story main building, which opened in May 1962 [...], was called “a masterpiece of Japan’s modernism architecture.” — ajw.asahi.com
French architects [SCAU] are planning to build a 'water wheel hotel' on the banks of the Seine, which resembles the London Eye but with 'room capsules' that would rotate constantly. ...[However,] the wheel hotel is not intended to be a permanent structure. 'It is made of wood and it will only take four days to assemble or dismantle it, so it could be transported by barge and re-erected elsewhere on the river' [said Maxime Barbier of SCAU] — The Telegraph
More on Archinect:Movie-themed resort in Macau to show off "figure-8" ferris wheelTallest observation wheel in the Western Hemisphere expected to break ground in Staten Island soonUNStudio Designs Giant Observation Wheel ‘Nippon Moon’ for JapanArchitectural history in tiny Tokyo...
Dubai, the city of superlatives, is set to get a new tower on Sheikh Zayed Road that will have an artificial beach and a rainforest-like landscape development on top of the tower's podium. [...]
The project consists of two towers, 47 storeys high with a combined five-storey podium and two basement levels, that will house the facilities. [...]
Kieferle & Partner is the architect. — emirates247.com
A few images of the two-tower development via ZAS Group's website, the lead consultant on the project:Related on Archinect:First design of Burj 2020 unveiled, Dubai's shiny, new supertall tower by Adrian Smith + Gordon GillLuxury Anthropocene: Dubai gets its first private floating islandsRace to...
Tokyo’s venerable Hotel Okura is getting a remake, starting next week.
Over the course of the past 53 years since its opening on May 20, 1962, the Okura, located in Toranomon, has earned an unsurpassed reputation both at home and abroad as a luxury hotel to represent Japan.
The hotel said in a statement that it will maintain the Japanese traditional aesthetics and the basics of the architecture style of Hotel Okura. — japantoday.com
Previously on Archinect:As the Okura says sayonara, Tokyo doesn't seem to care muchFarewell to the Old OkuraAnd before the wrecking ball ends an era of Japanese 1960s Modernism to make way for the new, shiny, 41-story, $836M Okura Hotel, here a few more impressions of all its glory on the way...
For decades, tourists have been coming to Southern California's Coachella Valley, drawn by spectacular mountain vistas, great weather and lush landscapes.
Those landscapes have been, for the most part, man-made — an artificial oasis in a land of desert. [...]
As California enters a fourth year of drought and state and local water officials unveil a series of conservation dictates, at least some hotels in the valley — big and small — have begun launching water conservation measures. — USA Today
The Hotel Okura, built in 1962 in time for the 1964 Olympics, is slated to be torn down in September to make way for a bigger, fancier Okura, in time for the 2020 Olympics. (The less-good, less-famous southern wing of the old Okura, added in 1973, will be allowed to stay.) [...]
There will never be this particular hush again in the middle of Tokyo. You will have to have been there to know what you will soon miss. — nytimes.com
Axel Bering and Michael Jacobi, the main investors behind the Prora project, claim they could not care less about a building once being dedicated to Hitler. [...]
He and his partner, Michael Jacobi, both confess that because they had to comply with German regulations, their investment carries some Third Reich architecture qualities. They did, however, add a balcony, but otherwise they see Prora as a nice beach town and a solid investment. — thedailybeast.com
Abraj Kudai is to become the world's largest hotel located in Makkah, Saudi Arabia and upon completion, will offer 10,000 rooms in 12 separate towers. [...]
The Saudi Binladin Group holds the main construction contract, and work on the $3.5 billion hospitality project has already started. [...]
The architecture is set to create an iconic landmark that will reflect a contemporary interpretation of a traditional desert fortress. — constructionweekonline.com
After years of delays, Amsterdam RAI is getting its own hotel and with its 650 rooms, Nhow RAI will win the title of largest hotel in the Netherlands. The design of the building was chosen from eleven candidates and is designed by Rem Koolhaas from well-known Rotterdam architecture firm OMA. [...]
Among the features will be a virtual 3D holographic meeting space for having “in person” meetings with the holographs of people in another location. — nltimes.nl
[JetBlue Airways] reportedly wants to get into the hotel business by partnering with New York-based hotel developer MCR Development to turn the landmarked terminal into a 500-room hotel. The deal isn't final—the parties are in 'advanced negotiations'—so things could still fall apart...The Port Authority previously chose hotelier Andre Balazs as the developer, but Balazs backed out after realizing how long the project would take. He told the [WSJ] his company had 'more interesting opportunities.' — ny.curbed.com
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