RFR plans to spend $250 million on Manhattan land purchases, up to $500 million on office building deals and $100 million to $150 million more on retailing properties — all before the end of the year. [...]
Perhaps the most under-the-radar purchase was 190 Bowery... Developers have been trying for years to buy the six-story Renaissance Revival structure, which appears abandoned, with blocked-off doorways, boarded-up windows and graffiti covering nearly all of the lower facade. — nytimes.com
Conditions that have been agreed are relentlessly renegotiated at reserved matters stage. Good architects are employed to win outline planning, then ditched for a cheaper alternative; high-quality materials are substituted for flimsy plastic panels – all in the name of viability. — the guardian
The song remains the same, and you know your favorite Pritzker Prize'rs are involved in them.It is usually the floodgate scheme; “Once an outline permission is granted, it makes it very difficult for us to refuse a scheme further down the line,” says one officer. In Stratford...
current conventional wisdom embraces density, sky-high scrapers, vastly expanded mass transit and ever-smaller apartments. It reflects a desire to create an ideal locale for hipsters and older, sophisticated urban dwellers. [...]
Overlooked, or even disdained, is what most middle-class residents of the metropolis actually want: home ownership, rapid access to employment throughout the metropolitan area, good schools and “human scale” neighborhoods. — washingtonpost.com
In recent years developers putting up a forest of residential towers have been accused of turning the Brooklyn and Queens waterfront into Miami-on-the-East-River. With his new plan for the 11-acre Domino Sugar refinery in Williamsburg officially unveiled on Sunday, Jed Walentas has crafted something that might better be described as Dubai-on-the-East-River. — Crain's
“With today’s groundbreaking, we’re taking a major step forward in the transformation and rebirth of the Far West Side of Manhattan,” Mayor Michael Bloomberg said from the podium at the corner of 33rd Street and Ninth Avenue. — New York Observer
Hudson Yards is not the only megadevelopnment underway on Manhattan's Far West Side. Brookfield Properties (owners of the World Financial Center, Canary Wharf and Zuccotti Park), broke ground on Manhattan West, a 5.4-million-square foot development on a 5 acre site over a set of Penn Station rail...
Though the panelists agreed that the foreclosure crisis will lead to major changes in suburban development, they all thought new patterns are less likely to be brought about by a revised American dream than by economic and demographic factors. And all said it would be very difficult to change zoning laws to permit denser new development patterns, especially in existing “inner-ring” suburbs. — archrecord.construction.com
Architects innovate through design, but developers also innovate by selecting architects and making decisions to invest in new neighborhoods or provide housing forms that they think other developers are neglecting. Although what developers do is not as obvious as architecture, that doesn’t mean there aren’t consequences to liming competition among them. — forbes.com
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