Archinect - News

Would you pay $760,000 for parking? World's most expensive spot sells for just that!

2018-06-22T14:33:00-04:00

Hong Kong is the world's most expensive real estate market, which helps explain why the world's most expensive parking spot just sold there for the equivalent of $760,000 USD. And no, despite the enormous price tag, the parking spot doesn't come with an apartment included, or anything particularly special for that matter.

The single parking space originally was bought for $430,000 USD in September 2017 and was handsomely resold for almost double that earlier this month. The lot is located on the first floor of a luxury residential development in the Kowloon district of Hong Kong, where apartments cost millions and millions. With only 370 spaces, in a complex of 527 units, this has led to a bidding war amongst its ultra-wealthy residents.

"The development is in a luxury residential area. The residents have a lot of cash and simply do not care about a few million dollars when a flat there costs about $12.7 million (HK$100 million)," Sandia Lau, a director at Centaline Property Agenc...

One Woman's Quest to Design Parking Lots People Don't Hate

2014-08-05T14:15:00-04:00

This automated garage is ideal for dense urban areas, says Yoka, vice president of program development at the International Parking Institute, based in Alexandria, Virginia. A Philadelphia-area native and self-described "super parking nerd," her niche is sustainable parking, something that many people, upon first hearing the phrase, assume is a contradiction. But for a building designed to house cars, says Yoka, The Lift at Juniper Street is surprisingly green.

Editor's Picks #331

2013-09-03T12:39:00-04:00

News
Blair Kamin, Chicago Tribune architecture critic tweeted "George Schipporeit, co-architect of Chicago's suavely-curving Lake Point Tower, once the world's tallest all-residential building, has died".

Donna Sink offered up her memories "I spent a summer living in that building. It's very lovely and graceful, though I like ‘suavely-curved’ much better as a descriptor! The views are unmatched, IMO, still. Breathtaking...Back then its only drawback was that it was very removed from the activity of the city. It was a bleak walk for several blocks to get back into the hustle of daily life in a city. These days it's surrounded by smaller scale housing, retail, and the much-improved Navy Pier, yes?"

thisisnotmyname answered "Somewhat. A few more adjacent sites need to fill in. Lake Point Tower is still one of the finest examples of residential high rise design in Chicago".

Over at the New Yorker Elizabeth Greenspan chatted with Daniel Libeskind and discussed the openin...

L.A. architecture school is poised to spread its wings

2012-12-26T01:33:00-05:00

Unlike more traditional colleges, SCI-Arc, as it is known, has no lawn or central quad to accommodate graduation ceremonies and other big events. The school uses the parking lot for such gatherings, but it lacks amenities and charm, despite remarkable views of downtown skyscrapers. Now an ambitious project is in the works to create what teachers and students believe will fill the need and become a landmark in a neighborhood that is morphing from gritty to artsy.