Main Street Renewal is an arm of Amherst Holdings, a real estate investing firm with $20 billion under management. It owns or manages some 16,000 single-family homes, scattered across the Midwest and the Sunbelt. That portfolio makes Amherst one of the biggest, fastest-growing players in institutionally owned rental homes, a $45 billion subsector of the real estate industry that barely existed before the Great Recession. — Fortune
Shawn Tully profiles Amherst Holdings and it's CEO Sean Dobson a "Texan data savant", who plans to use "digitally driven bargain hunting" and "Economies of scale" to "get to 1 million homes in the next 15 years or so." View full entry
After the discovery of inhumane living conditions at a south Texas temporary detention facility made headlines last week, the United States Department of Customs and Border Patrol (CBP) has moved to relocate upwards of 300 detained migrant children to other sites. The Associated Press reported... View full entry
The Palm Jumeirah has been Dubai’s most enduring work in progress for two decades.
Now developer Nakheel is adding the finishing touches.
Several major additions to the world’s biggest man-made island are approaching completion as it transitions from a near-perpetual construction site to a near-finished community—with hundreds of shops and restaurants set to open in the year ahead.
— Mansion Global
"Among the latest additions are a shopping mall and a tower that will form the centerpiece of the island, located close to the site originally earmarked for a 48-story Trump Tower," reports Mansion Global. Palm Jumeirah in 2012. Photo: Richard Schneider/Wikipedia.Meanwhile next door, the... View full entry
Contrary to plans previously announced by the Academy of Motion Picture Arts and Sciences, the Academy Museum of Motion Pictures will not open in 2019, or any time prior to the 92nd Oscars on Feb. 9, 2020.
The $388 million project on the site of the old May Co. department store on the Miracle Mile, which was first announced in 2012, was initially slated to cost $250 million and open in 2017, but it has been delayed several times now.
— The Hollywood Reporter
Rendering of the completed Academy Museum. Image: © Renzo Piano Building Workshop/ © A.M.P.A.S./ Images from L’Autre ImageThe Hollywood Reporter published a statement released by the museum last week: "The Academy Museum's intention is to create a unique and unparalleled museum experience... View full entry
General Electric Co said on Friday it plans to demolish a large power plant it owns in California this year after only one-third of its useful life because the plant is no longer economically viable in a state where wind and solar supply a growing share of inexpensive electricity. — reuters.com
GE's Inland Empire Energy Center, a 750-megawatt natural gas-fueled plant located in Riverside County, California, built in 2009 is shutting down 20 years early. The culprit? Affordable wind and solar energy, which are surging in California, and outdated technology. On most days, California... View full entry
Technically, the sand wasn’t intended for public use. But Manhattan is not your usual island, and beaches are whatever Manhattanites say they are: sidewalks, tar-paper roofs, the hoods of cars or, in this case, acres and acres of landfill. — The New York TImes
Though Manhattan skyline has been the focus of countless photographs, movies and television shows, there are still images out there that can defy expectations. For a brief period, between the late 1960's and the 1980's, the lower West end of Manhattan (known as Battery Park City) was an "ersatz... View full entry
Copenhagen is the rare city that can have an amusement park at its center, complete with anatopic pagodas, paper mâché mountains and wooden rollercoasters, and still be known as a world class destination for tasteful architecture and design. Tivoli Gardens has seen the city modernize around it... View full entry
American attorneys famous for claims in construction disasters have launched a landmark wrongful death lawsuit in Philadelphia against three US companies on behalf of 69 of the 72 people killed in the 2017 Grenfell Tower fire in London, and 177 who were injured in the tragedy. — Global Construction Review
"They are targeting Arconic, Inc., which they claim supplied the Reynobond Polyethylene Cladding (PE) panels on Grenfell; Celotex Corporation, which they claim supplied the insulation used in the cladding system; and Whirlpool Corporation, which manufactured the fridge-freezer thought to be linked... View full entry
After years of protests and legal battles, Hawaii officials announced Thursday that a massive telescope which will allow scientists to peer into the most distant reaches of our early universe will be built on a volcano that some consider sacred.
The state has issued a “notice to proceed” for the Thirty Meter Telescope project, Gov. David Ige said at a news conference. In October, a state Supreme Court’s 4-1 ruling upheld the project’s permits for the $1.4 billion instrument.
— HuffPost
Meanwhile protests continue by a group of native Hawaiians who see the telescope's site on top of Mount Mauna Kea as sacred ground and have been trying for years to block the project at this location. View full entry
On this latest episode of the Archinect Sessions podcast we're joined by Jennifer Newsom and Tom Carruthers of the Minneapolis-based practice Dream the Combine. Jennifer and Tom are a husband and wife team that specializes in site-specific installations. Their work is deeply-collaborative... View full entry
Join us in celebrating the launch of Single-Handedly: Contemporary Architects Draw by Hand, the latest book by Nalina Moses published by the Princeton Architectural Press. The event will be held at the A+D Museum, with copies of the book sold at Archinect Outpost, on Saturday, June 29th, from... View full entry
It’s because I love my Los Angeles full of texture and a little untamed that I worry in these days of rapid displacement and rampant development.
One of the first things I noticed as the rents in my Hollywood neighborhood went up was that the fluttering silk flags and drawings on torn cardboard and other random street art projects that often would appear overnight suddenly became more and more rare.
— The Los Angeles Times
How does a city maintain its identity under the pressures of global brands and developers hungry for real estate? Though Los Angeles is a city known for destroying its recent past for the elusive present, there are only so many buildings and details this city can turn over before it's a different... View full entry
The mammoth, unfinished mansion on Strada Vecchia Road in Bel-Air has long been at the center of controversy, investigations and legal battles.
Its developer, Mohamed Hadid, pleaded no contest to criminal charges after prosecutors accused him of building a house far bigger than allowed. [...]
And investigators have looked into possible wrongdoing by a city building inspector scrutinizing the house.
— Los Angeles Times
Looks like the legal drama over the gargantuan on-again/off-again under-construction Bel Air megamansion by celebrity developer Mohamed Hadid is entering a new act: Russell Linch, the contested project's former construction manager, has come forward this week and accused a Los Angeles Department... View full entry
The head of the Serpentine Galleries has resigned after the Guardian revealed she is the co-owner of an Israeli cyberweapons company whose software has allegedly been used by authoritarian regimes to spy on dissidents.
On Tuesday, Yana Peel announced she was stepping down as the chief executive of the prestigious London art gallery so the work of the Serpentine would not be undermined by what she called “misguided personal attacks on me and my family”.
— The Guardian
Announcing her unexpected departure from the Serpentine Galleries in a statement, Yana Peel said, “I have decided I am better able to continue my work in supporting the arts, the advancement of human rights, and freedom of expression by moving away from my current role.” Peel added, “The... View full entry
In the face of increasingly destructive climate collapse, the University of Pennsylvania's McHarg Center for Urban Ecology is launching Design with Nature Now, a sprawling survey of some of the most inventive ecologically-driven landscape infrastructure projects from around the... View full entry
