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Several local New York outlets have reported an update on the financial dispute between the Chrysler Building’s owner-operator RFR and The Cooper Union, which has held the land use rights to its lot since 1902. The Austrian-based developer purchased William Van Alen’s landmarked design for... View full entry
Michael Stern, the developer of SHoP’s new The Brooklyn Tower (also known by its address at 9 Dekalb Avenue), is facing foreclosure over a failure to pay a $240 million loan that was extended by Silverstein Properties in 2019 to complete the 93-story project, according to reports from The... View full entry
Chinese state-owned construction contractor will build China’s largest soccer park in Guangzhou on the site where struggling Chinese property developer China Evergrande Group was supposed to build its soccer stadium.
China Construction Fourth Engineering Division won the engineering procurement construction contract to build the Guangzhou Football Park with a CNY2.4 billion (USD328 million) bid, the unit of China State Construction Engineering announced on its official WeChat account yesterday.
— Yicai Global
The site was originally meant for a 100,000-seat stadium designed by Gensler. Evergrande, the developer now embroiled in a Lehman Brothers-like freefall, had already begun construction before the project was halted and eventually taken over by the government in 2021. The new design from the... View full entry
City Council Members in Los Angeles have issued a mandate to owners of the graffiti-tagged Oceanview Plaza development in Downtown to remove the artwork weeks after its unfinished exterior became a national news item and the latest flash point in a debate over the citywide housing crisis that has... View full entry
Reuters is reporting that construction on the forthcoming 64-story Elbtower Tower project in Hamburg, Germany, from David Chipperfield Architects has been halted over a payment dispute between its client Signa and a local builder. The news came last week after more than two years of construction... View full entry
Google has scrapped a $15 billion development deal that would have benefitted California’s Silicon Valley with new modern office parks, affordable housing, and mixed-use districts, according to reports published by CNN and Reuters late Friday. The deals struck with Australian multinational... View full entry
“We keep amassing this incredible pool of knowledge. It would be crazy to do all of that research and development and not scale it.” — Urban Land Institute
New Land Enterprises (the developers behind Korb + Associates' record-setting Ascent tower design) managing director Tim Gokhman sat down recently to discuss the bellwether project with the Urban Land Institute (ULI). He told Milwaukee native Alby Gallun that the selection of the... View full entry
It’s our duty to give them our perspective, but it always ends up being a collaboration between what our ideas and knowledge are, and what their vision is. I would be doing anyone in development a disservice if we didn’t propose and push for something that is greater than what initially is the expectation. Like many things in life, you think you can run a mile this fast, and then someone challenges you to run a little bit faster and you figure out you can. You’re always moving the bar. — The Real Deal
The younger Jahn, now president of the firm his late father established, spoke with TRD about the recently-announced sale of Helmut Jahn's most famous work, commenting that the 37-year-old Thompson Center would be “enhanced to a level and expectation of a 21st-century office” before shutting... View full entry
Located in South Slope, Brooklyn, House Offset is a residential remodel that underwent a recent renovation with a focus on enhancing both interior and exterior architectural details as well as "preserving much of the exterior as a nod to adjacent residences and the traditional New York City... View full entry
