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Just three large office towers — of more than 500,000 square feet — are being built across New York City, with two expected to open in 2024 or 2025 and nothing else projected to go up for years. Normally, a handful of sites that size would be in various stages of construction, with at least one opening every year since 2018, according to JLL, a real estate services firm. — The New York Times
Due to an obvious confluence of interest rates, office vacancy records, and construction costs, the Times says Manhattan is “entering its most significant office construction drought since after the savings and loan crisis in the late 1980s and early ’90s.” Recent superlatives like BIG’s... View full entry
Pierre Koenig’s Schwartz House has been listed for sale in Rustic Canyon, Los Angeles. Built in 1994, the home is the last project Koenig completed, uniquely built on four structural steel beams. Image credit: Cameron Carothers Image credit: Cameron Carothers Externally, the home takes the form... View full entry
Designed by Pritzker Prize-winning Tadao Ando, the house features a concrete exterior in keeping with the acclaimed architect’s streamlined brutalist ethos. In the couple of dozen months that Ye has owned the property, the music performer and designer removed the home’s interiors, leaving it essentially gutted.
Now, instead of renovating the four-bedroom beachfront house on Malibu Road, Ye has decided to sell it, with a price tag of $53 million (he’s listing it at a loss).
— The Hollywood Reporter
Post-divorce Ye apparently contracted a gut renovation that left Ando’s original 2013 design looking more like “a bomb shelter from the 1910s” in the year leading up to its new listing. That endeavor ended in a $1 million lawsuit brought forth by its project manager over dangerous working... View full entry
This post is brought to you by Harvard Graduate School of Design Executive Education While the NFT bubble has burst, the tantalizing potential of blockchain, which is the foundation of NFT’s, bitcoin, and other cryptocurrencies, endures. Some have even written that blockchain... View full entry
Late SCI-Arc founding director Ray Kappe’s final residential design has hit the market in Venice Beach, California, for a listed price of $4.2 million. The 2,482-square-foot home has three bedrooms and was originally built in 1947. Kappe began the commission in 2019 (the same year he passed... View full entry
Following last week’s look at an opening for an Emerging Scholar in Design at the University of Texas at Austin, we are using this week’s edition of our Job Highlights series to explore an open role on Archinect Jobs for an Architect/Designer at Build Block. The role, based in Los Angeles... View full entry
After officially filing for Chapter 11 bankruptcy protection last week, WeWork has released a subsequent list of 40 “underperforming locations” across New York City that the company hopes to walk away from over the coming months pending court approvals. The news was first made public via the... 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
The City of London Corporation has revealed new images depicting the 2030 skyline of the Square Mile ahead of the completion of a planned cluster of tall buildings that are expected by the end of the decade. The plans depicted include the 11-building ‘City Cluster’, which strategically closes... View full entry
A pair of Usonian-period Frank Lloyd Wright homes have hit the market in Galesburg, Michigan, for an asking price of $4.5 million, according to a combined listing posted last week by Christie’s International Real Estate. Located in The Acres, a Wright-designed subdivision that remained... View full entry
More details have emerged regarding Saudi Arabia’s plans for the TROJENA and OXAGON segments of their $500 billion NEOM megaproject after the country participated in a regional real estate trade conference in Riyadh last week. As part of the inaugural Cityscape Global meeting, promoters of NEOM... View full entry
“It’s less about e-commerce than it is about how people want to live and what they want to experience [...] People want to connect, they want to be social, so we’re trying to give them more reasons and more opportunities to do that.” — The Globe and Mail
The movement is not without its detractors, however, as planning experts like the University of British Columbia’s Dr. Penelope Gurstein balance the media’s mostly effusive coverage for such projects with criticism that they are marketed towards affluent retirees and wealthy overseas... View full entry
Arizona has determined that there is not enough groundwater for all of the housing construction that has already been approved in the Phoenix area, and will stop developers from building some new subdivisions, a sign of looming trouble in the West and other places where overuse, drought and climate change are straining water supplies. — The New York Times
This decision, announced last Thursday, means that Arizona will no longer provide developers in some areas of the Phoenix region new permits to construct homes that rely on groundwater. Maricopa County, which includes Phoenix, sources half of its water supply from groundwater. The announcement... View full entry
Sotheby’s said Thursday that it has purchased the Whitney Museum of American Art’s 1966 Brutalist building by Marcel Breuer on Madison Avenue and will move its headquarters there from York Avenue in 2025.
The deal — which Sotheby’s and the Whitney refused to confirm in response to queries from The Times in April — finally resolves the fate of the Breuer building, which has hung in the balance since the Whitney moved down to the meatpacking district in 2015.
— The New York Times
The auction house will operate a rotating exhibition space out of the building — in addition to hosting live auctions — beginning in September 2024. There are no plans for the subterranean level restaurant at this time. The Frick Collection, which has been leasing the building since... View full entry
The Brady Bunch house is back on the market — and, this time, it comes with the interiors of your 1970s TV dreams. HGTV is selling the Studio City home pictured in hundreds of establishing shots on the famous sitcom not five years after purchasing it for $3.5 million. — The Hollywood Reporter
The iconic home, located at 11222 Dilling Street in LA's Studio City neighborhood, was purchased by the Warner Bros. Discovery-owned HGTV in 2018. The network renovated the façade and gutted the interiors. They added a story to recreate the show’s living room, kitchen, bedrooms, and yard, which... View full entry
