A property firm run by a business partner of US President Donald Trump has awarded a £250 million ($320 million) contract to developers for the construction of a "Versace-branded" skyscraper in London.
Nine Elms Property awarded the contract to developers Multiplex for the construction of AYKON London One, a fifty-story tower to be built in central London at Nine Elms on the South Bank.
— Business Insider
"The world's first Versace-branded tower", AYKON London One, valued at £590 million, will consist of fifty floors and 450 apartments from one to three bedrooms, interiors of which will be designed in partnership with luxury fashion house Versace and feature panoramic-view "winter gardens". In... View full entry
Forget about soft drinks and potato chips - a "vending machine" in Singapore is offering up luxury vehicles, including Bentleys, Ferraris and Lamborghinis.
Used car seller Autobahn Motors opened a futuristic 15-story showroom in December, with vehicles on display in 60 slots, billing it as the "world's largest luxury car vending machine".
— Reuters
Herzog & de Meuron, in collaboration with Robert Wennett, have designed a new, “smart” luxury residential complex in Miami Beach at 1111 Lincoln Residences. As seen in a new batch of almost-disturbingly hyperreal renderings, the residences are built around leafy, Raymond Jungles-designed... View full entry
“What does [the Porsche] brand have to do with real estate?” It’s a good question, poised by the Miami developer Gil Dezer, who helped create the brand-new, 60-story, Sieger Suarez Architects-designed Porsche Design Tower in Sunny Isles Beach, Miami.Their answer? An elevator for cars. You... View full entry
Trump is President, the climate is chaos, and the wealth gap is starting to qualify as its own national canyon. So if you've got vats of money and are afraid of all the people who don't, what do you do? Build doomsday architecture to survive the collapse of society! In this piece for The New... View full entry
The Wall Street Journal reports that the seven-year long boom in luxury apartment development is about to fizzle out. Since early 2010, U.S. apartment rents have risen more than 26%—a pace much faster than either inflation or income growth. This pattern began to slow last year, when rents rose... View full entry
San Francisco's Millennium Tower has been sinking at a rate of two inches per year since it was completed in 2008, which is about ten inches more than the builders had anticipated the building settling for its entire lifetime. Not to be boring, the tower is also tilting slightly to the northwest... View full entry
As luxury condominiums go, 152 Elizabeth Street displays an unusual rigor and finesse: this is not an exercise in overindulgence, but in refined balance. With its 32,000 square feet split between seven individual residences, Tadao Ando's floor-to-celling windowed, burnished... View full entry
Almost two-thirds of homes in the Tower, a 50-storey apartment complex in London, are in foreign ownership, with a quarter held through secretive offshore companies based in tax havens, a Guardian investigation has revealed.
The first residents of the landmark development arrived in October 2013, but many of the homes are barely occupied, with some residents saying they only use them for a fraction of the year.
— The Guardian
The kind of wealth that turns a home into a status symbol—and an underused status symbol at that, with occupancy rates of only a few weeks a year—is not easing London's housing crisis. As the city's housing rates push actual citizens to decamp to cheaper suburbs or simply leave the area... View full entry
Rem Koolhaas said Zaha Hadid Architects could survive the death of its founder if it feeds on her architectural DNA. [...]
“I think there is a model these days where fashion houses survive by working on the DNA of their founders,” he said.
“It is a model that is becoming more and more current and it could work in architecture too, I think.”
— building.co.uk
Related on Archinect:Impromptu Zaha Hadid retrospective planned for Venice BiennaleZHA after Zaha: Patrik Schumacher on Zaha and what's next for the firm, on Archinect Sessions #61Zaha Hadid Architects to continue under Patrik Schumacher's leadershipZaha Hadid Dies at Age 65 View full entry
"Students are the advanced guard of creating that activity, that buzz. They help make it easier to persuade other businesses and investors there is something going on here.”
Not everyone is convinced. [...]
“Universities are now aping the private sector by building this top-end stuff, so a lot of students feel priced out. You can’t blame private companies, but universities have a got a different role. They should try to provide affordable options and not act like property developers.”
— theguardian.com
Related on Archinect:Viennese student dorms may Passively House refugeesHomework and Jacuzzis as Dorms Move to McMansions in CaliforniaNew Philadelphians and the end of gentrification guiltThose hipster millennials might not be the true gentrifiers of U.S. neighborhoods View full entry
"Concerned about illicit money flowing into luxury real estate, the Treasury Department said Wednesday that it would begin identifying and tracking secret buyers of high-end properties."
"The initiative is part of a broader federal effort to increase the focus on money laundering in real estate."
— The New York Times
No, these images aren't for an upcoming Lego kit design or a fantasy-genre video game, although they might as well be. They're Mark Foster Gage's concept for a 102-story ornamental skyscraper nicknamed "The Khaleesi", proposed for 41 West 57th Street in NYC's Billionaire's Row.Interestingly... View full entry
Pritzker Prize-winner Álvaro Siza has been selected to design an "ultra-luxury condominium" in Manhattan, his first U.S. project. Deemed 611 West 56th Street by developers Sumaida + Khurana and LENY, the structure will rise 35-storeys in New York's Hell's Kitchen, enough for approximately... View full entry
The Ponte saga is a classic South African story. Once a Jacuzzi-filled playground for the segregated white elite in the apartheid era, then falling into chaos in the 1990s as the wealthy fled to the suburbs, then the object of failed luxury-condo schemes, the tower is now undergoing a renaissance as an icon of Johannesburg’s urban revitalization. [...]
The hollow core began to fill with garbage and rubble – several stories high.
— theglobeandmail.com
