Amid the anxiety, speculation, and real hardship caused by the ongoing economic downturn, the provocative thesis of this Washington Post article stands out, which, if correct, could hold a silver lining for architects. Reporter Elizabeth Razzi interviews housing historian Virginia McAlester about how previous periods of economic declines shaped consumer demand for housing. The answer is simple and somewhat obvious: the demand for small houses rises. Her predictions for this cycle are less so. Read More
First Laurie Olin, now Frank Gehry. That was the news earlier this week when the Wall Street Journal reported that the Santa Monica-based architect had laid off “more than two dozen” staffers involved with Bruce Ratner’s Atlantic Yards project. What followed was a string of cheers predicting the troubled Brooklyn mega-development’s demise. After all, how could it go on without its signature architect?
While considering this question, I kept thinking of a comment made by Kermit Baker yesterday, during an interview about the abysmal November billings index. Given what’s going on elsewhere in the industry, the termination of a handful of architects may not signal the doomsday scenario the project’s critics would like, and instead may be one more credit-related payroll pause like many others around the nation: Read More
Designer and AN friend Ken Saylor, of saylor+sirola, reports from Art|Basel|Miami Beach:
For the seventh year in a row, the international art world descended upon Miami Beach to instantly transform the city into a galaxy of cultural production, salesmanship, and hopefully, with this year’s delicate economy, elite consumption. If you add cars, champagne, mojitos, and cigars, provided by the current corporate sponsors, one’s experience of Art|Basel|Miami Beach was a decadently over-the-top trip to the beach.
With 24 auxiliary fairs attaching themselves to the main event, it is impossible to see everything, although everyone runs around the city in frantic abandon—entourages in tow—to openings, parties, parties, and, yes, more parties. Read More
We’ve been tracking the AIA Architecture Billings Index ever since it took a dive last spring. But what about the rest of the design industry? Well, the American Society of Landscape Architects released its quarterly survey of member firms, and the numbers are no better than their brick-and-mortar friends.
In fact, the numbers are even worse, with only 16 percent of firms experiencing growth in their billings and 43 percent having stable or rising inquiries. Read More
As the economic crisis continues to reverberate across the globe, everyone is feeling uneasy. Architects are particularly susceptible because the downturn stems from the housing collapse, which has crept into most ever sector of the construction industry.
As you already know, things aren’t going so well for architects right now, economically speaking. We got word earlier today that a certain three-letter firm laid off more than 100 employees in recent weeks, and smaller firms have been shedding staff as well. But there is hope yet. Should you be fired, that is.
There’s been a lot of questions about how the so-called credit crisis might impact the architecture and design industries. We’ve been tracking this for months, but so far no one has exactly admitted to apocalypse. Until now.
At a Vanity Fair party on Monday–the day the Dow dropped 504 points–man about town Richard Meier had some dour words for the Observer: