Architect Richard Meier is stamping downtown Tel Aviv with another luxury landmark, “Meier on Rothschild,” a mix-use residential, commercial and office complex towering 39-stories over Tel Aviv’s White City. Located on Rothschild Boulevard, the tower is Meier’s modern take on Bauhaus architecture that characterizes the city, where two- and three-story buildings defined by minimalist and functional architecture and marked by smooth white curved exteriors are common.
Starchitects are descending on Toronto. First it was Frank Gehry with his plan for three 80-story skyscrapers on top of an art museum, and now Norman Foster with a massive plan to redevelop the Metro Toronto Convention Centre area adjacent to the CN Tower and Rogers Centre Stadium. Developed by Oxford Properties Group and dubbed Oxford Place, the plan calls for upgrades to the current convention center and four new towers for housing, office space, a hotel, and a casino surrounding a five-and-a-half acre park spanning a railroad.
While a number of new rental towers have been announced in recent months, Crain’s has an informative article about a number of Chicago condominium developers who are beginning to build again, albeit at a very small scale and in tightly phased sequences. Even for projects as small as 14 units, banks are demanding projects be split into two phases, six units first, followed by eight in a second building. Some developers are also willing to accept lower offers from buyers for higher down payments up front. The thinking reflects new stricter lending standards and continuing economic uncertainty. But with Chicago’s condo market still over-saturated and the foreclosure crisis just beginning to wane, it also reflects a much needed correction from previous patterns of over building and over lending. And, pardon me Mr. Burnham, but isn’t incremental city-making and infill development often the best approach?
Last week, we took a trip around the block from the AN office to go to an open house at 55 Warren hosted by Legrand, the French systems management company. While we were impressed with all the gizmos and glitzy gadgets, it was OCV Architect’s clever renovation of the old cast-iron building that grabbed our attention.