With bright colors, rich patterns, and futuristic forms that would make Verner Panton drool, Italian homewear company MissoniHome has recently completed their first fully-branded residential tower, the 52-story Acqua Livingstone in Manila, Philippines. The project is the fourth tower of six in the $315.9 million Acqua Private Residences project, developed in the Philippine capital by Century Properties Group.
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?
Every building tells a story of its past. But sometimes, with a little prompting, a building can also tell the story of its future. At least that’s what the Hypothetical Development Organization hopes. The group, created in 2010 by author and New York Times Magazine columnist Rob Walker, examines what the future might hold for some of the hidden, and underused, architectural gems in New Orleans by creating renderings of what the buildings could be, you know, hypothetically. Read More
After years of trying to land a second Walmart in Chicago, the world’s largest retailer succeeded in a big way yesterday when the City Council unanimously endorsed a Supercenter on the Far South Side, the anchor of a 270-acre mixed-use development. While only a few months ago the outcome of that store seemed uncertain, it all broke last week, when the unions reached a tentative agreement with Walmart to pay $8.75 an hour in its stores, more than the current minimum wage but less than was initially sought. On top of that, the retailer has cast doubt on whether a surefire deal has been set. Meanwhile, the city is bracing for the prospect of dozens of stores, through a deal arranged by Mayor Richard Daley, both a bane and a boon as it could mean an investment of $1 billion though also a costly one if it undercuts current retailers. The Sun-Times‘ incomparable Fran Spielman spells it all out for us: Read More
The simmering opposition to the New Domino plan from the local community and especially its City Council rep has been well-noted, but the reaction from the design community has been more muted. And while the approval from the City Planning Commission, and the forthcoming showdown at with Councilman Steve Levin mean the project is pretty much headed for an up-or-down, maybe slightly tweaked if not entirely scrapped vote, design writer Stephen Zacks had made a bolder proposal, calling for the plan to be scrapped not because it is too dense and under invested, but because it is not visionary enough. “These unique sites are opportunities to generate new forms of urbanism and orders of magnitude greater revenue, instead producing the high volumes of similar units that are now languishing on the market,” Zacks declares in a letter to the Council (in full, after the jump). He has a few ideas of his own, something called Domino University, but is also soliciting them from others. Feel free to leave them in the comments section, or on his Facebook page. Read More