The Rose Kennedy Greenway was supposed to transform downtown Boston, and while the Big Dig has had some impact on traffic, its above ground success have been far fewer, at least in the three years since the project was completed. At least two major developments have been forestalled because of competing demands on the Greenway’s open space, which itself has not been a smashing success, and now the Boston Globe reports the demise of yet another cultural institution that had been planned for the 1.5-mile park. The latest loss is the New Center for Arts and Culture, an $80 million project designed by Daniel Libeskind that was meant to foster diversity and dialogue between disparate groups. Other of the glassy, glitzy victims—blame falls largely on poor fundraising due to the economy—include a new YMCA, Garden Under Glass, and the Boston Museum, which has since relocated to a different site where it also struggles to get off the ground. After the jump, a graphic from the Globe breaks the blunders down. Read More
According to Crain’s Chicago Business, major construction unions will not be loaning funds to restart the Chicago Spire, as many had speculated. The union pension funds are feeling cautious, much like other lenders, so the Spire, which was always an ambitious project, remains a high risk bet. Who will the developers turn to next?
First reported in the Chicago Tribune, and today in the Wall Street Journal, officials at a group of union pension funds are vetting a plan to lend $170 million to restart construction on the stalled Chicago Spire. Designed by Santiago Calatrava, the 150 story residential tower would be the tallest building in the US. The Journal piece points out that with a drastic drop off in condo construction downtown predicted for 2010 and 2011, the completion of the Spire could actually come at a time when there is pent up demand for housing. Blair Kamin previously pointed out that unions have made similar loans in previous downturns, notably providing loans for the construction of Marina City.
According to the Journal, Chicago’s failure to win the 2016 Olympics may have been the key to giving the Spire new life. The pensions had previously been looking to lend funds for the construction of the planned Olympic Village.
In the wake of the sub-prime mortgage meltdown, global warming, rising energy costs, and constant gridlock, you’d think the model of Suburbia isn’t faring to well. Well, you’re not alone. Dwell and Inhabitat are sponsoring a competition called Reburbia, dedicated to re-envisioning the suburbs. They’re asking entrants to design “future-proof” spaces, from small scale retrofits to large-scale restorations, to replace current types and systems like McMansions, cul-de sacs, big box stores, strip malls and car-centric communities. Ideas, they suggest, could come in the form of bicycle transportation hubs, energy generating freeway paving systems, and new housing prototypes (including a “McMansion farm rehab”, whatever that is). Enter here. And hurry, because entries are due on August 1! Winners will be announced on August 19 (Grand prize: $1,000).