An odd confluence of global statecraft and local politics could reshape Manhattan super luxury real estate. The Russian/Ukraine conflict has pushed the U.S. to impose sanctions on many of Russia’s richest men, the so-called oligarchs surrounding Vladimir Putin. According to the Times’ Real Estate section, the sanctions are sending a “chill” through Manhattan’s luxury developers and the brokers who serve them, since Russian buyers have acquired some of the city’s priciest properties in recent years. Time will tell if the conflict is long lasting enough to depress prices or change the dynamic of Manhattan real estate, but with Mayor de Blasio’s relentless drive to create affordable housing the pressure is on for developers to start paying more attention to average New Yorkers, not just global billionaires looking to stash their cash in empty apartments overlooking Central Park.
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This reminds me quite a bit of the never-built proposal, Bombed Churches as War Memorials (1945), published in London after WWII, which presented various designs for bombed-out churches to be preserved in ruined form with the addition of garden plantings and a few amenities.
Houston is set to double the amount of tax breaks it gives to developers for downtown apartments and condos to try to lure people to the city’s sleepy business district. The City Council unanimously agreed to expand the Downtown Living Initiative, which first launched a year and a half ago, to offer tax breaks for 5,000 residential units, up from a previous cap of 2,500.
A group of North Carolina preservationists is trying to protect a local piece of modernist history from the impending wrecking ball. The News & Observer reported that a group called North Carolina Modernist Houses (NCMH) has started a campaign to save the former Raleigh Orthopaedic Clinic building, which was designed by Raleigh architect G. Milton Small over 50 years ago.
“The building is really Raleigh’s finest example of international architecture,” said George Smart, the head of NCMH, who noted that Small studied under Mies van der Rohe at IIT.
Speaking of the architecture/celebrity complex, a source told Eavesdrop that Liz Diller is designing an Upper East Side apartment for entertainment mogul David Geffen. The once radical architect has gotten awfully cozy with the establishment. We guess all that time in Los Angeles designing The Broad is paying off.
Total Reset: Institute for Public Architecture Symposium Tackles Affordable Housing in New York City
The history of affordable housing in the United States has always centered on efforts—research, architectural prototypes, and creative financing—undertaken in New York City. From early philanthropic models like the late 19th century Cobble Hill Tower Homes, the 1911 Vanderbilt-sponsored Cherokee Model Apartments, and the 1930s Amalgamated Dwellings on the Lower East Side, virtually all early advancement in housing reform in this country began in New York City.
The evening of April 14th was a big one for the East Austin community, when developers met with residents to unveil the master plan for the 208-acre lot of land known as Colony Park. Plans for the development were rolled out onto a community center floor as a giant map that enabled attendees to walk, step-by-step, through the five-year-plus initiative. The project hopes to bring commerce, parks, new residences, into a sustainable community.
It looks like design history is in the air here in Chicago. The Chicago Design Museum is in the middle of a Kickstarter campaign to launch an exhibition looking back at 100 years of graphic arts. Chicagoisms just opened at The Art Institute—a meditation on Chicago’s architectural history and mythology that builds off a previous exhibition of unbuilt work reviewed here.
Now another exhibit glances at Chicago’s design history to better assess its present and future.
After a continuous 36-hour concrete pour last weekend, Boston’s Millennium Tower is ready to rise above the city skyline. The day-and-a-half-long pour of 6,000 cubic yards for the Handel Architects–designed project is being called a “record concrete pour” by local press—and it probably is, at least in terms of hours spent pouring. But if you crunch the numbers, as AN did, the pour in Beantown reveals that the tower’s concrete took its sweet, sweet time to flow. We’ll explain.
At this year’s SXSW Festival, engineering took center stage in the documentary DamNation (directors Travis Rummel & Ben Knight), which won the Documentary Spotlight Audience Award. It begins with America’s rash of dam-building under FDR when these mammoth structures were considered man-made wonders. Hoover and Grand Coulee are the large-scale examples, but there were about 80,000 smaller dams built across the country.
New York City Mayor Bill de Blasio has been promising to “preserve or construct” nearly 200,000 units of affordable housing since his days as the most unlikely of mayoral contenders. Since stepping into City Hall, the mayor has repeated that pledge nearly every chance he gets. But while the affordable housing plan is one of his central policy issues, it’s still not clear how the city can hit the mayor’s magic number. That should change this week when de Blasio’s housing team releases their detailed plan of action. Before that plan is released, however, AN asked some of the city’s leading architects, advocates, and planners what they hope to see in the team’s path forward.