Today, the drug-running and dumping are contained, new residents are moving in, and the enclave is considered an example, both regionally and nationally, of how a community can organize itself and choose the future its residents want. Blocks of houses, some old, some renovated, some looking brand new radiate out from the renovated former fire station and boxing gym that’s the headquarters for the Ivanhoe Neighborhood Council, which drives the revitalization efforts. Next door is a small park with a playgrou
Wall Street giant Bank of America Merrill Lynch has picked Dublin as the preferred location of its EU hub, joining a growing number of international financial groups to outline initial plans for how they plan to deal with the fallout from Brexit.
Speaking to The Irish Times in Dublin on Friday, group chief executive Brian Moynihan said this will result in the bank’s existing Irish subsidiary merging with its current most important EU banking unit, based in London.
It will also involve the group setting up an EU trading operation, or broker-dealer, in the Republic, which will require separate Central Bank approval, he said.
The QLINE M-1 light rail line is scheduled to finally open in Detroit this weekend, with a full weekend of festivities to celebrate. The line will permanently connect several major destinations in greater downtown Detroit, and improve access to jobs and services for thousands of residents along the corridor. The project has already catalyzed more than $1 billion in real estate investment along the corridor. All told, the economic impact of transit-oriented development is expected to top $3.5 billion with
Symbol of Singapore, these “Supertrees” belong to a display at the 250-acre Gardens by the Bay. The high-tech structures range from 80 to 160 feet and collect solar energy to power a nightly light show. They have a softer side too: their trunks are vertical gardens, laced with more than 150,000 living plants.
A useful tool not just for L-Train Hell but understanding commute times from various locations in the City and hopefully additional cities.
Endless train delays and calcifying surface traffic have lately painted the New York City transit experience a deep shade of red. Soon, commuters will unlock a fresh level of hell when the tunnel housing the L train closes for 18 months to address Hurricane Sandy damage. Starting as early as 2019, the shutdown of the tunnel—and all L train stations west of Bedford Avenue in Brooklyn—will directly impact the 250,000 riders who shuttle between Brooklyn and downtown Manhattan every day.
The map isn’t only great for arguing about whose commute is about to suck the most. You can also debate how travel options compare, for better and for worse, as they presently are. Dropping a single pinpoint onto the map reveals, in shaded color, relative access by train and bus from that location to everywhere else in the city. Bed-Stuy is a transit-friendly place to live, with lots of places easily accessible:
Newark has been “coming back” since I went shopping there with my grandmother. This time it looks like it might actually succeed. Great transportation (PATH, AMTRAK, and NJ Transit train station), some great parks and neighborhoods, a great museum, corporate anchors, legal center, Rutgers University and an administration that wants to learn from Hoboken and Jersey City’s mistakes.
For years, downtown Newark’s Military Park, barren and surrounded by vacant buildings, was a symbol of the despair that set in after the 1967 riots. Now it’s at the center of hope that a long-sought recovery for New Jersey’s biggest city may finally be taking hold.
With construction due to start in the second half of 2017 HAUT is on track to become the world’s tallest timber tower The municipality of Amsterdam in the Netherlands has selected Team V Architecture with Lingotto, Nicole Maarsen, ARUP and brand partner NLE to develop a building that is a serious contender to become the tallest timber tower in the world.HAUT, will be a 21-storey wooden residential building by the Dutch River Amstel with construction work expected to start in the second half of 2017. HAUT promises to be a prototype of building in an innovative, sustainable and environmentally-friendly manner.
Not typically a big Hadid fan but this is definitely on “to visit” list.
Construction workers, cashiers and janitors are moving out of Washington, D.C., while doctors, economists and software developers are moving in. As the cost of housing increases in the city, it’s part of a larger trend, says the District of Columbia’s Office of Revenue Analysis (ORA), which has low-wage workers fleeing for the suburbs, and higher-wage workers flocking to urban cores.
The reading marks a change from almost unbridled consumer optimism in a housing market that has carried the Canadian economy since the 2008 global financial crisis, even as policy makers warn price gains in some cities are unsustainable.
Bubbly cities like Singapore and Vancouver have started punishing foreign housing investors that have pushed up property prices to unaffordable – and unsustainable – rates. Foreign investors are now being taxed in many of these areas, and as a result, their real estate markets have begun to tank.During this housing burst, the most high-end, desirable locations will be hit the hardest.
In its recent issues, The Architectural Review has been on a mission, highlighting a phenomenon that they have named “Notopia.” Characterized by a “loss of identity and cultural vibrancy” and “a global pandemic of generic buildings,” Notopia is – in overly simplistic terms – a consequence of the cold logic of market forces combined with a disinterested populace. The AR’s campaign therefore aims to analyze this “thing of terror” and push back by raising public awareness and by proposing alternatives. And they need your help.
The physical heart of Cleveland is a 10-acre civic space called Public Square, but until recently it wasn’t exactly pulsing with life. Two of downtown’s busiest roadways, Ontario Street and Superior Avenue, bisected the square, and its four quadrants felt neglected and forgotten. Instead of being a destination, it was a place people avoided.
Yet now, following a 15-month, $50 million renovation, Public Square is reopening as a dramatically re-envisioned centerpiece of the city’s ongoing redevelopment efforts. Designed by James Corner Field Operations, the architects behind New York’s High Line, it now has a lush green lawn, unobstructed city views, a full-service cafe with outdoor seating and a mirror pool that reflects the landmark buildings lining the square.
Perhaps most significantly, traffic has been eliminated through the park except for buses.
For places that were meant to be unseen, alleys take up a not-insubstantial amount of space. A 2011 report by Mary Fialko and Jennifer Hampton, graduate students at the University of Washington*, found that in Seattle, there are 217,000 square feet of public alley space downtown, 85 percent of which are underused. The report estimated that reinvigorating alleyways could increase the number of total public space in the city by 50 percent.Alleys, too, are vital players in a city’s overall ecosystem. As the need for cities to rely on more sustainable approaches has become more pressing, the proliferation of trash and flooding in alleyways has come to be seen not only an aesthetic blight, but an environmental one.And as Daniel Freedman of the Los Angeles Sustainability Collaborative says, there’s a lot of crossover between sound environmental practices and livability. Revitalizing an alleyway creates an opportunity to introduce green infrastructure, but also, Freedman says, it invites the surrounding community to collaborate on improvements and make use of the space.
Several modern public housing projects are not only beautiful living spaces, but smart, money-saving, eco-friendly designs using innovative technologies.
In recent years, Denver has been storming national rankings lists: Brookings Institution demographer William Frey’s best (2011) and second best (2013) city for attracting millennials; the best city for college graduates (2014, Apartments.com); the largest increase in residents with college degrees (U.S. Census, 2014); the best commercial real estate market (Coldwell Banker, 2015); the second best for launching a startup (2014, Forbes); and, this year, U.S. News and World Report’s best place to live.
“We’ve become a top destination for millennials, and FasTracks is a significant part of that,” says Colorado Governor John Hickenlooper, who championed the expansion of rail transit as Denver’s mayor in the mid ‘aughts.
And it all happened, Hickenlooper and others note, because Coloradans across the base of the Front Range were willing to set aside crippling rivalries and make some big collective investments in themselves.
Source: The Train That Saved Denver
There is a growing sense of tighter financial conditions, particularly to the commercial real estate sector. Late last year the regulators issued a joint statement on Prudent Risk Management for Commercial Real Estate Lending and the latest Senior Loan Officer Opinion Survey (SLOOS) shows that banks tightened their lending standards to commercial real estate meaningfully in 4Q15…. The growing sense of gathering clouds in terms of tightening financial conditions to commercial real estate translates into a more challenging road ahead for US commercial real estate.
Lever Architecture has designed a 12-storey building for Portland, Oregon, that will be one of the tallest wooden buildings in the US.
In Toronto, researchers recently found that people living on tree-lined streets reported health benefits equivalent to being seven years younger or receiving a $10,000 salary rise. As well as studies revealing benefits from everything from improved mental health to reduced asthma, US scientists have even identified a correlation between an increase in tree-canopy cover and fewer low-weight births. And economic studies show what any estate agent swears by: leafy streets sell houses. Street trees in Portland, Oregon, yielded an increase in house prices of $1.35bn, potentially increasing annual property tax revenues by $15.3m.
They built fortunes and Paris:
In the seventeenth century, all these factors came together, and Paris became the European capital of conspicuous consumption when a new kind of wealth began to be very ostentatiously exhibited…All through the century, incalculably ostentatious displays of opulence were rolled out by non-Parisians of humble birth. The most publicized cases involved your men from poor families in the French provinces who, once they reached the French capital, had managed to amass fortunes. To a man, they owed their rags-to-riches stories to their instinct for the working of the age’s equivalent of high finance…
Guidebooks presented this financial elite’s impact on the cityscape as a noteworthy feature of modern Paris; their authors never failed to point out when a residence they recommended as particularly fine belonged to a man of finance. And indeed more than half the homes new to Paris in the seventeenth century and considered then and now to be of architectural significance were built by men who made their fortunes in finance rather than inheriting them. These men, who early in the century became known as “financiers,” were more than three times as likely as the scions of the great old families to build a home in seventeenth-century Paris and thereby to have helped create the original modern French architecture. And, as a 1707 work explained, this was evident to all: “Everyone knows that it’s because of the financiers that [Paris] has the special glow for which it is so renowned at present.”
The financiers were not the only group responsible for the “special glow” with which memorable modern architecture enveloped the city. A second profession also made a meteoric rise to prominence in the city on the move: the real-estate developer….
In the seventeenth century, Paris became a city in which to many the lure of money seemed omnipresent… a city that was “paradise for the rich and hell for the poor”…
Writers of every stripe… spoke of men of new wealth in the same way, as “leeches” who were bleeding the country dry and making paupers of honest citizens…..
The stories of Parisian financiers inspired the creation of other new words… nouveau riche… “the plague of our century”…”absolutely teeming with nouveaux riches, flaunting the fruit of their plundering of widows and orphans.”…
Parvenue, “one day a servant, the next, master of the house.”…
Millionnaire was initially a synonym for nouveau riche and parvenu, and individual of humble origins whose vast wealth was both sudden and ill-gotten….
Read the book – well worth the time.
How Paris Became Paris – The Invention of the Modern City by Joan DeJean, Bloomsbury Publishing