Amazon announce they are scrapping their plans for a new HQ2 in Queens, New York and Dubai is set for another supertall skyscraper. Read on to find out more.
After major backlash from local politicians, Amazon have cancelled their plans to build a vast new headquarters in Queens, New York. Despite business in the area expressing their eagerness for the new HQ, the major cash incentives, including a $325 million cash grant from the Empire State Development Corporation,and tax breaks offered to the company caused a huge backlash. There were also concerns raised over the pressures the new project would put on local infrastructure and transport, that are already functioning close to capacity. However, the loss of this vast investment will result in the loss of around 25,000 jobs that the HQ2 project promised to create. They will instead focus purely on the HQ in Virginia, rather than their initial plans of splitting between the two cities.
Property and business owners in New York have reacted in fury after Amazon pull out of their plans for an HQ in Queens due to the resistance of local politicians and residents. The loss of business that will come from the withdrawal have got businesses calling for Amazon to rethink, including Mayor Bill de Blasio.
SOM have released their visuals for the new supertall skyscraper, the Burj Jumeira, which will rise from a lake modelled on the fingerprint of Mohammed bin Rashid Al Maktoum, the emirate’s ruler. The futuristic looking building will tower above everything around it standing at 550 metres tall.
London’s first property to accept deliveries by drone is under construction. Lyons Place in west London is being developed by architecture studio Farrells and could provide the template for future projects seeking a drone delivery option.
The finalists of this year’s Mies van der Rohe Award have been revealed.
Thanks to the recent e-commerce boom, the commercial property market is thriving, and property group Segro have raised £450m to reinvest in further projects.
Another of London’s brutalist landmark structures is being torn down, after the council confirms it will be demolishing Welbeck Street car park in favour of a hotel.
Architects and critics have revealed their guilty pleasures in the property and architecture landscape.
A beautiful new tower set for LA has taken it’s inspiration from Marilyn Monroe’s skirt. The flayed ends at the bottom of the building were intended to mimic the actress’s iconic ‘flying skirt’ moment.
The winner of this year’s RIBA Royal Gold Medal, Nicholas Grimshaw, has spoken of how we should be wary of “handbag architecture”, believing we should get better and reusing and remodelling old buildings.
The Dubai property market appears to be struggling, as prices fell significantly in 2018, as much as a 16% decrease, as the market becomes over saturated.
The UK housing minister, Kit Malthouse, has said that architects should work with the government over the new Building Better Building Beautiful Commission, rather than fighting against it, insisting that a compromise can be made.
The number of homes being repossessed has hit its lowest levels since 1980, with lower mortgage rates and less aggressive attitudes from lenders being cited as reasons.
SOM have released plans for a “new urban destination” in Chicago, transforming an old industrial site into Lilcoln Yards, a 50-acre development with offices, residences, hotels, restaurants and retail across the site. Predicted to cost $6 billion (£4.6 billion), the project is being backed by developer Sterling Bay, and will intertwine with some of the city’s famous neighbourhoods – Bucktown, Wicker Park and Lincoln Park.