It’s been a busy week in the Big Apple, so HEKKTA take a closer look at what’s going on in New York, aswell as the usual round-up of everything concerning property & architecture from around the globe.
Rent regulations in New York City, which have allowed residents with modest incomes to live in the city, are due to expire and many residents are worried that the rent stabilisation laws will not be continued, in favour for higher earning renters. The laws, which are associated with famous TV shows such as Friends, prevent large rent spikes, but it looks as thought these regulations will be removed in favour of a market rate, threatening many New Yorkers’ ability to live in the city.
Just after the announcement of Mayor Bill de Blasio’s $10bn plan to extend the East River waterfront, BIG have released plans for a major redevelopment of the Brooklyn waterfront. Building a landscaped park over the Brooklyn Queens Expressway, the plan is a perfect marriage of infrastructure and sustainability.
The entertainment venue at Hudson Yards, The Shed, has opened it’s doors.
Hines Architecture + Design and Design Collaborative have unveiled their design for Jamaica’s new Houses of Parliament, which will be built in Kingston in National Heroes Park. Part of a wider redevelopment of Kingston, the architects offer a super elegant and modern arena for the country’s politics.
House prices will remain subdued until Brexit uncertainty is over, particularly in London, according to Halifax.
BIG have designed a floating city concept, which will serve to aid coastal towns in the face of global warming and rising sea levels, 90% of which are expected to be affected by 2050. Called Oceanix City, the archipelago could house up to 10,000 people, with small pod boats to travel in between.
Leicester City have confirmed McLaren will deliver their new £120m training complex, featuring 11 full size football pitches and top of the range training facilities.
Huge protests have occurred in Berlin in response to the rising rent prices over the last decade. With housing costs doubling in just 10 years, residents are appealing the increasingly unaffordable rates.
Approval has been granted for the soon-to-be tallest tower in Western Europe, the Bestseller Tower, designed by Danish firm Dorte Mandrup Arkitekter in Brande, Denmark. At 320 high in the sky, it outstrips The Shard in London, but 462-metre Lakhta Centre in St Petersburg prevents in from taking a European crown.
Although the housing market continues to struggle, the prime property sector is returning to it’s thriving self, as London’s prime property sector records a 6.3% increase in demand from buyers. This is predicted to be because of the decrease in prices that has come from Brexit uncertainty.
Snøhetta unveil their stunning design for the Shanghai Grand Opera House, featuring a spiralling roof, which attendees are able to walk up. With the hope of being a new cultural landmark, it will contain several auditoriums for the thousands of visitors.