HEKKTA’s Property Portal – Manhattan Flood Defences

HEKKTA‘s Property Portal is back with all the relevant news stories concerning architecture & property, and the big headline this week is the announcement that the BIG-designed Manhattan flood defences have got underway, which will be the city’s first proper barrier to rising sea levels and flooding.

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The first phase of the huge flood defences, designed by BIG, to prevent flooding in Manhattan has begun. The BIG U barrier system will wrap around Manhattan’s southern tip, stretching from West 57th Street and running back up the other side to East 42nd Street in a ‘U’ shape. It will be a 10 mile barrier with spaces for the public aswell, with several parks and activities lining the bank.

Phase one, known as the East Side Coastal Resiliency (ESCR) project, will focus on a section of the East River Park along the Lower East Side – using $335 million (£256 million) in combined public and private funds. With rising sea levels showing no sign of slowing, this is a project that Manhattan is in dire need of, especially with memory of the terribly damaging floods brought by Hurricane Sandy six years ago.

Manhattan Flood Defences - The BIG U

Manhattan Flood Defences – The BIG U

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The six finalists competing for this year’s RIBA Stirling Prize have been announced. The shortlisted projects are: Bloomberg London Headquarters by Foster + Partners, Bushey Cemetery by Waugh Thistleton Architects, Chadwick Hall by Henley Halebrown, Tate St Ives by Jamie Fobert Architects with Evans & Shalev, Storey’s Field Community Centre and Nursery by MUMA, and the Sultan Nazrin Shah Centre by Niall McLaughlin Architects.

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The bidding race begins for London City Airport’s new expansion. The airport has called-up contractors to prequalify for substructure and concrete works for the planned terminal expansion project, which includes the design and build of piling, substructure and concrete works for the western energy centre, main terminal and terminal extensions.

City Airport expansion – HEKKTA – Manhattan Flood Defences

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For the first time in six years, the price of flats remained unchanged for a year, according to the Office for National Statistics (ONS).

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Stamp duty is clogging up the housing market as figures show that more first-time buyers are buying homes than movers, who already own their own house – this is the first time this has happened in over 20 years.

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American architecture firm Gensler designs a pair of skyscrapers for the Sri Lankan city of Colombo, and the two towers will be connected by a sky bridge. The shorter tower will be a 140 metres, while the taller one will reach 224 metres and will be filled with 132 luxury homes with interiors designed by Philippe Starck.

Sapphire Residence, Gensler - HEKKTA - Manhattan Flood Defences

Sapphire Residence, Gensler – HEKKTA – Manhattan Flood Defences

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One of the biggest construction groups operating in Southern Africa has taken a controlling stake in growing north west contractor Russells Construction.

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German property funds grow by 50% in investment volumes.

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Carlo Ratti Associati (CRA) in collaboration with Sidewalk Labs have created a prototype for a pavement that can change use throughout the day. Technology enables the pavement to be used for pedestrians and cyclists at rush hour times, but when they are empty during the day, the pavements can become play areas or even basketball courts on weekends.

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The Queen has achieved a 5% boost in her property empire, giving her an extra £1m of earnings. These earnings are used to fund the Royals activites, such as Royal Weddings.

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Facebook’s new headquarters in King’s Cross are being designed by Bennetts Associates and Allford Hall Monaghan Morris. The new offices for the tech giant will double their current footprint in the capital, which also coincides with the new Google HQ building, just a few yards away.

“We chose King’s Cross because it has considerable expansion opportunities, great transportation access, and is part of a vibrant community,” said Rob Cookson, head of global real estate at Facebook.

Facebook King's Cross HQ - HEKKTA - Manhattan Flood Defences

Facebook King’s Cross HQ – HEKKTA – Manhattan Flood Defences

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The crackdown on dirty money in the UK property market has begun with offshore owners of British property being forced to reveal their names, and failure to do so can result in jail time or serious fines.

2018-07-24T07:09:02+00:00