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August 13, 2018

Building height fallacy

Studio Gang has a project currently under construction in New York City called 40 Tenth Avenue. It is also known as the “solar carve tower.” Here are a couple of progress photos taken by Timothy Schenck. The glass is beautiful. (If you can’t see the embedded tweet below, click here.)

Status update from the construction site of 40 Tenth Avenue, our first tower in New York. It’s been exciting watching its progression, especially as the glass is installed on the building’s carved-away form, which is sculpted by the angles of the sun. Photos: @timothyschenck pic.twitter.com/Ks7RqUXEcB

— Studio Gang (@studiogang)

August 13, 2018

https://platform.twitter.com/widgets.js

This is one of my favorite buildings by Studio Gang and one that we all studied when we were kicking off One Delisle. 

The geometry of the building is a result of carve outs that maximize the amount of sunlight that is able to reach the adjacent High Line (public space). It is form driven by functional logic. Here is a diagram from Studio Gang showing the carve outs that result from the sun’s rays.

image

The other thing I like about this project is that it is a clear proof of something that I’m going to call the “building height fallacy.” There can be a tendency to overfocus on building height, which I have argued against before on this blog. 

In this case, a shorter and squatter building without these solar carve outs, would have actually been worse for the High Line and the surrounding environment in terms of access to light and air.

The building is responding to site-specific criteria – which is what great architecture should do.

August 1, 2018

Minimum fleet

Here is an interesting study by the MIT Senseable City Lab, which looks at: “the minimum number of vehicles needed to serve all the trips in New York without delaying passengers’ pick up times.” If you can’t see the embedded video below, click here.

[youtube https://www.youtube.com/watch?v=nFo64kBGF6o&w=560&h=315]

This is interesting because it begins to quantify the amount of waste running through the system today and the possible efficiencies brought about by autonomous vehicles. In this model, the current taxi fleet in NYC could be reduced by 40%.

For more on the study, go here.

July 28, 2018

Toward penthouse amenities and smaller units

The NY Times reported this week that, as the ultra luxury real estate market in New York City continues to cool, developers appear to be making two kinds of product adjustments: (1) they are converting the penthouses and rooftops of their buildings from premium residential space into amenity spaces for the broader building and (2) they are shrinking unit sizes to help with overall sales and leasing velocity.

According to the New York Times, condo prices on Billionaires’ Row in midtown are down 20-40% since the peak of the market in 2014 when this record was set. So developers are responding with more studios and 1 bedrooms, and amenity spaces – many of which now include high end restaurants also open to the public – that ensure no other building has something you don’t have.

However, there are naturally some differences between condo and rental buildings. Since 2016, 35% of rentals projects in the city have had some sort of penthouse amenity, whereas the number is only 13% for condo buildings. This makes sense given that amenities are such a big driver of leasing. You definitely want your amenities ready for when your leasing office opens.

What product changes, if any, are you seeing in your market right now?

Photo by Aaron Burson on Unsplash

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Brandon Donnelly

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Brandon Donnelly

Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly.

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