Bank of America confirms Dublin as location for EU hub

Even if the UK reverses and doesn’t Brexit, the genie is out of the bottle. While London may survive as Europe’s premier financial center in a no-Brexit scenario, it will be by a smaller margin and with more competition.
Frankfurt and Dublin will be more important as financial centers with or without Brexit. Paris will gain – especially as high-speed transportation links advance. Just as Wall Street now stretches coast-to-coast, the European financial industry will spread across Europe. And don’t forget, non-financial institutions are also important and also relocating. For a country with strict gun control, the Tories-led UK has amazingly managed to shoot itself in one foot with no-Brexit and both feet with Brexit.

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.

 

Source: Bank of America confirms Dublin as location for EU hub

Opening day for Detroit’s QLINE M-1 rail – National Resources & Technical Assistance For Transit-Oriented Development

 

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

Source: Opening day for Detroit’s QLINE M-1 rail – National Resources & Technical Assistance For Transit-Oriented Development

How One of the World’s Densest Cities Has Gone Green

Picture of SuperTrees at Gardens by the Bay

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.

Source: How One of the World’s Densest Cities Has Gone Green

Siemens Shortlisted as World’s Most Sustainable Building | glassonweb.com

SIEMENS SHORTLISTED AS WORLD'S MOST SUSTAINABLE BUILDING

The new headquarters was inaugurated in June, 2016. It consumes 90 percent less electricity and uses 75 percent less water than its predecessor.

Source: Siemens Shortlisted as World’s Most Sustainable Building | glassonweb.com

New York’s L Train Closure Effects on Transit, Mapped – CityLab

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:

Source: New York’s L Train Closure Effects on Transit, Mapped – CityLab

Amsterdam Central Station’s Bold, Watery Revamp – CityLab

Canals, boats, bikes, trains – what more could you ask for? What is now tarmac and piles of chained up parked bikes will become a great public space.

 

Designs for Amsterdam's Central Station

Widened canals—and underground bike parking—will bring the city’s Central Station a little closer to nature and history.

Source: Amsterdam Central Station’s Bold, Watery Revamp – CityLab

In Shadow of Manhattan, a Long-Neglected City Is Having a Moment

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.

Source: In Shadow of Manhattan, a Long-Neglected City Is Having a Moment

WAN:: Timber tower by Team V Architecture

Timber tower by Team V Architecture

 

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.

Source: WAN:: Timber tower by Team V Architecture

Got wood? Meet Australia’s tallest (proposed) timber building | News | Archinect

 

Combine cross laminated timber, glue laminated timber, and the desire to connect with nature while providing ample creative working space, and you have the 5 King Tower, a 52-meter timber structure with the strength of concrete and steel (but a much smaller carbon footprint).

Source: Got wood? Meet Australia’s tallest (proposed) timber building | News | Archinect

NYC Real Estate | NYC Luxury Market | 432 Park Ave

It took two months longer on average to sell a New York City luxury apartment in 2016 compared with 2015. That’s according to the real-estate agency Olshan Realty, which on Wednesday published its year-end report on the New York residential market.

It backed up other reports released earlier in 2016 that showed the luxury market in Manhattan, New York’s most expensive borough, had a tough year. Unlike other price segments of the housing market, there’s an excess of luxury apartments, giving buyers power to negotiate asking prices lower.

“New York City’s rental market has been mostly steady, except at the high end, where the inventory has risen and rents have drifted down,” the Federal Reserve said in a recent Beige Book based on comments from its contacts.

Source: NYC Real Estate | NYC Luxury Market | 432 Park Ave

Toronto’s skyline is about to join the big-leagues: What the city could look like in 2020 | Toronto Star

Toronto's vibrant downtown holds some advantages over many vertically ambitious cities, says the city’s former urban design and architecture chief.

 

Toronto’s skyline is entering the stratosphere… at least by North American standards. A look at what 10 new projects will mean to the city, its residents and its image.

Source: Toronto’s skyline is about to join the big-leagues: What the city could look like in 2020 | Toronto Star

Paris allows anyone to plant an urban garden | Inhabitat – Green Design, Innovation, Architecture, Green Building

Paris, France, greenery, plants, plant, garden, gardens, public space, public spaces, creative gardens, alternative gardens, living wall, living walls, green wall, green walls, rooftop garden, rooftop gardens

Paris just passed a new law that allows anyone to plant an urban garden within the city’s limits. Upon receiving a permit, gardeners can grow plants on walls, in boxes, on rooftops, under trees, or on fences. They can cultivate greenery in front of their homes or offices. They can grow flowers, vegetables, and fruit. Paris mayor Anne Hidalgo’s goal is to create 100 hectares of living walls and green roofs by the year 2020, with one third of that greenery dedicated to agriculture.

Source: Paris allows anyone to plant an urban garden | Inhabitat – Green Design, Innovation, Architecture, Green Building

Finland’s longest bridge will be a beautiful pedestrian and cyclist superhighway | Inhabitat – Green Design, Innovation, Architecture, Green Building

Knight Architects, WSP Finland, Kruunusillat bridge, pedestrian bridge, Finland, longest bridge in Finland, Helsinki, cable-stayed bridge, walkway, cyclists, pedestrian-friendly design

 

 

The architects collaborated with engineering firm WSP Finland to design this tram, cyclist and pedestrian bridge, the name of which translates to Crown Bridges in Finnish. The €259 million…

Source: Finland’s longest bridge will be a beautiful pedestrian and cyclist superhighway | Inhabitat – Green Design, Innovation, Architecture, Green Building

Top Websites – 2016 | Planetizen: The independent resource for people passionate about planning and related fields

The annual list of the best planning, design, and development websites, representing some of the top online resources for news, information, and research on the built environment.

Source: Top Websites – 2016 | Planetizen: The independent resource for people passionate about planning and related fields

Rendering to Reality: Zaha Hadid’s Crystalline Port Authority Arrives in Antwerp – Architizer

Not typically a big Hadid fan but this is definitely on “to visit” list.

 

Source: Rendering to Reality: Zaha Hadid’s Crystalline Port Authority Arrives in Antwerp – Architizer

Who’s Moving Into and Out of Washington, D.C. – Next City

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.

Source: Who’s Moving Into and Out of Washington, D.C. – Next City

Fear Spreads of a Housing Crash in Canada | Alternative Economics

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.

Source: Fear Spreads of a Housing Crash in Canada | Alternative Economics

The Global Real Estate Bubble Is OFFICIALLY Bursting | Seeking Alpha

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.

Source: The Global Real Estate Bubble Is OFFICIALY Bursting | Seeking Alpha (sic)

Submit Your Ideas to The Architectural Review to Stop the Spread of #Notopia | ArchDaily

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.

 

Source: Submit Your Ideas to The Architectural Review to Stop the Spread of #Notopia | ArchDaily

Mapped: China’s Skyrocketing Housing Prices | Foreign Policy

realestate

 

Rapid housing price growth raises concerns about a housing bubble in China’s largest cities. Over the past year, residential real estate prices in 10 Chinese…

Source: Mapped: China’s Skyrocketing Housing Prices | Foreign Policy