Tuesday, February 22, 2011

Interior Design Magazine Daily Fix on Cool new NY Building


New York by Gehry Opens to Tenants in Lower Manhattan


New York by Frank Gehry
A standard inclusion on every architect’s checklist is the ground-up design of a bonafide skyscraper. Surprisingly, Frank Gehry checks his off only this year with the completion of the 870-foot New York by Gehry. The delay of this particular accomplishment, however, becomes somewhat more coherent when one begins to count the superlatives attached to the 76-story residential tower—the Western Hemisphere’s tallest—and mixed-use development on Spruce Street in lower Manhattan.
New York by Frank GehryThe architect’s signature ripples come courtesy of stainless-steel curtain wall cladding the exterior. Those undulations, the influence of which the architect attributes to Gianlorenzo Bernini and the engineering of which were determined by a software platform developed by Gehry Technologies called Digital Project, affect the interior scheme as bulges on the façade allow for a multitude of Gaudi-like interior window bays. The lack of uniformity has allowed for some 200 unique floor plans from which tenants may choose. Currently, 18 studio, one- and two-bedroom rental models are on view to the public. White oak flooring and custom Douglas Fir woodwork grace the lobby.
The building is surrounded by 15,000 square feet of public plaza landscaped by Field Operations and Dutch horticulturistPiet Oudolf, the team responsible for the creative reuse and design of New York’s defunct High Line train rail. A 100,000-square-foot public primary school with a rooftop play area will occupy the building’s first five floors. Formerly used as a parking lot by New York Downtown Hospital, which sold the site for development, the building also features offices and ambulatory-care facilities for professionals affiliated with the hospital. Car commuters needn’t worry, however: 26,000 square feet of below-grade garage is available for 175 hospital vehicles.
The 22,000 square feet of residential amenities include fitness and spa facilities and entertainment spaces, including a terrace for outdoor grilling, a library, children’s playrooms, and screening and game rooms with custom seating. A skylighted swimming pool is enclosed by retracting glass doors that open onto a wraparound sundeck. Penthouse tenants, depending on direction, will be able to enjoy views of the Hudson River’s piers and parks, all five East River bridges, the Empire State and Chrysler buildings, all the way to a northern horizon including Central Park and the George Washington Bridge.
New York by Frank Gehry
Images courtesy of New York by Gehry.

Friday, February 18, 2011

Photo of the Week

Check out these awesome Abstract PHOTOS... yes PHOTO's provided to us by Infinity Pix. 

To include these or some other custom photography in one of your upcoming projects visit www.infinitypix.com!




Wednesday, February 16, 2011

summit 2-2

RSVP Here: http://gwcarsummit.com/

From OTJ ArchiTect's Blog

JAN26
  Last month, Virginia Governor Bob McDonnell appeared alongside Fairfax County Board of Supervisors Chairman Sharon Bulova at the ribbon-cutting ceremony for Phase II of the Lorton Workhouse Arts Center. OTJ Architects’ Partner and Studio Director Tony Martin has been managing this 85,000 SF project since 2009, where the Lorton Arts Foundation is creatively readapting a historic prison complex that was first commissioned at the beginning of the 20th Century under President Theodore Roosevelt. This facility was originally intended to provide prisoners with fresh air, natural light and structured, purposeful work as the basis for their rehabilitation. Agricultural operations began at the Workhouse in 1912 and the prisoners created a brick plant where they produced bricks to construct the permanent buildings that now make up the Workhouse Arts Center. Instead of taking shovels to dirt at the December event, Governor McDonnell and Chairman Bulova took sledgehammers to bricks as a ceremonial homage to this unique aspect of the Workhouse’s history.


  The story of this adaptive reuse began in the 1980’s, when overcrowding had become an issue and the buildings were in a state of severe disrepair. The conditions continued to worsen until DC prison officials were finally ordered to begin transferring prisoners out of the Lorton facility in preparation for its closing in 1997. Fairfax County received the property title five years later, a transfer made possible through the Lorton Technical Corrections Act that required the county to develop an adaptive re-use plan for the land and former prison facilities. The Lorton Arts Foundation came up with an idea to transform this series of indoor/outdoor spaces into a cultural arts center. In July 2004, a century after Roosevelt put forth his original vision for this plot of land, the Fairfax County Board of Supervisors approved the rezoning of a 55-acre portion of the former correctional facility to become the Workhouse Arts Center. September 2008 marked the official grand opening of Phase I (designed by BBGM), when visitors could tour the grounds, learn about the history of the complex, visit the artists’ studios, participate in art classes and workshops, attend musical and theatre performances and visit the two-story gallery building.


  OTJ Architects was then hired to complete Phase II, which included the renovation and design of three more spaces – The Kid’s Zone, The Events Center, and the Performance Theater. The Kid’s Zone, a 7,500 SF former dormitory building, is set to open in the summer of 2011 with several classrooms and a 100-person state of the art studio theater. By Fall 2011, the space that once served as the prisoner’s dining hall will become a 600-seat event/conference center – equipped with a full-service kitchen, bridal suite, a multi-use conference center and a movable dividing wall.
  Last but not least, next winter will see the conversion of a 12,000 SF former multi-use gym and meeting building into a 300-seat performance theater with a new mezzanine level, and newly excavated lower level for dressing areas. This will effectively complete Phase I and Phase II – the adaptive reuse segments of the project. The new construction portions, Phase III, are likely to break ground in 2012 and will include an amphitheater, artist residences, and restaurants. There have also been discussions of converting the existing campus power plant into a microbrewery, as well as potentially adding a culinary arts center and/or a performing arts branch of a regional university into the mix.


  Since the entire site is listed on the National Register of Historic Places, the concept of “Adaptive Reuse” has truly been a driving force in the redevelopment process. Wherever possible, historic and recovered on-site materials are incorporated, and all these projects use the latest energy efficiency, waste reduction and conservation techniques. In fact, based on an ongoing feasibility study the entire complex will be designed to reuse methane gas from the adjacent landfill for as many of the new and renovated facilities as possible.


  Lorton is now the fastest growing part of the county, and the Workhouse Arts Center is quickly establishing itself as the region’s most distinctive cultural arts complex. When all phases of the renovation are complete it will consist of 150,000 square feet of adaptively reused buildings, as well as 60,000 square feet of new construction and 40 acres of open green space. OTJ Architects is proud of the partnership it has nurtured with the Lorton Arts Foundation, and is looking forward to turning their innovative vision into a reality in the years to come.
For more information on the Lorton Arts Foundation, visit:  http://www.lortonarts.org/
For more information on the Worhouse Arts Center, visit:  http://www.workhousearts.org/

MANCINI·DUFFY/WINSTANLEY RECEIVES NAIOP AWARD


MANCINI·DUFFY/WINSTANLEY RECEIVES NAIOP AWARD
Old Town Alexandria Project Named “Best Building Renovation”

Washington, D.C., February 16, 2011 — Mancini·Duffy/Winstanley, a full-service architecture, planning and design firm with offices in New York City and Washington, D.C., was recently awarded Best Building Renovation Adaptive Re-Use: Award of Merit for their project at 107 N. West St. in Old Town, Alexandria at the Best of NAIOP Northern Virginia Awards program. The NAIOP Awards recognize the best in the Northern Virginia commercial, industrial and mixed-use real estate community. The awards program highlighted the dedication of outstanding individuals and companies that contribute to the success of the region.

The design theme for the107 N. West St. project was to renovate a semi-abandoned 4,350 SF warehouse in a mid-block location to accommodate Mancini·Duffy/Winstanley’s Virginia office and a photography studio. Mancini·Duffy/Winstanley utilized all the sustainable components that were possible within the scope of the project, such as rehabilitation, daylighting, energy conservation, natural ventilation and public transportation. The building was marketed by the real estate broker as a “tear-down and rebuild” development opportunity, but because the new owners intended to be owner-occupiers, economic factors such as Small Business Administration financing and tax credits allowed them to salvage the existing structure and renovate it.

“We are thrilled to have been recognized by NAIOP for 107. N. West St. This is a developers’ award, and we’re architects,” said Michael Winstanley, AIA, AICP, Mancini Duffy Winstanley’s CEO and Design Principal. “It’s a great feeling to be honored by our clients’ peer group.”

“Mancini·Duffy/Winstanley is extremely proud of this renovation, because it directly relates to two issues that are critical in American society: restoring safe and lively urban environments and supporting small businesses,” said Winstanley. “The preservation of this building contributed to the retention of the historic fabric and character that makes Old Town the special community that it is.”

Joining Mancini·Duffy/Winstanley on the 107 N. West St. project team were 107 N. West Street, LLC, Simpson Properties and Nardi Construction. The building currently houses Jessica Marcotte Photography and the Mancini·Duffy/Winstanley planning practice.


# # #

ABOUT MANCINI·DUFFY/WINSTANLEY

Founded in 1920,Mancini·Duffy/Winstanley is an architecture, planning and design firm with offices in New York City and Washington, D.C. Mancini·Duffy/Winstanley’s strong portfolio includes retail, residential, transportation, hospitality, corporate, and college and university projects. For more information, please visit www.manciniduffy.com.



Description: SPIN logo-Red.eps
Article Source:

CONTACT:                    Lisa Harlow
COMPANY NAME:        SPIN LLC
PHONE NUMBER:         410-889-4112
FAX NUMBER:              410-889-4492
EMAIL ADDRESS:        LisaH@spinllc.com
WEBSITE URL:             www.spinllc.com

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Tuesday, February 15, 2011

Contract Magazine Inspirations Project



Submit Your Contract 2011 Inspirations Project Online

INSPIRATIONS
Recognizing social responsibility in commercial interiors
Sponsored by
Tandus
Entries will be accepted through Wednesday, February 16, 2011.
More and more, the commercial design community plays a leadership role in furthering global efforts for social responsibility. In response to these accomplishments, and true to our mission of inspiring commercial design solutions.
Contract Magazine presents its third Annual Inspiration Awards.
Through a holistic view, Contract Inspirations will recognize commitment in the built and unbuilt environments:
• Recognizing social responsibility in commercial interior architecture—using design and/or design skills to improve the quality of life for those in need, and
• Recognizing cause-related work by the commercial interiors community.
Top honors will each receive a $5,000 grant to the cause supported by this inspirational work.
Contract Inspirations panel of judges:
Marsha Maytum, FAIA, LEED AP, Founding Partner
Leddy Maytum Stacy Architects
San Francisco
Neil P. Frankel, FAIA, FIIDA
Professor, University of Wisconsin School of Architecture & Urban Planning
Principal, Frankel + Coleman
Chicago
Susan Piedmont-Palladino
Professor, Washington Alexandria Architecture Center College of Architecture and Urban Studies, Virginia Tech
Washington, D.C.
Winners will be notified March 4, 2011.
Inspirations will be awarded in Boston on April 6, 2011.  Work will appear in Contract and contractdesign.com.
ENTER NOW
Submit your Socially Responsible Project.  Please complete all of the fields below.
Results will be evaluated based on effort, creativity, and positive impact on the human condition.
Two Categories of Work:
A. Project: Completed projects. (Projects must have been completed on or after January 1, 2009.)
B. Practice: Cause-related efforts that benefit a community or user group (investment of time and/or services and/or resources)
Entries for both categories must address the following five questions:
* 1) How did you, as design professionals, creatively and respectfully address the need to improve quality of life?
* 2) What public-interest client or mission was advanced?
* 3) What is the bottom line impact to the community or user group, and what will be the lasting positive effect from these efforts?
* 4) What are the environmental and social sustainability components to the project or practice?
* 5) What percentage, if any, of the work was completed on a pro bono and/or reduced-fee basis?
Projects must have been completed on or after January 1, 2009.
Contract Inspirations Entry Fee is $100. To pay for your entry
For questions: Contact Stacy Straczynski – Email Stacy.Straczynski@nielsen.com
Technical Specs
Please complete all fields below as accurately as possible. In project descriptions, be sure to include information on the client, project goals, planning, design, and overall project scope in brief terms.
Professional architectural photography is preferred in the initial submission and is required for publication. Please upload up to 10 low-resolution photographs by clicking on the appropriate links below. You can upload .JPG .PNG and .GIF files only. Each photo must be 72 dpi in resolution and at least 4-in. by 5-in. in size. To consider a project, Contract requires images of the entire space, so please make sure your uploaded photos show a range of settings. For example, if you’re submitting a corporate space, be sure to include shots of typical workspaces and conference rooms, not just the lobby and executive offices.
Please submit your entry using Safari 3.x or IE7 or Firefox 3.x. Once you click on the submit button, you will receive a thank you page. If you encounter any problems submitting your info, please contact joan.fagan@nielsen.com and describe the error.

Shared with me by Megan Kindle from Fox Architects

Barbie I Can Be…Architect, Coming Fall 2011

Girls can imagine designing their very own Dream House withBarbie® I Can Be…™ Architect.  Ready to tackle the daily responsibilities of a real architect in or out of the office, Barbie® I Can Be…™ Architect includes a hard hat and a set of blue prints. Wearing an architecturally inspired dress showcasing a city skyline, Barbie® doll’s outfit is symmetrically stylish with bold colors and clean lines.  In designing this doll, Barbie®  partnered with the American Institute of Architects to keep Barbie®  I Can Be… ™ Architect  doll  authentic to the career.

Thursday, February 10, 2011

Herman Miller RELEASES the AdVo Chair

The ADVO Chair - a Chair to Meet the Mid-Lower Price Point
Advo Work Chair with Canvas Office Landscape
The Design Story.... In 2009, Herman Miller began imagining a new family of chairs based on this idea: design a chair that offers Herman Miller quality and a mainstream aesthetic with an average cost of about $300. The result is Advo, created via a successful collaboration among trusted partners, experienced product designers, and Herman Miller's development team. Our collaborators included ITO, a product design firm based in Germany, that has been working in office furniture design for more than two decades. ITO has garnered a number of awards, including many for its chair designs. Advo's Network mesh fabric was created by the company that manufacturers the Pellicle suspension for our Aeron chairs. Advo chairs are built in Herman Miller manufacturing facilities on three continents. Chair components and textiles are delivered regionally to these facilities, enabling faster delivery, partnerships with regional suppliers, and cost-efficient and timely shipment of chairs to dealerships and customer sites.
Advo Polished Aluminum Buckle
Advo Work Chairs, Mesh Back
Advo Work Chair, Fully Upholstered with Loop Arms

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NY News... But COOL NoNe tHe LeSS

BIG Unveils Eye-Popping West 57 Residential Tower Pyramid in NYC Today
Famed architect Bjarke Ingels has been tight lipped about a project his team has been working on for New York City and we're delighted to report that it was finally unveiled today! The West 57thresidential tower is an evolutionary growth from BIG’s other residential projects in Copenhagen, only at the scale of New York’s famed skyline. It brings with it a huge south-west facing slope, with protected green space making up the heart of the project.


Mr. Ingels has dropped a few hints about his project unveiling in New York – perhaps the biggest was opening an office and moving to the city. The tower is a clear hybrid of the northern European model of airy courtyards and sun loving facades with New York’s density and celebration of scale. Each apartment will get a balcony, many overlooking the adjacent Hudson River, and the complex as a whole will have a public transition green space not dissimilar to the 8 Tallet project that W57 emulates.



From the streets, the building appears as a richly detailed wall of angled windows and from the riverside softens the cities skyline. Amazingly the project shares the similar quality of transitioning an industrial section of a city to the residential with their ski slope/waste incinerator, as the apartment complex sits next to a largely defunct steam plant and garbage facility.





Photo of the Week

Is this 30 degree weather getting you down? Take a look at these beautiful photo's provided to us by Infinity Pix. And just think... Spring is just around the Corner!!!
To include these or some other custom photography in one of your upcoming projects visit www.infinitypix.com!

CoStar Group - Home
 Commercial Lending Bounces Back In 2010
Powered by improving conditions in the real estate and capital markets, CRE loan originations rose by 36% in 2010 over the previous year, according to preliminary data released at this week's Mortgage Bankers Association (MBA) real estate finance convention in San Diego. In a separate report, the MBA also found that loan maturities continue to roll at a manageable level, with just 11% of the $1.4 trillion in outstanding commercial debt expected to mature this year, shrinking to 9% in 2012. 

"All the fundamentals are ripe for a very positive, solid comeback, especially in the multifamily sector," Faron Thompson, who attended the conference as the newest addition to Jones Lang LaSalle's real estate investment finance team, tells CoStar. 

Mortgage bankers originated $110 billion of commercial and multifamily mortgages during 2010, with a strong fourth quarter powering an increase of 36% from 2009, according to preliminary estimates based on the MBA Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, released at the conference this week. 

The results show that loan production by life insurance companies sprang back to life in 2010. Life companies were the leading source of lending, with origination volumes 155% higher than 2009 levels. Government-sponsored enterprises Fannie Mae, Freddie Mac and FHA/Ginnie Mae also saw strong volumes, with increases for FHA/Ginnie Mae offsetting declines in production for Fannie Mae/Freddie Mac. Total originations for commercial mortgage-based securities (CMBS) conduits increased more than 10-fold in 2010 while originations for commercial banks saw a year-over-year decline. 

CB Richard Ellis Group Inc. posted an increase of 233% in its commercial mortgage brokerage business, driven by loan originations and strong GSE activity as well as improvements on the parts of traditional and conduit lenders, said CFO Gil Borok during the Los Angeles-based company's fourth-quarter conference call. 

Originations jumped 63% in the fourth quarter over the previous three months and 88% over fourth-quarter 2009, pushing totals above 2009 levels, said Jamie Woodwell, MBA’s vice president of commercial real estate research. The late rally was driven by increases in originations for office properties, which rose 170% over the same period a year earlier; and hotels, which rose 169%. Loans for industrial properties, retail and multifamily rose 98%, 94% and 81%, respectively. Health-care lending was flat at 4%. 

Origination volumes typically grow over the course of the year and changes between the third and fourth quarters are likely driven at least in part by seasonal factors. However, among investor types, CMBS saw an increase in loan volume of 298% compared to the third quarter, by far the largest quarterly jump. The next-largest increase, originations of commercial bank portfolios, rose a more seasonal 102%. 

The stirring of the CMBS market after a three-year slumber reflects the improving picture for commercial real estate fundamentals. In addition to the ten-fold increase for all of 2010, CMBS conduits rose 60-fold increase compared to last year’s fourth quarter. Life companies' volume rose 170% in the fourth quarter over a year ago. 

"Life companies and FHA led the increase in dollar volumes, but a large percentage increase in originations for CMBS is likely the most symbolic change from last year," Woodwell said. 

The MBA's Commercial/Multifamily Mortgage Bankers Originations Index, which averages 100 on a quarterly basis since 2001, started first-quarter 2010 at 45 and rose to 114 in the fourth quarter. That's the highest since third-quarter 2008's 116 and roughly parallel to 2002-2003 levels, according to an MBA chart. 

Compared to the third quarter, fourth-quarter originations for hotel properties saw a 333% increase while health care properties ended the year strongly with a 204% increase. 

Loan Maturities Hold Steady

Only 11% or $155 billion of the $1.4 trillion balance of outstanding commercial/multifamily mortgages held by non-bank investors through Dec. 31, 2010, will mature in 2011, and 9%, $125 billion, will come due in 2012, according to the Mortgage Bankers Association’s 2010 survey of loan maturity volumes. The survey found that maturities vary considerably by the type of investor holding the loan. 

"The long-term nature of commercial real estate means that relatively fewer -- not more -- commercial and multifamily mortgages have been maturing during the throes of the credit crunch and recession compared to other credit types," said Woodwell. "For most investor groups, commercial mortgage maturities are relatively spread out, with some increases starting in 2015 as the loans originated in 2005, 2006 and 2007 come due." 

MBA’s 2010 survey collected information directly from servicers on the maturity years of more than $1.4 trillion in outstanding non-bank commercial/multifamily mortgages. Only small shares of the commercial and multifamily mortgage debt held by life insurance companies, Fannie Mae, Freddie Mac or FHA, or in fixed-rate CMBS will come due in 2011 or 2012. Greater shares of mortgages held in short-term and floating-rate CMBS and by credit companies, warehouse facilities and other investors will mature in 2011 and 2012. 

According to the survey, $155 billion, or 11%, of the total $1.4 trillion balance of outstanding mortgages held by non-bank investors, will mature in 2011 followed by $125 billion, or 9%, in 2012. The maturities vary significantly by investor group. Just 3% of the outstanding balance of multifamily mortgages held or guaranteed by Fannie Mae, Freddie Mac, FHA and Ginnie Mae will mature in 2011. Life insurance companies will see 7% mature in 2011. 

Among loans held in CMBS, 12% will come due in 2011, including 8% the $521 billion of loans in fixed-rate conduit CMBS and 22% of the $190 billion of loans in floating rate and large-borrower CMBS. On the high end of the spectrum, 30% of commercial mortgages held by credit companies and other investors will mature in 2011. 
Wells Fargo, PNC Lead CRE Mortgage Servicers

Wells Fargo led the MBA's year-end ranking of commercial and multifamily mortgage servicers with $451.1 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $337.4 billion, Berkadia Commercial Mortgage with $194.9 billion, Bank of America Merrill Lynch with $126.6 billion, and KeyBank Real Estate Capital with $118.9 billion. 

Wells Fargo, PNC/Midland, Berkadia, Bank of America Merrill Lynch and KeyBank are the largest master and primary servicers of commercial/multifamily loans in U.S. CMBS, CDO and other ABS; PNC/Midland, GEMSA Loan Services, Prudential Asset Resources, Northwestern Mutual, and Northmarq Capital are the largest servicers for life companies; PNC/Midland, Wells Fargo, Berkadia, Deutsche Bank Commercial Real Estate and Prudential Asset Resources are the largest Fannie Mae/Freddie Mac servicers. 

PNC/Midland ranks as the top master and primary servicer of commercial bank and savings institution loans; GEMSA the top credit company, pension funds, REITs, and investment funds servicer; PNC/Midland the top FHA and Ginnie Mae servicer; Wells Fargo the top for mortgages in warehouse facilities; and Berkadia the top for other investor type loans.



Article Source: http://www.costar.com/News/Article/Commercial-Lending-Bounces-Back-In-2010/126366?ref=100&iid=218&cid=A6724F8C401422B891D6863D9B6B9374

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