“This week, we were reminded yet again of the possibilities offered by the famous plastic bricks: A LEGO version of the world’s tallest building has been unveiled,” writes Architizer. “At 56 feet (17 meters), the Brick Khalifa is claimed to be the tallest building in the world made out of LEGO. The mammoth model contains 439,000 LEGO pieces and weighs in at 1 ton. Construction took over 5,000 hours.” It was completed by a team at LEGOLAND Dubai and opened to the public on Halloween.
“Drones and CRE are ramping up a beautiful partnership,” writes Bisnow. “The construction industry could have an $11B economic impact on the drone industry in the next four years and the real estate industry could have a $265M impact, according to estimates by Trumbull Unmanned. Trumbull founder/CEO Dyan Gibbens says one-tenth to one-fifth of the real estate photos she sees are taken via drone. But aerial photography only scratches the surface of what drones can do for the CRE world.”
CBRE rounds up a plethora of trends happening in the Chicago office market in its latest video. The third quarter office overview covers what’s driving those trends and what we can expect in 2017. Highlights from the short video include absorption rates downtown, the suburb-to-downtown migration, as well as what’s happening in the active sub-markets. Visit CBRE on YouTube for the whole video.
“October’s total construction employment of 6,679,000 marked the highest level since December 2008,” writes Construction Dive. “Year-over-year construction employment was 3.0% higher last month than in October 2015. Average hourly earnings in construction rose 3.2% in the past year to $28.39 in October — almost 10% higher than the average across all private sector industries.”
“For the next few years, the affordable vacancy rate is expected to remain flat while the multifamily vacancy rate is expected to drift upwards due to the high level of construction underway,” writes National Real Estate Investor. “Reis expects affordable housing demand to exceed supply for 2016, but for supply to exceed demand for the ensuing few years. Similar to the multifamily sector, our forecast shows a slowdown in annual rent growth over the next few years.”
“Every great building begins as a smaller version of itself,” writes Wired. “Smaller in scale and smaller in budget—but not necessarily smaller in ambition. Many architectural models are as ingeniously constructed as their larger, multi-million dollar counterparts.” What’s more, “Every model involves some degree of visual trickery, to convince you that you’re looking at a perfectly shrunken replica of a full-sized building.”
The green building industry is rapidly expanding, with the number of green projects doubling every three years, according to a 2015 report from Dodge Data & Analytics,” writes Construction Dive. “Additionally, the sector is set to account for more than one-third of jobs in the nation’s construction industry — 3.3 million — and $190.3 billion worth of labor earnings by 2018, according to the U.S. Green Building Council. To test your general knowledge of some of the biggest news and trends in the green building industry, we’ve put together this quick quiz.” Take the quiz here.
In an ongoing series, Bisnow is charting the Forgotten History of Chicago’s Supertalls. So far, the weekly series has spotlighted Chicago giants like Wills Tower, Aon Center, Tribune Tower, Aqua, John Hancock Center and the Board of Trade Building. Each installment shares a handful of mostly unknown or forgotten facts about the featured building. For example, “A total of 149 reliefs are installed into Tribune Tower, including Notre Dame Cathedral, the Great Pyramids, the Alamo, Redwood National Forest, Old Comiskey Park, Vienna’s St. Stephen’s Cathedral (shown here) and a piece of steel recovered from the World Trade Center.”
“There are at least as many definitions of architecture as there are architects or people who comment on the practice of it,” writes ArchDaily. “Most days, architecture is a tough practice; on others, it is wonderfully satisfying. Perhaps, though, most importantly, architecture is accommodating and inherently open to possibility. This collection of statements illustrates the changing breadth of architecture’s significance; we may define it differently when talking among peers, or adjust our statements for outsiders.”
“Chicago’s West Loop has quickly transformed from meatpacking district to the see-and-be-seen urban destination for creative, tech and office-rise, warehouse-style buildings with unobstructed views of the Chicago skyline,” writes Aleksandar Sasha Zeljic on the Gensler on Work blog. “One of the newest developments within this corridor is Fulton West, a project Gensler is designing for Sterling Bay. Fulton West is a nine-story, 292,000 square foot speculative office development with 610 on-site parking spaces in an attached 250,000 square foot parking structure.” Leopardo is serving as general contractor on the project, which topped out in late August 2016.