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Penn Station redevelopment takes another step forward following financing approval

Archinect

A key state oversight body approved the financing plan to redevelop Penn Station and its surrounding neighborhood Wednesday, greenlighting one of Gov. Kathy Hochul’s loftiest projects, which is estimated to cost a total of $22 billion.

Finances 245
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Boston turns to developer fees to fund flood protection infrastructure

BD+C

City-owned land in Boston’s booming Seaport district is vulnerable to flooding, a condition that will only worsen with climate-induced sea-level rise. To address this threat, city officials have instituted developer fees as a condition to build in the area to help finance a seawall and other protective infrastructure.

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Saudi Arabia lowers predicted number of residents at The Line by 2030

Deezen

The Line mega-city, which is the flagship development for Saudi Arabia's Neom project, will allegedly house fewer than 300,000 people by 2030, down from an original goal of 1.5 Bloomberg has previously reported that the wealth fund is trying to find new cash sources to help finance the project. A source also said that just 2.4

Finances 145
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MSG seeks to create "K-pop Sphere" for Hanam

Deezen

MSG , the owner of venues including Madison Square Garden, has signed a memorandum of understanding with the city of Hanam, located just east of Seoul. A Hanam city official told The Korea Economic Daily that the establishment of the MSG Sphere and K Star World is expected to take three to four years. This would reduce it to 21 months.

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NEOM: Will the Multi-Billion Dollar Mega-City Ever Come to Life? 

Architizer

Having been dubbed the next step in humanity’s evolution, it is no surprise that about $500 billion worth of funding has already been poured into developing the online presence of the new city-state NEOM. But, five years into its development, the project is severely behind schedule and facing further issues at every junction.

Cities 80
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From Cubicles to Community: The Future City. (Part 2)

Community Architect

In this part we will search for the opportunities for a flourishing city beyond the office. Let's find out what trends could provide the seed for a potential success story for the next generation of cities. In the first part of this article we described the current symbiotic relation of downtown and the office.

Cities 84
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What's next for affordable housing in 2024?

BD+C

The urban core is a big focus of development, though there is also clear interest in surrounding neighborhoods. Photo © Ryan Kurtz, courtesy GBBN Architects For designers and developers, this means recognizing opportunities in affordable housing to center people’s needs holistically while responding to the local history, culture, and climate.

Housing 105