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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. Additionally, a part of the financing plan includes charging the developers of the 10 skyscrapers planned for the site a fee instead of collecting city real estate taxes.

Finances 243
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A proposal for the second-tallest building in North America sneaks forward in Oklahoma City

Archinect

The tower is included as part of the mixed-use Boardwalk at Bricktown development that calls for a hotel, two condominium towers, and an LED-lit multilevel podium with a pool and other public areas at a site just two blocks away from where the new home of the Oklahoma City Thunder NBA franchise is now being planned.

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Renderings show proposed new White Sox stadium in Chicago's South Loop

Archinect

According to the Sun-Times , Related Midwest is pushing for a “massive financing package” from the Illinois General Assembly to fund the project by the end of spring. The team’s current digs on the Southside would be transformed into a soccer stadium with another 1,300-unit housing component.

Finances 244
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Winners of the 2023 Architecture At Zero competition recognize innovative proposals from students and design professionals

Archinect

What makes this competition brief distinct is the competition's site is connected to a historic California town. The town of Allensworth was established in 1908 by Allen Allensworth and was the first of its kind in the state of California to be founded, governed, and financed by the Black community in the area.

Students 243
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"The people of Los Angeles waited patiently for half a decade to make use of a useless site"

Deezen

Construction was halted in 2019 due to "financing challenges" – one of the many risks of real-estate speculation that should deter reckless development, but doesn't. The people of Los Angeles waited patiently for half a decade to make use of a useless site. While protecting people is the message, protecting property is the principle.

Site 132
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New $4.2 billion JFK Terminal 6 expansion officially breaks ground

Archinect

This news follows the announcement of the terminal’s financing and approval in November 2022. It will offer an anchor for passenger travel on JFK’s north side, spanning the sites of the former Terminal 6 and the existing Terminal 7. The 50-year-old Terminal 7 facility will be demolished.

Finances 311
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New York City Football Club selects HOK to design $780 million new soccer stadium in Queens

Archinect

The ten-year-old MLS franchise has been playing its home matches at Yankee Stadium since 2015 and will soon move into its new privately-financed 25,000-seat home that forms the centerpiece of a development that will include 2,500 units of affordable housing, a hotel, and a 650-seat public school. Conceptual rendering for Willets Point.

Cities 246