Air rights transactions have become essential in urban development, allowing cities to grow vertically while preserving limited land resources. Typically defined as the right to use or sell the space above a property, air rights enable property owners to transfer unused floor area ratio (FAR) to neighboring parcels, creating increased density and financial gain opportunities. However, the definition can vary based on locality and region, as each country interprets air rights and the ability to build or transfer them differently. As urban centers face mounting pressures from limited land supply and population growth, air rights continue to offer a creative solution that fosters architectural innovation and economic efficiency.
Real Estate Architecture: The Latest Architecture and News
Embodied Carbon in Real Estate: The Hidden Contributor to Climate Change
The window for solving climate change is narrowing; any solution must include embodied carbon. The Sixth Assessment Report published by the IPCC (Intergovernmental Panel on Climate Change) concludes that the world can emit just 500 gigatonnes more of carbon dioxide, starting in January 2020, if we want a 50 percent chance of staying below 1.5 degrees. In 2021 alone, the world emitted about 36.3 gigatonnes of carbon, the highest amount ever recorded. We’re on track to blow through our carbon budget in the next several years. To quote the IPCC directly: “The choices and actions implemented in this decade will have impacts now and for thousands of years (high confidence).”
Stockholm Wood City: Construction of the World's Largest Urban Development Project in Wood to Begin in 2025
Atrium Ljungberg has just revealed Stockholm Wood City – the world's largest urban construction project in wood. Construction on the project is expected to begin in 2025, and the first buildings are expected to be completed in 2027. The initiative is a demonstration of Swedish sustainability.
The largest wood-building project in the world is now in progress, covering an impressive 250,000 square meters. The project sets a sustainable example for the real estate market, which is essential because built structures contribute a sizeable 40% of the world's CO2 emissions. Furthermore, Stockholm Wood City is set to become a turning point in sustainable architecture and urban planning. Situated in Sickla, southern Stockholm, this innovative neighborhood will offer an additional 2,000 houses and 7,000 business spaces. By merging workplaces, homes, neighborhoods, dining establishments, and retail spaces, it aims to create a vibrant and dynamic urban environment.
Exploring the Contradictions Between Homes and Real Estate: The Estonian Pavilion at the 2023 Venice Biennale is Curated by Aet Ader, Arvi Anderson, and Mari Möldre
The Estonian Centre for Architecture has chosen the exhibition “Home Stage,” curated by Aet Ader, Arvi Anderson, Mari Möldre of b210 Architects, to represent the Pavilion of Estonia at the 18th International Architecture Exhibition of La Biennale di Venezia. Hosted in a rental apartment close to the rear exit of the Arsenale complex, the exhibition explores the contradiction between the living place as a home and as an exchange value. Various Estonian performers will each spend a month in the Venetian rental apartment, which will become both a home and a stage. The exhibition will be open from May 20 to November 26, 2023.
First-Ever NFT Office Building is Sold in New York City
A developer in NYC purchased the first-ever non-fungible token (NFT) Office building in New York City. "Located" at 44 West 37th Street, the 4700 square meters NFT serves as an immutable digital asset that points to transforming how we design, build, operate, and monetize our spaces with only "one-click". The 16-story building was created by spatial intelligence company Integrated Projects and questions the function of architecture in Real Estate and the Metaverse.
The Aestheticisation of Inequality: Contrasting Landscapes on the Periphery of Mexico City
The region we know today as the Metropolitan Zone of the Valley of Mexico (ZMVM) has had a continuous and dynamic occupation for more than 4,000 years. Archaeological and anthropological evidence reveals the presence of complex human societies on the banks of the lake basin, starting with Tlatilco and Cuicuilco in the Preclassic period, passing through Teotihuacan in the Classic period, and culminating with the different urban centres of Nahua affiliation in the Postclassic period, with the cities of Mexico Tenochtitlan-Tlatelolco, as well as Texcoco, Azacapotzalco, Iztapalapa and Chalco, among many others, undoubtedly standing out.
Noourbanographies of the Information Age: Your Real Estate Interior
Can a collective agency, or mind, be traced across the urban condition? And how should we map its effects on the physical matter of our cities? A specific representation of a specific type of ‘home’ is employed as an exercise in defining the impact of a “logic of thinking that is both embodied and distributed, singular and collective.” Hélène Frichot’s proposal for “Noourbanographies” was written as a response to the call for papers of the “Eyes of the City,” well before our domestic interiors became the new public. Looking at the distance between hegemonic collectives and ecologies of subjectivities as space for action, the essay opens up to an articulate range of issues that involve matters of care, diagrammatic thinking and spaces of control.
For the 2019 Shenzhen Biennale of Urbanism\Architecture (UABB), titled "Urban Interactions," (21 December 2019-8 March 2020) ArchDaily is working with the curators of the "Eyes of the City" section to stimulate a discussion on how new technologies might impact architecture and urban life. The contribution below is part of a series of scientific essays selected through the “Eyes of the City” call for papers, launched in preparation of the exhibitions: international scholars were asked to send their reflection in reaction to the statement by the curators Carlo Ratti Associati, Politecnico di Torino and SCUT, which you can read here.
Buying A Home: What You Should Know Before You Purchase
Access to housing, both in the case of purchasing or renting, with any type of financing, is usually one of the most important economic investments in people's lives. It is natural to ask oneself what considerations are necessary in order to have a knowledge base before acting.