Showing posts with label San Francisco. Show all posts
Showing posts with label San Francisco. Show all posts

Wednesday, March 28, 2012

The Bilbao Effect

"The BILBAO effect"
Guggenheim Bilbao by Frank Gehry… I remain surprised that I live in a time, where somewhere in the world, it looks like this.   Shelia Heti.

Growing up, I wanted to be a doctor, a lawyer, or an architect.  Eventually, the idea of architecture was eliminated from the job search.  Figuring out how much concrete and steel would be necessary to keep a 30 story building from collapsing seemed cumbersome, to say the least.  And, calculus kicked my a$$!

Despite my change in career choices, I DO still love a great building. 

This month, DETAILS magazine features an article stating that "architecturally dazzling exhibition halls {museums} are turning out-of-the-way locales into must-visit vacation spots."    (Details, April 2012, page 44.)

And, that brings up a question.....

Why are some structures immediately recognizable????  Years ago, I read a comment:  "If a child can draw a simple 'stick figure' sketch of a building or monument, then it is destined for wide appeal."

Let's see if that theory works.


la Tour Eiffel by Gustave Eiffel. Paris, France
A classic example.... and the answer to our theoretical question would be... YES.   While the Eiffel Tower immediately symbolizes Paris and France, it IS, indeed, fairly simple to draw.   Oh, I love Paris... but I digress. 

Let's try that idea out on a few other examples. 



Cloud Gate by Anish Kapoor.  Chicago, Illinois
"Cloud Gate" affectionally know as The Bean.



Since its formal dedication in 2006 in Millenium Park, The Bean has become one of the most visited landmarks and sculpture instillations in Chicago.  And, it is certaily easy to draw.  


The Great Pyramids. Giza, Egypt
The beauty of these monuments is... self explanatory.


The Burj al Arab. Dubai, United Arab Emirates
The Burj al Arab, one of the world's most luxurious hotels, and, now... a symbol of Dubai.

As was the case with the Guggenheim in Bilbao, some destinations have worked to create a building that would create architectural buzz and, hopefully, improve tourism. In Dubai, they even put their architectural symbol on the license plates.  Guess that you've got to do something will all of that oil money in the desert.  And, once again... easy to sketch.



The Great Wall. China
Drawing of The Great Wall of China from Register's ART illustration series
http://blogs.longwood.edu/art330illustration/
 THE Great Wall of China
Originally, the Great Wall was built to protect the Chinese Empire from nomadic intruders. Today, it is one of the man made wonders of the world stretching nearly 4,000 miles. 


The Golden Gate Bridge. San Francisco, California
The Golden Gate Bridge and one very tired, Joey.   


Like the Great Wall of China, the Golden Gate Bridge, wasn't created to symbolize a city.... folks just needed a bridge. And, that famous International Orange was used because it could be seen the most easily in the San Francisco fog.  Today, it is as iconic as the trolley cars, one of my favorite bridges, and can be drawn by a first grader. 


The Opera House by Jorn Utzon, Sydney, Australia
The Sydney Opera House with the Harbor Bridge in the background

My absolute favorite building in the world!  Despite a dreadfully long plane ride from Los Angeles, 12 hours to be exact, Australia is amazing.  I fell in love at the first, "G'day mate," greeting and screamed when I saw the Opera House.  Dazzling!  And... look at that blue symbol.  Yes, it proves our theory, again. 

Cool theory, huh?

With all of this talk about great architecture, I need to take a trip... and step away from the computer. 


Saturday, March 10, 2012

&^%* HOA Fees

Those HOA fees will kill you!
Huguette M. Clark

New York - "Huguette M. Clark, the mysterious copper heiress who became the subject of public fascination and police investigation after a century of life as a recluse, died Tuesday morning at age 104, registered under a fake name at a hospital in New York City according to several news organizations."  MSNBC

Huffington Post reports that her property holdings in New York City, alone, are believed to be valued in excess of $55 million.  Impressive!  But, even more impressive is that she was paying over $235,000 per year in HOA fees.  Cha ching!

According to the National Association of Realtors, the average Homeowner Association (HOA) fees range from $100-700 per month, nationally.  But, then again, when has NYC ever been considered cheap?


A few other "outliers" in the HOA world certainly deserve mention.....

San Francisco, California
In 1924, Conrad Meussdorffer completed this Beaux Arts apartment building in Pacific Heights.  Each of the 11 apartments comprises an entire floor of the building and are approximately 5500 sq ft. 

The views alone make it one of the most spectacular buildings in San Francisco in an area sometimes referred to as Billionaires Row.

This apartment, recently featured in Architectural Digest, is owned by a tequilla entrepreneur and his wife.  It sold, privately, for between $8.5 and $12 million, in 2009.
HOA fees:  $4,907.85  (PER month)


While in the Bay Area, the St. Regis hotel now features a Penthouse Apartment for sale. 
22 foot ceilings in the living room.
A photo of one of the four terraces.
And, yes, it can be yours for the bargain basement price of $61 million... not including the HOA fees of $5020 per month.
Just for fun, a 20% downpayment is $14,000,000 a jumbo loan at 7.5% (today’s rate) gives $391,560 in monthly payments.
So basically, you have to choke up about $12,900 (mortgage) + $2,400 (property taxes) DAILY! + a twenty each time a valet parks one of our cars.
Assume you pay cash, it’s still $6,400 (amt over 30years) + $2,400 (taxes) daily. How much would such a place rent in daily, weekly or monthly fee? more than $8,800 a day? $61,000 a week? $240,000 a month?


Miami, Florida.
Penthouse A at the Setai in South Beach

This little gem holds the title of being the most expensive condo sold in Florida.  The selling price was $21.5 million and the HOA fees are only $3025 per month.  Not bad for all of that sunshine!



New York City, NY
The Time Warner Center
"In 2008, the most expensive apartment in North America, the 78th floor penthouse of the Time Warner Centre in Manhattan, entered the market with a staggering $65 million price tag or approximately $7,831 per square foot... Monthly maintenance fees and taxes for the pad is a jaw-dropping $30,000 a month...." 


Oh, that brings up the point..... real estate TAXES!!!!!  It is estimated that our late copper heiress was paying between $450,000 and $600,000 per year for her $55 million investment.   In NYC, apartments are taxed at 13.053% of their assessment value. 


Sweet Jesus!!!!!!   Robin Leach's Lifestyles of the Rich and Famous....... indeed!