Posts tagged with "Architecture"

Airbnb’s Samara group to design and construct homes for communal living

December 3, 2018

Airbnb has already changed the way people travel. Now, the eight-year-old company is aiming to bring the peer-to-peer economy to housing, with the introduction of Backyard—described on a new website as “an initiative to protype new ways homes can be built and shared, guided by an ambition to realize more humanistic, future-oriented, and waste-conscious design.”

Airbnb’s design studio, Samara, announced the project on November 28, CNBC reports. The Backyard initiative will “investigate how building could utilize sophisticated manufacturing techniques, smart-home technologies, and vast insight from the Airbnb community to thoughtfully respond to changing owner or occupant needs over time.”

The goal: To test prototypes Backyard units as soon as the fall of 2019.

“We began with a simple question: What does a home that is designed and built for sharing actually look and feel like?” Airbnb co-founder Joe Gebbia—who alo serves as the leader of the design and innovation studio Samara—said in a statement about Backyard. “The answer is not simple at all.

“Other questions quickly emerged,” said Gebbia. “Can a home respond to the needs of many inhabitants over a long period of time? Can it support and reflect the tremendous diversity of human experience? Can it keep up with the rate at which the world changes? Can we accomplish this without filling landfills with needless waste?

“It’s a tall order.”

While there are no details about what the homes might look like or how much they will cost, Gebbia told Fast Company that Backyard isn’t just about a house, it’s an “initiative to rethink the home.”

“We helped people activate underutilized space—from a spare bedroom or treehouse to your apartment while you’re away—and built a community that connected people around the world,” Gebbia said. “With Backyard, we’re using the same lens through which Airbnb was envisioned—the potential of space—and applying it more broadly to architecture and construction.”

As The Washington Post points out, the project “could augment Airbnb’s home-rental marketplace, adding real estate development to its portfolio, as cities continue to limit the company’s short-term rentals.” Cities from New York to Washington, D.C., and Boston are passing regulations that have the effect of restricting Airbnb offerings.

Airbnb management started the initiative by surveying the construction industry for practical solutions—but quickly found that it would be “necessary to start from a blank slate.”

“If we’re truly going to reimagine the design of homes,” Gebbia remarked, “ we have to be holistic. We can’t approach Backyard solely from the point of view of design, architecture, urbanism, civic ordinance, sustainable materiality, or manufacturing. We have to grapple with the whole of it.”

He said, “For us, this goes beyond a business opportunity. It’s a social responsibility. The way buildings are made is outdated and generates a tremendous amount of waste. In order to meet the demands of the future, whether it be climate displacement or rural-urban migration, the home needs to evolve, to think forward.”

It’s a tall order—and, says CNBC, Airbnb is not the only company expanding into residential real estate and shared living space: In 2016, collaborative workspace startup WeWork launched WeLive— which currently has two apartment locations (one in New York City and the other in D.C.). Both have dorm-like living spaces and communal social spaces.

Research contact: @sarahelizberger

Watch this space: Morgan Stanley revamps offices to attract Millennial workers

October 9, 2018

Morgan Stanley, the multinational investment bank and financial services firm, has announced plans to remodel about 1.2 million square feet of office space in its branches worldwide over the next 15 months.

The goal is to attract Millennials to the Morgan Stanley workforce by designing a much more engaging and tech-savvy business environment.

As part of the project, called Workplace Evolution, the company will move its technology experts closer to its brokers, traders, and bankers, Head of Technology Rob Rooney told Bloomberg in an interview posted on October 8.

Changes initially will be made to the space used by the company’s wealth-management operations—where the bank is using new algorithms and machine learning to help more than 15,000 brokers make trade suggestions to clients and handle more routine tasks. Then, the trading floors, investment-banking offices and space tied to asset management will all get a remake.

 “The workplace needed to be designed around a much more dynamic, Millennial kind of workforce,” said Rooney, 51, who stepped into the technology role this year. “We’re trying to attract the next generation of the best and brightest.”

Demolition work at One New York Plaza in lower Manhattan already has created open floor plans that offer employees expansive views of the Statue of Liberty and Hudson River—a perk previously reserved for senior executives cloistered in their wood-walled offices. Now, glass partitions and interactive whiteboards abound, and the dress code is decidedly more casual.

The first phase represents about 9,000 seats around the world, although the project may expand, Rooney told the business news outlet.

Modernization isn’t optional for a firm like Morgan Stanley, Ekene Ezulike, global head of Corporate Services, told Bloomberg. “The question is how quickly we do it, versus whether we should do it,” he said.

As little as 60% of Morgan Stanley’s work space is occupied at any given time, according to Ezulike, who said the changes will push that rate as high as 90% as options such as desk sharing let more people use fewer seats.

Despite the less stuffy dress code and other updates, Morgan Stanley shouldn’t be confused with a Silicon Valley startup, Rooney told the news outlet. While there’s no kombucha on tap as there is at Goldman Sachs’s revamped San Francisco offices, there are common dining rooms, and the firm hired its first-ever community manager, Fiona Thomas. She helps plan office get-togethers and is overseeing a meditation event that was oversubscribed.

Research contact: @sonalibasak