Architecture Billings Index Falls More than Six Points – AIA

Washington, D.C., October 22, 2008 — Following three consecutive months of signs of greater stability in design activity, the Architecture Billings Index (ABI) fell precipitously, dropping more than six points. As a leading economic indicator of construction activity, the ABI shows an approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the September ABI rating was 41.4, down sharply from the 47.6 mark in August (any score above 50 indicates an increase in billings). The inquiries for new projects score was 51.0. This is also the first time in 2008 that the institutional sector has fallen below the 50 mark.

read more @ the SOURCE: AIA.org – Architecture Billings Index Falls More than Six Points.

U.S. Architects Hard Hit by Financial Crisis – Architectural Record

The plunging financial markets this month, followed by unprecedented responses from the federal government, have left many Americans bracing for a deep recession. In the architecture profession, however, the downturn has already arrived, according to a key measure of the market for architectural services.

Read more @ the SOURCE: Architectural Record – Architects Hard Hit by Financial Crisis

First Shopping Center by World-Renowned Architect Daniel Libeskind Opens

Westside Shopping and LeisureCentre, an exciting new development designed by famed architect Daniel Libeskind, opened its doors to the public on Wednesday, October 8. What many
years ago seemed a visionary, perhaps even utopian, concept for a new city district of Bern has finally become a reality. In addition to the 55 shops,10 restaurants and bars, hotel, multiplex cinema, fun bath with wellness and fitness center and senior residency, this mixed-use program radically reinvents the concept of shopping, entertainment and living. With its impressive location above the A1 highway, its direct connection to the tram
and the BERNMOBIL transport network, Westside is a meeting place for the whole greater region of Bern and provides a striking gateway to the city.

SOURCE: Studio Daniel Libeskind – Westside: First Shopping Center by World-Renowned Architect Daniel Libeskind Opens
.

Saudi comes up with a 1,000m tower plan

Close on the heels of Nakheel announcing a “more than one kilometre high tower”, Saudi Arabia has announced the launch of Kingdom Tower, which it termed will be at a minimum height of 1,000 metres.

It is claimed to be the world’s tallest tower and part of the Kingdom City project that is being built by Kingdom Holding Co.

SOURCE: Emirates Business 24/7 – Saudi comes up with a 1,000m tower plan.

Pentagon Memorial dedicated today

“The Pentagon memorial will be inaugurated today 7 years after 9/11. This memorial is the result of a competition won by KBAS Studio, who worked closely with the familiars of the victims. Pre fabrication and computer modelling where vital on the design and construction process of this memorial.”

For pictures of the memorial and its construction go to Arch Daily designed by KBAS Studio

Read more @ the SOURCE: Pentagon Memorial / KBAS Studio | Arch Daily.

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