HL23 architect says size and money do matter

New York /
Jul.July 15, 2009 06:09 PM

On a recent podcast, appraiser Jonathan Miller spoke with Scott Spector, principal of architecture and design firm the Spector Group, about the importance of interior architecture, stringent budget cuts, and how his firm is performing amid the downturn. Spector has worked on projects including the HL23 near the High Line and the BMW at Competition & Sports Cars in Greenwich, Conn. Spector said that while starchitects are primarily focused on a building’s exterior and main lobby, his firm handles the individual offices, elevators and floor lobbies. “As the executive architect, we are doing about 75 percent [of the work on a project]; we have a niche,” Spector said, adding that his business has been able to remain afloat during the downturn due to its small size of 68 people and a steady flow of projects backed by affluent clients that haven’t stopped building, such as BMW. But he said many companies are paying closer attention to staying on budget than in the past. “But with construction costs 15 to 20 percent lower, they are able to get a lot more with their negotiated amount of dollars,” he said. [Housing Helix]


Related Articles

arrow_forward_ios
(Getty)
Hamptons home prices dip, but North Fork’s hit another record
Hamptons home prices dip, but North Fork’s hit another record
(Getty; Illustration by The Real Deal)
TRD Pro: Condo vs. co-op sale price gap widens
TRD Pro: Condo vs. co-op sale price gap widens
(Photo Illustration by The Real Deal with Getty and Miller Samuel Inc.)
TRD Pro: Twists and turns of Manhattan’s vacancy rate
TRD Pro: Twists and turns of Manhattan’s vacancy rate
concessions, Douglas Elliman, Jonathan Miller, NYC Rental Market, rents
Even luxury rents normalize as overall market softens
Even luxury rents normalize as overall market softens
(Illustration by The Real Deal with Getty)
Contracts for Hamptons, North Fork homes fall 50%
Contracts for Hamptons, North Fork homes fall 50%
(Illustration by The Real Deal with Getty)
Home contracts fall, but remember, “last year was a rocket ship”
Home contracts fall, but remember, “last year was a rocket ship”
(Illustration by The Real Deal with Getty)
What crash? Long Island home prices stronger than ever
What crash? Long Island home prices stronger than ever
(Illustration by Priyanka Modi for the Real Deal with Getty)
Contract signings for NYC homes diminish, as do new listings
Contract signings for NYC homes diminish, as do new listings
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...