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ARCHITECTURE

The_Art_of_Inequality

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10 ft 20 ft<br />

Broadmoor Development Company, Broadmoor Apartments, Aksarben Village, Omaha,<br />

Nebraska, announced in 2015. Typical unit plans, from left: Brandeis (studio), Flatiron<br />

(studio). Drawn by Nabila Morales Pérez.<br />

ment at Pinhook Flats rented for between $940 and $1,275<br />

per month, while a two-bedroom, two-bath went for between<br />

$1,220 and $1,365. 38 That puts the one-bedroom<br />

units close to the middle of the household rent scale tabulated<br />

by the AHS. 39 And, assuming a household income<br />

of about $40,000, it puts the residents of Pinhook Flats’<br />

one-bedroom apartments in the lower half of the population<br />

by income, and possibly in the bottom 40 percent or<br />

what Piketty calls the “lower class;” those who are projected<br />

to control only 15 percent of the country’s wealth by 2030. 40<br />

In typological and sociological contrast, Wind by<br />

Neo, a 41-story condominium tower, was opened in 2008<br />

by Neo Epoch, “the progressive developer that pioneered<br />

lofts in the Miami downtown area with its previous Neo<br />

Lofts and Neo Vertika projects.” Here, even rooms have<br />

distinctive names. According to miamicondolifestyle.com:<br />

The kinetic nature of Wind by Neo provided the<br />

inspiration to create a completely different urban<br />

living environment with flexible spaces that are<br />

adaptable to each person’s individual preferences.<br />

From Exo-Rooms—11-foot deep spaces which<br />

function as outdoor living areas—to the interior<br />

K-Rooms—kinetic residences with flexible indoor<br />

spaces—Wind by Neo is sure to meet the ever changing<br />

lifestyles of its occupants by offering maximum<br />

flexibility in a downtown living experience. 41<br />

10 ft 20 ft<br />

Humphreys & Partners Architects, Pinhook Flats, developed by Alchemy Development<br />

Corp., Aksarben Village, Omaha, Nebraska, completed in 2012. Typical unit plans,<br />

clockwise from top left: Strike the Gold (studio), Unbridled (two-bedroom), Timeless<br />

Design (live/work one-bedroom). Drawn by Nabila Morales Pérez.<br />

Between December 2014 and April 2015, nine units sold in<br />

Wind by Neo, from one to three bedrooms, at an average<br />

price of about $350,000. 42<br />

Assuming a fully paid mortgage and no additional<br />

capital, ownership of a unit in Wind by Neo probably<br />

puts residents somewhere in the fourth quintile,<br />

or the top 40 percent (in the middle of Piketty’s “middle<br />

class”) by wealth, exclusive of other income. Their life-<br />

114 115

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