ARCHITECTURE
artofinequality_150917_web
artofinequality_150917_web
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
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