It is lucky for Aqua Tower architect Jeanne Gang that developer James R. Loewenberg thinks the Oscar Niemeyer architecture of Brasilia, the half-century-old capital city of Brazil, is monotonous and static. If not, he might never have hired Gang for one of the four residential towers of the 28-acre Lakeshore East multi-use development in Chicago. And if that hadn’t happened, there would be no Aqua Tower. Related Links: On Her Precipice “Brasilia is the most boring place because all the buildings were done by the same person,” says Loewenberg, the co-CEO of Magellan Development Group and president of Loewenberg Architects,
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.