Can Architecture Predict Recession?

Against the backdrop of the last few years of , we’re getting used to financial analysts predicting the future of the economy – and often getting it wrong. However, Andrew Lawrence’s Skyscraper Index puts forward an economic theory that’s firmly rooted in architecture, and could allow us to predict based on the projects that are being built around us.

The Index is a fairly simple theory: are planned and developed during the peak period of growth, meaning that recession usually hits either just before or during construction. This particularly affects supertall scrapers that are attempting to break records. Lawrence’s theory was further developed by Mark Thornton, an American economist, who found that declining interest rates at the onset of a boom period leads to land prices rising, growth in firm sizes and investment in new construction technologies. All three together mean that offer an economic way to develop costly land with the maximum amount of profit from rent and sales – and plenty of free marketing from attempting a record-breaking project. Famous examples include the Empire State Building, once dubbed the ‘Empty State Building’ as its opening coincided with the Great Depression, leaving the building in the strange situation of making as much money from charging visitors to access the observation deck as it did from renting out office space. In more recent years, the Burj Khalifa has become a notorious example of the theory after ’s spectacular construction boom during the 1990s and 2000s, with more completed or topped out skyscrapers higher than 1400 metres than anywhere else in the world. However, the economic boom led to overbuilding and ’s downfall came when recession hit, resulting in neighbouring Abu Dhabi having to bail out many projects from foreclosures and huge amounts of debt. To show their thanks, the world’s tallest tower was renamed from the Burj to the Burj Khalifa, after UAE President and emir of Abu Dhabi of the same name. In these cases, overbuilding and a wish to break records, combined with vast market speculation, grew from boom period optimism that sadly could not last. Rather than building to demand, developers become swept up in a ‘building fever’, leading to vanity projects and record-breaking attempts with a kind of ‘build it and they will come’ attitude.

The Sears Tower (Matthew Knott), the Petronas Twin Tower (Michael McDonagh) and the Empire State Building (C Kelley)

The Sears Tower (Matthew Knott), the Petronas Twin Tower (Michael McDonagh) and the Empire State Building (C Kelley) all coincided with economic collapse

Critics have argued that this is an unreliable theory; three recessions of the 20th century have not been preceded by any record-breaking projects. Further studies of this phenomenon are currently in progress. Still, it can clearly be seen that when normal building practices are overruled by irrational speculation during boom periods, there is trouble brewing. Advocates of the Index are now looking with concern towards India and China, who both seemingly escaped the effects of the recent global recession. India, which currently has just two skyscrapers, has fourteen planned or in the process of being built, and China is currently home to half of the world’s skyscrapers that are classed as under construction. Whilst none of these currently rival the tallest tower in the world, the Burj Khalifa, all eyes are focusing on the East to see what will happen next.

World Architecture: Dubai’s Lost Projects Part 2

Dubai is a fascinating place for architects, with some of the world’s tallest, strangest and best projects in the process of being built right now. However, despite Dubai’s relative wealth, it couldn’t escape the effects of a global . We look at some of the best projects that haven’t yet got past the drawing board in the second part of our .

6. BURJ AL ALAM

Burj Al Alam – renders by Fortune Group

Burj Al Alam – renders by Fortune Group

The Burj Al Alam was to be one of the world’s tallest buildings until its construction was put on hold shortly after piling works to the foundations was completed due to delays in payments from investors. At a proposed 510 metres high, it would be taller than the famous Taipei 101 tower in Taiwan, but renders show it to be a delicate, intricate design with a slender, hyperboloid tower topped with a crown resembling a crystal flower. As a mixed-use tower, 74 floors would be dedicated to office space and the top 27 floors would be residential and luxury hotel accommodation. Within the six storey crown there would be a luxury Turkish bath, sky garden and private club facilities, and there would be retail units situated in the base of the tower. Construction began in 2006, but the tower is still suffering from heavy delays and may be on hold for the foreseeable future.

7. ANARA TOWER

The Anara Tower – renders by Atkins Design Studio

The Anara Tower – renders by Atkins Design Studio

Don’t be fooled by its appearance – the Anara Tower wasn’t a wind turbine but, more surprisingly, it didn’t even contain a wind turbine anywhere in its design. The turbine-style glazed pod at the very top of the tower was, in fact, a luxury restaurant designed to give the best of panoramic views from around 600 metres in the air. The shape of the tower was also designed in such a way that 60% of the building had panoramic ocean views, as well as having two multi-purpose sports courts, food and retail areas, a swimming pool and four sky gardens providing green outdoor space for residents.

Influenced by the iconic shape of minarets, Atkins Design Studio sought a recognisable shape for both local and international visitors, deciding on the wind turbine design. Not only did the design showcase the tower’s eco-credentials (maximising water and energy efficiency in addition to complying with LEED certification requirements), but it had also been designed with the future in mind, with the rear elevation allowing for future expansion of the building through four connecting sky bridges. Unfortunately the tower design wasn’t completely ‘future-proofed’, and was cancelled in 2009.

8. ROAD AND TRANSPORT AUTHORITY HEADQUARTERS

The RTA Headquarters – Centre: interior render from Design Design LLC; left and right renders of opposing elevations by Zwarts and Jansma

The RTA Headquarters – Centre: interior render from Design Design LLC; Left and right: renders of opposing elevations by Zwarts and Jansma

Planned to be built in the middle of an artificial lake, the new Road and Transport Authority Headquarters would have been an eye-catching addition to Dubai’s skyline. Created by the Dutch firm Zwarts and Jansma Architects and influenced by the shape of the RTA logo, the structure featured two 20 storey high electronic screens that would have displayed traffic data to the surrounding area. The surface of the manmade lake was to come alive in office hours, swirling and rippling to make a kinetic water show, but at night it would have been calm and serene, reflecting the sky and the building in a ‘water mirror’ effect and making the structure appear to float above the water. The architects were especially interested in the intersection of waterways, subways and highways in reflecting the core work of the Road and Transport Authority.

The unusual exterior, described as a ‘glass crystal with Venetian blinds’, would have been created through the use of sun breaks to reduce reflection and solar gain, saving 20% of the energy usually used to cool the interior. The gridded nature of the façade and its unusual angles would also have made the structure appear different from different angles due to light refraction.

Unfortunately, the project has now been cancelled.

9. TRUMP INTERNATIONAL HOTEL AND TOWER

The Trump International Hotel & Tower – Left: Original design; Centre & right: Revised design – all renders by WS Atkins

The Trump International Hotel & Tower – Left: Original design; Centre & right: Revised design – all renders by WS Atkins

Set to be the centrepiece of the famous Palm Jumeirah Islands in Dubai, the Trump International Hotel and Tower in Dubai underwent several incarnations before deciding on the imposing modernist split tower structure that was set to be completed by 2009. The original design was a tulip-inspired structure with four golden petals sheathing a central circular tower, but later redesigns focused on a split tower that linked at the top, with a monorail and station situated in the open core between the two tower shafts. Positioned in the ‘trunk’ of the Palm Islands, the tower would have acted as a gateway-like structure to the rest of the resort.

As a partnership between local developers Nakheel and the Trump Organisation, the project foundered as a result of the global recession, along with several other Nakheel projects. After being put on hold indefinitely in 2009, the project was finally cancelled in early 2011.

10. DYNAMIC TOWER

The Dynamic Tower – Left: Differing shapes of the Tower 	 Right: The mechanics of the Tower – all renders by Dynamic Architecture

The Dynamic Tower – Left: Differing shapes of the Tower; Right: The mechanics of the Tower – all renders by Dynamic Architecture

The Dynamic Tower is a fairly radical idea, even for the architectural excesses of Dubai – a 420 metre high tower where each floor revolves independently at a maximum rate of 6 metres per minute, or one revolution every 90 minutes. The movement would result in a tower with a constantly evolving shape and appearance. In addition, it would be the world’s first prefabricated , with over 90% of the tower manufactured in a factory and shipped to site, where it would be assembled in two-thirds of the time of a normal . The only true construction work on site would be the building of the core, which would contain services and supply each floor with clean water based on the technology used for in-flight refuelling of aircraft. Each apartment would be a pre-built ‘module’ that would come preinstalled with kitchen and bathroom suites.

Despite the size and scale of the project, the tower would be self-powered through the use of renewable energy. Solar panels fixed to the roof and top of each floor and wind turbines situated between each floor will provide enough electricity to power another five similar-sized towers as well as meet the needs of the Dynamic Tower.

The project has, however, been controversial for more than just the design. The architect, David Fisher, has never built a skyscraper before, and has distributed a biography that claims he has an honorary doctorate from an institution that does not exist. He has also failed to state where the tower would be built as he ‘wanted to keep it a surprise’. Due to delays in acquiring land and issues with patents, as well as financial funding problems due to the global recession, construction has not yet started on the project, despite announcements in 2008 that completion would occur in 2010.