“Colors of an Ancient Beirut” is part of the ongoing Zaha Hadid Project, a major project of the Dubai-based Zaha Hadid Architects. The project aims at recreating the cultural and historic heritage of the Holy Land in an online interactive website. It draws on traditional artistic and architectural forms, explores the significance of color in architecture and shows how art and architecture have been a source of inspiration for many of the world’s great artistic and architectural geniuses. “Colors of an Ancient Beirut” (not to be confused with “colors of Jerusalem”, which is a separate project) is part of the exhibit “The Power of Art: Middle East and Urban Design” at the Saachi International Art Gallery in Honolulu. The exhibition is scheduled to run until October 2021. A preview of the exhibition can be seen here.
Zaha Hadid was one of the most accomplished architects of her time and this project was closely modeled on some of her buildings. It used some traditional lw designs such as the symmetrical hexagonal “I Love New York” cap hit up by curves and graceful straight lines, the asymmetrical “Guggenheim Museum” with its symmetrical blue and white travertine roof and its rectangular gray and white gazebo and the asymmetrical “Lincoln Center for the Arts” with its glass and steel roof. Some of the ideas were also taken from her buildings in Abu Dhabi (site of the Modern Library), Tokyo (the Tokyo Tower) and Florence (where she designed the Domus Studio). The architect has left us with these wonderful works, which we celebrate in this article.
“Apres Ufa – The Power of Art” was designed by Zaha Hadid with assistance from several key partners (Palo Alto-based architect Frank Gehry, Print Studio NYC with assistance from Zaha Hadid, Judith Lichtenstein, former HTC employee Peter Eisenman, and Urbanator Inc. With Frank Gehry as main contractor). We see the results in the detailed staging of the building and the seamless transition from the cap space to the finished product. We are treated to a series of perspectives that we rarely get to experience elsewhere.
“The Ufa Process and the Building of a Home” is the second in the post-season series and was designed by architect Daniel Libeskind. In this series we will cover some of the more technical aspects of the development. We will cover the use of texture in the design, the building materials and the construction methods. We will look at the relationships between the different elements of the building. We will move from a basic framework of cube warehouses, using Lw and UFA as the fundamental frames to much more detailed stylized models.
The third post-season design is “Apres of a Cap Hit”. This post-season series looks at the relationship between UFA and Lw, focusing on the constraints placed upon the company by the constrained commercial market of the early twenty-first century. A presage of what is to come from a new generation of loft residential architecture was seen in this article. We will go through each of the major components of the home and discuss how they relate to the context of the project.
The fourth post-season feature is “Share Equity with a Friend: A Presage of the Future.” Using the example of an earlier loft residential building, this post-season series considers the role of the members share equity in the overall success of the project. Using the conventional method of financing (which is essentially debt capital), members share equity provides the necessary cash flow to fund all of the costs and then pay down the interest over time. But, it requires significant upfront financing costs, which is not something that most members are prepared or willing to undertake.
The fifth and final post-season series focuses on “The Power of Pre-emption.” In this post-season piece, UFA strategist Rob Nevins identifies two major forces that will determine the future of UFA. The first is the shift to patronage dividend financing, and the second is the impact of regulatory changes. Drawing on his extensive experience as a certified public accountant, Nevins identifies the advantages of both forms of financing, offering practical insights into the choices available to real estate professionals looking to establish UFA relationships.
Finally, we turn to the most dramatic and one of the most talked about changes to ufa financing in recent years, the ban on former team members promoting through third party intermediaries. Proponents argue that ufa as a real estate financing solution has been intrinsically compromised by the rise of third party intermediaries and their ability to act as a gatekeeper to traditional brokers and developers. In support of their position, the authors point out that the ban on ufa promotion is likely to reduce the number of developers seeking to raise capital through ufa and reduce the amount of time that agents spend researching and acting on potential opportunities. While some current agents will be forced to adapt by focusing more intently on developing relationships within their current sector, others will seek to increase their exposure to ufa opportunities by diversifying into other areas.