Creating an artistic buzz, one real estate development at a time
The First Art Newspaper on the Net    Established in 1996 Thursday, December 5, 2024


Creating an artistic buzz, one real estate development at a time
Emily Eisenhart and her mural at Symphony Square in downtown Austin, Texas on June 28, 2024. Artwork has been part of urban projects for decades, but a new push from developers looking for ways to drive foot traffic has created a boom for the art world. (Ilana Panich-Linsman/The New York Times)



NEW YORK, NY.- On Kilroy Realty’s website, the developer declares that it “has a love affair with great art.”

These days, many builders do.

The 36-story Indeed Tower in downtown Austin, Texas, among Kilroy’s projects, has a suspended sculpture of neon lighting by the Welsh artist Cerith Wyn Evans. The $6 billion Miami Worldcenter, the second-largest urban mixed-used development in the United States behind Hudson Square in New York, has a sprawl of brightly colored artwork and sculptures. At Industry City, a 16-building multipurpose campus in Sunset Park, Brooklyn, a rotating display shows the works of hundreds of creators, including French designer Camille Walala and sculptor Dan Lam.

Emily Eisenhart, who has produced murals in San Francisco, Seattle, Nashville, Tennessee, New York and her hometown, Austin, said developers had become her “patrons of the arts.”

“The canvas just happens to be the side of a building,” she said.

Growing interest in public art for private projects is altering the face of city centers across the country. The presence of art in real estate developments “drives traffic and engagement,” provides an amenity for office employees and increases sales for retailers, said Michael Phillips, president of Jamestown, an international real estate firm and creator of the rotating art program that includes the display in Industry City.

Artwork has been integrated into urban development for decades to help stimulate economic recovery, exemplified by the Depression-era pieces of Works Progress Administration artists that are still visible in many buildings. But in more recent years, some builders in states like Florida and California began to pull back when local governments threatened to require them to put a percentage of their development budgets toward art projects, a mandate that landlords said would drive up construction costs.

Now, postpandemic, sentiments have changed yet again, as developers, in a bleak office market, are adorning their projects with art of all shapes and sizes as they look for ways to attract people who might want to shop, eat, live or work in the area.

A recent study by the University of Cincinnati found foot traffic in areas of the city featuring murals and sculptures increased three times when compared with Cincinnati neighborhoods without art displays. Specifically, in areas with commercial amenities, such as cafes and restaurants, foot traffic is 43% higher in locations with murals than in those without.

Lee Brodsky, CEO of BEB Capital, called the current office market “the hardest office market, at least in my lifetime.” Consequently, he installed a 15-foot mural outside the company’s building in Port Washington in New York, in an attempt to boost “curb appeal,” he said, and attract more office tenants looking for a neighborhood with cultural cachet. The mural features a white lighthouse with a yellow beacon meant to symbolize the company’s properties throughout the East Coast.

“I believe that if we didn’t have art, people would walk in and say, ‘This is very nice, but I’d rather either work from home or stay where I am,’” Brodsky said.

Reaching consumers through culture and community programming is a move that luxury brands have long made: Gucci stores, for example, are essentially art spaces with valuable works on their walls, and Miu Miu has a book club.

At Music Lane in Austin, art has helped to bring in more customers and keep them inside stores, said Andrew Joblon, founder and managing principal at Turnbridge Equities, which developed the shopping and entertainment complex on South Congress Avenue.

“Rather than looking at a blank wall or brick or glass or concrete, they’re seeing some beautiful art, and it’s aesthetically pleasing,” Joblon said. He hopes that shoppers will stay and make purchases after admiring the art.

The art-in-development surge has ignited a boom among artists, consultants, galleries and related endeavors. A recent study by CODAworx, which works to connect artists with projects and commissioners, found that public art commissions last year totaled $4.4 billion from corporations, cities, airports, hospitals, churches and other organizations. Forty-one percent of those commissions were from government agencies, and 59% from commercial, nonprofit and private organizations. And more than 40% of those who commissioned art in 2023 expected to purchase even more art this year, according to the CODAworx study.

“There’s been a huge shift,” said Tze Chun, who started Uprise Art gallery in New York in 2011 and now works with at least 150 artists. “In the beginning, we would really have to convince developers that it was worth investing in original art by emerging artists.”

The trend has not only enhanced developments but also raised the fortunes of artists. “They’re giving us the means and platform to truly express our artistic vision,” said J Muzacz, an Austin mosaic artist who chronicled his city’s eclectic street art scene in the book “ATX Urban Art.”

A mural can cost building owners more than $400,000, and one-of-a-kind art objects, such as sculptures and designed light works, can push costs even higher. Chris Heimburger, executive vice president of development at Kilroy Realty, the developer behind the Indeed Tower, said each piece of art at Indeed was worth “many thousands of dollars.” And, he said, at Kilroy’s 30-story 350 Mission Street Tower in San Francisco, which opened in 2015, expenses for a 40-foot-by-70-foot digital media wall, as well as other art, ran into the millions.

Developers have also increasingly installed art in residential buildings as a popular amenity to help draw tenants. Steven Charno, president of Douglaston Development in New York, said art had become a “significant investment” in his company’s portfolio, including at 3Eleven, a 60-story residential property that opened in Manhattan in 2022.

“From Day 1, we set aside money in the budget for artwork, and we hadn’t done it before to this scale, but we’re really glad we did,” Charno said, noting that artwork “helps to differentiate us” from competitor buildings in the same neighborhood. “We think it makes a big difference.”

Jonathan Rose, founder and president of Jonathan Rose Cos., which co-developed Sendero Verde, a three-building residential project that opened recently in East Harlem, said artwork helped establish “a deeper connection” to the culture and history of the neighborhood. Sendero Verde, which includes more than 700 affordable housing units, features two outdoor murals by Hispanic artists Maria Dominguez and Betsy Casañas portraying the native plants and history of the area dating to the Indigenous Lenape people.

Eisenhart, the Austin artist, said she typically conducted meticulous research and interviews before climbing atop a scaffold. On a terrace at Symphony Square, a mixed-use development near downtown Austin, is a large abstract mural that Eisenhart painted as a tribute to the city’s music scene and Waller Creek, a 6.7-mile tributary that cuts through the heart of downtown. Her artwork depicts an array of musical and ecological touches, including a xylophone and trumpet, flora and fauna, salamanders, limestone banks and other features.

Symphony Square’s developer, Ivanhoé Cambridge, also has a high-rise in the musically rich neighborhood Deep Ellum in Dallas. That building, called the Stack at Deep Ellum, displays an 8,500-square-foot mural depicting guitarist and Dallas native Stevie Ray Vaughan; blues legend Huddie Ledbetter, better known as Lead Belly, who once performed on the streets of Deep Ellum; and other musical and civil rights icons.

Rose said he did not think art always “has to be about increasing the bottom line.”

“It can actually be about increasing the quality of life,” he said, “and that’s what we think this does.”

This article originally appeared in The New York Times.










Today's News

September 4, 2024

A Finnish artist and the apartment and paintings she left behind in SoHo

University Archives announces Rare Signed Autographs, Manuscripts, Books & Memorabilia auction

Music stays in tune at Roland Auctions NY August 24th multi-estates auction

Rare German Schucos & pre-war tin planes consistently defied pre-sale estimates at Milestone's Aug. 24 toy auction

Georgia's Tallulah Falls is the subject of a museum exhibition

Important key works from the various periods of Robert Longo's production on view at The ALBERTINA

Splendid works from the Baroque at Koller Auctions

Sotheby's to offer Abrams Collection, including works by Noguchi and Marisol

Leen Voet will exhibit new works from two different series in Brussels

The 4 mysterious guardians of artist Lee Bul

Lee Kang-So joins Thaddaeus Ropac

Christie's to offer figures and snuff-boxes from the collection of Franz Eugen Burda

Creating an artistic buzz, one real estate development at a time

Heritage Auctions to offer more than 2,000 costumes, weapons, props, set decorations from Game of Thrones

Sotheby's unveils personal artifacts from the collections of Amy Winehouse & Marianne Faithfull

Puppentheatersammlung to open at its new location in Kraftwerk Mitte

Major fashion exhibition featuring Alexander McQueen and Ann Ray arrives this fall at GRAM

Gagosian to present new works by Nan Goldin in New York

24 works of fiction and poetry to read this fall

Born into fame, this actress could soon have more of her own

Galerie Jeanne Bucher Jaeger announces 'Evi Keller: Origins'

The Air de Paris gallery exhibits around forty masks by Ingrid Luche

Safety Tips for Driving a Rental Car in a Foreign Land

Elevate Your Art Career with a Professional Online Portfolio




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful