Architects As Developers: The Pros & Cons
This article was originally published by Archipreneur as "Reasons Why Architects Can Make Great Developers (or not")."Today, a majority of architects work solely on the design end of the development process. It is common knowledge that the net value of architectural services in a projects? total value amounts to a very small percentage (it?s usually in single digits), which puts architects near the bottom of the financial structure in the AEC industry.
Jonathan Segal?s newest mixed-use project called ?Mr Robinson? located in San Diego. Image © Jonathan Segal Architect
This article was originally published by Archipreneur as "Reasons Why Architects Can Make Great Developers (or not")."
Today, a majority of architects work solely on the design end of the development process. It is common knowledge that the net value of architectural services in a projects? total value amounts to a very small percentage (it?s usually in single digits), which puts architects near the bottom of the financial structure in the AEC industry.Stuck between developers, clients, contractors, and subcontractors, architects are usually in a role that implies great responsibility but proportionally low compensation for it. When we add to that the grievance of not having full control of a project, it becomes clear as to why an increasing number of architects either transition to real estate development or transform their design offices into design-builds.Th...
Jonathan Segal?s newest mixed-use project called ?Mr Robinson? located in San Diego. Image © Jonathan Segal Architect
This article was originally published by Archipreneur as "Reasons Why Architects Can Make Great Developers (or not")."
Today, a majority of architects work solely on the design end of the development process. It is common knowledge that the net value of architectural services in a projects? total value amounts to a very small percentage (it?s usually in single digits), which puts architects near the bottom of the financial structure in the AEC industry.Stuck between developers, clients, contractors, and subcontractors, architects are usually in a role that implies great responsibility but proportionally low compensation for it. When we add to that the grievance of not having full control of a project, it becomes clear as to why an increasing number of architects either transition to real estate development or transform their design offices into design-builds.Th...
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