The Container Store makes an acquisition, the return of Murano glass, and more


The housing market remains tight, but the design industry continues to come up with innovative workarounds – in Britain, that means giving historic water towers a second life as luxury homes. Stay in the know with our weekly roundup of headlines, launches and events, recommended reading and more.

Economic news

The Container Store announced the acquisition of Chicago-based home storage and closet organization solutions company Closet Works in a $ 21.5 million deal, Home accents today reports. President of Closet Works and former co-owner Tom happ will remain chairman and help with the transition. The sale will allow The Container Store to expand its manufacturing capabilities and wood-based product offerings with access to Closet Works equipment and facilities in the United States.

The construction industry had a record year in 2021, recovering 80% of the million jobs lost during the pandemic as the volume of new structures increased dramatically in all categories including institutions, healthcare , housing and manufacturing, Metropolis reports. While a slew of projects came to a halt during the 2020 lockdown, last year’s reopening saw the completion of countless new and renovated cultural venues, business developments and public buildings. The trend is expected to continue in 2022 thanks to the Biden administration’s $ 1.2 trillion infrastructure investment and jobs bill, which is expected to push the volume of government-funded construction beyond of the $ 400 billion mark for the first time this year.

Biomaterials companies also had a strong 2021 as architects, designers and manufacturers sought new avenues towards low-carbon construction, Dezeen reports. Companies like Allbirds, which uses sugarcane bioplastic sneaker foam, and Pyratex, a bio-based textiles manufacturer, have seen explosive growth, the latter having nearly doubled its sales and customers since 2020. In one case, Dutch design studio Biobased Creations created a prototype house built using 100 different biomaterials. “Biomaterials go from trend to reality”, co-founder of Biobased Creations Lucas De Man Recount Dezeen. “It will be the fourth economic revolution.”

Despite having the income to buy a home, high-income millennials are turning to the rental market instead in response to an increasingly competitive housing market, The New York Times reports. A recent study from the online real estate listing service RentCafe found that millennials with an annual income over $ 50,000 submitted 39% of all rental apartment applications in 2021. This number accounts for the largest share of the group in five years, growing 20% ​​over last year compared to the 7% and 12% growth of Gen Xers and Baby Boomers, respectively.

Merchandise importer Case Longwood Forest Products has recalled 39,900 bunk beds, Home News Now reports, in response to a risk of entrapment and strangulation that led to the death of a two-year-old in 2018. Angel Line bunk beds feature an inclined ladder that can move away from or detach from the bed frame when ‘it is raised, which presents a danger to small children. According to the United States Consumer Product Safety Commission, consumers should immediately stop using the product, block children’s access to the device, and contact Angel Line to receive a free repair kit with brackets to reinforce the ladders. and reduce the risk of danger.

Habitat for Humanity built its first 3D printed house, Architectural summary reports, the first in a long series of reports scheduled for years to come. Located in Virginia, the 1,200 square foot structure was built to withstand hurricanes and tornadoes, and was built in just 12 hours using technology from 3D printing company Alquist. In addition to the new home, owner April Stringfield has also received her own personal 3D printer, which will print furniture such as electrical outlet covers and cabinet knobs.

The New York City Economic Development Corporation and the Mayor’s Office of Climate Resiliency announced a new plan to protect a mile-long section of the Lower Manhattan waterfront from rising sea levels and coastal storms caused by climate change, Journal of the architect reports. The Financial District and Seaport Climate Resilience Master Plan will cost between $ 5 billion and $ 7 billion over 15 to 20 years and will extend the East River shoreline up to 200 feet with a flood wall system that also serves as a public space. Climate resilience has increasingly come to the forefront of urban development projects in recent months – perhaps most notably, the Biden administration’s $ 1 trillion infrastructure bill passed in November marked the larger federal investment in protecting communities from the effects of extreme weather conditions induced by climate change.

Messe Frankfurt has canceled its Ambiente lounge, originally scheduled for next month in Frankfurt, Germany, in response to the rapid spread of the Omicron variant of the coronavirus, Home Furnishings News reports. The organizer has also canceled three other events planned for next month – Christmasworld, Paperworld and Creativeworld – and has no plans to reschedule the show from February 11 to 15, joining other German shows IMM Cologne, Heimtextil and Domotex. to forgo this year’s event. “Since order cycles geared towards trends in the international consumer goods industry require an annual event at the start of the year, a move to the second half of the year would not meet the needs of exhibiting companies and visitors.” Detlef Braun, a member of the board of directors of Messe Frankfurt, said in a statement.

Launches and collaborations

The TikTok video app is opening a series of nationwide delivery-only restaurants, TechCrunch reports, where it will serve up a rotating menu with trending items on the app, including baked feta pasta, pasta chips, corn on the cob and “nature’s cereal.” Partnering with Virtual Dining Concepts, the initiative will launch with 300 locations nationwide, with plans to expand to 1,000 by the end of 2022.

recommended reading

Just as some sparkling white wines can only be considered champagne if they are made in the corresponding region in France, real Murano glass is only native to a small island north of Venice, Italy, where glassmakers have been perfecting their art since the late 1200s. Recently, however, designers around the world have put their own spin on colored glass, as the practice has grown in popularity, Hilary reid reports for The New York Times. “The fashion world is getting used to glass again, and there’s a whole new generation of people out there who want to learn how to do the job,” the artist said. Gennaro Pepe Recount NYT.

Color leaders and trend forecasters reliably emerge towards the end of the year to announce their predictions for the next one, including Very Peri’s choice of Pantone as the color of the year 2022, but how they inspire can change. For Daily women’s clothing, Tara Donaldson explains the change, highlighting the influences of social media as a new source of trending, which was once dominated by fashion.

Homeowners and interior designers have an abundance of options when it comes to home decor shopping, but where are priests and nuns supposed to buy items to adorn their churches? For The New York Times, John freeman gill explores the Staten Island warehouse operated by the Archdiocese of New York, where religious leaders from around the world can browse altars, statues and other relics to decorate their spaces.

In memory

British-American journalist and editor beverly russell, whose legacy includes advocating for women in media and design, has died at the age of 87, The New York Times reports. Russell was editor of the trade magazine Interiors in the 1980s, where she led the coverage of articles aimed at industry insiders, posting profiles of design icons, in-depth product reviews, and features highlighting little-known corners of the world. ‘industry. She then published several books defending women in design and architecture, was the editorial director of Architecture magazine and founded creative consulting firm Beverly Russell Enterprises before retiring in 2006.

Home page image: © Unkas Photo / AdobeStock

Previous Chinese Covid policy will be a wildcard for markets in 2022
Next Liquidity of One United Properties shares to be boosted by Raiffeisen Centrobank – The Diplomat Bucharest