Last week we shared with you 5 essentials models you should know in crowdfunding for architects. Today we present you 6 successfully crowdfunded architecture projects:

Crowdfunded Architecture Lowline by James Ramsey and Dan Barasch

One of the most notable ones is Lowline. The project to repurpose the old Williamsburg Bridge Trolley Terminal under Delancey Street in New York City into a public green space was envisioned by Lowline co-founders James Ramsey and Dan Barasch. They discovered the space several years ago and saw its potential as a kind of underground version of the High Line.

After presenting their idea to the Metropolitan Transportation Authority, which controls the space, they created a Kickstarter campaign to raise $100,000, which would pay for the Lowline Lab, an open laboratory and technical exhibit designed to test and showcase how the Lowline will grow and sustain plants underground. The proposal raised almost $224,000 through its latest campaign, making it “the most funded Public Art project” on the popular crowdfunding platform to date. The Lowline Lab ran from October 2015 through February 2017, the permanent space however is pending.

See the kickstarter campaign here.

Splash House by Parsons Design Workshop

Another crowdfunding success is located north of the proposed Lowline. Graduate architecture students from Parsons The New School for Design recently completed Splash House-pool pavilion, which was also funded through Kickstarter. Despite the support of individuals and corporations, the team needed additional funding to start construction.

Their goal was $15,000, which they exceeded by scoring $16,493 from 232 backers, many of whom lived or worked in the neighborhood.

See the kickstarter campaign here.

The Jennings Hotel

The world’s first crowdfunded hotel and artist residency was realized by Greg Hennes in Oregon. In a recent interview the entrepreneur and founder of The Jennings Hotel spoke about his crowdfunding campaign.

Greg bought the century-old building in Joseph, Oregon, in 2014. The preparation and shooting of the Kickstarter campaign took 6-8 months, but it was a success. The goal of $80,000 was exceeded by raising $107,070 from 870 backers. He could redevelop the building – then a mess of run-down apartments and offices – back to its former beauty as an eight-room hotel and artist residency. You can now book the rooms via Airbnb.

See the kickstarter campaign here.

Cabin Spacey

Another way to use crowdfunding is to get seedfunding for your project. You can compare crowdfunding in this initial stage of a new business to approaching investors including friends, family and neighbors, and asking them to give you money. 

The architect duo of  CABIN SPACEY launched a successful crowdfunding campaign to raise money to build a prototype of their innovation: tiny cabins, that will be located on cities’ existing and yet unused spaces – rooftops, parking decks, gable walls and temporary lots.

In an interview with Archipreneur the architects stressed, that you have to be aware of the work it will take:

Producing this [campaign] material needs care, time and deliberation; one shouldn’t underestimate that. The more time you have to focus on the preparation, the better your campaign will feel and the more fun you will have in promoting your baby.

139 backers raised $30,848 exceeding the goal by 106%.

See the indiegogo campaign here.

Steam Ring Generator by BIG

Even starchitects are starting to embrace crowdfunding. In 2015, Bjarke Ingels launched a crowdfunding campaign on Kickstarter to realize a prototype of their “steam ring generator”, in Copenhagen – a steam chimney for the world’s “cleanest power plant in the world”. We spoke with Jakob Lange, Partner at BIG and Head of the BIG Ideas project unit, about the the steam ring generator in our interview.

The team exceeded their $15,000 goal, with 399 backers pledging a total of $29,520.

See the kickstarter campaign here.

Maketto

The brothers Daniel and Ben Miller made crowdfunded architecture their business model and told us about it in an interview. They founded the crowdfunding platform Fundrise with the vision to completely democratize real estate investment by removing the middlemen and the outdated regulations that restricted who and how people can invest in real estate.

It was a success, their first project was a unique urban boutique project in Washington D.C. called Maketto – a hybrid, half-retail, half-restaurant. It was the platform’s first offering when it launched in 2012 – back before anyone knew about the possibility of crowdfunding real estate.

It raised $325,000 from 175 individual investors who invested from $100 to $10,000 into the crowdfunded architecture project to support the launch of a new business.

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Do you know more successful crowdfunded architecture projects? Tell us about them in the comments.

The post Build Your Own: 6 Successfully Crowdfunded Architecture Projects appeared first on Archipreneur.

Greg’s career as an entrepreneur has gone in various directions. He is the co-owner of a camera equipment rental business in Portland, he created the brand and online shop antler&co selling bookshelves, hangers, and mobiles all made of (you guessed it) deer antlers, and his ironic product Campfire Cologne, a box of sticks that smell like “your best summer ever” is sold at various retailers worldwide, including Urban Outfitters.

When Greg came across The Jennings Hotel in Joseph, Oregon, it was love at first sight. He bought the century-old building in 2014 and launched a Kickstarter campaign to redevelop the building – then a mess of run-down apartments and offices – back to its former beauty as an eight-room hotel and artist residency.

Greg brought together seven artists and designers to each transform one of the hotel’s rooms. As an experienced builder and having built his own cabin, Greg did most of the remodeling work himself and transformed the eighth room.

Keep reading to learn from this self-proclaimed “dreamer-entrepreneur” and see images of the redeveloped Jennings Hotel.

Enjoy the interview!

Could you tell us a little about your background?

There’s no single thread, I just chase what excites me and see if I can make it work. I started my first business – a photo equipment rental shop – in 2006, then built a brand called antler&co, created campfire cologne, co-founded a holiday market (the Portland bazaar) and now work full time on the Jennings. Somewhere in there I built the cabin, too.

You raised money on Kickstarter to transform an over 100-year-old hotel in Joseph, Oregon, to its former beauty. Can you tell us a little about your process to get the crowdfunding campaign going?

It was a lot of work and it was very collaborative. I worked with my friend Leah Brown on the video and talked a ton to other folks I know who’d run kickstarter campaigns. No one had ever tried what I was doing, so it was a bit of a risk, but the results were wonderful and the feedback I got was all very positive. It took about 6-8 months of preparation and shooting.

Did you raise this money for the whole remodeling project, and was it enough?

The campaign was for general remodeling costs, but I knew from the get go it wouldn’t be anywhere close to what I’d need in total. I wanted to be realistic about my goal, which was $80,000 ­– I raised $107,070 – and exceeding it by 33% felt spectacular.

What was the biggest challenge in the redevelopment process?

The challenges continue, but in my case it has been labor. I’ve been doing most of the work myself out of necessity, but this winter I’ll be hiring a couple folks to help me get shit done and hopefully be more or less fully operational by late spring 2017.

The Jennings hotel is now open for business. How is it working out; are you happy with the result?

It’s working great. I’ve got an amazing innkeeper, and it’s been incredible meeting and connecting with the folks who’ve come to stay.

What is your next project? Are you planning another real estate project?

The $64,000 question. I’m working on starting a folk school in Joseph and I’m always looking at other potential hospitality projects, both in Oregon and elsewhere.

Do you have any advice for Archipreneurs who want to start and build their own business?

Dream big, be realistic, do good work, be nice, make cool shit, know your limits and sharpen your pencil.

About Greg Hennes

Greg Hennes is a wild haired, serial dreamer-entrepreneur. When he’s not swinging a hammer at The Jennings Hotel, you can find him running around in the mountains or trying to ride a moose at his cabin in Northern Minnesota.

The post How to Redevelop a 100-Year-Old Hotel through Crowdfunding – with Greg Hennes appeared first on Archipreneur.