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Developing Interests
Developing Interests
Architects who work as developers owning, financing, designing and sometimes even acting as the builder for projects take calculated risks to deliver rewarding projects for their communities and themselves.
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“Show me a wealthy architect,” architect Lloyd Hunt once quipped to his class at the University of Waterloo School of Architecture, “and I’ll show you a developer.”
The profits of developers can seemingly outstrip an architect’s fees on a project. But for architects, there’s a way to reap the financial rewards of development by becoming the developer.
The rewards go beyond potential financial gains, though. Architects who enter the development arena are often aiming to make modest, but important improvements to a neighbourhood or city that they know well. They’re gaining valuable knowledge about building from a client-and-owner perspective that feeds back into their architectural practice.