Self-made condo conversions

This condominium complex takes a bottom-up, user-generated approach to constructing residential space.

By Susanna Hamner, Business 2.0 Magazine

(Business 2.0 Magazine) -- You can choose the design of your phone, your computer, and your car - so why not your condominium?

That's what Chad Oppenheim, head of Miami-based Oppenheim Architecture & Design, asked himself while putting together his architectural thesis at Brown University.

Customized Condo
Roll Your Own: Residents can configure their condos by buying modules that can be assembled both vertically and horizontally.
Pay up: Prices go from $600 per sq. ft. on lower floors to $800 per sq. ft. for the penthouse suite. The building has four street-level retail spaces.
Customized Condo
Hang out: There are more than 112 modules available - not counting the ones residents will design to jut from the sides.
Build simple: The $40 million project is made of precast concrete slabs, saving the developers up to 20 percent in construction costs.

The question became the impetus for his latest project: a condominium complex, set to be completed by the end of 2010, that takes a bottom-up, user-generated approach to constructing residential space.

The $40 million, 15-story Cube, located in Miami's Design District, lets its residents-to-be choose the layout and size of their units by buying small cubes of space in the building.

Each cube costs around $400,000, and you can stack them horizontally or vertically.

Want one of your cubes to hang off the side of the building? No problem.

The cubes are available on a first-come, first-served basis, although you can't book them online yet. Oppenheim says residents shouldn't be forced to compromise. "The goal is to create an innovative but simple structure that gives flexibility," he says. "This is going to be the next tier of living."  Top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.