Business of Architecture Podcast
612: Why Architect-Developers Make 4X What Architects Do with Josiah Maddock of Josiah Maddock Architects
Feb 3, 2025
Josiah Maddock, an architect turned developer, shares his inspiring journey from traditional high-rises to crafting iconic adaptive reuse projects. He discusses the pivotal moment that sparked his career shift, driven by burnout and a desire for creative control. Josiah reveals key strategies for funding and risk management, emphasizing the importance of networking and financial planning. He also highlights the overlooked decision that transformed his approach and contrasts the limits of flipping properties with the sustainable wealth of rental income.
55:33
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Quick takeaways
- Josiah Maddock illustrates how transitioning from architect to developer grants greater creative control and profitability in real estate projects.
- Networking with real estate investors and actively engaging in investment groups proved essential for securing funding and building valuable partnerships.
Deep dives
Architect as Developer Model
Josiah Maddock shares his journey as an architect who has embraced the architect as developer model, allowing him to design and own his projects simultaneously. This model creates opportunities for greater creative control and more profitable outcomes in his work. The transition to this business model began while Josiah was experienced in high-rise and civic projects, which made him realize he wanted more autonomy in his career. His initial focus on this path equipped him with both the mindset and the skills necessary to navigate the complexities of development and architecture.
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