“The prospect for life sciences has changed in New York. . . . The tide has turned,” said Bill Harvey, managing director for commercial real estate firm Newmark Grubb Knight Frank, speaking during a panel discussion at the New York Genome Center.
“New York is uniquely placed for health technology companies,” said Kate Merton, head of Johnson & Johnson Innovation and JLABS in New York, which recently opened a 30,000-square-foot (2,800 sq m) facility in lower Manhattan between TriBeCa and SoHo.
Foundations in Research
For years, New York City has had several ingredients life-science companies need to get started. Firms often begin with ideas explored at academic medical centers, and New York City has nine such institutions. Top universities like Columbia University and New York University also support innovation. New York City is behind only Boston among U.S. cities in the volume of grants received by the National Institutes of Health (NIH).
However, until recently ideas first developed with help from NIH funding in New York City were often developed into new companies elsewhere. That’s changing. Today, new life science companies based in New York City apply for and win their first rounds of venture capital funding at a rate of roughly $300 million a year, according to the experts on the panel.
Developers like JLABS are creating properties where these new life science companies can open for business. JLABS is a life-science technology incubator that offers a mix of new offices and “wet laboratories” for scientific experimentation. Two other life-science incubators are opening in New York City—the State University of New York (SUNY) Downstate incubator in Brooklyn and Alexandria LaunchLabs in Manhattan. Together, the three incubators will have a total of 100,000 square feet (9,300 sq m) of space.
“For a long time there was not a possible path for where entrepreneurs could go after the academic medical center,” said panel moderator Doug Thiede, senior vice president of life sciences and health care for the New York City Economic Development Corp. “There are now more possibilities than ever for entrepreneurs to grow in NYC.”
The young companies that come to JLABS typically plan to stay for 24 months or less. After that they either apply for more time or move on.
The Need for “Step-Out Space”
New York City lacks the kind of spaces that a life-science company needs when it is too big for a small space in a technology incubator like JLABS. “There is an appetite for this space that is ready to go,” said Robert Albro, managing director of King Street Properties, based in Boston and specializing in science real estate.
Young life-sciences companies need “step-out spaces’ with shorter lease terms that can offer them the freedom to grow. Such a company may have anywhere from 40 to 150 employees; the number can change rapidly and unpredictably as the firm develops its technology.
“Five years out, we had no idea how much space we would need,” said Sam Globus, vice president of business strategy and operations for Celmatix, a New York City–based company that uses big data analytics and genomics to improve fertility treatments. Most conventional property owners offered leases of office space starting at about ten years, he noted. “There was no way our investors would let us make a ten-year commitment,” he said.
Life-science companies also need a certain kind of real estate to thrive. The buildings should not be too tall: laboratory spaces need ventilation that would be inefficient in a high-rise. The floor plates should also be relatively large: 30,000 to 50,000 square feet (2,800 to 4,600 sq m) of space per floor is a good amount. “With 20,000 square feet [1,900 sq m], you are spending a lot for staircases,” Globus said.
In addition, like any other employer, life-science firms want to locate in buildings and neighborhoods that will help them attract the best employees.
Evaluated according to those requirements, many existing buildings in New York City are too tall, are too small, or suffer from some other problem like a lack of windows. Other, less expensive, less densely developed cities, however, have found places to build suitable properties. “You can’t swing a cat around San Diego without hitting some kind of appropriate step-out space,” Merton said.
New York City has committed $500 million toward overcoming these obstacles to create a cluster of new life-science spaces, including $100 million to help unlock space for companies to grow. So far, city officials have identified five potential locations for a cluster of life-science developments, though no announcement had been made by early June.
New York City’s Advantages
Despite the challenge of finding or creating the right kind of space, life-science companies benefit from being in a great location like New York City, which helps attract investors and talented employees.
These companies may also benefit from being close to potential partners for outsourcing some operations. Life science properties often build out 60 percent of their space for labs, leaving the remainder for office space. But life science firms in New York may need less lab space – as little a 40 percent of the total space – because these companies may can find nearby partners to outsource a significant amount of their lab work.
Celmatix’s first offices in a WeWork building in New York had no lab space at all. Instead the company partnered with outside labs. “I would not be sitting out here today if we had not outsourced a lot of our wet lab space,” said Globus. The solution gave Celmatix flexibility to grow, though eventually the firm moved to larger offices that provided it with some lab space of its own.
Life-science companies also benefit from being close to the many technology companies that have offices in the city. Partnerships with these firms can help life-science companies handle their technology and cut down on the need to own and maintain infrastructure like computer servers.
New York City has also created several programs that can help individual companies offset some of the cost of building out laboratory space, including by providing low-interest loans or perhaps even an equity investment. “Life-science companies want to spend their money on science and not on the real estate,” Thiede said.
These laboratory spaces may be less difficult to fit into a building alongside conventional office tenants than it might seem at first. Many landlords who hesitate to provide lab space are already comfortable with doctors’ offices that regularly use hazardous materials like the radioactive isotopes in X-ray machines. “There is nothing in our labs that you can’t drink,” said Globus.
Once the laboratory space at the life-science property is built for one tenant, the same space can often be used by future tenants without a lot of expensive upgrades. “If built-out correctly, people don’t appreciate how reusable lab space is,” said Albro. At his properties, the same laboratory space on occasion has been reused by four or five successive tenants without requiring much work to fit out the space.
By: REW Staff, Real Estate Weekly, April 19, 2018
Urban Land Institute New York (ULI NY) announced the winners of the 2018 New York Awards for Excellence in Development.
The statewide awards were open to ULI members and non-members who have worked on private, public, and non-profit projects in one of the eight categories.
“This year’s finalists embody the core mission of the Urban Land Institute – to provide leadership in the responsible use of land and in creating and sustaining thriving communities,” said Marty Burger, chairman of ULI New York.
“We congratulate all of the winners who have truly demonstrated a strong commitment to building vibrant and sustainable communities for New Yorkers to enjoy for generations to come.”
A jury reviewed 19 finalists and conducted site tours to determine how well each exemplified the principles of ULI and the Awards criteria.
“Each of tonight’s winners exemplifies a new era in the real estate industry towards creating more responsible and inclusive development,” said John Gunther-Mohr, co-chair of the Awards and Senior Vice President, Santander Bank.
Washington Square Partners was the winner in Retail Development for City Point. Paul Travis, Founder and Managing Partne, said,
“The City Point project has brought a diverse set of high-quality options in retail, food and entertainment to a market previously underserved by these lifestyle resources.”
The Scott Bieler Clinical Sciences Center won for Institutional Development. “When we set out to design this project, we had three critical goals in mind,” said John Schuyler, Partner at FXCollaborative.
“We wanted to reflect the best qualities of our client Roswell Park; to craft a meaningful design that engages the larger Buffalo community; and, most importantly, to create an uplifting environment for those going through challenging health related issues.”
Jed Walentas, Two Trees Management Principal, accepted the award in Market-Rate Housing Development for 300 Ashland. “Designed by renowned architect Enrique Norten with significant input from the city over a number of years, 300 Ashland is anchored by a sweeping public plaza, Apple, 365 by Whole Foods and will soon offer an array of cultural programs from BAM Cinemas, MoCADA, Brooklyn Public Library and 651 Arts,” said Walentas.
Joanne Oplustil, President and CEO of CAMBA Inc., accepted the award in Affordable Housing Development for CAMBA Gardens.
Washington Square Park, by BKSK Architects won best Civic Space and Tata Innovation Center by Forest City New York won in Office Development.
Modernizing a 19th century coffee warehouse in to the new Empire Stores waterfront oasis with retail, dining, public space, and exhibition development won Michael Cayre, Principal of Midtown Equities, the award for Repositioning / Redevelopment and the World Wide Group was the winner in Mixed-Use Development for 250/252 East 57th Street Redevelopment.
Arash Azarbarzin, President of SH Group, collected the Hotel Development award for 1 Hotel Brooklyn Bridge & Pierhouse at Brooklyn Bridge Park.
By: Kelly Mena, Kings County Politics, April 11, 2018
The Urban Land Institute New York (ULI NY) 3rd Annual Excellence in Development Awards was held in Manhattan’s Gotham Hall last night, but it was Brooklyn developments that took the lion’s share of awards.
The event drew hundreds of attendees from across the real estate spectrum to celebrate New York–based developers, architects, urban planners and other land use industry professionals whose work reflect an exemplary commitment to responsible planning, design, sustainability and community impact.
This year ULI NY Honored 9 Outstanding Development Projects in the Categories of Housing, Office, Mixed-Use, Institutional, Civic Space, Repositioning or Redevelopment, Hotel, and Retail.
Some of this year’s winners from Brooklyn included Dumbo-based Two Trees Development, which nabbed the Excellence in Market-Rate Housing Development award for their breathtaking 300 Ashland building, which is already being regarded as iconic as part of the BAM Cultural District.
Acadia Realty Trust and Washington Square Partners, which took the Excellence in Retail Development Award for their City Point project, 10 City Point just off the Fulton Mall and Flatbush. The development features among other retailers, a Target, a Century 21, a Trader Joe’s and the most happening food court in Brooklyn.
“We are honored to be recognized for playing a leading role in the reimagining of retail in Downtown Brooklyn. The City Point project has brought a diverse set of high-quality options in retail, food and entertainment to a market previously underserved by these lifestyle resources,” said Paul Travis, Founder and Managing Partner of Washington Square Partners.
Other Brooklyn winners included the non-profit CAMBA, which was a first time winner this year in the Excellence in Affordable Housing Development category for CAMBA Gardens, their innovative design of an affordable housing complex on the campus of the Kings County Hospital, located on the border of Crown Heights and East Flatbush.
The buildings were constructed by the city’s Supportive Housing Loan Program in conjunction with CAMBA, which provides employment, education, health, legal, social, business development, and youth services to New Yorkers.
“It was an incredible experience to work on a transformative project that offers a safe and secure environment for everyday New Yorkers. For a non-for profit to win such a prestigious award for all the work that we’ve done is wonderful. What we have done is wonderful. We are absolutely thrilled to be included with such an array of phenomenal for-profit developers,” said Joanne Oplustil, President and CEO of CAMBA Inc.
Midtown Equities, HK Organization, and Rockwood Capital nabbed the Excellence in Repositioning or Redevelopment Award with DUMBO’s Empire Stores at Brooklyn Bridge Park.
Toll Brothers and Starwood Capital Group received the Excellence in Hotel Development Award for their 1 Hotel Brooklyn Bridge, also at DUMBO’s Brooklyn Bridge Park.
“We cultivated the best of eco-conscious design and sustainable architecture that seamlessly extends to the breathtaking Brooklyn Bridge Park to allow for residents and pedestrians to access the park. With this property, we were able to select every material and develop mindfully, keeping in mind the space’s main purpose to serve, entertain and inspire with some of the best amenities found in the New York hospitality market,” said Arash Azarbarzin, President of SH Group, which shared the award for 1 Hotel Brooklyn Bridge & Pierhouse at Brooklyn Bridge Park.
Besides the dinner awards ceremony there was ample time for the several hundred development executives to mingle, talk shop and network in a relaxed, but semi-formal environment.
“We congratulate all of the winners who have truly demonstrated a strong commitment to building vibrant and sustainable communities for New Yorkers to enjoy for generations to come,” said Marty Burger, Chairman of ULI New York.
OP-ED By: James Lima, Kings County Politics, February 9, 2018
As part of the de Blasio administration’s long-term housing plan, Gowanus is expected to soon undergo a rezoning that would bring significantly more affordable housing to the neighborhood. This is good news for local residents – but it should also be seen as an opportunity to make Gowanus a national model for creating more equitable and sustainable communities.
A new report released by the Urban Land Institute New York, the Fifth Avenue Committee and other stakeholders provides important recommendations for taking this opportunity to improve the health and quality of life of Gowanus residents as part of any future rezoning. By focusing on addressing existing public health challenges alongside the need for more affordable housing, city officials and developers can advance a truly holistic approach to new development.
First, it is crucial to understand the public health challenges currently facing Gowanus and how they affect local residents. The neighborhood is centered around the Gowanus Canal, a storied but heavily contaminated piece of 19th century industrial infrastructure. The Canal was designated a federal Superfund site in 2010 and clean-up efforts are anticipated to begin this month, with some remediation already underway. However, it is important to understand that the area is impacted not only by the Canal’s toxicity, but also by the Urban Heat Island (UHI) effect, a phenomenon that creates higher temperatures in urban areas than in surrounding areas.
UHI typically occurs in densely developed areas where little or no natural vegetation exists to counterbalance the effects of heat-absorbing structures, concrete- and asphalt-paved surfaces and an abundance of car traffic. These conditions are likely to worsen; according to a 2015 report prepared by the NYC Panel on Climate Change, the mean annual temperature in the city is estimated to increase up to 5.7 degrees by 2050.
UHI drives up energy costs, increases air pollution and greenhouse gas emissions and undermines the well-being of residents. Children, the elderly and low-income families without air conditioning are particularly susceptible. Extreme heat events cause more deaths in the United States than all other weather-related events combined.
City officials and developers can address these issues in Gowanus by following the recommendations of “A Vision for a Greener, Healthier, Cooler Gowanus: Strategies to Mitigate Urban Heat Island Effect,” which came out of a partnership between ULI New York, the Fifth Avenue Committee and a 10-member Technical Assistance Panel (TAP) comprised of environmental, real estate, and transportation experts. This diverse team visited Gowanus and analyzed existing conditions to address UHI in the context of a potential rezoning.
The report found that the city can simultaneously attract new families, incentivize small business owners and tackle environmental challenges by employing strategies such as increasing vegetative coverage, boosting transit utilization and maximizing energy efficiency in new and existing buildings.
For example, the report proposes an overall target of 20 percent vegetative coverage in Gowanus, estimating that this additional green space could help reduce neighborhood temperatures by 3 degrees Fahrenheit. Other recommendations include adding vines to the exterior walls of buildings, adding street trees, and redirecting and reusing the solar heat that is already captured in buildings. The panel also explored how green spaces could maximize opportunities for Urban Heat Island mitigation by following the paths of prevailing winds and historic creeks within Gowanus, as well as designing “areas of respite” where residents could pause their journeys in a cooler environment.
The TAP further explored replicable mechanisms which could help finance district-scale improvements, including establishing a Green Infrastructure Fund that utilizes a combination of public monies generated through the purchases of air rights and additional zoning bonuses tied to community benefit. These recommendations offer a means by which to capture some of the increase in real estate value created directly by the city rezoning.
The city’s rezoning tools, deployed strategically with ongoing public capital investments in infrastructure and contamination clean-up efforts offer an opportunity for the community to achieve meaningful and much-needed environmental, social and economic gains.
James Lima is president of James Lima Planning + Development, a national real estate, economic and public policy advisory firm. He served as chair of the Technical Assistance Panel convened by ULI NY and the Fifth Avenue Committee to analyze existing conditions in Gowanus and propose measures to mitigate the impacts of the UHI effect.
By: Betsy Kim, GlobeSt.com, February 2, 2018
NEW YORK CITY—On the heels of President Trump’s State of the Union address where he unveiled plans to ask Congress to pass a $1.5 trillion infrastructure bill, on Wednesday the Urban Land Institute New York emphatically tied together the critical role of public transportation with the success of real estate projects and the city.
In a panel discussion “Driving Development: The Future of Infrastructure,” at the Times Center in Midtown, the moderator Thomas P. McKnight, EVP and head of planning, development and transportation at the New York City Economic Development Corporation, asked transportation and land use decision-makers direct questions about funding and priorities of the region’s infrastructure—all too often described as “crumbling.”
McKnight asked with limited dollars, whether the agencies should be focused on repairing the existing infrastructure instead of on growth.
“The answer is we have to do both,” said Rick Cotton, executive director, Port Authority of New York and New Jersey. “The shortcomings of the infrastructure are significant and need repair. But the fact is the region has grown. There are different centers of population that are growing, so if you are not finding ways to expand, you’re really not serving the agency’s needs and purpose.”
Janno Lieber, the chief development officer at the Metropolitan Transportation Authority, said repairs versus expansion presents a false dichotomy. Projects such as the $2.5 billion Long Island Railroad mainline are described as mega projects. However, the current system when built was designed for 50,000 commuters. Now it serves three million riders.
Transportation Funding and Financing
Tremendous pools of capital available for infrastructure projects exist in the private sector, according to Edward Pallesen, managing director, infrastructure investment group in the merchant banking division at Goldman Sachs & Co. In a low return environment, institutional investors are looking for long-dated, reliable, stable assets to match against long-dated liabilities.
“People from around the world really want to get into quality infrastructure projects,” said Pallesen. “The good news is if you ask people to pick where they would like to invest, the US would be right at the top of that list and in the US, New York City has no better set of opportunities.”
However, he noted a challenge in the US is finding projects where there are few political risks. Permitting, delays, and political infighting can quickly turn off institutional investors. The private-public partnership for LaGuardia Airport was a strong fit because there were revenue sources that could be identified and isolated. For a sustainable role, risk must be transferred to the private sector, whether it’s traffic demand, upside potential or a construction risk, said Pallesen.
However, he reiterated that the private sector is not well positioned to take on governmental entities fighting over what actions to take.
“Leadership and initiative from public officeholders is really essential. If those are put into place with high certainty, a lot of capital will be available,” said Pallesen.
Growth and New Projects
“The essence of transformational projects is unlocking potential,” said Lieber. The extension of the 7 subway line opened up potential for roughly 50 million square feet of development, more than half of which will be commercial, the rest residential and hotels. He emphasized that the economic benefits would be heading toward $300 million per year of recurring public revenue.
In addition to the public transportation supporting Hudson Yards, Lieber touted the completion of Phase 1 of the Second Avenue subway, and underscored the importance of Phase 2. This latter project will extend the subway from the 96 Street stop up to Lexington and 125th Street. Lieber stressed that it will help connect economically deprived populations in Harlem with jobs and access to the Metro-North railroad system at 125th Street.
The estimated $6 billion project includes three new stations, power substations, signal and communication systems, and car cleaning facilities. Instead of being a blank wall station to catch trains, it will focus on a value capture model to integrate its above-ground presence and streetscape additions within the neighborhood.
The city council has already approved the East Harlem rezoning. However, it is the subject of litigation that warns against untoward effects of gentrification, as the rezoning allows for a special transit land use district with luxury high-rises, along the Q subway when it is extended.
Janno sees the project as taking advantage of real estate opportunities that will help the neighborhood with more economic activity. Opponents fear the influx of luxury housing will drive up prices, making real estate too expensive for long-term, lower income residents.
Maintenance and Repairs—Signal Systems
Lower profile projects that do not gain headlines are nonetheless critical in improving the existing infrastructure. The MTA and PATH are updating signal systems, so throughout the subway system, cars can safely run more closely together, increasing the number of trains operating on the system during peak hours.
“In addition to the systems being old, the technology they are built on is ancient,” said Lieber. “So, thinking about technology to allow more throughput is not just a state of repair project.”
The current signal system was blocked by outdated technology that required a great deal of equipment to maintain communications. The new technologies will reduce the need to do work in the right-of-way. Lieber anticipates the process to lead to an announcement in the next couple of months.
By: Will Parker, The Real Deal, January 31, 2018
On the morning following President Trump’s State of the Union address, RXR Realty chairman Scott Rechler called the president’s $1.5 trillion infrastructure pitch unrealistic.
“It’s not a reality. The trillion-and-a-half dollars isn’t possible,” Rechler said at a panel for the Urban Land Institute New York on Wednesday morning. “The money that we would use for infrastructure was repatriation dollars… has been used for tax reform. Not saying good or bad, but the answer is, there’s no trillion-and-a-half dollars.”
Since the 2016 campaign, Trump has proposed reviving America’s outdated roads, bridges, airports and other infrastructure by leveraging mostly private investment, offering incentives to those willing to take on new projects. Rechler — who advised Trump on the matter during the presidential transition last January and who is a board member of the Metropolitan Transportation Authority — said he is largely supportive of public-private partnerships, but suggested that much of the infrastructure work that needs to be done wouldn’t result in a profit for private firms. He used the potential repair of water systems without a consummate rise in the price of water as an example.
“There’s no revenue stream for the private sector to come in and potentially take advantage of that,” he said. “So I think this concept of we’re going to invest $200 billion dollars and that’s gonna raise a trillion to a trillion-and-half dollars is not realistic.”
Rechler was joined on the panel by TPG Real Estate Finance Trust’s CEO Greta Guggenheim and Jimmy Kuhn, the president of Newmark Knight Frank. The talk was moderated by PwC’s Mitch Roschelle. The participants discussed the outlook of national real estate in 2018 and even swapped some insider gossip about where Amazon’s second headquarters may be likely to land (Rechler’s heard the Washington, D.C., suburbs, but Guggenheim said she’s been hearing Atlanta).
All of the panelists commented that recently enacted federal tax reforms, which will cut effective rates for most real estate investors, was positive for the industry, though some conceded that there may be unintended consequences that will reveal themselves with time. Rising interest rates were also a key topic of the discussion. Guggenheim cited the U.S.’s “interest rate bull market for 30 years” that is now changing, with a still to be determined effect on real estate capital markets.
Rechler previously served on the board of the Port Authority of New York and New Jersey, but left in early 2016, citing frustration with the body’s internal and external political disputes. He is currently the chairman of the Regional Plan Association.
In this season of bomb cyclones and polar vortexes, it is hard to remember how hot this town gets in the summer. Thanks to a phenomenon known as the urban heat island (UHI) effect, cities can be more than 20 degrees warmer than surrounding suburbs and countryside. UHI is deadly: extreme heat causes more deaths in the U.S. than all other weather-related events combined. And the risks are greatest in communities—like Gowanus, Brooklyn—that are impacted by poverty, pollution, and a lack of cooling green space.
Here’s the good news: The proposed rezoning of Gowanus presents an unprecedented opportunity to tackle the UHI effect, saving lives while creating a more equitable and sustainable community.
Gowanus faces daunting public health challenges. The neighborhood is home to more than 15,000 residents, some 4,000 of whom live in public housing where tenants tend to be lower-income and older than the population at large. The Gowanus Canal, designated as a Superfund site in 2010, has been a dumping ground for waste and contamination for decades and two major traffic arteries, the Brooklyn Queens Expressway (BQE) and the Fourth Avenue corridor, on Gowanus’ southern and eastern borders, contribute to poor air quality. Air and water pollution are linked to high rates of asthma and other chronic health problems.
UHI makes all of these problems worse. Because extreme heat can exacerbate chronic medical conditions, the impacts of UHI can be greater for at-risk populations that suffer from higher incidences of heat-related mortality. UHI also leads to higher energy consumption and costs, as well as increases in air pollution and greenhouse gas emissions.
Rezoning could turn up the heat in Gowanus. If higher density buildings are permitted without comprehensive sustainability plans to promote localized cooling, the UHI effect could worsen, further burdening vulnerable residents—many of whom are not able to afford air conditioning to keep cool, and who live in older buildings that have not been renovated to meet current housing code.
But rezoning also presents an opportunity for positive change. With Gowanus expected to see significant land use changes and new public investment as part of Mayor de Blasio’s plans to address the city’s growing population and long-standing affordable housing crisis, there’s no better time than now to focus on environmental justice needs and the health and overall quality of life for residents. The rezoning of Gowanus should include New York City’s first ‘Eco-District’ that directly addresses UHI and advances a number of local and city-wide sustainability and resilience efforts. As the country’s fairest and most progressive big city, New York City should be creating innovative land-use models that advance equity and sustainability to both meet local community needs and advance New York City’s bold affordable housing and climate goals.
To bring attention to the disproportionate negative health and environmental impacts to at risk populations, the Fifth Avenue Committee partnered with the Urban Land Institute New York’s Technical Assistance Panel. Ten real-estate, transit, and environmental experts—advised by public-housing residents and other local leaders—analyzed the existing conditions in Gowanus and proposed a series of measures to mitigate the impacts of UHI. These recommendations are included in a new ULI NY report, A Vision for a Greener, Healthier, Cooler Gowanus: Strategies to Mitigate Urban Heat Island Effect.
Steps include increasing vegetation by 20 percent to reduce air temperatures, support storm water retention, and help mitigate flooding. Vines could be added to the external walls of existing buildings to reduce outside temperatures and cool the buildings themselves. New buildings should use green infrastructure to reduce, rather than contribute to the UHI effect, by installing green roofs and double- or triple-pane windows; creating breezeways to provide ventilation and encourage airflow; and redirecting and reusing solar heat, which, if allowed to be wasted, can contribute to higher temperatures.
Transit systems should be more efficient to encourage people to take public transit rather than drive. This will help reduce congestion and decrease car emissions, which contribute to the UHI effect. There should be more frequent bus service, sufficient bike parking, and stop-sign and traffic-light improvements. And because Gowanus offers few places for pedestrians to escape the heat, the community’s network of hidden creeks should be daylighted, and areas of respite should be created to provide cool and inviting public spaces. In addition, green workforce development opportunities for local residents are essential to any rezoning effort.
While implementing green infrastructure is smart and sensible, it’s of even greater consequence to ensure that the anticipated multi-billion dollar public and private investments in Gowanus contribute to environmental equity goals before any zoning changes are approved.
No community should bear a disproportionate burden of impacts due to environmental, planning, and policy decisions. Today, we have an opportunity to put in place innovative and forward-thinking land use and sustainability standards while also advancing tangible and meaningful social, economic, and climate justice remedies. Let’s not waste this unique moment to make Gowanus a model community that is greener, healthier, cooler, and more equitable.
Michelle de la Uz is the executive director of the Fifth Avenue Committee and oversees its mission of advancing economic and social justice. She is also a member of the New York City Planning Commission. This commentary was produced in collaboration with the Island Press Urban Resilience Project, which is supported by The Kresge Foundation and The JPB Foundation.
By: Betsy Kim, Globest.com, January 16, 2018
NEW YORK CITY—The anticipated rezoning of Gowanus, Brooklyn in furtherance of Mayor Bill de Blasio’s housing plans, Housing New York: A Five-Borough, Ten-Year Plan and Housing New York 2.0, will increase development opportunities in the upcoming years.
The Urban Land Institute New York and the Fifth Avenue Committee, a South Brooklyn community non-profit group, organized a technical assistance panel (TAP) of environmental, real estate and transportation experts to study the Gowanus neighborhood. ULI then issued a report, recommending quality-of-life strategies, contemplating increased densification of buildings.
The report focuses on the Urban Heat Islands phenomenon, which occurs when buildings, asphalt and concrete replace plant life; and cars and air conditioners release additional heat into the environment. This heats up urban areas. The US EPA says in a city of a million people, this can increase the temperature 1.8 to 5.4 degrees hotter than its surroundings neighborhoods.
Urban heat islands can prevent cities from cooling off at night, getting up to 22 degrees hotter than neighboring areas. The CDC reports that each summer more than 65,000 people visit the ER for heat illnesses, and that between 2006 and 2015, heat caused the deaths of 1,130 people.
ULI states 4,000 public housing tenants live in Gowanus. It notes they tend to be lower-income, older, and having higher rates of asthma and other chronic diseases compared with the general population. The US Census Bureau reports 25% to 50% of Gowanus residents live below the poverty level.
Urban heat islands particularly affect the poor and underserved populations, as most do not have air conditioning and are vulnerable to heat-related health problems.
In addition, the report points out that extreme heat increases energy demands, air conditioning use, air pollution, greenhouse gas emissions and water pollution.
“Offsetting the impacts of this UHI phenomenon should be a high priority during any redevelopment plan for Gowanus,” says TAP chairman, James Lima, president of James Lima Planning + Development.
“Gowanus faces a series of complex challenges ranging from UHI effect to Superfund site toxicity, and poor air quality, among other public health concerns. The anticipated rezoning process presents a timely opportunity to coordinate and implement numerous important measures that can help ensure the health and vitality of Gowanus residents for years to come.”
ULI NY Chairman Marty Burger, CEO, Silverstein Properties, commends the ULI NY TAP process for bringing together land use experts who provided advice and solutions on a volunteer basis. Burger also commends the process for including residents to share their concerns and ideas on making neighborhoods more livable.
Michelle de la Uz, executive director of Fifth Avenue Committee, says the process allows residents to voice concerns and make recommendations before any zoning changes are approved. She describes the cooperative efforts as transforming one of New York City’s most toxic and environmentally challenged communities into a example of sustainability and resilience.
The report includes the following key recommendations:
(1) Increase vegetation by 20%, which could reduce air temperatures by approximately three degrees, support stormwaterretention and help mitigate flooding.
(2) Provide incentives for green buildings in new developments. This could include green roofs, double or triple pane windows, breezeways and solar energy use.
(3) Design public areas and paths for pedestrians to escape the heat.
(4) Increase transportation system efficiency.
(5) Turn the Con Edison lot between Baltic and Butler streets into a temporary park, especially with the only neighborhood park, Thomas Greene Park, slated to be temporarily closed for remediation efforts of the Superfund clean-up.
Several green building incentives are already in effect in New York City and New York State including green roof tax abatements available through March 18, 2018, as well as green building programs, such as the Bronx Environmental Revolving Loan fund. This initiative provides zero interest loans of up to $100,000 to install measures that improve air quality.
The report supports encouraging developers, businesses and homeowners to pay for heat mitigation measures and to later get rebates. It describes similar environmental programs across the country.
In Minneapolis, Minnesota, building owners who improve storm water management, including a green roof, receive 50% credit towards storm water fees.
Philadelphia, Pennsylvia provides green roof rebates of 25% of cost up to $100,000.
The Seattle, Washington Rainwise program gives rebates for rain gardens or cisterns if the property is in a sewer overflow area.
Nashville, Tennessee allows $10 in sewer fee reduction for every square foot of green roofing.
Montgomery County, Maryland offers rebates of up to $10,000 to property owners installing approved stormwater management systems.
The report also recommends creating a green infrastructure fund, using both public and private money.
It states Gowanus is likely to experience increased density. Thus, “Rezoning provides an opportunity to leverage the tremendous real estate value created to proactively address UHI risk and incorporate strategies for mitigation.”
By: Pamela Wong, Bklyner, January 9, 2018
GOWANUS – The Urban Land Institute New York (ULI NY) released a report on Monday outlining recommendations on how new developments, that will be built as part of the rezoning of Gowanus, will be able to help mitigate the urban heat island (UHI) effect.
UHI occurs when buildings, cement, and pavement replace natural vegetation, and cars and air conditioners convert energy to heat and release it into the air. ULI NY’s report notes that the extreme heat from UHI increases energy costs, air conditioning use and costs, air pollution, and greenhouse gas emissions. It also affects water quality and can exacerbate chronic health conditions.
Gowanus is more vulnerable to extreme heat because of the area’s heavy traffic and lack of shade trees, parks, and greenery that cool and improve air and water quality, the report states. If higher density buildings start rising in Gowanus, ULI NY says UHI risks could increase unless measures are taken to implement green infrastructure.
Extreme heat events cause more deaths in the United States than any other weather-related hazard, including hurricanes, tornadoes, and flooding, according to the report. Studies show heat-associated deaths primarily affect low-income and environmental justice communities—highly polluted areas with significantly fewer trees and less green space, according to ULI NY.
In April 2017, ULI NY and the Fifth Avenue Committee assembled a ten-person Technical Assistance Panel (TAP)—a group composed of environmental, real estate, and transportation experts who spoke with community stakeholders, analyzed existing conditions in the neighborhood, and compiled a list of strategies to address UHI in Gowanus in anticipation of rezoning projects.
The goal of the report is to make Gowanus safer and healthier, as well as more comfortable and pleasant. The panel’s recommendations aim is to help reduce energy use in the neighborhood which will benefit local homeowners, tenants, business owners, and manufacturers.
The Gowanus UHI TAP team created a series of measures to mitigate the UHI effect, some of which include creating more green spaces and implementing measures that encourage human-powered transportation.
Some of the key items the Gowanus UHI TAP proposed include:
- Increasing vegetation coverage in Gowanus by 20-percent (approximately 1,000,000 square feet) in an effort to reduce air temperatures by approximately 3 degrees. This would also support stormwater retention and help combat flooding. The panel suggests planting trees and adding vines to exterior walls of buildings to help reduce outside temperatures and cool the interiors. They also suggest adding planters at locations where soil contamination or groundwater levels prevent trees from being planted.
- Incentivizing green building and green infrastructure technology, such as green roofs and green walls, as well as promoting efficient building design including double or triple-pane windows, insulation, and breezeways for natural ventilation.
- Creating “areas of respite” where pedestrians can escape the heat during the summer, such as green spaces, green corridors, and “micro parks” featuring cooling green infrastructure, trees, and other structures that provide shade and encourage social activity.
- Improving transportation options and encouraging locals to use public transit and/or human-powered transportation instead of driving to reduce congestion and decrease emissions. The panel suggests more frequent bus service, more bike parking, and stop sign and traffic light improvements at major intersections. The team also suggests the addition of a new pedestrian bridge on Degraw Street over the Gowanus Canal to provide easy foot access across the canal.
- Creating a temporary park at the Con Edison lot located on Nevins between Baltic and Butler Streets while the area’s only public park, Thomas Greene Park, is closed for several years as part of the Superfund clean-up. Like Thomas Greene, the temporary park would feature a pool to help locals stay cool and serve as a community space. The panel also suggests redesigning Thomas Greene Park with additional green space when it reopens.
Founded in 1936, the Urban Land Institute is a non-profit research and education organization that provides leadership in responsible land-use by facilitating the sharing of ideas, information, and experience among industry leaders and policy makers committed to creating better environments.
You can read Urban Land Institute New York’s full report titled A Vision for a Greener,Healthier, Cooler Gowanus: Strategies to Mitigate Urban Heat Island Effect here.
By: NY1 News, January 9, 2018
While a warm up is in the forecast this week, people in one Brooklyn neighborhood are looking for ways to keep cool.
Gowanus, a notorious industrial area suffers from what experts call urban heat island effect or U-H-I.
Because of the high number of concrete buildings and little green space, higher temperatures last for longer periods of time and plague the neighborhood in the warmer months. Experts say U-H-I can worsen the effects of pollution and cause health problems.
Members of the Urban Land Institute and the Fifth Avenue Committee conducted a study to come up with ways to alleviate the problem.
“If you walk down third avenue on a hot summer day, it is hard to find a tree in the entire length of the community and so it is something that resonated for people,” said Michelle de La Uz, Executive Director of the Fifth Avenue Committee.
The groups recommendations include adding new parks, more vegetation and giving developers more incentives to construct green buildings.
Their findings come as the city prepares to rezone the neighborhood which would likely spur more development.
By: Rich Bockmann, The Real Deal, January 8, 2018
A portion of an estimated $600 million in value that could be created by rezoning Gowanus could be captured to help fund infrastructure investments to help mitigate the “urban heat island” effect, according to a new report.
As the city considers rezoning the industrial Brooklyn neighborhood, the Urban Land Institute put out a report that recommends the city take into consideration how new developments could impact heat and temperature in the neighborhood.
Gowanus, unlike neighboring areas such as Park Slope and Carrol Gardens, was developed without the abundant tree coverage and shade that cools neighborhoods. As a result, Gowanus is more vulnerable to heat than its neighbors.
“Offsetting the impacts of this [urban heat island] phenomenon should be a high priority during any redevelopment plan for Gowanus,” said James Lima, president of James Lima Planning + Development, who chaired the ULI panel that produced the study. “The anticipated rezoning process presents a timely opportunity to coordinate and implement numerous important measures that can help ensure the health and vitality of Gowanus residents for years to come.”
ULI put forward several proposals for how to mitigate the heat effect, such as creating a Green Infrastructure Fund – which could be funded through tax assessments or penalties on developers who don’t comply with certain requirements – or providing density bonuses for buildings that include things like green roofs.
By: Mary Frost, Brooklyn Daily Eagle, January 8, 2018
Gowanus is one of the trendiest neighborhoods in Brooklyn, but will its upcoming rezoning make the neighborhood way too hot?
Gowanus — an area already subject to a poor air and water quality, heavy traffic and lack of parks and open space — could suffer the effects of a phenomenon known as the urban heat island effect as higher density buildings are developed, according to the nonprofit Urban Land Institute New York (ULI NY).
In the urban heat island effect, buildings, cement and asphalt paving cause cities to be hotter than surrounding, less developed areas, especially at night. While daytime temperatures can be as much as 5 degrees Fahrenheit hotter, evening temperatures can be as much as 22 degrees hotter than neighboring areas.
According to the Environmental Protection Agency, increased heat from the urban heat island effect has been linked to respiratory difficulties, heat cramps, heat stroke and deaths.
Gowanus is one of several neighborhoods facing rezoning as part of Mayor Bill de Blasio’s affordable housing push.
ULI NY was invited to look into the issue by the nonprofit community development corporation Fifth Avenue Committee. Together, they convened a Technical Assistance Panel in April to study the potential rezoning and offer recommendations to ameliorate drawbacks. ULI NY issued a report on Monday.
Some of the recommendations in ULI NY’s report include more trees and plantings, green roofs and breezeways, “paths of respite” along windy corridors, better public transit, and turning the Con Edison lot between Baltic and Butler streets into a temporary park while the area’s only public park, Thomas Greene Park, is closed as part of an area Superfund cleanup.
Land values in the area north of Third Street are expected to explode following rezoning, according to the panel.
“What if you could capture some of the value of the real estate and use it for public benefit?” James Lima, chair of the Technical Assistance Panel and president of James Lima Planning + Development, told the Brooklyn Eagle on Monday. Lima said requirements and incentives aimed at addressing urban heat island effect could be incorporated into the rezoning.
The effect would be to “leverage” the planned rezoning for the benefit of the community, Lima said. While building requirements for developers into rezoning plans is not unique, Lima said, Gowanus has “extraordinary existing conditions,” such as very little tree canopy.
Although the exact details of the rezoning are not yet known, maximum building height and Floor Area Ratio (FAR) are likely to increase in portions of the district, resulting in an overall increase in height and bulk. Tall buildings prevent surrounding streets from releasing their heat at night.
Urban heat island effect presents “a pressing health issue,” Katharine Burgess, senior director of Urban Resilience at ULI told the Eagle. The tactical approach taken to the issue in Gowanus could be repurposed as a national model, she said.
Urban heat island’s effects are not insignificant. In Europe during a heatwave in August 2003, for example, the effect was estimated to cause up to 70,000 excess deaths, according to the March 8, 2016 issue of the journal Environmental Health.
In 2016, the NYC Department of City Planning announced that Gowanus would be one of 15 neighborhoods to be rezoned by the de Blasio administration. In anticipation of potentially dramatic changes to the neighborhood, Fifth Avenue Committee convened a coalition of local tenants, workers, businesses and community organizations to focus on issues of economic and environmental justice, protecting tenants from displacement, investing in NYCHA and other issues.
More details on recommendations in report
* Increase vegetation in the area by 20 percent, which could reduce air temperatures by approximately 3 degrees. This includes not only trees, but vines on the external walls of existing buildings and planters. This also would support stormwater retention and help mitigate flooding.
* Incentivize green building in new development. Strategies include installing green roofs, using double or triple-pane windows, and implementing envelope improvements such as insulation and breezeways. Builders could redirect and reuse the solar heat that is captured in buildings, which, if allowed to be wasted, can contribute to higher temperatures.
* Design areas and paths of respite. Major thoroughfares in Gowanus currently offer few places for pedestrians to escape the heat. Areas or paths of respite could feature cooling green infrastructure. To maximize impact, the areas could follow the area’s prevailing winds, and involve the community’s currently hidden network of creeks.
* Make the transportation system in the area more efficient. Encourage more people to use public transit to help reduce congestion and decrease emissions, which contribute to the urban heat island effect. The panel recommends more frequent bus service, sufficient bike parking, and stop sign and traffic light improvements at key intersections. The addition of a new pedestrian bridge over the Gowanus Canal on Degraw Street would allow residents to traverse the canal without using public transit.
* Turn the Con Edison lot between Baltic and Butler streets into a temporary park. With the only public park in the area, Thomas Greene Park, slated to be closed temporarily for Manufactured Gas Plan (MGP) remediation efforts in support of the Superfund cleanup, transforming the Con Edison lot into a temporary park would help residents stay cool while also serving as a place for recreation. Recommendations include a pool to compensate for the closure of the community’s only public pool, installing a pop-up tree nursery to grow trees for neighborhood streets, and adding shade elements such as trellises with vines.
The full report may be found at:
Gowanus development presents timely opportunity
A chance to address neighborhood’s unique challenges
OP-ED By: Marty Burger, Crain’s, January 8, 2018
Nearly eight years after the Environmental Protection Agency named the Gowanus Canal a Superfund site, throwing long-envisioned plans to redevelop the area into uncertainty, Gowanus is once again on the precipice of a development boom.
The South Brooklyn neighborhood is undergoing a major revitalization that is bringing residential and mixed-use development. Just last year Mayor Bill de Blasio selected Gowanus as one of several communities where developers could build bigger if 25% or more of any project’s residential units are set aside as affordable housing.
New residential dwellings, along with retail and community amenities, are welcome news for an area once dominated by industry including gas and chemical plants, paper mills and tanneries that discharged waste into its waters. But it’s important that any new development in Gowanus only move forward if it incorporates responsible green infrastructure.
The neighborhood’s troubled environmental past—along with the challenges associated with it being an urban heat island—are exactly why planners and developers need to implement a comprehensive plan to create a thriving and sustainable Gowanus.
As noted in a new report by the Urban Land Institute New York, Gowanus is significantly warmer than its surrounding neighborhoods due to a phenomenon known as the urban heat island effect. UHI happens when structures and concrete replace natural vegetation and as cars and air conditioners convert energy to heat, releasing it into the air.
UHI can lead to serious economic and health impacts, particularly for children, the elderly and underserved populations. Extreme heat events cause more deaths in the United States than all other weather-related events combined.
Gowanus is particularly vulnerable to the UHI effect because of heavy traffic, poor air and water quality and a lack of parks and other open space. And the urban heat island effect could worsen if higher-density buildings are permitted without plans in place to promote localized cooling. With responsible development, the effect can be mitigated at the same time developers are transforming Gowanus into a desirable and thriving neighborhood.
As outlined in the Urban Land Institute report, green strategies include increasing vegetative coverage wherever possible, undertaking a series of transit improvements and significantly increasing building efficiency.
For example, increasing vegetation in the area by 20% could reduce air temperatures by approximately 3 degrees, as well as support stormwater retention and help mitigate flooding. This could be accomplished by adding green roofs where possible and vines to the external walls of existing buildings, thus helping to reduce outside temperatures and cooling the buildings themselves.
Also, exposing the community’s network of hidden creeks and creating a network of green space, or areas of respite, could offer a cool and inviting public amenity. Linked together, these green corridors—aligned with prevailing winds and underground streams—could be established along wider east-west streets to capture summer breezes and circulate the air, allowing the neighborhood to cool off at night.
When building, developers should include green infrastructure technology, so their buildings can reduce the UHI effect rather than contribute to it. They should install green roofs and implement envelope improvements such as insulation to minimize energy waste. Breezeways can provide natural ventilation and encourage airflow that helps keep buildings cooler. In addition, builders should redirect and reuse solar heat that is captured in buildings rather than let it contribute to higher temperatures.
Because transit also plays an important role in mitigating the UHI effect, steps are needed to make the transportation system in the area more efficient. To entice more people to use public transit—which will help reduce vehicle congestion and emissions—there should be more frequent bus service, sufficient bike parking, and stop-sign and traffic-light improvements at key intersections. The addition of a pedestrian bridge over the Gowanus Canal on Degraw Street would allow residents to cross the canal without the need for transit.
We have a unique opportunity at hand to make Gowanus a better place to live and work for generations to come. As developers set their sights on parcels ripe for residential and mixed-use development, and as city officials plan a rezoning that will allow new high-rise complexes to grace the skyline of South Brooklyn, comprehensive plans for green infrastructure must not be overlooked.
Marty Burger is Urban Land Institute’s New York chairman and CEO of Silverstein Properties.
Seven Brooklyn developments are competing in categories such as market-rate and affordable housing, mixed-use, civic space, hotel and retail in the Urban Land Institute’s Awards for Excellence in Development
The Urban Land Institute New York (ULI NY) announced this week the 2018 final nominees for the Awards for Excellence in Development, a statewide competition that honors responsible land use and development practices. Among the 19 finalists are seven Brooklyn developments including the affordable housing development Camba Gardens, Fort Greene’s 300 Ashland and the gigantic mixed-use space City Point.
“From Buffalo to Brooklyn, our 2018 finalists represent the best in industry standards,” said Marty Burger, chairman of ULI New York. “I am delighted to announce the final 19 nominees who are the driving force behind New York’s most innovative, transformative and responsible land use projects.”
The annual Excellence in Development Awards recognize New York’s real estate leaders who demonstrate a strong commitment to planning, design, sustainability and resilience, market success and community impact. Awards categories include market-rate and affordable housing, office, mixed-use, institutional, civic space, repositioning or redevelopment, hotel and retail. Seven Brooklyn developers and development projects are among the 19 total finalists.
In the category Excellence in Housing Development – Market-Rate Housing, One John Street, a 130,000-square-foot residential development transformed from a vacant lot along the Dumbo waterfront, competes against Fort Greene’s 300 Ashland, the cultural hub and residential development that includes a 32-story residential tower and a public plaza. East Flatbush’s Camba Gardens was named a finalist in the category Excellence in Housing Development – Affordable Housing. The development was chosen as a model for public-private partnerships between a public hospital, nonprofit community-based affordable housing developer and a social service provider to facilitate tenant and community health and economic stability. Camba Gardens is competing against 461 Dean Street in Prospect Heights.
City Point, the 1.9-million-square-foot mixed-use development with a 700,000-square-foot retail center, creative office space and three residential towers with over 1,000 residential units, was named a finalist for Excellence in Retail Development. The eco-conscious 1 Hotel Brooklyn Bridge & Pierhouse at Brooklyn Bridge Park is competing against Manhattan’s Four Seasons in Excellence in Hotel Development. And last, but not least: Empire Stores, a former 19th-century coffee warehouse reimagined as a creative workplace and community hub that features retail, dining, public space and exhibition galleries in Brooklyn Bridge Park, was picked for the category Excellence in Repositioning or Redevelopment.
In September, ULI NY, which works to promote responsible use of land and the creation of sustainable communities through open exchange of ideas, information and experience, invited the development community from all across the state to submit their projects for consideration.
The awards jury, consisting of New York developers, architects, urban planners, construction managers, lenders and investors, will analyze each finalist’s project to determine how well it exemplifies the principles of ULI and the awards criteria. The winners will be announced at the Awards for Excellence Gala at Gotham Hall in NYC on April 10, 2018.
By: Rick Moriarty, Syracuse.com, January 3, 2018
Syracuse, N.Y. — A vacant downtown Syracuse office building that was turned into a mixed-use structure with apartments, office and retail space, is a finalist in the Urban Land Institute’s 2018 Excellence in Development Awards.
Icon Tower at 344 S. Warren St. is one of three finalists in the Excellence in Repositioning or Redevelopment category of the Urban Land Institute New York’s awards.
This is the third year of the statewide competition, which recognizes real estate leaders who demonstrate the strongest commitment to planning, design, sustainability and resilience, market success, and community impact.
A total of 19 finalists have been selected in eight categories. The winners will be announced at the Awards for Excellence Gala at Gotham Hall in New York City on April 10.
The Syracuse tower went vacant in 2006 after its tenant, the Excellus BlueCross BlueShield insurance company, moved to DeWitt, a Syracuse suburb.
The Icon Cos. redeveloped the building and reopened it last year with 89 apartments, office and retail space.
“By incorporating innovative and creative design, Icon Tower is now one of the centerpieces in the revitalization of Syracuse’s central business district,” the Urban Institute said.
“Featuring great city views, the ground floor is home to a thriving 5,000-square-foot restaurant, the second-floor features 20,000 square feet of Class A office space, and what had once been a 2,000-square-foot mechanical room is now a glass enclosed 24/7 rooftop fitness center.”
Completed in February 2017, all 89 apartments were leased within six months, bringing increased pedestrian traffic and new businesses to the Warren Street corridor, a previously dormant neighborhood, the institute said.
“Icon Tower not only exemplifies the resurgence of Syracuse’s central business district, but it serves as a model for the adaptive reuse of underutilized and vacant buildings in urban centers throughout Upstate New York,” it said.
Icon Tower is one of only two Upstate New York buildings among the finalists in the competition. The other is the Roswell Park Cancer Institute’s Scott Bieler Clinical Sciences Center in Buffalo. The other finalists are all in New York City.
Here is the full list of finalists:
Excellence in Housing Development:Market Rate
- One John Street – Brooklyn, NY (Alloy Development Holdings LLC, Monadnock Development Inc., and DLJ Real Estate Capital Partners)
- 300 Ashland – Brooklyn, NY (Two Trees Management)
- CAMBA Gardens – Brooklyn, NY (CAMBA Housing Ventures)
- 461 Dean Street (B2) – Brooklyn, NY (Forest City New York)
Excellence in Repositioning or Redevelopment:
- Empire Stores – Brooklyn, NY (Midtown Equities, HK Organization, and Rockwood Capital)
- Walker Tower – New York, NY (JDS Development Group)
- Icon Tower – Syracuse, NY (The Icon Companies)
Excellence in Mixed-Use Development:
- 250/252 East 57th Street Redevelopment – New York, NY (World Wide Group and Rose Associates)
- 35XV – New York, NY (Alchemy Properties)
Excellence in Institutional Development:
- The House at Cornell Tech – New York, NY (The Hudson Companies, Inc., Cornell University, and The Related Companies)
- Scott Bieler Clinical Sciences Center – Buffalo, NY (Roswell Park Cancer Institute)
Excellence in Civic Space:
- Moynihan Train Hall & James A. Farley Building Redevelopment – Phase 1 – New York, NY (Empire State Development and Amtrak)
- Washington Square Park House – New York, NY (NYC Department of Parks and Recreation)
Excellence in Retail Development:
- 195 Broadway Master Retail Redevelopment – New York, NY (L&L Holding Company)
- City Point – Brooklyn, NY (Acadia Realty Trust and Washington Square Partners)
Excellence in Office Development:
- The Bridge at Cornell Tech – New York, NY (Forest City New York)
- 4 World Trade Center – New York, NY (Silverstein Properties)
Excellence in Hotel Development:
- 1 Hotel Brooklyn Bridge & Pierhouse at Brooklyn Bridge Park – Brooklyn, NY (Toll Brothers and Starwood Capital Group)
- Four Seasons Hotel New York Downtown and Private Residences at 30 Park Place – New York, NY (Silverstein Properties)