GETTING READY for 9 MILLION As the City Approaches a Population Milestone, Top Innovators Share Their Visions for the Future of New York PAGE 19

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NEW YORK BUSINESS® OCTOBER 31 - NOVEMBER 6, 2016 | PRICE $3.00 GETTING READY FOR 9 MILLION As the city approaches a population milestone, top innovators share their visions for the future of New York PAGE 19

VOL. XXXII, NO. 44 WWW.CRAINSNEWYORK.COM THE HIGH THE FDNY A SPINAL COST OF drops SURGEON DOMESTIC dispatch PAYS IT VIOLENCE system FORWARD P. 8 contractor P. 12 P. 40

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OCTOBER 31 - NOVEMBER 6, 2016 CRAINSNEW YORK BUSINESS

FROM THE NEWSROOM | AARON ELSTEIN | SENIOR REPORTER IN THIS ISSUE

What’s Wall Street worth? 4 AGENDA 5 IN CASE YOU MISSED IT TWO YEARS AGO, Mayor Bill de Blasio was tested by Wall 6 ASKED & ANSWERED Street. Bank of New York Mellon was selling its lower Man- 7 HEALTH CARE hattan tower and entertaining an offer to move its head- An East quarters and 850 employees to New Jersey, which was offer- 8 CRIME Village block rocked by ing generous tax breaks. 10 WHO OWNS THE BLOCK an explosion To his credit, the mayor refused to play a game of tax- last year is 12 SAFETY coming back break chicken and BNY Mellon ultimately decided to stay 13 ENTERTAINMENT downtown. But de Blasio is sure to be tested by Wall Street 14 VIEWPOINTS again in the years to come as cost-conscious banks export more jobs across the Hudson, or farther afield to Salt Lake 16 THE LIST City, Jacksonville, Fla., and elsewhere. In the mid-1990s, FEATURES New York has seen this sort of thing before. In the mid- 19 GET READY FOR 9 MILLION 1990s, Wall Street hit a rough patch and banks started Wall Street hit a sending administrative and back-office jobs to Jersey City rough patch and got to cut costs. After New Jersey offered the New York Stock a pile of tax breaks. Exchange a rich package to defect, Mayor Rudy Giuliani and the state agreed to split the cost of building a new It’s fair to ask what $800 million tower above the NYSE’s historic headquar- the city got in return ters. Separately, the New York Mercantile Exchange got nearly $200 million worth of incentives to stay, and Bear P. Stearns—which claimed it never threatened to leave—got $75 million in tax breaks. 6 DANIELLE MOSS LEE It’s fair to ask what the city got in return. Both the NYSE and NYMEX have been acquired and their trading floors all but wiped out by technological advances. Bear 38 CLASSIFIED collapsed in 2008. 40 GOTHAM GIGS Yet it wouldn’t be at all surprising if banks started quietly asking about tax in- 41 SNAPS centives again and moving jobs out if they don’t get them. Already, the city’s share 42 PHOTO FINISH of U.S. securities-industry jobs has declined to less than 19% from better than 30% two decades ago, and industry profits appear poised to decline for the sixth year out of seven, according to a report last week by the New York state Comptroller’s Office. While it would be politically explosive for the Wall Street elite to again be given tax breaks, keep in mind that the securities industry accounts for 21% of all private-sector wages paid in the city. For all the efforts to diversify the local econ- omy by expanding tourism, technology and other sectors, finance remains vital to the city’s fiscal health. De Blasio’s signature issue is income inequality, and he’s railed against subsidies for the Wall Street crowd. Yet he, like his predecessors, loves the tax revenue produced by the likes of JPMorgan and Goldman Sachs. If the big banks threaten to ON THE COVER move more jobs westward, what’s it worth to keep them here? The mayor should ILLUSTRATION: KELLY HUME prepare his answer.

DIGITAL DISPATCHES

CONFERENCE CALLOUT NOVEMBER 1 Go to CrainsNewYork.com Getting ready for READ The de Blasio administration’s plan 9 million New Yorkers to construct a platform above portions of the Sunnyside rail yards in Queens and Together with private- and top it with a mixed-use complex is be- public-sector leaders including hind schedule. The release of a feasibility Mayor Bill de Blasio, study that would advance the project was Crain’s will explore answers to supposed to be completed this summer but the questions facing may now take as long as a year to finish. New York City as it approaches a population milestone. n Miguel Gamiño Jr., SHERATON NY who previously held TIMES SQUARE the position of chief > information officer 8 a.m. to noon [email protected] of San Francisco, has been named New York City’s chief Vol. XXXII, No. 44, October 31, 2016—Crain’s New York Business (ISSN 8756-789X) is published weekly, except for technology officer. He double issues the weeks of June 27, July 11, July 25, Aug. 8, Aug. 22 and Dec. 19, by Crain Communications Inc., 685 Third Ave., New York, NY 10017. Periodicals postage paid at New York, NY, and additional mailing offices. Postmaster: Send fills a post that had been address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. For vacant since August, when Minerva Tantoco subscriber service: Call (877) 824-9379. Fax (313) 446-6777. $3.00 a copy, $99.95 one year, $179.95 two years. (GST No. stepped down to join a venture capital firm. 13676-0444-RT) © Entire contents copyright 2016 by Crain Communications Inc. All rights reserved. Tantoco inaugurated the CTO position in late 2014. BUCK ENNIS

October 31, 2016 | CRAIN’S NEW YORK BUSINESS | 3

P003_CN_20161031.indd 3 10/28/16 8:33 PM WHAT’S NEW October 31, 2016

AGENDAShaping New York’s future requires not only vision, but guts

ew York City has a plethora of forward-looking people in all of its industries, and the city would be wise to marshal their ideas and their support for shaping the future of the five boroughs. After all, we have a lot to prepare for—specifically, 500,000 Npeople, bringing the population to 9 million in the next two decades. Not everyone accepts this as desirable, or even inevitable: Soldiers of the status quo pop up at every turn. But they are essentially trying to hold back the tide. As long as there is economic opportunity here, people will keep coming. We need them to fit in, not pile in. When Crain’s called on big thinkers in the business community to pitch some projects, they came through with outside-the-box ideas (see page RESIDENTS AND TOURISTS are increasingly crowding the city’s sidewalks, 19). Naysayers would call their plans too ambitious or foolishly optimistic, streets and subways. We need them to fit in, not pile in. but we see them as bold if not prescient. The proposals don’t accept, for example, that the city will need highways like the Brooklyn-Queens Ex- Metropolitan Transportation Authority’s latest plan got the balance of its pressway in the years to come, or that isolated, low-slung neighborhoods funding from a mere promise by the governor, not an actual allocation. like Red Hook can never have subways and high-rises. Big thinkers are not bound by politics and orthodoxy. For many reasons, government struggles to look far ahead. Elected offi- Crain’s is focusing its annual NYC Summit conference this week on cials like projects that produce results—and gearing up for population growth. The key- votes—when they are still in office, not years Politicians have a pathological note address will be given by Mayor Bill later. Politicians also have a pathological de Blasio, which is appropriate because, al- aversion to tolls and other user fees. Consid- aversion to tolls, but big thinkers are though he is known for a focus on income er that Gov. Chris Christie would not raise not bound by politics and orthodoxy inequality, he has long seen development as New Jersey’s gas tax until the state’s trans- beneficial and necessary for the city. Indeed, portation fund was exhausted and a fatal that is not a contradiction: Studies have train crash exposed the consequences of inaction, and that Gov. Andrew shown that tight restrictions on building exacerbate inequality. The mayor Cuomo insists there will be no toll increase to pay for his new, $3.9 bil- understands that single-minded preservation merely bakes in gains for the lion Tappan Zee Bridge. Public agencies, for their part, are hamstrung. In haves and freezes out the have-nots. It is our hope that he can demonstrate the post–Robert Moses era, they answer to mayors and governors, who the courage to match his convictions, and that business and civic leaders can barely muster the courage to fund even a five-year capital plan. The will rally to this cause. — THE EDITORS

FINE PRINT Of every dollar paid for a movie ticket, at least 35 cents goes to the film’s owner, explained Cristina Cacioppo, creative manager of the Alamo Drafthouse theater in downtown Brooklyn. For new releases, however, the cut of total box office grosses is typically higher and negotiated by each theater chain. “Percentages vary between theaters, so it’s kind of a secret,” she said.

BY GERALD SCHIFMAN S T A T

25 WORDS OR LESS BOUNTIFUL HARVEST S

NEW YORK’S ORGANIC-FOOD industry is, well, growing. While the AND state contributes just 3.6% of the nation’s organic food, its production is expanding faster than the country’s as a whole.

This is the 3rd time Rise in U.S. sales of organic T “ products from 2014 to 2015, to HE CI this week where she 12% $6.2 billion

has gone to daddy Rise in New York sales of organic T products in that same period, to Y to change a decision 35% $221 million Acres of organic farmland or interject herself in New York, fourth most 213,000 among states —Douglas Band, longtime aide to Bill Clinton, in a leaked 2011 email about New York sales of organic Chelsea Clinton and the work of the cow’s milk, the state’s top organic product Clinton Foundation $93.6M

BUCK ENNIS, ISTOCK ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY SOURCES New York state comptroller, USDA

4 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

P004_CN_20161031.indd 4 10/28/16 9:27 PM AGENDA ICYMI CRAINSNEW YORK BUSINESS EDITOR IN CHIEF Rance Crain publisher, vp Jill R. Kaplan assistant to the publisher Devin Arroyo, 212.210.0701 EDITORIAL editor Jeremy Smerd What happens if the assistant managing editors Erik Engquist, Jeanhee Kim, Robin D. Schatz web editor Amanda Fung state Senate goes blue art director Carolyn McClain photographer Buck Ennis TATE SENATE REPUBLICANS face an uphill battle to ALL IN: Gov. Andrew senior reporters Joe Anuta, Aaron Elstein, Cuomo’s support Matthew Flamm, Daniel Geiger hold on to their chamber next week. At least nine of for Democratic reporters Rosa Goldensohn, the 63 races could go either way, the most in decades, candidates augurs Jonathan LaMantia, Caroline Lewis, a power shift in Addie Morfoot S Bruce Gyory data reporter Gerald Schifman according to state politics encyclopedia . And Albany. web producers Peter D’Amato, Yoona Ha Sen. Jeff Klein’s independent caucus, now six members columnist Greg David contributing editors Tom Acitelli, strong, could switch sides to the mainline Democrats. Theresa Agovino, Erik Ipsen, Brendan O’Connor, Cara S. Trager But while next session’s Senate power structure is anyone’s ADVERTISING guess, Gov. Andrew Cuomo has made his designs clear: He www.crainsnewyork.com/advertise advertising director Irene Bar-Am is promoting Democratic Senate candidates rather than [email protected] or 212.210.0133 lying low as he has in the past. (Aside from predicting a winner, Cuomo is likely securing his left flank against a 2018 senior account managers Democratic primary challenge like Zephyr Teachout’s stinging campaign two years ago.) Zita Doktor, Jill Bottomley Kunkes, Rob Pierce, Stuart Smilowitz, Debora Stein Interest groups spending big to shape the outcome—or at least position themselves for it—include charter senior marketing coordinator LeAnn Richardson school backers, teachers unions, real estate interests, the health care industry and, newly, Airbnb, which seeks to sales/events coordinator Ashlee Schuppius overturn a law limiting apartment listings. But although real estate interests and the powerful health care workers 212.210.0282, [email protected] union 1199 SEIU have long backed Republicans and continue to, a power flip would not necessarily jeopardize ONLINE general manager Rosemary Maggiore their priorities, such as the 421-a tax break and Medicaid spending. Democrats, whose last stint in control of the 212.210.0237 Senate was tumultuous and brief, will want the support of these powerful constituencies as much as vice versa. [email protected] CUSTOM CONTENT “You’ll see alliances realign,” said Gyory, an Albany-based political consultant. “So it doesn’t have to be a terrible director of custom content Patty Oppenheimer 212.210.0711 thing for the business groups. But nothing’s automatic. They’ll have to figure out how to build those alliances.” [email protected] If Democrats wrest control of the Senate, charter schools could face unwanted oversight and teachers unions multicultural sales manager Giovanni Perla [email protected] could win more funding for urban public schools. An act codifying Roe v. Wade could pass, as could climate-change senior custom marketing manager Sonia David, [email protected] bills and the DREAM Act, which would let undocumented students get financial aid. Democrats will push for EVENTS campaign-finance and ethics reforms to deliver on campaign promises made in the wake of corruption scandals in www.crainsnewyork.com/events director of conferences & events both parties. Mayor Bill de Blasio also would benefit, not because he is so close to Senate Democrats or doing any- Courtney Williams, 212.210.0257 [email protected] thing to help them, but because Senate Republicans have made him the bogeyman of their re-election campaigns. manager of conferences & events — ROSA GOLDENSOHN Adrienne Yee AUDIENCE DEVELOPMENT director of audience & content Fantasy sports sites pay up DATA POINT New Mount Sinai downtown leader partnership development FanDuel and DraftKings agreed to Mount Sinai Health System announced Michael O’Connor, 212.210.0738 THREE-QUARTERS OF THE [email protected] pay New York $6 million each to set- that its executive vice president and CRAIN’S 5BOROS tle charges that they misled consumers NEARLY 53,000 GUNS USED chief medical officer, Dr. Jeremy Boal, www.5boros.com Irene Bar-Am, 212.210.0133 about winnings. The deal ends their TO COMMIT CRIMES IN NEW has been named president of Mount [email protected] battle with state Attorney General Eric Sinai Beth Israel, the network of doc- REPRINTS Schneiderman, whose determination YORK FROM 2010 TO 2015 tors’ offices and treatment centers reprint account executive Krista Bora that the sites violated the state’s gam- that the health system is spending 212.210.0750 WERE ORIGINALLY PURCHASED bling laws caused the sites to temporar- $500 million to develop below 34th PRODUCTION OUTSIDE THE STATE. production and pre-press director ily shut down this year. They resumed Street. Boal replaces Susan Somerville, Simone Pryce operations after legislation legalizing who resigned. media services manager Nicole Spell and regulating daily fantasy sports sites SUBSCRIPTION CUSTOMER SERVICE www.crainsnewyork.com/subscribe was passed in August. John Jay College president to step down [email protected] After 13 years at the helm of John Jay 877-824-9379 (in the U.S. and Canada). Twitter cuts Vine College of Criminal Justice, Jeremy $3.00 a copy for the print edition; or $99.95 one year, $179.95 two years, for print Twitter, which has struggled to be profit- Travis plans to leave in August. He is subscriptions with digital access. able and recently announced it will slash credited with bolstering the school’s to contact the newsroom: www.crainsnewyork.com/staff 9% of its workforce, plans in the coming fundraising, expanding opportunities 685 Third Ave., New York, NY 10017-4024 months to shut down the three-year- for military veterans and integrating phone: 212-210-0100 fax: 212-210-0799 old mobile app Vine, which displays the college with other City University Entire contents ©copyright 2016 six-second videos. Manhattan-based of New York programs. Crain Communications Inc. All rights reserved. ©CityBusiness is a registered Vine said it would figure out ways for trademark of MCP Inc., used under license users to keep their videos. Carlyle Group exits hedge funds agreement. One of the largest private equity firms CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS Hearst buys aviation-software firm is whittling down its hedge fund invest- Pearl River Mart to return chairman Keith E. Crain In a move to further diversify beyond ments, once worth $15 billion. Carlyle The beloved Asian-goods empori- president Rance Crain magazine publishing, Hearst acquired is the latest major investor to reduce um plans to open a pop-up shop in treasurer Mary Kay Crain, Cindi Crain senior executive vp, William Morrow Camp Systems, a Merrimack, N.H.– exposure to hedge funds because of TriBeCa at 395 Broadway on Nov. executive vp, director of strategic based aviation-maintenance software poor returns. The firm, which manages 17. The space will then become operations Chris Crain provider, for a reported $2 billion. $169 billion, plans to focus on direct Pearl River Mart’s permanent out- executive vp, director of corporate operations K.C. Crain lending. post. The store, which first opened senior vp, group publisher David Klein Amtrak settles crash case in Chinatown in 1971, shuttered vp/production, manufacturing David Kamis American Apparel bankrupt, again chief financial officer Bob Recchia Amtrak agreed to pay more than 100 last year because it faced a five-fold chief information officer Anthony DiPonio plaintiffs up to $265 million to settle The clothing retailer might file for bank- rent increase at its SoHo location founder G.D. Crain Jr. [1885-1973] claims related to a derailment in Phila- ruptcy in the next few weeks, setting on Broadway, which it occupied chairman Mrs. G.D. Crain Jr. [1911-1996] delphia of a New York–bound train last the stage for a sale of the company by for 15 years. Word of its closure secretary Merrilee Crain [1942-2012] year. It is one of the largest rail-crash letting it exit leases and shutter part of sparked an outcry from longtime settlements in U.S. history. The accident its retail operation. American Apparel customers.

killed eight and injured more than 200. emerged from bankruptcy in February. GETTY IMAGES

October 31, 2016 | CRAIN’S NEW YORK BUSINESS | 5

P005_CN_20161031.indd 5 10/28/16 8:01 PM AGENDA ASKED & ANSWERED NONPROFITS INTERVIEW BY CATHERINE FREDMAN

DANIELLE MOSS LEE YWCA

he YWCA of the City of New York was the nation’s There’s been a first YWCA and now serves 2,500 families in the five narrative that boroughs. Since joining the organization in 2012, “ President and CEO Danielle Moss Lee has promoted ‘the girls are Tand expanded its social justice advocacy for women and girls. OK’ that the Recently, she co-chaired the New York City Council’s Young data doesn’t Women’s Initiative, an effort to remove the systemic barriers to support achievement that disproportionately affect young women of color.

How is the YWCA of New York City distinct from the national YWCA? All YWCAs have the same mission: eliminating racism and empowering women. We are wholly focused on developing women and girls from all walks of life here in the New York City area.

How do you interpret the mission within the context of New York City? We believe the work we do to develop teen girls and young women DOSSIER ages 21 to 35, and the child care programs we offer that make it possible for working families to know their kids are safe, are vital. WHO SHE IS President and chief executive officer, YWCA of In what ways would you like to see the YWCA evolve? the City of New York Historically, the YWCA has been an all-encompassing organization SALARY $200,000 plus a for women. The piece that’s been missing has been extending $30,000 discretionary bonus that reach to girls. AGE 47 What makes the “W” in the YWCA relevant today? BORN Upper There’s been a narrative that “the girls are OK” that the data West Side doesn’t support. The Young Men’s Initiative and My Brother’s RESIDES Upper Keeper are necessary, but the idea that girls of color don’t also West Side need support—whether in school, health care, the criminal justice EDUCATION system or the foster care system—is just not accurate. Swarthmore College, B.A. in English literature and history; New York has a reputation for highly segregated schools. Does the Teachers College, Columbia University, YWCA bring girls together? M.A., Ed.M. and Ph.D. The signature event among our girls initiatives is our annual Poten- RÉSUMÉ Moss Lee was a teacher tial to Power Girls Symposium, which this year will bring together in the Bronx and Brooklyn and for 10 250 girls from public, private and parochial schools. What comes years was the president and CEO of out of those conversations is all the things girls have in common— the Harlem Educational Activities all the issues they struggle with, the aspirations they share—and Fund. This year, Mayor Bill de Blasio appointed her to the city’s newly estab- being able to celebrate each other in a free and nurturing environ- lished Commission on Gender Equity. ment. It’s a transformational experience for many of the girls, and not just the ones from poor backgrounds. After all, if everyone you WHICH Y Growing up, Moss Lee attended “the other Y—the YMCA on West 63rd Street.” She know lives on Park Avenue, that’s an isolating experience, too. went to McBurney High School, which was run by the YMCA of Greater New York. What are some of the other programs you have launched? GENDER STUDIES “People kidded me about I’m proud of our YW Amplifying Multiple Perspectives Leadership taking on this role at an organization where the board Program for teenage girls. We also offer free programs for high is all women—‘oh, it’s going to be catty’ and all the school girls interested in science, technology, engineering, art, stereotypes about women. It was so nice to see women activism and math. Our 2015 YW Geek Girls Hacker Team was the thinking intentionally and thoughtfully. There have been only team of high school competitors to make the final round of a lot of women who supported me along my journey the New York City BigApps Competition. without an agenda or quid pro quo, and it is important to emphasize that.”

A lot of people were dismayed when the YWCA sold its historic midtown BUCK ENNIS headquarters in 2005 for $31.5 million. Was there fallout? The board and executive staff at that time really struggled with how the sale would impact the community’s perception of the organization, but they saw it as an opportunity to take the mission out into communities. After all, the needs of those who live in the vicinity of 52nd Street and Lexington Avenue now are different from those who lived there in the early 1900s, when that building was built. The neighborhoods we now operate in—East New York, Brownsville, Coney Island, Clinton—have pockets of real poverty that need our attention and support. n

6 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

P006_CN_20161031.indd 6 10/28/16 5:50 PM AGENDA HEALTH CARE

Employer health care costs rose faster in New York under Obamacare Since 2010, premiums have risen an average 5.4% each year BY JONATHAN LAMANTIA

or the majori- increase in the contribu- annually on average, af- health care, however, be- miums and deductibles, more money is coming ty of states, the tions New York employ- ter increasing 8.5% a year cause costs have grown versus 7.6% in 2010. out of their paychecks, growth in em- ees made to family cov- between 2006 and 2010. faster than wages. In “To an average family, which haven’t really ployer health erage slowed in the five Families are now New York, the average it doesn’t feel like health grown,” said David Rad- Fcare costs has slowed years following the ACA. spending a larger por- household is spending care costs are growing ley, senior scientist at the since the passage of the Families’ costs rose 7.4% tion of their incomes on 9.9% of income on pre- more slowly, because Commonwealth Fund. n Affordable Care Act, but in New York the oppo- site has happened, according to a Common- wealth Fund report. In New York, employer premiums for single-person coverage rose an average 5.4% yearly from 2010 to 2015, versus a 3.2% annual growth rate in the five years before the David Seelinger health law’s passage in CEO 2010. For family cov- EmpireCLS erage, employers paid 5.9% more each year on average, compared with a 5.1% annual increase from 2006 to 2010. New York’s results contrasted with those of 33 states and Wash- ington, D.C., where employer-plan premiums have grown more slowly. The regional charac- teristics of each health Driving care market, such as the levels of competition efficiency. among insurers and providers, drive differences in health care spending around the country, said Sara Collins, lead author of the report. “What happens in negotiations Understanding over rates between those two entities matters a what’s important. lot,” she said. Laurel Pickering, president and chief executive of the North- east Business Group on Health, which rep- As a luxury limousine company that serves customers around the globe, personal service, professionalism and efficiency resents employers, at- tributed the more rapid are everything to EmpireCLS Worldwide Chauffeured Services. And David Seelinger finds M&T Bank shares those values. growth in employers’ We took the time to truly understand their operation and anticipate their needs, and we’re able to make credit decisions costs to higher costs of care in New York and locally – helping the company to keep moving forward. To learn how M&T can help your business, visit mtb.com/commercial. rising drug costs. To combat escalating health care costs, local employers are shifting expenses to employees through high-deduct- ible plans, and investing more in health management programs that aim to keep workers’ chronic DEPOSITORY AND LENDING SOLUTIONS | TREASURY MANAGEMENT | MERCHANT SERVICES | COMMERCIAL CARD illnesses in check, Pick- ering said. By contrast, the re- Equal Housing Lender. ©2016 M&T Bank. Member FDIC. port showed the rate of

October 31, 2016 | CRAIN’S NEW YORK BUSINESS | 7

P007_CN_20161031.indd 7 10/28/16 7:30 PM AGENDA

Domestic violence now top Homeless shelter entrants, by cause 40% Eviction Domestic Violence 35% driver of homelessness 28.1% Surpasses evictions as main reason New Yorkers land in city shelters 30% 25% BY ROSA GOLDENSOHN AND GERALD SCHIFMAN 27.5% 20%

15% ntil recently, Tiffanieentrance in early 2016, according to Hughes, 21, was attending Department of Homeless Services data 10% community college and obtained by Crain’s through a Freedom 05% waitressing while raising her of Information request. The problem 2002 2016 Uinfant son. But as her 51-year-old boy- is hardly new, however. For a decade, friend became increasingly abusive, her domestic-violence survivors and their spent on city shelters in fiscal 2016. issue, a woman’s issue, a social-service grades suffered and she quit school. families have composed more than a Domestic violence has a significant issue,” Quinn said. “But is it much “I messed up because I was just quarter of those housed by the agency, impact on society. It costs employers more? Is it something that affects our going through a lot with him,” the a number that has crept up in the past $2.5 billion in lost productivity nation- businesses, affects the staff our hospi- Staten Island native said, fighting back few years while evictions have dramat- ally, according to a U.S. Centers for tals can get, the number of home health tears. “I wasn’t focused, how I usually ically decreased, perhaps because the Disease Control study, and cuts some aides, security guards? Absolutely.” am. And I wanted to finish school so city began providing free legal services workers out of the labor force entirely. The impact is felt by the city’s med- bad. That’s one of the things that I really to help people stay in their homes. In a 2013 survey, 58% of survivors ical systems, from emergency room want to do.” It is not clear that domestic violence reported taking time off from work; visits to long-term health issues. The On Oct. 8, her boyfriend slashed her itself has risen. Domestic violence– 28% said they lost a job as a result of national price tag on the health costs of across the chest. Hughes fled the apart- related murders have dropped in the domestic violence, which can cause intimate partner violence in 2003 was ment they shared and entered the city’s past decade. The Department of Home- health problems that diminish women’s $5.8 billion, according to the CDC. homeless shelter system. less Services says improved screening stable employment for years after the It also represents a sizable chunk As the shelter population surged and intake methods have encouraged abuse ends. of the city’s crime. Forty-nine of toward October’s historic high of more of those seeking shelter to report “Often we think of domestic vio- the first 275 murders this year were 60,000 and the issue began dominating abuse. The agency trained employees lence only as physical violence, but it’s domestic-related, according to the front pages, fingers were pointed at the on interview techniques, established a about power and control, which can NYPD, which gets an average of 800 usual suspects: mental illness, addic- private interview space and began con- be ‘You’re not allowed to have a credit calls a day about domestic crime. “It’s tion, the housing market, landlords and necting clients to city social workers card, you’re not allowed to work,’ ” said a huge part of the time that is spent by low wages. early in the shelter eligibility process. Christine Quinn, former City Council our detectives citywide,” said Dermot But violence in the home has cost Hughes and her son are among more speaker and executive director of Win, Shea, deputy commissioner for oper- more New Yorkers their homes this than 13,000 families with children in the service provider that runs the Man- ations. year than any other factor. It surpassed city shelters, accounting for two-thirds hattan shelter where Hughes now lives. And as other crimes have been eviction as the top reason for shelter of the population and $625 million “This has always been an emotional driven down, domestic incidents’ share 񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅 񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕 񡑦񡑦񡑦񡑦ᑦ񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦�ᑦ񡑦ᑦ񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦񡑦�ᑦ񡑦񡑦� +#񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀 ,񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰ᑰ񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰ᑰ񡑰񡑰񡑰 2&/%񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀� ∀)∀−∃∀∗ &∀.񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆((4񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀 .񡑰񡑰񡑰񡑰�񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰ᑰ񡑰񡑰ᑰ�0񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀+−6.񡑀񡑀 %&∃%(4񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅񡑅0 /񡑀񡑀񡑀񡑀񡑀񡑀 )+∗/%(4񡑀񡑀∀(∀1񡑰񡑰񡑰񡑰񡑰�ᑰ񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰ᑰ񡑰񡑰ᑰ񡑰񡑰� ∀3,∀−/񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀�+񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀�./∀∀− (∀񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰ᑰ�񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰�ᑰ񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰� 񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰�∀񡑑񡑑 5񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀� 5񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀�񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀�񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀 MORE THAN 13,000 񡑓񡑓񡑓񡑓񡑓񡑓񡑓񡑓&+∗.񡑀񡑀񡑀񡑀񡑀񡑀񡑀�񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀 MORE THAN 13,000 families with children 5񡑀񡑀񡑀񡑀񡑀񡑀�&∀!񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀�񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀 families with children live in city shelters, 񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰�ᑰ񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑘񡑘񡑘񡑘񡑘񡑘 live in city shelters, which cost taxpayers 5񡑀񡑀񡑀񡑀񡑡񡑡񡑡񡑡񡑡񡑡񡑥񡑥�񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰 which cost taxpayers $625 million during the 񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰−+∃−񡑰񡑰ᑰ $625 million during the last fiscal year. 5񡑀񡑀񡑙񡑙� ∀∗.∀!񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕񡑕 last fiscal year. 5񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀�񡑀񡑀񡑀񡑀񡑀񡑀񡑀 5񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀�񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀 5񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀�񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀�񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀� 񡑁񡑁񡑁񡑁񡑁񡑁񡑁񡑁񡑁񡑁񡑁 5񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀�񡑀񡑀񡑀񡑀񡑀񡑀񡑀񡑀� 񡑁񡑁񡑁񡑁񡑁񡑁񡑁񡑁񡑁񡑁񡑁񡑁񡑁−∀ /+−. 񡑣񡑣ᑣᑣᑣ񡑣񡑣񡑣񡑣񡑣񡑣ᑣ񡑣񡑣񡑣񡑣񡑣񡑣񡑣񡑣񡑣񡑣ᑣᑣ񡑣񡑣ᑣ񡑣񡑣ᑣᑣ񡑣񡑣ᑣᑣᑣ񡑣񡑣ᑣᑣᑣ񡑣񡑣񡑣񡑣ᑣᑣ񡑣񡑣ᑣᑣᑣᑣᑣ񡑣񡑣񡑣񡑣ᑣᑣᑣ񡑣񡑣ᑣᑣᑣᑣᑣ񡑣񡑣񡑣񡑣񡑣񡑣񡑣񡑣ᑣᑣᑣᑣᑣᑣ񡑣񡑣ᑣᑣᑣᑣᑣᑣᑣᑣ񡑣񡑣 /%񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰ᑰ񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰ᑰ񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰�񡑰񡑰񡑰񡑰񡑰񡑰�ᑰ񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰񡑰�񡑰񡑰񡑰񡑰 񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄񡑄

񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡񡑡 񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆񡑆 GETTY IMAGES

8 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

P008_P009_CN_20161031.indd 8 10/27/16 7:59 PM CRIME

of serious crimes has risen to 11%. He praised the city’s Family Justice Experts have a hard time quantify- Jay College of Criminal Justice, said the “When you talk about workload,” Shea Centers, where survivors can meet con- ing long-term increases or decreases essence of violence between partners is said, “it’s a significant part of our day.” fidentially with case managers, counsel- in domestic violence, which is widely coercion and control. Shea was careful not to oversimplify ors and attorneys while their kids play underreported and has had its defi- “Domestic violence is a serious the reasons behind the drop in murders, in an on-site child care center. nition broadened over time. Only imbalance of power that dramatically though he noted that the department Mayor Bill de Blasio last week recently has data begun to capture robs the other person of autonomy, dig- has refined its approach to domestic announced reforms aimed at improving incidents between same-sex partners, nity and liberty,” Raghavan said. violence during that period, adding the city’s response to domestic violence, for instance. Until strangulation—a In Tiffanie Hughes’ first week at the specially trained officers. including placing housing lawyers at common form of domestic violence— shelter, she enrolled her son in Head Policing the problem has its lim- Family Justice Centers. City Council- was made a crime in New York state in Start and lined up two interviews for itations, though. “It’s tough to devise woman Julissa Ferreras-Copeland plans 2010, such assaults were not included in waitressing jobs. She hopes to return to crime-fighting strategies that take place to introduce a bill to allow employees to the city’s count of serious crimes. school eventually, but is also eager to be in somebody’s living room,” Shea said. take “paid safe days” in an emergency. Chitra Raghavan, a professor at John working. “I like to waitress,” she said. n %

69PORTION of New York City’s homeless To us . . . real estate shelter population professionals are just as composed of important as medical families with children professionals.

My relocation and move-in were smooth

49MURDERS in going. Even before the move, the leasing the city this process was painless. My real estate year linked to domestic experts told me they’ve never met violence—18% of all homicides building owners like these.

Robert G. Silverman, DC Chiropractor

Experience a medical “mecca” where the on-site owners www.westmedpavilion.com are reliable, supportive . . . and totally responsive. Let 311 North Street l White Plains, New York For Leasing Information, call us show you how we go “the extra mile and a half,” to Craig S. Ruoff at 914-305-9306 produce turnkey medical installations. We are a strong Exclusive Leasing Agent: business entity and we are eager to work with you. Cushman & Wakeﬁeld

On behalf of your medical clients, let’s get acquainted.

October 31, 2016 | CRAIN’S NEW YORK BUSINESS | 9

P008_P009_CN_20161031.indd 9 10/27/16 7:59 PM AGENDA WHO OWNS THE BLOCK REAL ESTATE

119, 121 & 123 SECOND AVE.

East Village explosion site sees first sale since deadly 2015 blast Second Avenue parcel commands $6 million

BY TOM ACITELLI

19–23 ST. MARK’S PLACE

n March 26, 2015, an explosion tore Developer Charles Yassky bought through the slender, squat apart- the 84-year-old apartment building ment building at 121 Second Ave. in here in June 2004 for $5.5 million. He gut-renovated it the following the East Village, killing two people in year. The eight-story building now Othe sushi restaurant on its ground floor and injur- has 41 apartments. Its ground-floor 127–129 SECOND AVE. AND 36 ST. MARK’S PLACE ing 19 others. The blast destroyed the building and space, which once held the Electric Circus, a nightclub Andy Warhol the two adjacent ones. A limited partnership that includes executives at helped create, now has a Chipotle Jonis Realty of Great Neck, L.I., controls these three The three lots remain vacant, but one has and retailers. properties. Both 127 and 129 Second Ave. have 22 recently sold, continuing a strong run of local apartments. The building at 36 St. Mark’s Place, also sales. Two other nearby sites sold this summer— known as 131 Second Ave., has 20 units as well as seven commercial spaces. The limited partnership 3 E. Third St. went for $11.5 million in August, and obtained $20 million in financing from New York 221 Ave. C traded for $23 million in June. “In that Community Bank in August 2012. area last year, you had 27 buildings trans- acted,” Howard Raber, a vice president at 34½ ST. MARK’S PLACE Ariel Property Advisors, said. “This year, Thomas Montante, CEO of TM to date, you already have 20.” 125 SECOND AVE. Montante Development in west- The 2,500-square-foot lot at 123 Sec- ern New York’s Erie County, The Bodhanowycz family ond Ave., which previously housed three bought the six-story, 11-unit has owned the seven-story, apartments and a Belgian frites restaurant building in November 2005 for 26-unit apartment building $4.65 million. since summer 2001. The within its five floors, sold in September for owners took out a $5 mil- $6 million. The owners of the other two lion mortgage on it from buildings reduced to rubble—119 and 121 Second JPMorgan Chase in May. The building was dam- Ave.— are under indictment for manslaugh- aged by the 2015 blast; its ter and negligent homicide connected to the 41 E. SEVENTH ST. tenants temporarily evacu- explosion, which investigators blamed on an ated. The owners could not An LLC controlled by investor be reached for comment. illegally tapped gas line. John Ilibassi and based in New The $6 million sale price for what’s now a Hyde Park, L.I., bought the six- vacant lot at 123 Second Ave. is likely higher floor, 22-unit apartment building than what the building that stood there with three commercial spaces in July 2009 for $8.05 million. 124 SECOND AVE. would have commanded. The sellers, who The LLC took out a $4.5 million originally asked $9.7 million, had taken a mortgage on the property from Pan Am Equities bought the $499,000 mortgage on the building in 1999, JPMorgan Chase in March. six-story, 22-unit apartment building in January 2006 for and it generated gross revenue of $283,580 in $7.21 million. The Manoche- 2014, per real estate research website Reonomy. rian family, which controls Moreover, the September sale price for the lot Pan Am Equities, reportedly owns more than 80 buildings is comparable to what larger nearby apartment in Manhattan, including many buildings have traded for in recent years. The new ex-tenement buildings along owner of 123 Second Ave., an inves- First and Second avenues. tor from the West Village, could not 119 AND 121 SECOND AVE. be reached regarding any develop- Michael Hrynenko acquired the five-story building at 119 ment plans—and none have been Second Ave. in January 1980 for an undisclosed sum. He 123 SECOND AVE. filed with the city—but it’s unlikely took out mortgages totaling nearly $799,000 in the 1980s and ’90s. Hrynenko, who owned the popular East Village such a choice spot will remain unde- In December 1978 George Pasternak paid an undis- café Kiev until closing it in 2000 to focus on his real estate closed sum for this five-story, three-unit apartment veloped for long. n investments, purchased the five-story, four-unit apartment building dating from 1834. Twenty-one years later, he building next door in December 1999, also for an undis- took out a $499,000 mortgage on the building, which closed sum. When he died in 2004, his widow, Maria, and housed a Belgian eatery on the ground floor. The 2015 their son, Michael, took control. blast leveled the edifice. Pasternak and his wife, Anna, Prosecutors say the wife and son and workers they hired sold the site for $6 million in September to Ezra Jason started siphoning gas from an adjacent property to heat the Wibowo, a private investor. The site had been marketed apartments in 121 Second Ave., leading to the 2015 blast as a residential development opportunity of up to 10,000 that killed a customer and a worker in the sushi restaurant square feet. Wibowo could not be reached for comment. on its ground floor. The Hrynenkos, their plumber and a contractor have been indicted on manslaughter charges. OASIS.NET, GETTY IMAGES OASIS.NET,

10 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

P010_CN_20161031.indd 10 10/27/16 7:16 PM CMYK C=0 M=50 Y=100 K=0

Pantone 152C

FRESH MOUNTAIN AIR COMES TO NYC

WE ARE PROUD TO BE THE 1ST NYC BUILDING WITH PROVEN BREAKTHROUGH AIR PURIFICATION TECHNOLOGY

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For inquiries regarding units 1,500 – 26,000 rsf please contact: Exclusive Leasing Agent:

Mitti Liebersohn Arthur Mirante Michael Gottlieb James Lizmi Nathan Kropp Gregory E. Kraut 212.729.7734 212.729.1896 212.729.6809 212.729.4857 212.858.9361 212.729.3203 [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]

KAMBER 16-0004 Crains full_10.875x14.5.indd 1 10/24/16 11:33 AM AGENDA SAFETY

SLOW ROLLOUT: The FDNY’s long- awaited dispatch update has hit FDNY ditches tech partner, will another snag. revamp dispatch system itself But critics fear department lacks in-house expertise BY MATTHEW FLAMM

wo years into the would have taken almost as spokesman said the money is development of a long, and that only by bring- already appropriated within computer-aided dis- ing the project in-house can it the $2.03 billion budget of the patch system for develop a system suited to the Emergency Communications Tthe city’s fire trucks and bat- nation’s largest and most com- Transformation Program. talions, the Fire Department plex firefighting operation. The ECTP, which was has pulled the plug on the “The bottom line is that launched in 2004 with the project and decided to mod- the [Hexagon] product is not aim of modernizing the city’s to manage the job. already spent on the project, ernize on its own. The system, meeting our mission-critical 911 emergency communica- “I find it concerning that $3.6 million for which the city which was to revamp opera- needs for dispatching and tion system, has been fraught any government agency would has been billed and $10 mil- tion methods that date back managing fire operations,” a with delays, mismanagement, want to build a product from lion that was part of the orig- to the 1970s, was expected Fire Department spokesman cost overruns and changes in scratch rather than modify an inal budget but has not yet to be in place by the end of this said. “We’re going to customize direction. existing product,” said a for- been spent. year. a product of our own, utilizing mer city official familiar with The rebuild also would Hexagon Safety and Infra- our programming resources Call-waiting the project. have required 18 additional structure, whose Intergraph and our own people.” So far, reaction to the Fire In addition, a do-it-your- months of work, followed by division has been developing Those resources will include Department’s decision has not self system, another former 12 months of analysis and products for city emergency outside consultants and pro- been favorable. insider pointed out, does not testing. services for nearly a decade, grammers, who will assist the “This is just another example get the kind of maintenance “We have subject-matter delivered the new dispatch FDNY’s programming team of the administration’s ineffi- and updates that are regularly experts—the dispatchers who system several months ago. and operations experts, the ciency, with endless delays and provided by an outside vendor. do the work and will pair up But the FDNY found the soft- spokesman said. cost overruns,” City Council But the FDNY spokesman side by side with program- ware insufficiently customized A Hexagon spokesman woman Elizabeth Crowley said. maintained that taking the mers,” the spokesman said. for the department’s particular did not respond to requests Crowley chairs the Committee project in-house was the only “We have our legacy system, logistical needs, which include for comment. The company, on Fire and Criminal Justice way to create a system that Starfire, as a starting point. moving trucks into support based in Huntsville, Ala., has Services. “I hope one day a ensures public safety. Because And we’ve learned a great deal. positions when a firehouse delivered a CAD system for more improved 911 call-taking of its size and complexity, New We know what we’re looking is engaged in an emergency. the city’s Emergency Medical system will be the outcome of York is a notoriously difficult for, what to avoid and what the In tests, the system didn’t Service. That product is still this investment, and I look for- place for which to develop obstacles might be.” always assign the right units to being tested. ward to a comprehensive hear- public-safety software systems. The department does have emergencies. The Fire Department says ing in the near future.” The do-it-yourself approach previous recommendations on The FDNY now expects to it will make use of work that The FDNY’s decision to go will also be cost-effective, he its side: A 2014 review of take three years to get a mod- has gone into the development it alone was greeted with skep- said: Hexagon wanted $19 the ECTP found that agencies ern computer-aided dispatch of the system during the past ticism by some city govern- million to address the short- such as the FDNY should rely (CAD) system up and running. two years, and is budgeting ment veterans, who questioned comings in its product. That less on consultants and take a But the department insists $30 million for the comple- whether the department has would have been in addition to bigger role in the management that fixing Hexagon’s software tion of the project. The FDNY the know-how and manpower $10.7 million the department and execution of projects. n

Construction groups sue to block city’s new crane safety rules Stricter regulations adopted in wake of deadly February collapse BY JOE ANUTA

he construction in- enforced regulation withstands operations safer—much to the dustry escalated a the legal challenge, construc- chagrin of construction trade long-simmering dis- tion sites across the city will groups, which complained agreement with the be forced to shut down much they did not have a seat at the Tde Blasio administration over more frequently than they have table. crane regulations last week by in the past, a move city officials Those rules were released filing a lawsuit in Manhattan say will prevent catastrophes in March and June, but the Supreme Court. such as this year’s accident on plaintiffs in the lawsuit main- The suit is challenging a Worth Street. tain that the new rules will FATAL FALL: February’s collapse in TriBeCa killed a pedestrian and decades-old law requiring On Feb. 5, a more-than-500- add costs, time and regulatory sparked calls for more oversight. operators to stop work when foot-tall crawler crane—which burdens to construction sites winds reach 30 miles per hour, has tanklike treads around without improving safety. “There is no other United that over eight months in which the city began enforc- its wheels—collapsed amid a The Building Trades Em- States, or any international, 2016, winds met or exceeded ing in the wake of a fatal crane developing winter storm, kill- ployers’ Association of New standard or regulation man- 30 mph 25% of the time—offi- crash in lower Manhattan in ing 38-year-old passerby David York and the General Contrac- dating or even suggesting cials argued that safety is more February. Wichs and damaging a number tors Association of New York, that 30 mph winds necessitate important. Should the suit prove suc- of buildings in TriBeCa. who along with other trade special safety placement or “The city’s crane rules are cessful, it would permanently In response, the city’s groups sued the city, argue the maneuvers for crawler cranes,” there to protect people’s lives. void the city’s rule, meaning Department of Buildings tem- 30 mph rule has no scientific the suit said. Cranes should not be operat- crane operators would simply porarily banned the use of basis and was implemented The Buildings Department ing in high winds,” a spokes- adhere to guidelines written crawler cranes across the five without going through the stood by its decision. Though man said in a statement. “We by a particular crane’s manu- boroughs and formed a work- proper legislative channels or the rule might slow down look forward to reviewing this facturer—which the industry ing group to draft new regula- waiting to find out the cause of work on sites across the five action and are confident we

BUCK ENNIS, AP IMAGE argues is safer. But if the newly tions designed to make crane the February accident. boroughs—the lawsuit alleges will prevail.” n

12 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

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WANT A BEER Brooklyn welcomes WITH THAT? Waitstaff the Alamo serve meals and drinks Texas-based chain of dine-in theaters opens first NYC multiplex BY ADDIE MORFOOT seatside.

ith the concession-stand atten- and Q, League said the in 15 minutes,” he said. Metro Theater at 2626 bellwether. “We are going Oct. 28 dants, waitstaff and cooks, Alamo will draw Man- Alamo had initially Broadway, citing costs. to wait to see how this open- among other roles. hattan residents as well as set its sights on the Man- “We would have just lost performs,” League said. “If ing of With the complex’s locals. hattan market. In 2013 money,” League said. it does well, we will look aWn Alamo Drafthouse proximity to nine subway “Lots of parts of Man- the company canceled Three years later, the at other possibilities in the Cinema, a big player has lines including the B, R hattan can easily get here plans to renovate the old Brooklyn Alamo is now a New York market.” n T:8.125” entered the burgeoning field of dine-in theaters in Brooklyn. The seven-theater, 796-seat multiplex plans to show art-house and independent films as well as Hollywood block- busters, and serve food Health plans and alcoholic beverages to seated filmgoers. It is the Austin, Texas–based Alamo’s first location in New York City and its that stand out. 25th nationwide. The company reportedly has $170 million in annual sales. Competitively priced with the stability you need. Dine-in theaters have been legal in It’s time to switch to Oxford. New York only since 2011, when Matthew Viragh persuaded the state to overturn Prohibition-era legislation banning alcohol at movie theaters. That year, Viragh opened Nitehawk Cinema, a three-screen, 186-seat

theater in Williamsburg. T:10” Nitehawk announced in September that it will take over the Pavilion movie theater, at 188 Prospect Park West in Park Slope, and spend approximately $10 mil- With Oxford, you get the choices you’re looking for — with health plans you’ll prefer, prices lion to renovate it, cre- you’ll like and the peace of mind that comes from working with a market leader. And now your ating a seven-screen, business can take advantage of new lower rates on many Oxford plans across all three of our 650-seat complex that is networks. Explore Oxford and experience the advantages of working with a local carrier that due to open next fall. Syndicated, a 50-seat, has spent the last 30 years serving businesses like yours. single-screen competi- tor, opened in Bushwick in January. New, lower-cost Tim League, Alamo’s Freedom Network Liberty Network founder and CEO, says Metro Network he doesn’t see the market becoming too crowded: “There is plenty of room in this city for all sorts It’s time Find out why many businesses are switching to Oxford. of people doing good Call your broker or visit uhc.com/OxfordNY today. stuff, and the Nitehawk to switch. people do good stuff.” Located at 445 Albee Square West, the Alamo will occupy the fourth and fifth floors of the 1059735.0 10/16 Oxford insurance products are underwritten by Oxford Health Insurance, Inc. new City Point complex Oxford Health Plans LLC. All rights reserved. 16-2438 NY-16-483 in downtown Brook- lyn. The theater will employ more than 150 UEI160061_NY_JnrPg-Crains 1 10/19/16 9:07 AM

VICTORIA STEVENS people as ticket takers, Client Alts Internal & External Team Project Details Color Dimensions Date: 10-19-2016 9:07 AM Depot #: Cyan, Magenta, Flat: 8.125" x 10" Creative Prod. Mgr: Name: NY Junior Page for Crains Yellow, Oct Blackober 31, 2016 | CFolded:RAIN’S NEW YORK BUSINESS | 13 Job Number: UEI160061 Stage: IR Reading Level: Software: CS6 1 File Name: UEI160061_NY_JnrPg-Crains Notes:

P013_CN_20161031.indd 13 10/27/16 8:07 PM AGENDA VIEWPOINTS

For some New Yorkers, everything riding on election Nov. 8 will have huge impact on Schumer, Gillibrand and others

WITH ONE WEEK TO GO is whether she can match President until the election and Obama’s 28-point margins, which in Hillary Clinton hold- 2008 provided coattails that swept out HIGH STAKES: Schumer ing a substantial lead virtually all of the state’s congressional and Gillibrand await in the polls, here’s Republicans. Polls show Republicans Election Day. a New York–centric with an edge in several contested races. guide to election night Clinton will have to do better than those Cuomo on their behalf. The races to Clinton administration housing sec- and beyond for Sen. surveys show (she is 24 points ahead of watch are in the suburbs where Republi- retary, says he is not interested (“been GREG DAVID Charles Schumer and Donald Trump) with very high turnout cans such as Terrence Murphy—backed there, done that”), but with the continu- other aspirational to swing those down-ballot races. by charter school supporters and New ing scandals surrounding his adminis- New York Democrats, as well as the The most interesting election is in York real estate interests—are attempt- tration, there’s always the chance he U.S. House and state Senate. the Hudson Valley to replace ing to tar their opponents as allies of could change his mind. Kirsten Gilli- ● Schumer. Clinton’s wid- Rep. Chris Gibson, a moder- Mayor Bill de Blasio. The Republicans brand has been senator for eight years ening lead has emboldened ate Republican who is retiring. have tried this tactic before, and it will now, and maybe she’d like a change of Democrats to believe they The GOP candidate is former be important to know if it still reso- pace, which is more likely if the Dem- can retake control of the U.S. longtime legislator John Faso, nates. (It also shows that de Blasio has ocrats don’t win the Senate than if they 24CLINTON’S lead Senate. No one would ben- who is more conservative no hope of higher office.) do. Many officials in the Cuomo and de efit more from that than the over Trump in than Gibson. The Democrat is In the end, the balance of power Blasio administrations clearly would state’s senior senator, who New York Zephyr Teachout, New York’s will remain with the six-member Inde- regard D.C. as a step up in their careers. will become the Senate’s top answer to Elizabeth Warren. pendent Democratic Conference, but a Remember that Gillibrand’s own Democrat in January. It will be The result will say a lot about strong showing by Democrats will force career was established when then–Sen. much more fun for Schumer if he’s the the ideological preferences of voters the IDC into an alliance with them. Hillary Clinton unexpectedly became majority rather than minority leader, outside the city. ● Going to Washington. A Clinton Obama’s secretary of state. So the defec- and he would be far more powerful ● State Senate. Democrats are hop- victory will open up hundreds of pres- tions will reverberate in New York. n as well. ing to end Republican control of the state tigious positions in Washington, and ● U.S. House. Clinton is going to win Senate by riding Clinton’s wave and the New York Democrats will be well posi- GREG DAVID blogs regularly at New York handily, but the question first substantial effort by Gov. Andrew tioned to fill them. Cuomo, a former CrainsNewYork.com.

Ferry service would be lifeline Readers also weigh in on Trump country and Pier 40

AS A RESIDENT OF A New for the new Astoria spend hours traveling Dumbo, a bank on Wall UPSTATE’S DON’T LEAVE US York City Housing ferry landing, and we’re rather than using that Street or a manufacturing STRUGGLES WITHOUT PIER Authority development eagerly awaiting the time to study. business in Sunset Park. I notice what Alex Pier 40 in Hudson River and a big proponent of launch of the Astoria Citywide Ferry is And for the first time, it Marshall saw (“A visit Park is very close to my Mayor Bill de Blasio’s ferry route next year. going to improve that will allow many families to Trump country—the heart, and it makes me Citywide Ferry, I can As long as I’ve lived reality for thousands of to take advantage of Catskills,” op-ed, Oct. 3) proud that our neighbor- say firsthand that Erik here, this community my neighbors. The land- some of our city’s most each time I’m upstate. hood and the Hudson Bagwell’s op-ed “Don’t has been cut off from so ing at Hallets Cove will amazing destinations, There’s a large swath— River Trust are fighting ferry public money to much of our city. We’re be a short walk from our from Rockaway Beach to from Albany to Syra- to make the pier better those who need it least” a mile from the subway, front doors. The ferry Brooklyn Bridge Park. cuse, then south to the (“Project would save Pier (Sept. 26) missed the much too far for many will be fully accessible to Citywide Ferry won’t Catskills and along the 40 and improve the West boat. Citywide Ferry of our older or disabled all. And at the same price single-handedly solve all Southern Tier—where Side,” op-ed, Oct. 24). will be a lifeline to tens residents. Even for those as a subway ride, the cost of our city’s transit prob- everything looks tired My family and I use the of thousands of working able to make the trip, will be well within reach. lems. But for New York- and forgotten. There is so fields at Pier 40 because New Yorkers, including getting anywhere other Bagwell seems to ers in communities from little economic opportu- there are few other places more than 15,000 fami- than midtown Manhat- suggest that to be equi- Astoria to Red Hook to nity in those places. to play outside. If Pier 40 lies in NYCHA housing tan requires long com- table, the ferry system the Rockaways, it’s the A Metro-North were taken away from within a half-mile of a mutes and transfers. should only connect biggest public investment expansion on the west us, thousands of people ferry landing. As a result, I’ve seen lower-income neighbor- in transportation we’ve side of the Hudson could would have nowhere to I’ve lived in Astoria people forced to turn hoods with each other. seen in decades. And for stimulate many com- practice and play orga- Houses for more than 60 down jobs in parts of This argument ignores my neighbors and me, it munities, but I would nized sports. The fields years and, as president of the city that are all but the very point of an will open up opportuni- imagine that (aside from help us stay active and the Resident Association impossible for them to effective public-transit ties to work, learn and the reality that there’s healthy. since 2008, give a voice reach. I’ve seen working system, and what play that have remained no political will for Please save Pier 40 to the 3,000 people who parents spend hours makes Citywide Ferry closed to us for too long. such a thing to happen) and Hudson River Park call this development every day commuting so appealing to people CLAUDIA COGER residents of these areas for my family, my team home. My neighbors and instead of being home in this community. It President, would fight the incursion and my neighbors. I worked with the city to with their families. And will connect us with Astoria Houses tooth and nail. LEO RAHN, 12 help select the location I’ve watched students good jobs at a startup in Resident Association WASHIEWASH TriBeCa

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14 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

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16 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

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18 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

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What’s the BIG IDEA?

n his four-plus decades as New York City’s “master builder,” Robert Moses oversaw the construction of 13 bridges, 416 miles of parkways, 658 playgrounds and 150,000 housing units. In the decades since, even as city planners have done well “building back” much of what time, neglect and, in the case of the World Trade Center, terror had laid low, they have been hard-pressed to approve, let alone complete, any major infrastructure projects on the scale of what Moses accomplished. IBut as the city’s population surges toward 9 million, the time for thinking small is now past. Fortunately, there’s no shortage of big ideas to fill the void—which is why we asked a group of leading architects, designers and real estate experts to offer up some of their visions for the city’s future. So as we examine Moses’ complex legacy, and its impact on how things get built today, we also glimpse some possibilities to come, and take comfort in the prospect that we can make it here.

— CONTRIBUTORS: JOE ANUTA, PETER D’AMATO, AARON ELSTEIN, GERALD SCHIFMAN

October 31, 2016 | CRAIN’S NEW YORK BUSINESS | 19

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MASTER BUILDER: Moses left a complex but lasting legacy. DO WE NEED ANOTHER MOSES? Safeguards created to prevent the rise of another power broker have become obstacles to the city’s progress BY MARC J. DUNKELMAN

ore than 40 years after its debut, and had come to champion an unworkable vision The Power Broker still defines of the city. He’d favored vehicular traffic over mass the public’s perception of Rob- transit. He’d advocated condemnation rather than ert Moses. Published in 1974, the rehabilitation. He’d preferred diktat to dialogue. same year that Watergate felled And as Jane Jacobs, Moses’ great nemesis and the MRichard Nixon, Robert Caro’s biography leveled author of The Death and Life of Great American Cit- similar disdain at a figure who had spent decades ies, famously argued, by running roughshod over the at the pinnacle of power. In majestic detail, the delicate ballet of ordinary urban life, he’d engineered Pulitzer Prize–winning biography recounts Moses’ the city’s collapse. epic fall from grace, as well as that of New York, Decades later, after New York had begun its a city then on the precipice of bankruptcy. In rebound, Moses’ legacy took on a somewhat differ- the process, Caro answered a question on every- ent cast. In the 1990s, crime fell, streets came back one’s mind: How had Gotham fallen so far? to life and parks were safe again. Even in the wake The Power Broker offered an explanation: Moses of 9/11, Wall Street was bullish and the real estate had trampled upon the interests of ordinary people market hummed. But as new gleaming towers arose from once gritty streets and politicians cut ribbons opening glorious new parks, the city’s basic infra- DESPITE DECADES OF structure remained largely as Moses had left it. Yes, CHANGE, NEW YORK’S the Port Authority had constructed the AirTrain, and the city had financed an extra subway station on BASIC INFRASTRUCTURE the far West Side. But those were marginal improve- REMAINS LARGELY AS ments, paling in comparison with the projects that girded Moses’ legacy.

GETTY IMAGES MOSES LEFT IT CONTINUED ON PAGE 22

20 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

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WITH SUBWAY RIDERSHIP bursting at the seams, Mayor GENSLER Bill de Blasio has proposed creating a light-rail line to run BIG IDEA: from Astoria, Queens, to Sunset Park, Brooklyn. The folks at Repurposing architectural and design firm Gensler want to take that idea existing track beds to allow a step further, proposing a high-powered, multimodal, 15-mile light-rail com- rail line from Jackson Heights to the Brooklyn Army Terminal muter lines and by repurposing existing freight lines. By leveraging current commercial development infrastructure to support emergent commercial activity, the ESTIMATED below-grade transportation corridor would effectively create COST: N/A new land to develop. The key is getting the tracks’ owner, the Long Island Rail Road, to share them. “All the track you need for this project already exists. Economics wouldn’t be an obstacle.” —OLIVER SCHAPER, Gensler director of planning and urban design

PRIMING REAL ESTATE BUILDING A PARK ON THE WORLD’S MOST EXPENSIVE PARKING LOT

A NEARLY 5-ACRE WACHTEL PIER jutting into the MISSRY Hudson across the street LLP AND from the Jacob K. Javits KOHN Center currently houses PEDERSEN FOX an NYPD tow pound that BIG IDEA: A William Wachtel, found- hotel, residen- ing partner at law firm tial, conven- Wachtel Missry LLP, said tion and park holds around 200 cars at a complex to bring the time. “It’s the world’s most Javits Center expensive parking lot,” he to its full said. Instead, Wachtel and potential architecture firm Kohn ESTIMATED Pedersen Fox say the pier COST: $700M AIR RIGHTS could feature nearly 1 million square feet of park space woven into Hudson River Park and BUILDING UP AND OVER IN SOBRO the High Line, ballrooms and meeting rooms that could augment the Javits Center as well BACK IN THE 1970S, the New York City Housing Authority helped CURTIS + as a hotel, residential and retail complex. champion an innovative development in the South Bronx. Using air GINSBERG The whole thing could be connected via a rights over the Harlem Metro-North rail line, three buildings known as BIG IDEA: footbridge that would run over the West Morrisania Air Rights housing were built on steel-lattice frames over Develop air- Side Highway and connect to a point in the the sunken rail bed. As the number of new residents strains the city’s space above existing convention center that was originally housing stock, Curtis + Ginsberg Architects proposes continuing to Metro-North rail beds designed with a pier extension in mind. The build over the remaining seven miles of that same Bronx rail cut. The to increase pier itself would be strong enough to support 60-foot-wide railway is easier to span than the massive layout Hudson housing and development of the mixed-use base and the Yards is building over, and the prefabricated buildings would absorb unite neigh- hotel or condo towers and could be paid for borhoods the sounds from trains, unlocking the potential for commercial and in part by some form of partnership with a green spaces on the surrounding underdeveloped land. The 16,000 ESTIMATED COST: $780M private developer. The project could integrate potential units could house 46,000 residents, and the development per mile, $5B seamlessly with an expansion announced would bridge the neighborhoods that have been separated by the to $6B for this year by Gov. Andrew Cuomo. train tracks for more than a century. maximum development “This could be a natural extension of “A lot of major infrastructure projects create divisions and Hudson Yards.” boundaries. This can help stitch neighborhoods together.” —A. EUGENE KOHN, KPF chairman —MATTHEW MELODY, Curtis + Ginsberg senior associate

October 31, 2016 | CRAIN’S NEW YORK BUSINESS | 21

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WASTE MANAGEMENT TURNING TRASH

INTO CONTINUEDTREASURE ON PAGE 16

IN HIS ONENYC PLAN, DATTNER Mayor Bill de Blasio set a tar- BIG IDEA: get of contributing zero waste Converting to landfills by 2030. Right now, waste- this goal seems distant, as the transfer city recycles or composts just stations into eco-friendly 25% of its solid waste. Much fuel of the remainder gets sent to producers out-of-state landfills via four ESTIMATED waterfront transfer stations COST: $750M located in Manhattan, Queens and Brooklyn. To make the process more sustainable, Dattner Architects suggests outfitting the stations with plasma arc technology, a process that converts solid waste into synthetic gas and other materials that can be sold for industrial and construction uses. Better yet, the process doesn’t release harmful combustion emissions into the atmosphere. In all, Dattner estimates that building the plasma infrastructure would cost $150 million to $200 million per location. But the potential impact of the project would be massive: If the system were instituted at the marine-transfer stations in Manhattan and the land-based stations in the Bronx and Staten Island, all city residents and workers could participate in eco-positive waste disposal. “The tech is at a point where it becomes realistic to consider it. The time to start discussing it is now.” —DANIEL HEUBERGER, Dattner principal

Step back for a moment and ask your- that enjoy near-universal support. self: In a city that built so much spectac- To be fair, it’s not as though nothing ular infrastructure through the 19th and has been done all these many years. The 20th centuries, why is it still so hard to vast infrastructure created during and get to LaGuardia and JFK? Why does the before the Moses era—much of it by West Side Highway still stand as a barrier the Port Authority’s longtime chairman, to the waterfront? How can we still have Austin Tobin—required maintenance only two rail tunnels under the Hudson? and repair. Dick Ravitch, chairman of How can so many communities in Brook- the MTA from 1979 until 1983, saved lyn, Queens and the Bronx still be with- the subway system by focusing on out subway service? How can the Port long-overdue repairs and improvements. Authority Bus Terminal and Penn Station City engineers closed the Williamsburg remain as they are? The answer is dispir- Bridge so that it could be rebuilt, and iting. Rather than proactively building Ground Zero is now back on line. But for the future, New York has contented even the projects now on the horizon— itself with “building back” in response to three new subway stops along Second crises. In the absence of Moses’ cudgel, Avenue, a new terminus for Long Island the pipeline of major projects has slowed commuters below Grand Central—seem to a trickle. To this day, with the possible meager in the shadow of what Moses exception of the forthcoming water tun- AFTER MOSES REVIVED the moribund project, building the Triborough Bridge and his contemporaries left as a monu- nel for Brooklyn and Queens, no major generated more than 31 million hours of labor in 134 cities in 20 states. ment to the city’s indomitable power. project has reached completion since the And those in power in the post-Moses Verrazano Bridge opened in 1964. And era have hardly been less ambitious or it’s not because New York has been bereft of leaders since Nelson Rockefeller and John Lindsay ushered visionary. Mayor Michael Bloomberg and members with grand visions. In fact, the city’s failure to keep Moses off the public stage. Since the 1970s fiscal cri- of his administration championed Hudson Yards, up with the demands of a growing population is a sis, New York has refashioned the process for build- the High Line and a massive rezoning, even as their direct result of the well-meaning protections erected ing public infrastructure explicitly to prevent the more far-reaching efforts to remake public infra- to preclude the rise of another Moses. second coming of a similar power broker. The public structure, such as NYC2012 and congestion pricing, was so horrified by the human toll Moses imposed fell by the wayside. Mayor Bill de Blasio has proposed Standing in the way of progress that those in charge have inadvertently created a a new streetcar system, the BQX, to traverse much Anyone who has read The Power Broker under- system that prevents any single bureaucracy from of Queens and Brooklyn. And Gov. Andrew Cuomo stands the impetus behind those protections. No wielding so much authority. Rather than getting has promised to take up Moses’ mantle, announcing one wants to revisit Moses’ abuses. But neither can a grand projects built, elected officials have sought to new projects across the region and state, including at city poised to grow to 9 million residents stand per- prevent any single person or entity from bulldozing LaGuardia Airport, Penn Station and, most notably, petually incapable of accomplishing big things. through even the mildest opposition. The barriers the Tappan Zee Bridge. To understand why so little has been done, we they’ve erected have prevented nearly every shovel But much more notable is what hasn’t happened.

NEWSCOM need a deeper appreciation for what has happened from being put into the ground—even on projects CONTINUED ON PAGE 24

22 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

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WITH AN ESTIMATED 83% of new residents expected to FXFOWLE plant their roots in the Bronx, Brooklyn and Queens during BIG IDEA: the next 25 years, the need for more transportation options Suspended to distant parts of the city will grow. FXFOWLE has devised tram line an ambitious plan to create an entirely new transit system: a encircling the suspended tram that would encircle the city, connecting the five boroughs and parts of five boroughs and the New Jersey side of the Hudson River. New Jersey The 57-mile “halo line” would pass over several bodies of ESTIMATED water by running along existing infrastructure, including the COST: A lot George Washington, Bayonne and Verrazano bridges. The tram’s construction would be less disruptive than subway expansions and provide a mode of transportation that is operable in the event of widespread flooding, which is becoming increasingly likely. Crucially, it would provide new routes to LaGuardia Airport, Hunts Point Market and other hubs and spur development in far-flung areas such as St. George, Flatbush and East New York. The system would be within a half-mile of 1.7 million residents. “If you look at New York City and other cities around the world, they’re investing in transportation infrastructure that really spurs growth and development.” —JACK ROBBINS, FXFOWLE principal

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October 31, 2016 | CRAIN’S NEW YORK BUSINESS | 23

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URBAN RENEWAL CREATING SPACE FOR CREATIVE TYPES

NEWCOMERS ARE PERKINS+WILL FLOCKING to New York for jobs BIG IDEA: in the creative and entertainment Rezoning New- industries, with Brooklyn seeing town Creek area a 23% growth in information- for “makers” sector jobs last year. The city’s COST: N/A current residents need good jobs close to inexpensive housing. Perkins+Will proposes converting 50 million square feet of heavy-industrial areas around Newtown Creek, which forms part of the boundary between Brooklyn and Queens, to light-industrial use, with workshops housed in mixed-use developments that include affordable housing. Freight barges and trains would transport goods out of the area, with a streetcar or bus line along the commercial corridor for residents and visitors. Flood risks would be mitigated through a combination of raised berms and “sponge” zones designed to absorb storm surges. Robert Goodwin, New York design director at Perkins+Will, says new cycling and pedestrian paths would be installed on top, making the nine miles of new waterfront space reminiscent of Dutch dikes. “Heavy industry really isn’t job-supplying. If you put a lot of oil tanks there, it uses a lot of land and doesn’t provide many jobs. So use that land for starting up businesses.” —ROBERT GOODWIN, New York design director at P+W

It took three years and one month for the Penn- sylvania Railroad to build the original McKim, Mead & White–designed Pennsylvania Station in 1907. By contrast, nearly a quarter century has passed since Daniel Patrick Moynihan put a new gateway into midtown atop his agenda. No one disputes that the current facility is a national humiliation, and every commuter should hope that the efforts afoot today gain some traction. What’s been the holdup? There’s no single answer, but it’s hardly a surprise when so many actors have wielded a proverbial veto. For years, the Postal Service delayed the whole effort, thanks to its ownership of the Farley Building across Eighth Avenue. Then Amtrak, which was strapped for funding, stood in the way. The governor, the mayor, the Port Authority, Madison Square Gar- den, the MTA, New Jersey Transit, Vornado, Related and a spate of other public and private actors have roles to play. And absent a miracle that aligns every interest, one dissatisfied party can always stymie the prospect of progress. Unwinding the maze The labyrinthine process that succeeded Moses’ rule did not emerge by design. No one intended to make it so hard to get big projects completed. Rather, the gravitational forces that bring good ideas crashing to CONTINUED ON PAGE 26

THE FORCES THAT NOW BRING GOOD IDEAS CRASHING TO THE GROUND EMERGED FROM THE MUDDLE OF GOOD INTENTIONS

24 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

P024_P025_P026_P027_P028_CN_201610131.indd 24 10/28/16 9:06 PM EDUCATION LEARNING TO GROW SCHOOLS MANY OF THE city’s public SLCE schools are low-rise buildings ARCHITECTS adjacent to big open spaces. BIG IDEA: SLCE Architects proposes to Adding multi- build multipurpose structures use buildings in their courtyards. Unused to underused schoolyards areas and air rights could be ESTIMATED sold and leased to housing COST: $50M developers, with building per project heights limited per neighborhood norms. “If you go into districts in Queens and Staten Island with private houses, saying you’re going to build a 40-story building, it’s never going to happen,” says Saky Yakas, a partner at SLCE. “You have to consider the neighborhood and its scale. These would be mid-rise buildings rather than high-rise buildings.” With about 850 New York City schools ripe for such development, SLCE estimates that the new buildings could house 255,000 people, with many of the units devoted to affordable housing. The new developments could be a boost to schools, too. At P.S. 140 Edward K. Ellington in Jamaica, for instance, student capacity would be increased by 37% without sacrificing much playground space. “This could be a win-win situation if you can get the bureaucrats to sit down and figure out some way to implement it.” —SAKY YAKAS, SLCE partner

HOUSING A PLACE FOR ALL IN BUSHWICK Building GENTRIFICATION often ODA creates a divide between NEW YORK New York’s Future new and old residents, but it BIG IDEA: doesn’t have to be that way. Enhancing private Demands ODA New York envisions a developments new type of development with more public Only the Best. space rising in trendy Bushwick, ESTIMATED COST: Brooklyn—a multifaceted $360M apartment complex that doubles as a public space. Set on the former site of the Rheingold brewery, the new structure would house 1,500 to 2,000 people while accommodating many more. Nearby residents of Bushwick and Williamsburg could use the site’s ample public facilities including park space and coffee shops. “The old formula for large residential projects was luxury by segregation,” said Eran Chen, executive director of ODA. “Dead-end boxes with amenities available only to the people living there. People today are interested in buildings that are connected to their environment and neighborhoods.” Chen estimates that construction will cost The General Contractors Association represents $360 million. ODA has already submitted plans, New York’s unionized heavy civil infrastructure including rezoning requests, that are in the early public-review stages. contractors. Our 300 members employ over 20,000 skilled trades and professional workers “Not only do I think it’ll be less disruptive constructing building foundations and public The General Contractors to the neighborhood, it’ll be a place of works projects throughout New York Association of New York, Inc. engagement, a place to be.” —ERAN CHEN, ODA New York executive director

October 31, 2016 | CRAIN’S NEW YORK BUSINESS | 25

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TRANSPORTATION PREPPING FOR A SELF-DRIVING FUTURE

IF THE FUTURE really is SKIDMORE, one full of self-driving cars, OWINGS & computer-directed trucks and MERRILL sky-riding drones, doesn’t that BIG IDEA: Shrinking the mean there will be a lot less city’s highways need for the city’s choked in advance of impending highways? The designers at automation, Skidmore, Owings & Merrill are and reclaiming preparing for that future with surplus space for public use a radical reimagining of one of and commercial Robert Moses’ least-loved leg- development acies: the invariably jammed COST: N/A Brooklyn-Queens Expressway. Envisioning the world’s first “autonomous electric superhighway” that gener- ates its own power to propel vehicles, the designers call for burying the portion of the roadway that slinks past Cobble Hill and covering it with new housing. The remaining elevated portion would be shrunk to three lanes—half its current width—and replaced with at-grade boulevards, parks and commercial and residential development. The unused roadway surplus would provide a 400-acre windfall of new open space.

the ground emerged URBAN RENEWAL FACTS from the muddle of good intentions. Take, for example, REIMAGINING RED HOOK the little-noted 1970s bureaucracy known RED HOOK has long been underserved by public transit, and as a result, AECOM as the Public Author- $1.5B the Brooklyn neighborhood has not grown as much as many nearby commu- BIG IDEA: ESTIMATED ANNUAL toll ities Control Board. nities. But its waterfront real estate has real value, and AECOM has a plan to Extend the revenue from Moses-era Established to help get more out of it. For roughly $3 billion, the No. 1 train could be extended No. 1 subway to Red Hook, bridges and tunnels ensure the state’s ac- across the East River, with stations popping up at Atlantic Basin adjacent to cess to private capital Brooklyn the container terminal, at the Red Hook Houses and at the Fourth Avenue ESTIMATED markets, the PACB connection to the F, G and R subways. That would open the way for 45,000 COST: $3B gave the governor, more residential units. Ancillary benefits include acres of parkland, a revi- the speaker of the As- talized industrial port and flood protections to guard against the kind of sembly and the Senate 1M+NUMBER of people tra- damage the neighborhood sustained during Superstorm Sandy. majority leader veto versing them power over any major “This is a canvas where we can create tens of thousands of housing units without on any given day public outlay. Today, during an era when pushing people further to the periphery of the city.” Albany appears much —CHRISTOPHER WARD, AECOM senior vice president farther from the fiscal cliff, the PACB is too often employed as a bargaining chip in the interminable process of driving a proposal through Albany. Many recall Sheldon Silver’s veto of the West Side stadium. Fewer may remember that he nixed a version of Penn Station’s overhaul—using the power vested in his office by the PACB. The takeaway is clear: The long-term effect of a well-intentioned reform added another brick to the wall preventing big projects from moving forward. The PACB is just one example. As Philip K. How- ard of the nonprofit advocacy group Common Good has related, the modern environmental review process has grown well beyond its original conception. When President Nixon signed the National Envi- ronmental Policy Act, reviews ran to no more than 300 pages. Today, they reach into the tens of thousands. Additional safeguards added at the state and city levels provide for restrictions on noise levels, traffic patterns and much more. The effect in many cases has been to make it impossible to complete projects that would be more environmentally sustainable than the status quo. Speak with people deeply involved in any given CONTINUED ON PAGE 28

26 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

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GROWING PAINS | GIRDING FOR 9M

TRANSPORTATION DESTINATION STATIONS project and they rarely complain about systematic dysfunction. They tend to chalk up the delay to the workaday challenge of dealing with government bureaucracies—even though projects proposed in previous eras were completed much more quickly. Or they blame a single actor for failing to pay requi- site attention to the petty challenges associated with each individual project. But quotidian bureaucratic considerations alone can’t account for New York’s obvious failure to keep pace. More than a century ago, New York faced a similar set of problems. At the time, many said that Tammany Hall was obstructing the broader public interest. A band of reformers, including the likes of Robert Moses, pursued a new vision, one in which experts untethered from the demands of street-level politics would wield more control. In the years that followed, the Port Authority and the Triborough Bridge Authority conspired to steal and sequester the power once controlled by bosses. And for decades that strategy worked. We’ve now come full circle. Just as Moses arose from Tammany’s ineptitude, the current stalemate is a reaction to Moses’ abuses. And the question is what New York will do now. TRADITIONALLY, the sole purpose of a subway station is for riders PERKINS As the city prepares to house 9 million residents, to hop on and off trains. But Perkins Eastman envisions subway stops EASTMAN projects including Gateway, Moynihan Station and as destinations. At the Bowery–East Houston Street intersection, for BIG IDEA: Turning the Port Authority Bus Terminal need to come instance, a sunken amphitheater and rotunda could be built to minimize subway stations online. But the answer isn’t to vest power into big into places to the congestion at the nearby Second Avenue F stop. Plus, diverting cars linger quasi-governmental authorities—we live in an age into a roundabout would make the streets safer. The company figures ESTIMATED COST: when people have dwindling faith in institutions of the Bowery/Houston rotunda would cost at least $10 million. $10 million all sorts. Rather, New York needs to shape a reform If enough subway stops are adapted into destinations, many New per station agenda that rebalances the fulcrum of power so that Yorkers would benefit. More than 5.8 million riders used the Second Ave- decision-makers serve the region’s broader interests nue stop last year, and many more pedestrians passed through the area. A new hangout even while protecting local communities. there could lead to additional development and heightened property values. A system that makes progress possible again will get some projects wrong. But the status quo—a sys- “I don’t think anyone thinks private automobiles will dominate the public realm in tem in which nothing gets done absent a crisis—im- perils too much of what New York does well. n the next 100 years. There’s an emphasis on quality of life in the public realm, and the goal is to repurpose the transit system.” Marc J. Dunkelman is a fellow at NYU’s Marron —JONATHAN COHN, principal at Perkins Eastman Institute of Urban Management.

URBAN RENEWAL EL OF AN OPPORTUNITY

HUNDREDS OF MILES of elevated DESIGN TRUST highways, bridges, subway and com- FOR PUBLIC muter rail lines cut across New York SPACE City neighborhoods, and the areas BIG IDEA: Trans- beneath them are often poorly lit and forming unused unappealing—and sometimes dan- space under elevated infrastruc- gerous. But rather than gritty barriers ture into public that divide neighborhoods, like the plazas Brooklyn Queens-Expressway in Sun- ESTIMATED COST: set Park or the elevated No. 2 and N/A No. 5 lines in the Bronx, the Design Trust for Public Space sees these mil- lions of square feet of publicly owned land as an enormous asset. The nonprofit envisions green, brightly lit pedestrian plazas that would knit neighborhoods and residents together. Storm-water runoff from highways could feed lush plantings below—which would have the dual benefit of absorbing CO2 pollution from the traffic passing above. The trust has already tested out its idea with several pilot projects, and is currently working with the city to develop a municipal El-Space Program that would help communities across the five boroughs replicate their results. “The possibilities are endless.” —OZGUR GUNGOR, DTPS communications manager

28 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

P024_P025_P026_P027_P028_CN_201610131.indd 28 10/28/16 9:07 PM ADVERTISING SUPPLEMENT TO CRAIN’S NEW YORK BUSINESS

Explore the

A MESSAGE FROM MARLENE CINTRON BRONXPRESIDENT, THE BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION he Bronx is booming! Over the past few years, the Bronx has experienced a resurgence like no other. It has transformed into a shining example of economic growth, revitalized Tcommunities and ever so many must-see destinations just waiting to be discovered. In fact, the Bronx is increasingly becoming a hot destination for tourists and business alike. This special section called “Explore the Bronx” has been created for you by Crain’s Custom Studio, a division of Crain’s New York Business, to guide you through the opportunities, developments and attractions fueling growth throughout this blossoming borough.

To start, an appealing residential infrastructure is emerging in the South Bronx: market-rate housing and co-op conversions abound, anchored by a wave of commercial development spurred from the arrival of players like Silvercup Studios North and Fresh Direct. The diversity and entrepreneurial spirit of the Bronx is inspiring organizations throughout the city—from nonproﬁ ts to technology—to trust us with their businesses and call the Bronx home.

From the historic seaport community of City Island to landmark destinations like the Bronx Zoo and the New York Botanical Garden, there’s no shortage of places for day trippers and tourists to visit. History buﬀ s and art lovers will flock to Edgar Allan Poe’s cottage and the Bronx Museum of the Arts.

Turn the page and ﬁ nd out what the Bronx has to oﬀ er. You’ll discover, what I’ve witnessed for years, the heart and energy that drives our growth every day!

Crain's Exploring The Bronx 8 Page Section MECH.indd 1 10/27/16 3:38 PM ADVERTISING SUPPLEMENT TO CRAIN’S NEW YORK BUSINESS Explore The Bronx The South Bronx: The Next Real Estate Fronti er

(left) View to opened up landmarked Lobby into the Marketplace off the Grand Concourse, set within former Post Office. (top) Historic Photograph of the Bronx Post Grow your business. Office in December, Low rates. Great options. Borrowing when it’s needed most can take your business to the next level. That’s where City National Bank

t started with the Clock Tower Lofts conversion on an adjacent lot by owner Carnegie Management. also close to work and entertainment venues across and First American Equipment Finance, a City National company, come in. With a low-interest-rate commercial back in 2002, and was very slow to gain momen- The Somerset Partners project, in partnership with the Harlem River. “You couldn’t ask for better access real estate loan or equipment lease financing, your business will be on The Way Up®. Itum. But a decade and a half later, the South Bronx Chetrit Group, will charge market rate for the 2,000 to public transportation, and with Uber, getting is experiencing a rapid development boom unlike planned rental units with waterfront views, although around is so easy,” said Rubenstein. The South Bronx anything the borough has seen since the industrial Rubenstein is developing a second parcel with 50 is also surrounded by a network of roadways giving it Visit cnb.com/NYLoans for the details and to request contact. buildings along the waterfront opened for business a condominium units atop several hotel floors with easy access by car and close proximity to Laguardia century ago. retail and restaurants in the base. A number of other Airport. condominium projects are in the works, and their An unprecedented number of residential units are ranks will swell as banks and not the government do Commercial Investments COMMERCIAL REAL ESTATE LOAN coming to the neighborhood, in a mix of new con- more of the local fi nancing. Surge Forward struction and conversions of old factories. Players like Fresh Direct and Silvercup Studios North are part There remains a robust market for aff ordable Investment in the area will total $1.28 billion this year, Whether you’re looking to purchase, improve or refinance your owner-user property, get a fixed rate as low as 3.40% of a wave of commercial development that includes developments however, like 496-unit La Central, a up from $.25 billion in 2009, according to Cushman on amounts from $750,000 up to $5 million.1 much-needed retail, restaurants, a spurt of breweries mixed-use project that will include a YMCA, a skate Wakefi eld, with steady growth over the past three and distilleries, and about a dozen new hotels. park and community space; and Via Verde, a complex years. Projects like the Banknote Building, one of the of 151 low-income and aff ordable rental units and 71 fi rst factory conversions and now 90% occupied, are EQUIPMENT LEASE FINANCING As with development elsewhere in the outer bor- middle-income co-ops. Both are in Melrose. beginning to proliferate. Savanna Partners and Hornig oughs, price and convenience of location to Man- Capital Partners are renovating the 172,000-square- hattan are a big part of what’s driving the trend, foot Bruckner Building at 2417 Third Ave., and, across Having the right equipment is important to the continued success of your business. Lease new computers, copiers, according to David Simone, senior director, Cushman the street, what was known as the History Channel servers and other IT equipment for less than the equipment purchase price during a 3-year lease period. Enjoy & Wakefi eld. “It’s cheap compared to Building—for the massive billboard that stood on top no payments for the first 3 months — all through First American Equipment Finance, a City National company.2 of it—is being converted into 168,000 square feet of “It’s cheap compared to Brooklyn and Queens and Brooklyn and Queens and shared offi ce space. accessibility to Manhattan is tremendous,” he said. accessibility to Manhatt an 1 The Commercial Real Estate Loan is subject to credit approval and loan documentation acceptable to City National Bank (“CNB”). Loan amount from $750,000 up to “Mott Haven to midtown is half the commute time of According to Tom Farrell, managing partner, Savanna $5,000,000. Offer is limited to the business organization addressee only and is not transferable. Real property must be located in California, Connecticut, Nevada, New Jersey places in Brooklyn.” is tremendous.” Partners, demand for space is coming from a mix or New York only. Loan must be secured by a deed of trust or mortgage of first lien priority on owner-user commercial real property; no subordinate liens permitted. Proceeds – David Simone, Senior Director, of Bronx-based nonprofi ts, companies priced out of loan cannot be used for construction purposes (other than tenant improvements). Certain types of real property excluded. The operating business entity occupying the real Keith Rubenstein, founder of Somerset Partners Cushman & Wakefield of Manhattan or even Long Island City, and artists property (if different from the borrower) must guarantee the loan, and such business entity’s assets must secure the guaranty. Additional guaranties may be required. Appraised value of the real property to be determined by an appraisal obtained by CNB. Certain fees, including appraisal, title insurance, loan closing attorney fees and a portion of the New which is building six 25-story residential towers on priced out of Bushwick and Williamsburg. The South York mortgage tax (for properties located in New York) are payable by the borrower in connection with the loan. To be eligible for the offer, a signed and dated loan application the waterfront at the Third Avenue Bridge, quantifi es Bronx is a steal by comparison. on CNB’s form must be received by November 30, 2016. Financial information and other information requested by CNB must be received by December 30, 2016, and loan closing the proximity to Manhattan another way: “If you had The rezoned Special Harlem River Waterfront District must occur by January 31, 2017. Advertised rates are as of September 1, 2016 and are subject to change without notice. Contact your relationship manager for current rates a decent arm you could throw a football across the is also ripe for development. “We are doing deals in the mid- to high-$20 per and terms. Refinances of existing CNB business loans are excluded from this offer. If you are approved for a Commercial Real Estate Loan, all payments must be automatically Harlem River,” he said. square foot,” Farrell said. “Compare that to $40 per deducted from a CNB business checking or savings account. CNB business checking or savings account used for automatic payments is subject to the account’s standard transaction and other fees. Additional terms and conditions apply. Ask us for details. “There is huge opportunity on the water,” said Mar- square foot in Long Island City; Harlem in the high 2 Equipment lease financing is subject to credit approval and documentation acceptable to First American Equipment Finance, a subsidiary of CNB. At the end of the lease A Burgeoning Residential lene Citron, president of the Bronx Overall Devel- $30s – low $40s; Brooklyn in the mid-$60s and Man- term, the Lessee may elect to return the equipment to First American Equipment Finance, purchase the equipment for its fair market value purchase price, or continue renting the Landscape opment Corporation. “I can imagine something like hattan, where Class A space is in the $80s.” equipment. No minimum transaction size is required. To be eligible for the above lease offer, a completed lease application and copy of the equipment quote(s) must be submitted Battery Park City there.” by December 30, 2016. The lease must be funded and commenced by March 31, 2017. Additional terms and conditions apply. Ask us for details. The residential market is outpacing commercial The conversion of the former General Post Offi ce is development in the South Bronx, which includes the It is estimated that some 15,000 new residents will another project garnering a great deal of attention. ©2016 City National Bank Mott Haven, Melrose, Port Morris, Hunts Point, Mor- come to the South Bronx over the next fi ve years. Youngwoo & Associates purchased the building in rissania and Highbridge neighborhoods. In a market According to Rubenstein, they will include young 2014 and is in the process of converting it into a mix long dominated by subsidized housing, roughly 40% professionals in the Manhattan work force, artists, of offi ce space and retail. Margarette Lee, a partner of the new units will be market-rate rentals, like the perhaps retirees moving back into the city from the at YoungWoo, said they have a letter of intent from Clock Tower Lofts and a 130-unit property being built suburbs, all drawn to an enlivened South Bronx that is a mid-level supermarket chain to take space on the Credits: Photograph courtesy of MCNY/Gottscho-Schleisner Pictures; former Post Offi ce rendering courtesy of STUDIO V Architecture; Architecture; V STUDIO of courtesy rendering ce Offi Post former Pictures; MCNY/Gottscho-Schleisner of courtesy Photograph Credits: CONTINUED City National Business Banking CNB MEMBER FDIC

Crain's Exploring The Bronx 8 Page Section MECH.indd 2 10/27/16 3:38 PM Grow your business. Low rates. Great options. Borrowing when it’s needed most can take your business to the next level. That’s where City National Bank and First American Equipment Finance, a City National company, come in. With a low-interest-rate commercial real estate loan or equipment lease financing, your business will be on The Way Up®.

Visit cnb.com/NYLoans for the details and to request contact.

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Having the right equipment is important to the continued success of your business. Lease new computers, copiers, servers and other IT equipment for less than the equipment purchase price during a 3-year lease period. Enjoy no payments for the first 3 months — all through First American Equipment Finance, a City National company.2

1 The Commercial Real Estate Loan is subject to credit approval and loan documentation acceptable to City National Bank (“CNB”). Loan amount from $750,000 up to $5,000,000. Offer is limited to the business organization addressee only and is not transferable. Real property must be located in California, Connecticut, Nevada, New Jersey or New York only. Loan must be secured by a deed of trust or mortgage of first lien priority on owner-user commercial real property; no subordinate liens permitted. Proceeds of loan cannot be used for construction purposes (other than tenant improvements). Certain types of real property excluded. The operating business entity occupying the real property (if different from the borrower) must guarantee the loan, and such business entity’s assets must secure the guaranty. Additional guaranties may be required. Appraised value of the real property to be determined by an appraisal obtained by CNB. Certain fees, including appraisal, title insurance, loan closing attorney fees and a portion of the New York mortgage tax (for properties located in New York) are payable by the borrower in connection with the loan. To be eligible for the offer, a signed and dated loan application on CNB’s form must be received by November 30, 2016. Financial information and other information requested by CNB must be received by December 30, 2016, and loan closing must occur by January 31, 2017. Advertised rates are as of September 1, 2016 and are subject to change without notice. Contact your relationship manager for current rates and terms. Refinances of existing CNB business loans are excluded from this offer. If you are approved for a Commercial Real Estate Loan, all payments must be automatically deducted from a CNB business checking or savings account. CNB business checking or savings account used for automatic payments is subject to the account’s standard transaction and other fees. Additional terms and conditions apply. Ask us for details. 2 Equipment lease financing is subject to credit approval and documentation acceptable to First American Equipment Finance, a subsidiary of CNB. At the end of the lease term, the Lessee may elect to return the equipment to First American Equipment Finance, purchase the equipment for its fair market value purchase price, or continue renting the equipment. No minimum transaction size is required. To be eligible for the above lease offer, a completed lease application and copy of the equipment quote(s) must be submitted by December 30, 2016. The lease must be funded and commenced by March 31, 2017. Additional terms and conditions apply. Ask us for details.

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Observers say adequate retail will be diffi cult to SIMONE TAKING achieve, with so many new residents, offi ce workers and guests at the new hotels, and so little available at the moment. According to David Simone of Cushman Wakefi eld, retail follows residential and sometimes is BRONX TO NEW slow to catch up. “The South Bronx is under-retailed for the existing rental tenants, and once everything is built there will still be a lack of good retail,” he said. HEIGHTS WITH “But it doesn’t make sense to build a lot of retail now without the residential population to support it.”

Bruckner Market rendering courtesy of Somerset Partners LLC Partners Somerset of courtesy rendering Bruckner Market DEBUT OF NEW 9 Bruckner Blvd - Bruckner Market Food Hall Still House Gallery: To__Bridges__ ground floor, and there are plans to have a top-quality to local business people and entrepreneurs. Lee restaurant on the roof. wanted a quality food component to serve a neigh- SOUTH CAMPUS borhood with little else to oﬀ er but fast food. “We’re Youngwoo was the developer of the Chelsea Arts banking on the local population and they are ready to Building upon the success of the Hutchinson Metro Tower and the Sky Garage, and is now partnering with have good food,” Lee said. Center in the Bronx, Simone Development Companies chef Anthony Bourdain in Pier 57, all in Manhattan. is embarking on the next chapter of one of the most Plans are in the works to create direct access to the Lee says the company has been successful at going The South Bronx continues to suﬀ er from a dearth South Campus from the Hutchinson River Parkway

into the “next” neighborhood and sees the same of good-quality retail but that too will change LLC Partners Somerset successful development stories in the Tri-State region. potential in the South Bronx that Youngwoo saw in quickly. Developers of residential and commercial Jerome Lamaar The new South Campus at education, technology and Campus is convenient to all of for the fast-growing biotech and and medical space including Chelsea decades ago, with the General Post Offi ce as property see the lack of such amenities as devel- Fashion Boutique the Hutchinson Metro Center health care. It will provide a the region’s business centers. bioscience research firms. the region’s largest ambulatory the catalyst. opment potential and are building much-needed will be a 33-acre mixed-use collaborative environment where Manhattan is only 20 minutes “We anticipate a great deal of hospital and a Marriott hotel, amenities into the projects and surrounding areas. campus featuring 1.9 million biotech meets high-tech, where away, as are the city’s major interest from biotech companies the first luxury hotel in the “Chelsea Market was the seed that got everything Keith Rubenstein recently opened an Italian eatery, square feet of Class A office, cutting-edge medicine meets bridges and airports. The South that are looking for customized Bronx. Today, the Hutchinson started in a neighborhood that was really bad 20 or LaGrata, and is planning a food hall called the retail and hospitality space PhD science and healthcare Campus is easily accessible by office and lab space in the New Metro Center is home to more 30 years ago,” she said. “We can create something like Bruckner Market and Brewery which will have a located adjacent to the 42- programs. car, subway or bus. Coming soon York Metro area,” said Joseph than 80 businesses, health care that in this building.” gourmet market for fresh food, take-out venues, acre, 1.4 million-square-foot Amenities will include a new will be a new Metro-North train Simone, President of Simone institutions and government brewery and kitchen incubator. A coff ee shop is Hutchinson Metro Center. major flag hotel, fitness center, station adjacent to the campus Development Companies. agencies employing 8,000 people Some of the offi ce space at the General Post Offi ce also part of the Rubenstein plan. All will open be- The first development with service to The South Campus will offer with nearly 6,000 visitors each

will be Class A, while some will be smaller and geared fore the apartments come on the market. LLC Partners Somerset phase of this multiphase “We anticipate a great deal of interest from biotech Manhattan’s the opportunity to create biotech weekday. project, which is scheduled companies that are looking for customized office and Penn Station offices and research lab facilities With the development of the to break ground in mid- and the suburbs designed to suit a wide range of South Campus, a seamless mix of 2017, will feature 800,000 lab space in the New York metro area.” of Westchester tenant requirements with access architectural styles will pull the “We’ve got eight full-time [employees] and eight square feet in two buildings JOSEPH SIMONE, SIMONE DEVELOPMENT County and to amenities. Simone’s in-house two campuses together as one The Tech Scene Boots Up on the bench for when work really picks up,” said with up to 100,000-square- Connecticut. design and construction team cohesive 75-acre commercial hub, Chase, speaking from his mobile phone after an foot floor plates. The buildings restaurants and retail stores. The South Campus is also will work closely with biotech unlike anything else in the New evening meeting. will be ready for delivery in 2018. The South Campus will have less than a mile from some of the companies to build the lab and York metro region. in the Bronx The second phase comprising athletic facilities, such as a city’s leading medical institutions, incubator space they require “The debut of the South ith new technology hubs transforming number of clients from that. We were able to land Interest in growing the tech scene in the borough 1.1 million square feet will feature baseball diamond, bike paths, including the Albert Einstein to compete in a demanding Campus is truly a landmark the Brooklyn Navy Yard and other areas those dollars here in the Bronx.” has gotten so high that the Bronx Tech Meetup four new ten-story buildings, each and a field with stadium seating College of Medicine, Montefiore environment. event for the Hutchinson Metro Wof the city, James Chase and others in will be focusing its next three meetings on fi guring with 250,000 square feet of space. for football, soccer and lacrosse. Medical Center, Jacobi Medical The South Campus continues Center, for our company, and for the local tech community are determined to learn Startup Box is part of a burgeoning startup scene out how to make the best use of the borough’s The South Campus will be With its central location Center and Calvary Hospital. the momentum of the Hutchinson the Bronx. We have had our eye from their successes. in areas such as Port Morris and Hunt’s Point. With landscape to attract tech businesses, as well as a unique center of innovation directly off the Hutchinson River The close proximity to major Metro Center’s 42-acre North on this site for many years, and the accelerator MetaBronx and city-sponsored the talent to fuel them. The group is working with and creativity for biotech/ Parkway in the Morris Park health care facilities makes the Campus, which has 1.4 million it is so gratifying to see this next life-science research, higher section of the Bronx, the South South Campus an ideal location square feet of Class A office phase of the development moving Chase is the president of Startup Box, a two-year BXL Incubator nurturing new businesses and Bronx Borough President Ruben Diaz Jr. forward,” Mr. Simone said. old social enterprise that is creating jobs for Bronx “These are exciting times residents who want to pursue technology careers. in the Bronx with new offices, “There are a number of areas that have good potenti al. retail centers and hotels rising Traditionally, many techies have left the Bronx throughout the borough. We are to fi nd work, because the startup scene is more But if we don’t concentrate our eff orts in the Bronx, proud to have played an integral developed in other neighborhoods, such as Silicon part in the renaissance of the Alley in Manhattan and Brooklyn’s Dumbo. we’re not going to get the most bang for the buck.” new Bronx,” said Mr. Simone. – James Chase, President, Startup Box “With the debut of the South Startup Box is determined to create job Campus, we are taking the Bronx opportunities closer to home, with a focus on programs such Per Scholas, based in the South “There are a number of areas that have good to new heights. It is an amazing bringing diversity to a fi eld where it is widely Bronx, providing free community-based IT job potential,” said Chase. “But if we don’t concentrate story and the next big chapter is about to unfold.” acknowledged to be lacking. It trains community training courses and career development and our eff orts in the Bronx, we’re not going to get the members in entry-level tech-service work such placement services, the borough’s technology most bang for the buck.” as quality-assurance testing on games and other community is gaining traction. The Bronx Tech 1500 Waters Place software, which has often been subcontracted Meetup, a gathering for people who are part of the Chase says one key to retaining talent is to Bronx, NY 10461 from NYC developers. Many tech companies hire scene, has grown to 802 members since it was create more amenities such as good cafés and For pre-leasing information low-cost, overseas providers to do this testing, formed in January 2013. restaurants, to which tech workers often gravitate. call 718-518-8600. but Chase is encouraging them to rely on local “They’re looking for that lifestyle,” he said. Doing James MacDonald talent instead. The business community has been receptive. Startup so he believes will help the borough make the VP, Director of Leasing Box has already won clients such as the gaming most of its other assets, such as good transit, [email protected] “We were able to isolate which parts of the tech company Two Dots; and Giphy, a search engine for underutilized building stock, manufacturing zoning Josh Gopan sector in New York City were most dissatisfi ed GIFs that recently raised $55 million in fi nancing. and waterfront access. In addition, said Chase, WWW.SIMDEV.COM Director of Leasing with off shore options,” said Chase. “We collected a Chase is optimistic he’ll fi nd more business. “We’ve got an incredibly vibrant, diverse culture.” [email protected]

Crain's Exploring The Bronx 8 Page Section MECH.indd 4 10/27/16 4:28 PM ADVERTORIAL SIMONE TAKING BRONX TO NEW HEIGHTS WITH DEBUT OF NEW SOUTH CAMPUS Building upon the success of the Hutchinson Metro Center in the Bronx, Simone Development Companies is embarking on the next chapter of one of the most Plans are in the works to create direct access to the South Campus from the Hutchinson River Parkway successful development stories in the Tri-State region. The new South Campus at education, technology and Campus is convenient to all of for the fast-growing biotech and and medical space including the Hutchinson Metro Center health care. It will provide a the region’s business centers. bioscience research firms. the region’s largest ambulatory will be a 33-acre mixed-use collaborative environment where Manhattan is only 20 minutes “We anticipate a great deal of hospital and a Marriott hotel, campus featuring 1.9 million biotech meets high-tech, where away, as are the city’s major interest from biotech companies the first luxury hotel in the square feet of Class A office, cutting-edge medicine meets bridges and airports. The South that are looking for customized Bronx. Today, the Hutchinson retail and hospitality space PhD science and healthcare Campus is easily accessible by office and lab space in the New Metro Center is home to more located adjacent to the 42- programs. car, subway or bus. Coming soon York Metro area,” said Joseph than 80 businesses, health care acre, 1.4 million-square-foot Amenities will include a new will be a new Metro-North train Simone, President of Simone institutions and government Hutchinson Metro Center. major flag hotel, fitness center, station adjacent to the campus Development Companies. agencies employing 8,000 people The first development with service to The South Campus will offer with nearly 6,000 visitors each phase of this multiphase “We anticipate a great deal of interest from biotech Manhattan’s the opportunity to create biotech weekday. project, which is scheduled companies that are looking for customized office and Penn Station offices and research lab facilities With the development of the to break ground in mid- and the suburbs designed to suit a wide range of South Campus, a seamless mix of 2017, will feature 800,000 lab space in the New York metro area.” of Westchester tenant requirements with access architectural styles will pull the square feet in two buildings JOSEPH SIMONE, SIMONE DEVELOPMENT County and to amenities. Simone’s in-house two campuses together as one with up to 100,000-square- Connecticut. design and construction team cohesive 75-acre commercial hub, foot floor plates. The buildings restaurants and retail stores. The South Campus is also will work closely with biotech unlike anything else in the New will be ready for delivery in 2018. The South Campus will have less than a mile from some of the companies to build the lab and York metro region. The second phase comprising athletic facilities, such as a city’s leading medical institutions, incubator space they require “The debut of the South 1.1 million square feet will feature baseball diamond, bike paths, including the Albert Einstein to compete in a demanding Campus is truly a landmark four new ten-story buildings, each and a field with stadium seating College of Medicine, Montefiore environment. event for the Hutchinson Metro with 250,000 square feet of space. for football, soccer and lacrosse. Medical Center, Jacobi Medical The South Campus continues Center, for our company, and for The South Campus will be With its central location Center and Calvary Hospital. the momentum of the Hutchinson the Bronx. We have had our eye a unique center of innovation directly off the Hutchinson River The close proximity to major Metro Center’s 42-acre North on this site for many years, and and creativity for biotech/ Parkway in the Morris Park health care facilities makes the Campus, which has 1.4 million it is so gratifying to see this next life-science research, higher section of the Bronx, the South South Campus an ideal location square feet of Class A office phase of the development moving forward,” Mr. Simone said. “These are exciting times in the Bronx with new offices, retail centers and hotels rising throughout the borough. We are proud to have played an integral part in the renaissance of the new Bronx,” said Mr. Simone. “With the debut of the South Campus, we are taking the Bronx to new heights. It is an amazing story and the next big chapter is about to unfold.”

1500 Waters Place Bronx, NY 10461 For pre-leasing information call 718-518-8600. James MacDonald VP, Director of Leasing [email protected] Josh Gopan WWW.SIMDEV.COM Director of Leasing [email protected] ADVERTISING SUPPLEMENT TO CRAIN’S NEW YORK BUSINESS FORDHAM VS Explore The Bronx HOLY CROSS

er of the New York Adventure Club, hoping to add that NOV 12, 2016 Bronx Bucket-List Desti nati ons experience to his group’s excursions. 3:00 PM YANKEE STADIUM Meanwhile, the Bronx is full of attractions for history Keep Local Tourism Hopping buﬀ s. For instance, the Van Cortlandt House Man- sion and Museum—which was under British control FOR TICKETS: during most of the revolutionary war—oﬀ ers a crash course in early American history. George Washing- ton stayed at the mansion in 1776. Another popular @yankeesevents draw, says Tirado is Bronx Community College’s Hall @PINSTRIPEBOWL of Fame for Great Americans. Visitors can wander through a 630-foot open-air Colonnade, which YANKEE STADIUM FOOTBALL houses 98 striking bronze portraits of the honorees, among them Alexander Graham Bell and Mark Twain.

For those who love the outdoors, other big draws in the area are Wave Hill, a public garden and The New York Botanical Garden cultural center overlooking the Hudson River; and Van Cortlandt Park, a 1,146-acre park located in the northwest Bronx that is home to Van Cortlandt ooking for a great place canoe in New York ies such as Lobster Box, City Island Lobster House Lake, the largest body of freshwater in the city. City? The Bronx may not be the fi rst place that and Sammy’s Fishbox Restaurant. Visitors can L comes to mind, but perhaps it should be. stroll down a vibrant retail strip and take in the City “We like to remind people of all the vibrancy and Island Nautical Museum, which off ers a glimpse of green space this borough has,” said Heywood. “You can canoe on the Bronx River and all of a New York’s shipbuilding history. sudden you feel like you’re in the country,” says Olga Walking tours are also picking up steam in the Luz Tirado, executive director of The Bronx Tourism The local craft brewery scene is also starting to take borough. At the New York Adventure Club, Schnei- Council. “Then you turn the bend and realize you’re in off . Craft beer lovers can head to new gathering spots der often likes to fi nd unusual attractions for his an urban backdrop. Then you turn the bend again and such as Bronx Brewery at 136th Street; and Gun Hill members to visit. are in the forest.” Tavern, located at 780 East 133rd St., run jointly by the Port Morris Distillery and Gun Hill Brewing Co. and On one trip he planned recently, he and a group of 10 EXCLUSIVELY Canoeing is just one of many recreational off erings slated to open in November, to sample local brews. club members will arrive at the Fulton Fish Market in the Bronx that are drawing both New Yorkers and For those who want to see the whole scene, the Bronx in Hunts Point at 4 a.m., when the market will be visitors to the borough at a time when tourism in New Tourism Council runs the Savor the Bronx Breweries bustling but the sky will still be dark. He’s arranged for York City is seeing an uptick. Both landmarks such as & Distilleries Trolley Tour, where they can sample a group tour with the security director. the Bronx Zoo, the New York Botanical Garden and everything from pale ale to Puerto Rican moonshine. YOURS Yankee Stadium and under-the-radar attractions are On another tour, his members met with Sam Good- bringing visitors, and new energy, to the borough. With the Bronx’s art scene percolating, visitors are man, a celebrated urban planner in the Bronx, to see flocking to local attractions such as the Edgar Allan local sites including the magnifi cent Andrew Freedman “When you peel back the layers, you discover a borough Poe Cottage, where Poe wrote famous poems such Home, a mansion that was originally a retirement home Galas + Corporate Meetings that has so much to off er—dining, culture, recreation, as “Annabel Lee”; and the Bronx Museum of the Arts, for the formerly wealthy created by the self-made mil- sports,” said Chris Heywood, SVP, Global Communica- which specializes in contemporary art from diverse lionaire after the stock market crashed in 1929. It has Tradeshows + Conferences + Fundraisers tions at NYC & Company, the offi cial destination mar- cultural backgrounds. Music lovers can make a pil- since become a community center and arts hub. keting organization for the city. “Just in the last couple grimage to Casa Amadeo, a historic salsa-record shop Non-Profit Events + Holiday Parties of years we’ve had the addition of the New York City at 786 Prospect Ave. that recently appeared in the Football Club.” The new American professional soccer TV series Bare Feet, which looks at the dance world. club, based in New York City, currently plays its home games at Yankee Stadium. “For sports enthusiasts, it is Another key Bronx destination, the New York Botan- VISIT YANKEES.COM/EVENTS OR CALL 646.977.8400 defi nitely a hook,” said Heywood. ical Garden, will be hosting an exhibit by acclaimed sculptor Dale Chihuly in April, his fi rst major exhibi- Eat. Drink. See. tion in New York in 10 years. “We have some great cultural gems,” said Heywood. For foodies, there is no shortage of tempting des- Arthur Avenue is the Little Italy of the Bronx tinations in the Bronx, with Arthur Avenue among And by 2018, the borough will also have a new the best known. “This is the city’s real Little Italy diversion for families, the Bronx Children’s Museum. Sightseers also flock to Woodlawn Cemetery, EXPERIENCES neighborhood,” said Heywood. “It really is authentic. “One of our mantras has been, ‘the new New York,’” a National Historic Landmark that spans 400 acres, You can go to Mike’s Deli and see mozzarella-making Heywood said. with walking tours of some of the most striking demos, pasta stores where they are making pasta by outdoor scenery. It off ers excursions like the Illu- hand. When you go there, you feel an authentic sense Learn and Enjoy minated Mausoleums Night Tour, which often sells of what the real Little Italy is.” out. “[Woodlawn Cemetery] has the most beautiful For architecture buff s, High Bridge, New York City’s sculptures from the 1800s,” said Alexandra Maruri, East of Little Italy is Zeppieri & Sons Italian Bakery, a oldest standing bridge, has been making frequent a Bronx native who runs the tour company Bronx family-owned business at 3004 Buhre Ave., near the appearances on lists of must-sees. It has recently Historical Tours. “It’s a beautiful place to go bird- No. 6 subway, in Pelham Bay. The bakery is known for reopened after being closed for more than 40 years. watching and take photos.” its sfogiatelle, a cheese-fi lled pastry; and custard-fi lled High Bridge connects Washington Heights in Man- lobster tails, handmade using traditional techniques. hattan with the Bronx’s Highbridge community. The Bird watching? In the Bronx? While the Bronx may Tour the home of the Hold game-used Yankees artifacts The Yankees Inside Experience High Bridge water tower at the bridge is also being not be popularly known for such activities, as more City Island, a historic seaport community, and pop- repaired. “It’ll probably be a year before we can go up and more New Yorkers and out-of-towners venture 27-time World Champion like Babe Ruth’s bat and program treats guests to a ular local-restaurant mecca, is home to busy eater- there,” said Corey William Schneider, CEO and found- into the borough, its image seems ripe for an update. New York Yankees! Derek Jeter’s jersey! game day like never before.

yankees.com/tours yankees.com/handsonhistory yankees.com/theinsideexperience

Crain's Exploring The Bronx 8 Page Section MECH.indd 6 10/27/16 4:38 PM FORDHAM VS HOLY CROSS NOV 12, 2016 3:00 PM YANKEE STADIUM

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Tour the home of the Hold game-used Yankees artifacts The Yankees Inside Experience 27-time World Champion like Babe Ruth’s bat and program treats guests to a New York Yankees! Derek Jeter’s jersey! game day like never before.

yankees.com/tours yankees.com/handsonhistory yankees.com/theinsideexperience LaPlacaCohen 212-675-4106 Publication: CRAIN COMMUNICATION Insertion date: OCTOBER 31, 2016 Size: 9.125”x6.875” 4C MAG 10/27/16 8:59 PM 10/20/16 5:26 PM

Get the inside scoop on Yankee Stadium on a tour Stadium on a tour Yankee on Get the inside scoop begin Tours lled with cheering fans. not fi when it’s a opens for the stadium before about 90 minutes stadium’s the tour to a chance have Guests game. and actually hold Babe with a curator exhibits and other baseball jersey Jeter’s Derek bat, Ruth’s memorabilia. newyork.yankees.mlb.com/nyy/ info: (More ballpark/stadium_tours.jsp) Bronx SalsaFest this for calendar summer 2017 Mark your It takes salsa. of month-long celebration with August in the borough throughout place and storytellers musicians, by performances Tourism Bronx The by It is produced dancers. Bronx of ce with the offi in partnership Council & and NYC Jr. Diaz Ruben President Borough organization cial tourism offi the city’s Company, funds the event. www.ilovethebronx.com/index.php/ (Info: happenings/bronx-salsa-fest) Hands on History Photo Credit: Robert Benimoff Benimoff Robert Credit: Photo ® Brooks Brothers Tour de Bronx pie, and take garden walks and a gallery tour this tour and a gallery walks garden and take pie, Hill, Wave at 19 – 20, Nov. weekend, action-packed is Registration center. and cultural a public garden activities. some for required www.wavehill.org/events/categories/ info: (More harvest-weekend/) Holiday Train Show this Garden, Botanical York at the New feature A is a 25-year-old display train model elaborate of a display through travel The trains tradition. materials. with natural created landmarks, 25 local book them early. so necessary, are Tickets www.nybg.org/visit/exhibitions.php) info: (More ADVERTISING SUPPLEMENT TO CRAIN’S NEW YORK BUSINESS NEW TO CRAIN’S SUPPLEMENT ADVERTISING

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Bronx Events to Add to Your Calendar Your to Add to Events Bronx B Crain's Exploring The Bronx 8 Page Section MECH.indd 8 November 14, 2016 | The Plaza Hotel | 12:00pm-2:00pm meet the 2016 honorees

Stephen Berger Georey Canada Chairman President Odyssey Investment Partners Harlem Children’s Zone Introduced by Eugene Keilen Introduced by Nancy Roob Chairman, Maimonides Medical Center President & CEO, Edna McConnell Clark Foundation Kenneth Langone Chair Invemed Associates Introduced by Robert I. Grossman, M.D. Saul J. Farber Dean & CEO, NYU Langone Medical Center Bruce Ratner Kathryn Wylde Executive Chairman President & CEO Forest City Ratner Cos. Partnership for New York City Introduced by MaryAnne Gilmartin Introduced by Martin Lipton President & CEO, Forest City Ratner Cos. Senior Partner, Wachtell, Lipton, Rosen & Katz

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SSNY shall mail proc- process to: c/o CT Corporation System, of LLC upon whom process against it ess to Corporation Servce Co., 80 111 8th Ave., NY, NY 10011, regd. may be served. SSNY shall mail proc- State St., Albany, NY 12207. Purpose: PUBLIC & LEGAL NOTICES agent upon whom process may be ess to c/o Corporation Service Co., 80 Any lawful activity served. DE addr. of LLC: 1209 Orange State St., Albany, NY 12207. Cert. of St., Wilmington, DE 19801. Cert. of Form. filed with Dept. of Licensing and Notice of Formation of Sherri Sklar 27 EAST 11TH STREET NY LLC. App. for Form. filed with DE Sec. of State, 401 Regulatory Affairs, 611 W. Ottawa St. - Strategies LLC amended to Auth. filed with the SSNY on 05/16/16. Federal St., Dover, DE 19901. Pur- Central Office, Lansing, MI 48909. Pur- GROWTHTERA LLC. Arts. of Org. filed Originally filed with Secretary of State of pose: all lawful purposes. pose: Any lawful activity. with Secy. of State of NY (SSNY) on Delaware on 05/11/16. Office: New York 4/4/03. Office location: NY County. County. SSNY designated as agent of the Notice of Formation of A.R Community Notice of Formation of Amyar Holdings SSNY designated as agent of LLC upon LLC upon whom process against it may Consultants LLC. Arts of Org. filed with LLC, Art. of Org. filed with Sec’y of whom process against it may be be served. SSNY shall mail copy of process Secretary of State of NY (S.S.N.Y.) on State (SSNY) on 7/26/16. Office loca- served. SSNY shall mail process to: to the LLC, c/o Brian Cuneo, AYCO Co LP, 09/27/16. Business location: New tion: NY County. SSNY designated as c/o Sherri Sklar, 181 E. 73rd St., #15- 321 Broadway, Saratoga Springs, NY York county. S.S.N.Y. designated as agent of LLC upon whom process A, NY, NY 10021. Purpose: any lawful 12866. Purpose: Any lawful purpose. agent of LLC upon whom process against it may be served. SSNY shall activity. against it may be served. LLC shall mail copy of process to GFI Capital Re- Notice of Qual. of Axonic Credit Opportu- mail copy of process to 444 E. 86th sources, 140 Broadway, 41st Fl., NY, S&L IT CONSULTANTS LLC, Arts. of nities Trading, L.P., Auth. filed Sec’y of Street, 10F, NY NY 10028. Purpose: NY 10005. Purpose: any lawful activi- Org. filed with the SSNY on State (SSNY) 4/27/16. Off. loc: NY Co. Any lawful activity. ties. 09/13/2016. Office loc: NY County. LP org. in DE 4/26/16. SSNY desig. as SSNY has been designated as agent agent of LP upon whom proc. against it Notice of Qualification of ELMC Equity, Notice of Qualification of Lexington Co- upon whom process against the LLC may be served. SSNY shall mail copy of LLC. Authority filed with NY Dept. of Investment Partners Energy, L.P. Author- may be served. SSNY shall mail proc- proc. to Att: Clayton DeGiacinto, 390 State on 9/16/16. Office location: NY ity filed with NY Dept. of State on ess to: The LLC, 115 E 57th St, 11th Park Ave., NY, NY 10022. DE off. addr.: County. LLC formed in DE on 7/1/15. 10/4/16. Office location: NY County. Fl, NY, NY 10022. Reg Agent: Stylianos CSC, 2711 Centerville Rd., Wilmington, NY Sec. of State designated agent of Princ. bus. addr.: 660 Madison Ave., Ioannidis, 115 E 57th St, 11th Fl, NY, DE 19808. Cert. of LP on file: SSDE, LLC upon whom process against it may 23rd Fl., NY, NY 10065. LP formed in NY 10022. Purpose: Any Lawful Pur- Townsend Bldg., Dover, DE 19901. be served and shall mail process to the DE on 7/27/16. NY Sec. of State des- pose. Name/addr. of each gen. ptr. avail. at principal business address: 260 Madi- ignated agent of LP upon whom proc- SSNY. Purp: any lawful activities. son Ave., 15th Fl., NY, NY 10016, Attn: ess against it may be served and shall Notice of Qualification of North Richard Fleder. DE address of LLC: Na- mail process to: c/o CT Corporation Stardust LLC. Authority filed with NY Notice of Qualification of MDF Apthorp tional Corporate Research, Ltd., 850 System, 111 8th Ave., NY, NY 10011, Dept. of State on 9/1/16. Office loca- LLC. Authority filed with NY Dept. of New Burton Rd., Ste. 201, Dover, DE regd. agent upon whom process may tion: NY County. Princ. bus. addr.: 40 State on 9/29/16. Office location: NY 19904. Cert. of Form. filed with DE be served. DE addr. of LP: c/o The Cor- E. Main St., Newark, DE 19711. LLC County. LLC formed in DE on 8/18/16. Sec. of State, 401 Federal St., Dover, poration Trust Co., 1209 Orange St., formed in DE on 4/28/14. NY Sec. of NY Sec. of State designated agent of DE 19901. Purpose: any lawful activity. Wilmington, DE 19801. Name/addr. of State designated agent of LLC upon LLC upon whom process against it may genl. ptr. available from NY Sec. of whom process against it may be served be served and shall mail process to: Na- Notice of Qualification of McEvoy Prop- State. Cert. of LP filed with DE Sec. of and shall mail process to: c/o CT Cor- tional Registered Agents, Inc. (NRAI), erties NY36 LLC. Authority filed with NY State, 401 Federal St., Dover, DE poration System, 111 8th Ave., NY, NY 111 8th Ave., NY, NY 10011, regd. Dept. of State on 9/29/16. Office loca- 19901. Purpose: all lawful purposes. 10011, regd. agent upon whom proc- agent upon whom process may be tion: NY County. Princ. bus. addr.: 680 ess may be served. DE addr. of LLC: served. DE address of LLC: c/o NRAI, 2nd St., San Francisco, CA 94107. LLC Notice of Application for Authority of Pri- The Corporation Trust Co., 1209 Or- 160 Greentree Dr., Ste. 101, Dover, DE formed in DE on 7/6/16. NY Sec. of vate Luxury Collection New York LLC ange St., Wilmington, DE 19801. Cert. 19904. Cert. of Form. filed with DE Sec. State designated agent of LLC upon filed with the Secy. of State of NY of Form. filed with DE Sec. of State, of State, 401 Federal St., Dover, DE whom process against it may be served (SSNY) on 1/15/14. Formed in DE 401 Federal St., Dover, DE 19901. Pur- 19901. Purpose: all lawful purposes. and shall mail process to: CT Corpora- 1/14/14. Office loc.: New York Coun- pose: all lawful purposes. tion System, 111 8th Ave., NY, NY ty. SSNY is designated as agent of NOTICE OF FORMATION OF NEOSHO 10011, regd. agent upon whom proc- LLC upon whom process against it may Notice of Qualification of HOLDING LLC. Application for Authority ess may be served. DE addr. of LLC: be served. The address SSNY shall ASSUREDPARTNERS OF TEXAS, LLC filed with the Secretary of State of 1209 Orange St., Wilmington, DE mail copy of process to is 240 E. 55th Appl. for Auth. filed with Secy. of State New York (SSNY) on 9/20/2016. Of- 19801. Cert. of Form. filed with DE St., 2H, New York, NY 10022. The of- of NY (SSNY) on 09/30/16. Office loca- fice location: NEW YORK County. LLC Sec. of State, 401 Federal St., Dover, fice address required to be maintained tion: NY County. LLC formed in Texas formed in MISSOURI on 8/23/2016. DE 19901. Purpose: all lawful purpos- in DE is 2711 Centerville Rd., Ste. (TX) on 02/16/16. SSNY designated SSNY has been designated as an es. 400, Wilmington, DE 19808. Cert. of as agent of LLC upon whom process agent upon whom process against it formation filed with the Secy. of State, against it may be served. SSNY shall may be served. The Post Office ad- Notice of Qualification of Montrose John G. Townsend Bldg., 401 Federal mail process to c/o Corporation Serv- dress to which the SSNY shall mail a Consulting LLC. Authority filed with NY St., Ste. 4, Dover, DE 19901. Pur- ice Co., 80 State St., Albany, NY copy of any process against the LLC Dept. of State on 8/19/16. Office lo- pose: Any lawful activity. 12207-2543. TX addr. of LLC: 211 E. served upon him/her is: DAVID SIMS, cation: NY County. Princ. bus. addr.: 7th St., Ste. 620, Austin, TX 78701. 202 S. WOOD ST., NEOSHO, MO 155 E. 79th St., #9, NY, NY 10075. Notice of Formation of B&B ATLANTIC Cert. of Form. filed with TX Secy. of 64850. The principal business ad- LLC formed in DE on 7/18/16. NY LLC Arts. of Org. filed with Secy. of State, Carlos H. Cascos, James E. Rud- dress of the LLC is: 56 LEONARD ST., Sec. of State designated agent of LLC State of NY (SSNY) on 09/15/16. Of- der Bldg., 1019 Brazos, Austin, TX UNIT 17AW, NEW YORK, NY 10013- upon whom process against it may be fice location: NY County. Princ. office 78701. Purpose: Any lawful activity. 3290 MISSOURI address of LLC is: served and shall mail process to: CT of LLC: 419 Park Ave. South, 7th Fl., 11417 OAK RD., NEOSHO, MO 64850 Corporation System, 111 8th Ave., NY, NY 10016. SSNY designated as Notice of Qualification of Certificate of LLC filed with Secretary NY, NY 10011, regd. agent upon agent of LLC upon whom process KAMEHAMEHA SCHOOLS OPPORTUNI- of State of MISSOURI located at: 600 whom process may be served. DE against it may be served. SSNY shall TIES FUND LP W. MAIN ST., RM. 322, JEFFERSON addr. of LLC: 1209 Orange St., Wil- mail process to B&B Urban, Attn: Alan Appl. for Auth. filed with Secy. of State CITY, MO 65102. mington, DE 19801. Cert. of Form. Bell at the princ. office of the LLC. Pur- of NY (SSNY) on 09/30/16. Office loca- filed with DE Sec. of State, 401 Feder- pose: Any lawful activity. tion: NY County. LP formed in Delaware al St., Dover, DE 19901. Purpose: all Name of Foreign LLC: ExecBrands LLC. (DE) on 09/06/16. Princ. office of LP: lawful purposes. Authority filed with NY Dept. of State: Notice of Qual. of AFIAA 125 West 25th 950 Third Ave., NY, NY 10022. SSNY 8/12/16. NYS fict. name: Elite Image Street, LLC, Auth. filed Sec’y of State designated as agent of LP upon whom Management LLC. Office loc.: NY Co. NOTICE OF FORMATION of FLOAT DE- (SSNY) 8/26/16. Off. loc: NY Co. LLC process against it may be served. LLC formed in DE: 8/1/16. NY Sec. of SIGN STUDIO, LLC. Arts. of Org. filed org. in DE 8/23/16. SSNY desig. as SSNY shall mail process to Attn: Gener- State designated agent of LLC upon with Secy. of State of NY (SSNY) on agent of LLC upon whom proc. against al Counsel at the princ. office of the LP. whom process against it may be served 9/21/2016. Office location: NY Coun- it may be served. SSNY shall mail copy Name and addr. of each general part- and shall mail process to: c/o Busi- ty. SSNY designated agent upon whom of proc. to NRAI, 111 Eighth Ave., NY, ner are available from SSNY. DE addr. ness Filings Inc., 187 Wolf Rd., Ste. process may be served and shall mail NY 10011, the Reg. Agt. upon whom of LP: c/o Corporation Service Co., 101, Albany, NY 12205. DE addr. of copy of process against LLC to: 7014 proc. may be served. DE off. addr.: 160 2711 Centerville Rd., Ste. 400, Wil- LLC: 108 W. 13th St., Wilmington, DE 13th Avenue, Suite 202, Brooklyn, NY Greentree Dr., Ste. 101, Dover, DE mington, DE 19808. Cert. of LP filed 19801. Cert. of Form. filed with DE 11228. Principal business address: 65 19904. Cert. of Form. on file: SSDE, with Secy. of State, State of DE, Dept. Sec. of State, 401 Federal St., Dover, E 11th Street, 6D, New York, NY Townsend Bldg., Dover, DE 19901. of State, Townsend Bldg., Dover, DE DE 19901. Purpose: any lawful act. 10003. Purpose: any lawful act. Purp: any lawful activities. 19901. Purpose: Any lawful activity.

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PUBLIC & LEGAL NOTICES

Notice of Qualification of USF Holland Notice of Qualification of SGH Old Notice of Formation of 86TH RETAIL Notice of Formation of CHELSEA HOTEL LLC. Authority filed with NY Dept. of House LLC. Authority filed with Secy. LLC OPERATING LLC Arts. of Org. filed with State on 9/22/16. Office location: NY of State of NY (SSNY) on 10/07/16. Of- Arts. of Org. filed with Secy. of State of Secy. of State of NY (SSNY) on County. Princ. bus. addr.: 700 S. Waverly fice location: NY County. LLC formed in NY (SSNY) on 04/28/15. Office loca- 10/19/16. Office location: NY County. Rd., Holland, MI 49423. LLC formed in Delaware (DE) on 09/16/16. SSNY tion: NY County. SSNY designated as Princ. office of LLC: c/o Wellington Ho- DE on 7/31/16. NY Sec. of State desig- designated as agent of LLC upon whom agent of LLC upon whom process tel, 871 Seventh Ave., NY, NY 10019. nated agent of LLC upon whom process process against it may be served. against it may be served. SSNY shall SSNY designated as agent of LLC upon against it may be served and shall mail SSNY shall mail process to: Susan mail process to Corporation Service whom process against it may be process to: c/o CT Corporation System, Helman, 17 Berkeley Pl., Montclair, NJ Co., 80 State St., Albany, NY 12207- served. SSNY shall mail process to c/o 111 8th Ave., NY, NY 10011, regd. 07042. Address to be maintained in 2543. Purpose: Any lawful activity. Holland & Knight LLP, Attn: M. James agent upon whom process may be DE: c/o United Corporate Services, Spitzer, Jr., Esq., 31 W. 52nd St., NY, served. DE addr. of LLC: 1209 Orange Inc., 874 Walker Rd., Ste. C, Dover, DE NY 10019. Purpose: Any lawful activity. St., Wilmington, DE 19801. Cert. of 19904. Arts of Org. filed with the DE Notice of Formation of 21 WEST Form. filed with DE Sec. of State, 401 Secy. of State, 401 Federal St., Ste. 4, 88TH STREET ASSOCIATES LLC Federal St., Dover, DE 19901. Purpose: Dover, DE 19901. Purpose: any lawful Arts. of Org. filed with Secy. of State LANDMARK REGAL LLC, Arts. of Org. all lawful purposes. activities. of NY (SSNY) on 10/13/16. Office filed with the SSNY on 07/28/2016. location: NY County. SSNY designat- Office loc: NY County. SSNY has been Notice of Formation of 1400 Broadway ed as agent of LLC upon whom proc- designated as agent upon whom proc- Notice of Qualification of 41-45 52ND Bakery, LLC. Arts. of Org. filed with NY ess against it may be served. SSNY ess against the LLC may be served. STREET LLC Appl. for Auth. filed with Dept. of State on 10/4/16. Office loca- shall mail process to Blake Spahn, SSNY shall mail process to: The LLC, 2 Secy. of State of NY (SSNY) on tion: NY County. Princ. bus. addr.: 921 The Dwight School, 291 Central River Terrace Apt. 10S, NY, NY 10282. 10/12/16. Office location: NY County. Broadway, NY, NY 10010. Sec. of Park West, NY, NY 10024. Purpose: Purpose: Any Lawful Purpose. LLC formed in Delaware (DE) on State designated agent of LLC upon Any lawful activity. 09/12/16. SSNY designated as agent of whom process against it may be served LLC upon whom process against it may and shall mail process to: CT Corpora- 6 CONVENT PROPERTIES LLC. Art. of Notice of Formation of NYCJLH, LLC be served. SSNY shall mail process to tion System, 111 8th Ave., NY, NY Org. filed with the SSNY on 07/21/16. Arts. of Org. filed with Secy. of State the LLC, Attn: Maggie McCormick, 1065 10011, regd. agent upon whom proc- Office: New York County. SSNY desig- of NY (SSNY) on 10/11/16. Office Ave. of the Americas, 34th Fl., NY, NY ess may be served. Purpose: any lawful nated as agent of the LLC upon whom location: NY County. SSNY designat- 10018. DE addr. of LLC: Corporation activity. process against it may be served. SSNY Service Co., 2711 Centerville Rd., Ste. ed as agent of LLC upon whom proc- shall mail copy of process to the LLC, 400, Wilmington, DE 19808. Cert. of Notice of Qualification of 39-89 50TH ess against it may be served. SSNY 628 Broadway, Suite 400, New York, Form. filed with State of DE, Secy. of STREET LLC Appl. for Auth. filed with shall mail process to Corporation NY 10012. Purpose: Any lawful purpose. State, Div. of Corps., 401 Federal St., Secy. of State of NY (SSNY) on Service Co., 80 State St., Albany, Ste. 4, Dover, DE 19901. Purpose: Any 10/12/16. Office location: NY County. NY 12207, regd. agent upon whom lawful activity. LLC formed in Delaware (DE) on and at which process may be Notice of Qualification of JWL ACQUISI- 09/12/16. SSNY designated as agent served. Purpose: Any lawful activity. TION PARTNERS I, L.P. Notice of Qualification of Lexington Co- of LLC upon whom process against it Appl. for Auth. filed with Secy. of State Investment Partners IV-C, L.P. Authority may be served. SSNY shall mail proc- Notice of Qualification of EBTH.COM of NY (SSNY) on 08/12/16. Office loca- filed with NY Dept. of State on ess to the LLC, Attn: Maggie LLC. Authority filed with NY Dept. of tion: NY County. LP formed in Delaware 10/4/16. Office location: NY County. McCormick, 1065 Ave. of the State on 8/4/16. Office location: NY (DE) on 08/10/16. Princ. office of LP: Princ. bus. addr.: 660 Madison Ave., Americas, 34th Fl., NY, NY 10018. DE County. Princ. bus. addr.: 4650 Wilm- 650 Fifth Ave., NY, NY 10019. SSNY 23rd Fl., NY, NY 10065. LP formed in addr. of LLC: Corporation Service Co., er Ave., Cincinnati, OH 45226. LLC designated as agent of LP upon whom DE on 7/27/16. NY Sec. of State des- 2711 Centerville Rd., Ste. 400, Wil- formed in DE on 4/18/12. NY Sec. of process against it may be served. ignated agent of LP upon whom proc- mington, DE 19808. Cert. of Form. State designated agent of LLC upon SSNY shall mail process to the LP at ess against it may be served and shall filed with State of DE, Secy. of State, whom process against it may be the addr. of its princ. office. Name and mail process to: c/o CT Corporation Div. of Corps., 401 Federal St., Ste. 4, served and shall mail process to: c/o addr. of each general partner are availa- System, 111 8th Ave., NY, NY 10011, Dover, DE 19901. Purpose: Any law- CT Corporation System, 111 8th Ave., ble from SSNY. DE addr. of LP: c/o Cor- regd. agent upon whom process may ful activity. NY, NY 10011, regd. agent upon poration Service Co., 2711 Centerville Rd., Ste. 400, Wilmington, DE 19808. be served. DE addr. of LP: c/o The Cor- Notice of Qualification of Penn ADW, whom process may be served. DE poration Trust Co., 1209 Orange St., addr. of LLC: 1209 Orange St., Wil- Cert. of LP filed with Jeffrey W. Bullock, LLC. Authority filed with NY Dept. of Secy. of State, Div. of Corps., 401 Fed- Wilmington, DE 19801. Name/addr. of State on 7/11/16. Office location: NY mington, DE 19801. Cert. of Form. genl. ptr. available from NY Sec. of filed with DE Sec. of State, 401 Feder- eral Dr., Ste. 4, Dover, DE 19901. Pur- County. Princ. bus. addr.: 825 Berk- pose: Any lawful activity. State. Cert. of LP filed with DE Sec. of shire Blvd., Ste. 200, Wyomissing, PA al St., Dover, DE 19901. Purpose: all State, 401 Federal St., Dover, DE 19610. LLC formed in DE on lawful purposes. 19901. Purpose: all lawful purposes. 9/25/15. NY Sec. of State designat- Notice of formation LIMITED LIABILITY ed agent of LLC upon whom process NOTICE OF FORMATION OF 305 WEST COMPANY, ANGELA LASALLE, LLC. Arti- NOTICE OF FORMATION of Mi Casa Up- against it may be served and shall END NORTHWIND LLC. Arts of Org filed cles of Org. filed with NY Secretary of town LLC. Art of Org filed with Secy. of mail process to: c/o CT Corporation with Secy of State of NY (SSNY) on State (SSNY) on 8/5/2016. Office lo- State of NY (SSNY) on 05/11/2016. System, 111 8th Ave., NY, NY 10011, 9/29/16. Office location: NEW YORK cation: New York County. SSNY has Office location: NY County. SSNY desig- regd. agent upon whom process may County. SSNY designated agent upon been designated as agent of LLC upon nated agent upon whom process may be served. DE addr. of LLC: 1209 Or- whom process may be served and shall whom process against it may be be served and shall mail copy of proc- ange St., Wilmington, DE 19801. Cert. mail copy of process against LLC to served. SSNY shall mail a copy of process against LLC to principal address: of Form. filed with DE Sec. of State, principal business address: 40 EX- ess to the LLC: 7014 13th Avenue 5030 Broadway NY, NY 10034. Pur- 401 Federal St., Dover, DE 19901. CHANGE PLACE, Ste 1201,NY NY Suite 202 Brooklyn, NY, 11228. Pur- pose: any lawful act. Purpose: all lawful purposes. 10005. Purpose: any lawful act. pose: for any lawful purpose.

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OCTOBER 31, 2016 | CRAIN’S NEW YORK BUSINESS | 39 GOTHAM GIGS

PAYING IT FORWARD: A Colombian native, Nieto can relate to his patients’ needs.

BY LANCE PIERCE

Living the dream A New York state–funded diversity program helped this immigrant become a neurosurgeon

r. Jaime Nieto’s childhood idol wasn’t an athlete to attend medical school and guarantees admission. or a comic-book superhero. As a boy grow- “If I didn’t have this opportunity,” he said, “I probably DR. JAIME NIETO ing up in the Andean town of Chiquinquirá, wouldn’t be a doctor today—which means I would not Colombia, he most wanted to emulate the have been able to touch 5,000 people’s lives.” TITLES Chief, section of neurologic Dlocal doctor, the only one for 40,000 residents. In 2014, underrepresented minorities, including surgery and spine surgery at “He was the guy who would take out your teeth or blacks, Hispanics and American Indians, accounted for NewYork-Presbyterian/Queens, your appendix, treat your blood pressure and deliver your just 9% of New York’s 73,000 doctors, even though those and clinical assistant professor of neurological surgery at Weill Cornell babies. He was an icon. He was respected in groups made up 35% of the state’s popu- Medicine a way that no one else was,” Nieto recalled. lation, according to the Center for Health Without this AGE 49 But Nieto, the youngest of 10, had no “ Workforce Studies. BORN Chiquinquirá, Colombia clear path to achieve his lifelong “fantasy” opportunity, I Nieto, who heads up neurologic and to become a doctor. His parents’ educa- wouldn’t have spine surgery at NewYork-Presbyterian/ RESIDES Pelham, N.Y. tion didn’t last beyond grade school, and been able to Queens, said he understands the immi- EDUCATION B.S. in biology, his mother died when he was 5 years old. grant experience well. Mercy College; M.D., SUNY Upstate touch 5,000 Medical University Despite graduating from high school in “About 90% of my patients are Hispanic, WHOM HE HELPS Nieto’s surgery Bogotá with top exam grades, he went to people’s lives and they speak less English than I do,” said ” patients often have spinal tumors work in the emerald mines in Colombia. Nieto, who became a U.S. citizen in 1995. or back injuries that require removal When he did finally make his way to the United States “These people have to deal with what I used to deal with. of disks. on a student visa at age 19, he spoke little English. He drove For them to come and see me is a big relief. I speak their MOST EXCITING CASE As a trucks and did construction work to put himself through language and, for the most part, I know their culture.” surgery resident at UCLA, he helped college. For a time, it didn’t seem like he’d ever get the sup- Nieto welcomes the challenges, and rewards, of his separate Guatemalan twins who port or the money he needed to go to medical school. work. For one recent patient, who had become almost were conjoined at the head. Nieto’s big break came in 1991 from a free, state-funded entirely paralyzed, he removed a benign tumor from her postbaccalaureate program. Run by Associated Medical spine—with stunning success. “I got the tumor out,” he

BUCK ENNIS Schools of New York, the program encourages minorities said, “and she came out walking fine.”— ROBIN D. SCHATZ

40 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

P040_CN_201610331.indd 40 10/28/16 5:52 PM SNAPS

To do the right thing The Oct. 15 fundraiser for the Bedford Stuyvesant Restoration Corp. was a family affair. Robert F. Kennedy Jr. introduced his nephew, U.S. Rep. Joseph P. Kennedy III of Massachusetts, who was being honored at the event for his commitment to civil rights. In 1967 Robert F. Kennedy Sr. and Jacob Javits, then U.S. senators from New York, founded the nonprofit to end urban blight in central Brooklyn. Also honored at the fundraiser were Tony Award–winning director Kenny Leon and Jay Walder, president and CEO of the bicycle-sharing company Motivate.

Honorees Kenny Leon and Joseph P. Kennedy III with actress LaTanya Richardson Jackson

Colvin Grannum, president and CEO of the Bedford Stuyvesant Restoration Corp.; Robert Annibale, global director of community development at Citi; Jay Walder; and Kevin Chavers, the corporation board’s chairman and a managing director at BlackRock Solutions. The gala, held at the Plaza Hotel, raised $600,000 for the community nonprofit.

Walk for thought Sustaining WABC-TV anchor body and soul Bill Ritter and actor David Hyde Pierce at an Oct. 16 walkathon At an Oct. 17 gala to support that raised $750,000 God’s Love We Deliver: Karen for CaringKind, Pearl, the charity’s president and an organization CEO; Scott Bruckner, a senior that supports managing director at Macquarie Alzheimer’s disease Capital and the charity board’s patients and their chairman; and philanthropist families. Ritter was Blaine Trump, board member the event’s emcee. of the charity, which brings meals to ill homebound New Yorkers.

Lou-Ellen Barkan, president and CEO of CaringKind; Jed Levine, director of programs and services at CaringKind; and Marianne Dziuba- Fiore, CaringKind board member and executive vice president of the Stahl Organization. The walkathon was held in Actress Priyanka Chopra; singer John Legend with his wife, model Chrissy Riverside Park. Teigen; and fashion designer Michael Kors, a God’s Love We Deliver board member. The event raised $2 million.

MARGOT JORDAN; NICOLA BAILEY; DIMITRIOS KAMBOURIS/GETTY IMAGES; RONALD L. GLASSMAN SEE MORE OF THIS WEEK’S SNAPS ONLINE AT CRAINSNEWYORK.COM/SNAPS GET YOUR GALA IN SNAPS. EMAIL THERESA AGOVINO, [email protected]

October 31, 2016 | CRAIN’S NEW YORK BUSINESS | 41

P041_CN_20161031.indd 41 10/28/16 5:51 PM PHOTO FINISH

Charmed n a mid-October afternoon, Dan Kekoa Alaka’i sat in the secluded wildlife sanctuary near Orchard OBeach in the Bronx with a pair of his albino ball pythons, two of the half dozen reptiles he rents to photographers and film producers for shoots. Typical of city celebrities, both were feeling a bit temperamental that day. Kekoa Alaka’i, who asked to go by his mother’s maiden name, is careful about whom he works with and where, as many of his animals are subject to a 2005 state ban that prohibits ownership of poisonous or constricting reptiles. Having raised snakes since he was a child, Kekoa Alaka’i started renting his animals about five years ago. His snakes have been draped over the shoul- ders of models and appeared on movie sets, including a Coney Island shoot with indie director Eliza Hittman. “You’ll meet models who don’t want to touch them at first,” he said. “Then at the end of the shoot, you can’t get them to take the snakes off.” — PETER D’AMATO BUCK ENNIS

42 | CRAIN’S NEW YORK BUSINESS | October 31, 2016

P042_CN_20161031.indd 42 10/28/16 5:51 PM WE HEAR YOU, MARIO.

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Offer available to new customers in select areas of NJ, NY & RI only, subject to credit review. Offer fulfilled via bill credit(s); other taxes, fees & terms apply. Equip. purchase req’d, starting at $69.99 for up to 2 existing phones. New IP phones available starting at $79.99 ea. Wireless router available for $199.99 purchase or $9.99/mo. rental, subject to change. Early termination fees for a 2 year contract: 35% of base monthly charges for unexpired term. 2 year term automatically renews at then-current term rates unless cancelled within 30 days prior to or 60 days after term is renewed. Backup battery available for Fios voice services & E911. Actual speeds vary. Fastest Wi-Fi based on internet speed plans and maximum router throughput available. Offer ends 11/5/16. © 2016 Verizon.

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