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Public/Private Partnership Council – Blue
Chair: Patricia Gage Phone: 303.383.1294 Email: [email protected] Assistant Chair: Jenna Hornstock Phone: 213.992.7437 Email: [email protected] Membership Vice Chair: Steve Elrod Phone: 312.578.6565 Email: [email protected] Vice Chair: Mark Tompkins Phone: 303. 606.4827 Email: [email protected] Vice Chair: Tom Smithgall Phone: 717.293.4403 Email: [email protected]
Council Reception – October 21 st 2014
Council Reception Location: The Standard Hotel Address: 848 Washington Street at West 13 th , New York, NY 10014 Time: 6:15PM – 9:15PM Transportation: on your own RSVP contact and cost: John Basile [email protected] 301-634-8679. $150
NOTE: MEMBERS SHOULD PICK UP THEIR SUBWAY PASS FOR COUNCIL DAY AT DINNER!
Council Day Agenda – October 22 nd 2014
7:30-8:00 Networking Breakfast- Corbin Building (at the Fulton Street Transit Center), 13 John Street, 3 rd floor New York, NY 10038
Directions: From 242 W42nd Street, walk one half block west on 42nd Street to 8 th Avenue. Take the A or C train downtown to Fulton Street. Exit at the rear of the train. Note that the C train has fewer cars, so you will need to continue walking to the end of the platform. At the top of the stairs, bear left up another flight of stairs to exit on Broadway near Fulton Street. Walk one block south on Broadway (in the same direction as traffic) to John Street and turn left. The entrance is on the north side of the street. The Fulton Street station has many possible exits, but they are all within a few short blocks. So, if you don’t find yourself at the intersection of Broadway and Fulton, ask any of the friendly New Yorkers passing by to point you to John Street and they’ll happily oblige.
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8:00-8:30 Chair’s Welcoming Remarks/Introductions/General Announcements/Business Session
• Introduction of Members and Guests • Reminder to Complete Attendance Sheet • Reminder to Complete Evaluation Form • ULIF Announcement • Review of ULI Priorities & Council Member Expectations (see back page of your agenda) • Announce Next Meeting: - ULI Spring Meeting – Houston, TX - Receptions on Wednesday May 13 th , 2015 - Council Meetings on Thursday May 14 th , 2015
8:30-9:30 Presentation on Lower Manhattan P3 Project
“Westfield’ activity in lower Manhattan – World trade Center & Fulton Center “
Public sector investment on behalf of the MTA for the Fulton Center and the Port Authority of New York and New Jersey for the World Trade Center site has spurred significant private investment in Lower Manhattan. Westfield’s private sector investment into the retail portion of the World Trade Center and Fulton Center are creating a ripple effect throughout the area as other investors and retailers look to capitalize on these public and private sector investments in the transformation of Lower Manhattan.
Moderator: Joy Sinderbrand (m) Washington Square Partners New York, NY
Speakers: George Giaquinto (C) Westfield World Trade Center New York, NY
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Vincent Chang (C) Partner, Grimshaw Architects New York, NY
Jeff Rosen (C) Director of Real Estate, Metropolitan Transit Authority
9:30-10:10 Member Presentations
Moderator: Steve Elrod (f) Partner, Holland and Knight, LLP Chicago, IL
Speakers: Lewis Feldman (f) Partner and L.A. Chair, Goodwin Procter, LLP Los Angeles, CA
“The use of so-called "crowdfunding" under the JOBS Act for debt and equity as a tool for facilitating and funding public-private partnerships”
Scott Mingonet (f) Landscape Architect, Kimley-Horn and Associates, Inc. Charlotte, NC
“The PPP Ballpark Village at Hammond’s Ferry, North Augusta SC”
10:10-10:45 Subway from Lower Manhattan to Brooklyn Bridge Park Corporation
Take the 4 or 5 train from Fulton Street downtown toward Brooklyn three stops to Borough Hall. Walk west on Joralemon Street to Furman Street.
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10:45-12:00 Walking tour - Brooklyn Bridge Park Development Corporation -334 Furman Street Brooklyn Bridge Park, one of New York’s waterfront crown jewels, was created with the requirement that it be operationally self-sustaining. The program for the 85-acre park includes 5 residential buildings, a mixed hotel/residential building, a mixed commercial/retail building and associated parking. Annual ground lease and PILOT (payment in lieu of taxes) revenues from these developments will total almost $16M a year and will account for over 96% of the projected revenues. The President of the Corporation and developers of two of the buildings will discuss this remarkable partnership.
Moderator: Paul Travis (f) Washington Square Partners New York, NY
Speakers: Regina Myer(c) President Brooklyn Bridge Park Corporation New York, NY
David Von Spreckelsen (c) President, Toll Brothers City Living New York, NY
Guido Hartray (c) Founding, Marvel Architects New York, NY
12:00 -12:30 Travel to City Point - ULI will provide bus transportation
Pick up at the parking lot at Furman Street and Doughty Street Drop off at 1 Dekalb Avenue
12:30 – 1:30 Lunch and Member Presentations at City Point
Moderator: Steve Elrod (f) Partner, Holland and Knight, LLP Chicago, IL
Speakers: Calvin Gladney (f) Managing Partner, Mosaic Urban Partners Washington DC
“The Public Private Partnership is Dead: How Philanthropics, national Non-profits, and regular People are changing Neighborhood Deals”
Ron Altoon (f) Partner, Altoon Partners Architects Los Angeles, CA
"A Public-Private Partnership (?) in China--the Convergence of a Command Political System and a Free Market Economy?"
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1:30-3:15 City Point - tour & speakers
The panel will focus on the history of the revitalization of the Downtown Brooklyn neighborhood, which started with a major rezoning in 2004. Significant capital investment by the City of New York is coordinated and supported by the Downtown Brooklyn Partnership and has prompted large scale commercial and residential construction.
Moderator: Paul Travis (f) Washington Square Partners New York, NY
Speakers: Kyle Kimball (c) President, NYC Economic Development Corporation New York, NY
Tucker Reed (c) President, Downtown Brooklyn Partnership New York, NY
Roger Fortune (c) Vice President, The Stahl Organization New York, NY
3:15-3:30 Walk to Hill country - From 1 Dekalb, walk west on Fulton (away from Flatbush Avenue) 6 short blocks (0.4 miles) to Adams Street. At Adams Street there is a large Shake Shack and a very wide boulevard. Turn right and walk half a block. The destination is on the right at 345 Adams Street.
3:30-4:15 Reception with Gold Flight at Hill Country- 345 Adams Street, Brooklyn, NY 11201
Travel between Hill Country and Javitz will take 20-45 minutes. Your options are: 1) Taxi (20-30 minutes) 2) Train (35-40 minutes) – Walk south on Adams Street half a block to Willoughby Street which is on the north side of the Shake Shack. Turn left and walk east two short blocks to Jay Street. Take the A or the C train uptown to Page 5 of 11
34 th Street, Penn Station, which is on 8 th Avenue. From there, head west toward 11 th Avenue (0.6 miles) by foot, bus, taxi or Citibike.
Jacob K. Javits Convention Center 4:30-6:00 General Session: Capital Markets: A Global Perspective Capital users and providers from across the globe will engage in a provocative conversation on where the money is coming from and how it is being used.
Speakers:
Jeff T. Blau Chief Executive Officer Related Companies
Kok Huat Goh Chief Operating Officer and President GIC Real Estate
6:00-7:30 Cocktail Reception, Jacob K. Javits Convention Center
KEY: (f)=Full Member (m)=Member (nm)=Nonmember (i)=Invited Speaker/Moderator/Panelist (p)=Proposed Speaker/Moderator/Panelist (c)=Confirmed Speaker/Moderator/Panelist
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Speaker Bios, Council Day October 22, 2014
Joy Sinderbrand Associate Vice President, Washington Square Partners
Joy Sinderbrand brings over a decade of expertise progressing complex capital projects in the New York region. Her real estate, property management and budget experience spans some of the highest profile public-private partnerships in the country. She has spearheaded complex processes and agreements connected with projects including ARC - a $10 billion trans-Hudson River train tunnel- and Moynihan Station. Most recently, she managed the day-to-day joint venture partnership between the Port Authority of NY & NJ and the Durst Organization spanning the construction, leasing, operation and maintenance of One World Trade Center, a 3 million square foot office tower.
George Giaquinto Vice President, Westfield
George Giaquinto is a Vice President of Development for Westfield, LLC. He joined Westfield in July 2001 to work on the World Trade Center project. He went on to manage the airport division for Westfield, expanding operations at airports in DC and Boston and opening locations in Miami, Orlando, Terminal 8 at JFK as well as acquiring development rights to Terminals A& B at Newark International Airport. He then moved to Northeast Development where he led a $50MM renovation and repositioning of the Trumbull Shopping Center. He returned to the World Trade Center project in 2011 and leads the day to day efforts of a multi-discipline team in the development of the 350,000 square foot retail project as well as the development of the 60,000 square foot Fulton Center. He has consulted internationally on public/private partnerships and has worked on retail development for more than 20 years including projects with the Port Authority of NY & NJ and Columbia University.
Vincent Chang Partner, Grimshaw Architects
Vincent Chang has been with Grimshaw since 1996 and was appointed partner in 2005. His experience spans a diverse range of sectors, including intermodal transportation, research and educational projects and cultural buildings. Whilst in the UK Vincent participated in the design of notable projects including the Eden Biomes and Paddington Phase 1. In 2000 he traveled to the US to oversee the practice’s first North America commission, the Donald Danforth Plant Science Center. Following the success of that project, he established Grimshaw’s New York office in 2001.
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Jeff Rosen Director of Real Estate, Metropolitan Transit Authority
Jeff Rosen has been the MTA's Director of Real Estate since August 2009. Before that, he was an attorney in private practice specializing in real estate development and domestic and international project finance, most recently at the law firm Arent Fox. Jeff is a graduate of Harvard College and received his law degree from NYU in 1981.
The multi-phase mixed-use public-private development projects on which Jeff has worked have included the South Street Seaport, Battery Park City, Metrotech, Atlantic Yards, Moynihan Station and the West Side Yards; he was for many years the principal legal advisor to the Polish government in connection with its toll road concession program; and his experience in the structuring and implementation of public-private partnerships has also encompassed waste-to-energy and water treatment facilities, convention centers, stadiums and airports. As the MTA’s Director of Real Estate, Jeff oversees the granting and administration of advertising, telecom and parking franchises on behalf of the MTA’s constituent agencies (which include NYC Transit, the Metro-North Commuter Railroad, the Long Island Rail Road and MTA Bridges & Tunnels) and the leasing and licensing of space throughout the MTA system for retail and other purposes, as well as acquisitions of property interests as required for MTA operations and dispositions of surplus property to engender transit-oriented development and generate funds for the MTA’s capital budget.
Regina Myer President, Brooklyn Bridge Park Corporation
Regina Myer is President of Brooklyn Bridge Park, the corporation responsible for the creation and construction of Brooklyn Bridge Park. As President, Ms. Myer oversees all aspects of the Park, including design, construction, maintenance and operation. The 85-acre Brooklyn Bridge Park will stretch approximately 1.3 miles along the East River from Atlantic Avenue to north of the Manhattan Bridge, transforming the downtown Brooklyn waterfront into a civic space for all New Yorkers.
David Von Spreckelsen President, Toll Brothers City Living
David Von Spreckelsen , a Division President with Toll Brothers, Inc., started the Toll Brothers City Living office in New York City in 2004. David oversees Toll’s acquisition and development activities in the five boroughs of New York City and Nassau and Suffolk Counties in Long Island. His responsibilities include everything from identifying and acquiring sites through managing the design and construction of the buildings and ultimately to marketing and selling the residences. David is currently overseeing seven Toll Brothers City Living projects in various stages of development in Manhattan and Brooklyn. In addition to projects that have already been completed, this totals to 2,000 condominium units and $1.5 billion in total development cost since 2004. Recently, at Pier 1 in Brooklyn Bridge Park, Toll Brothers began construction of a condominium project and the first hotel in Toll Brothers’ history.
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Guido Hartray Founding Partner, Marvel Architects
Guido Hartray is a founding Partner of Marvel Architects. Guido has successfully led some of the firms’ most complex projects including APS Editorial Headquarters, the Pratt Architecture School, Governors Island Master Plan, the award-winning MTA Flood Mitigation Urban Plan, and streetscape redesigns for the Hudson Square neighborhood. He is currently leading design teams working on a wide range of projects, including Pierhouse and 1 Hotel at Brooklyn Bridge Park, and the renovation and reprogramming of the Central King Building at the New Jersey Institute of Technology.
Guido attended Harvard University and studied urbanism as a Fulbright Scholar. He has been a guest juror and guest lecturer at numerous institutions including Columbia University, the University of Illinois, and Barnard College and the NY CFA.
Kyle Kimball President, NYC Economic Development Corporation
Kyle Kimball was first appointed NYCEDC President by Mayor Michael R. Bloomberg in 2013. Since joining NYCEDC in 2008, Kyle has helped to develop and implement NYCEDC’s strategy to strengthen the City’s economy. NYCEDC’s economic transformation agenda includes an aggressive slate of programs aimed at helping legacy industries transition to 21st Century business models, attracting promising new industries, expanding entrepreneurship, and developing new career paths that expand and strengthen New York’s middle class in order to ensure that the City is well positioned to thrive in today’s dynamic economy. The dozens of initiatives aimed at advancing this economic transformation strategy include incubators across the five boroughs that support small businesses; programs that train low-income and immigrant New Yorkers to access high-quality jobs; and an Early-Stage Life Sciences Funding Initiative that will accelerate the growth of the City’s emerging life sciences ecosystem.
Tucker Reed President, Downtown Brooklyn Partnership
Tucker Reed is the President of the Downtown Brooklyn Partnership, the local economic development organization tasked with supporting Downtown Brooklyn's emergence as New York City's center for innovation, creativity and entrepreneurship. He previously was the Director of Special Projects for Two Trees Management Company, a real estate development firm based in DUMBO, Brooklyn, where he assisted in the execution of development projects with an aggregate budget of nearly $200 million, while directing communications and community development efforts for the firm.
Roger Fortune Vice President, The Stahl Organization
Roger Fortune is Vice President at The Stahl Organization, a NYC-based privately-held real estate investment and development firm where he is leading the development of the tallest building in Brooklyn. Previously, Roger was the Senior Vice President for Real Estate at the Downtown Brooklyn Partnership (DBP). At the DBP, Roger effected public entitlements for approximately $2 billon of private development projects through coordination with the New York City Economic Development Corporation (NYCEDC) and other City agencies. Previously, he was Assistant Vice President in Real Estate Development at the NYCEDC, where he executed approximately $800 million of private real estate investments on City-owned land. He is an alumnus of Forest City Ratner Companies, Vornado Realty Trust and Bohlin Cywinski Jackson Architects. He received an MBA from Columbia Business School and a Bachelor of Architecture from Carnegie Mellon University. Page 9 of 11
ULI’s Priorities
1. Promoting Intelligent Densification and Urbanization • What are the most responsible ways to provide cost-effective housing for a rapidly increasing global population that is becoming increasingly urbanized? • How can we advance the understanding of the relationship between a high-quality of life and the built environment to create high-quality, appropriately-priced density that is attractive to users? • What is the relationship between a thriving economy and a thriving city (and vice versa)-the relationship between a dynamic society and the built environment? 2. Creating Resilient Communities • What are the best new business models in the real estate and land use industry and how can we support their development? • How can we best adapt and reuse existing real estate while eliminating obsolete space to create thriving communities? • How can we influence land use leaders locally and around the world as they reshape the process of community building and developing both social and physical infrastructure? 3. Understanding Demand and Market Forces • How can we best understand the demand (quantity, type, price, and location of the need) for real estate and discover what the market wants short-term versus what the market needs long-term • How can we help balance local, regional, national, and global interests as well as public and private interests in terms of how they affect land use decisions and development? • How will changing technology influence building and buildings, and how will people’s use of technology influence how they interact with the physical environment? 4. Connecting Capital and Real Estate Through Value • How can we best generate value in the built environment that is greater than its cost? • What are the best ways to ensure the attractiveness of real estate as an investment as institutional capital allocators continue to change and become more global? • What is the most effective way to demonstrate and explain the relationship between investment in public projects and amenities and the impact on real estate value? 5. Integrating Energy, Resources, and Uses • How can we best reduce the negative impact of the built environment on our natural resources and climate? • What are the best ways to use the world’s energy resources and protect the built environment from volatile and unpredictable conditions? • How will trends in energy and resources impact the future best use of land?
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ULI Council Member Expectations
Council membership is a privilege desired by many ULI members and the value of the Council experience is determined by the quality and participation of its members. Each Council member is therefore expected to be a committed and participating part of the Council, contributing as much value to the Council experience as they take home.
OPEN, HONEST, SPECIFIC INFORMATION AND EXPERIENCE: Come to Council meetings ready to participate openly and honestly with specific, detailed information and experience from your current real estate practice.
CONFIDENTIALITY: Everything discussed within a Council is kept completely confidential by all Council members. This is the foundation that makes open and honest sharing of detailed information and experience possible. Violation of confidentiality will result in immediate expulsion from your Council.
REAL DEALS, REAL NUMBERS: The key to truly valuable interaction between the Council members is the sharing of real deals and real number, successes as well as lesson learned.
RESPECT FOR OTHERS: Help make discussions productive and high value by engaging your fellow council members respectfully with your most relevant information and experience.
NO SELF PROMOTION: Councils members are all highly successful real estate professionals. Self promotion and pitching do not add value for your fellow council members. Keep your presentations and discussions aimed at delivering real take home value for your peers, not your business.
NO CELL PHONES OR BLACKBERRIES: It should go without saying that you cannot be fully engaged in your council while checking your email. Most Councils have breaks designed to allow members to check in and stay connected a few times during the day.
ATTEND EVERY MEETING AND ATTEND ALL DAY: Each Council member has been chosen for the value that their unique background and experience brings to the Council. Missing a Council meeting or part of a Council meeting reduces the value for every other member of your Council. Your empty seat could easily be filled by someone else who has value to bring to the table.
RECRUIT THE BEST AND BRIGHTEST: Council members often come into contact with new leaders in the industry, ULI members and non-ULI members, with exciting new products, ideas and best practices that will add greatly to the value of their Council. Bring these new leaders as guests to your Council, sponsor them for Council membership and work with your Council leadership to help them become future members of your Council.
PARTICIPATE IN ULI AND ULI LEADERSHIP: Council members are expected to be active participants in ULI’s mission of providing leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. Your involvement in ULI provides excellent opportunities to network and to learn both within and beyond the boundaries of your industry segment:
• Attend and participate as speakers and panelists at ULI Spring Council Forums and Fall Meetings. • Attend and participate as speakers and panelists at Council meetings. • Serve as panelists at Project Analysis Sessions held at Spring Council Forums and Fall Meetings. • Serve as panel members for Advisory Services assignments scheduled throughout the year. • Contribute to ULI publications through the contribution of articles and papers. • Contribute to the ULI Foundation. • Participate as Committee/Subcommittee/Task Force members. • Participate in research and education programs. • Participate in District Council programs in each member’s area. Page 11 of 11