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Our Annual Ranking of the City's 100 Most Innovative, Inclusive and Empowering Employers PAGE 14 CRAINSNEW YORK BUSINESS Grocers latest target for lawsuits P. 5 | “Crazy” ideas to x transit and housing P. 7 | Brooklyn blogger gets local scoop P. 32 NEW YORK BUSINESS®®®® DECEMBER 4 - 10, 2017 | PRICE $3.00 Our annual ranking of the city’s 100 most innovative, inclusive and empowering PAGE 14 VOL. XXXIII, NO.49 WWW.CRAINSNEWYORK.COM employers NEWSPAPER P001_CN_20171204.indd 1 12/1/17 8:14 PM DECEMBER 4 - 10, 2017 CRAINSNEW YORK BUSINESS FROM THE NEWSROOM | BRENDAN O’CONNOR | MANAGING EDITOR IN THIS ISSUE The power of naps 4 IN CASE YOU MISSED IT 5 RETAIL “TO EXPAND nap capabilities.” at’s how an executive at 6 WHO OWNS THE BLOCK Tishman Speyer, one of the city’s largest commercial land- 7 URBAN PLANNING Corporations lords, recently described one reason behind the rm’s plans must lead to enhance the “tenant wellness” oerings at 30 Rockefeller 8 SPOTLIGHT the way on equal pay Center. ose plans are part of a broader eort aimed at help- 10 ASKED & ANSWERED ing more of Tishman’s multitude of city properties qualify 12 VIEWPOINTS for Fitwel certication, an increasingly popular scoring sys- FEATURES tem that rates a building’s wellness amenities, similar to how LEED certication measures environmental sustainability. 14 BEST PLACES TO WORK IN NYC Fitwel categories range from the prevalence of signs encouraging tenants to wash their hands or take the stairs Millennials want to to the availability of lactation rooms and air-purication systems. As of early November, more than 300 buildings “be working where across North America had applied for or earned a Fitwel there’s an overt ranking, according to Joanna Frank, president and CEO of emphasis on quality the Center for Active Design, the New York–based non- prot spearheading the program. of life.” And that’s a P. 32 C. ZAWADI MORRIS Judging from the plethora of amenities oered by the good thing companies on this year’s Best Places to Work list (starting 32 GOTHAM GIGS on page 14), more are on the way. “Millennials want to be 33 SNAPS working where there’s an overt emphasis on quality of life,” Frank told Crain’s senior reporter Daniel Geiger last month. “Companies are realizing they need to oer it to 34 FOR THE RECORD attract and retain talent.” 35 PHOTO FINISH So while workers of a certain generation may snicker at the concept of unlimited CORRECTION vacation days, in-oce yoga classes and dedicated nap rooms, those perks are and The budget for a ood-protection plan for Red will continue to become a routine part of New Yorkers’ work-a-day lives. Hook is $100 million. That information was And that’s a good thing. While the companies on this year’s list represent a range misstated in “Possibility of more change ripples through Red Hook,” published Nov. 13. of industries—from accounting to nance, health care and construction—they also share a common commitment to the well-being of their employees. By supporting a work environment that values transparency, self-reliance, diversity, innovation and empowerment, these businesses generate gains beyond the bottom line and help en- sure that New York City will continue to be the capital of the business world. For the record, I’ve yet to work at a company that provides space for naps. But I’m no stranger to the benets of taking one. Back when I worked at ESPN the Magazine, I would oen take advantage of the couch in my boss’s oce to grab a little midday ON THE COVER shut-eye. More oen than not, he’d be in his oce during those times, but we were PHOTO: ISTOCK comfortable enough with the arrangement that it never warranted much discussion. CRAIN COMPOSITE Of course, when folks who didn’t know us so well would happen by, they would in- variably comment on the absurdity of it. Turns out, we were just ahead of the times. DIGITAL DISPATCHES CONFERENCE CALLOUT JAN. 25 Go to CrainsNewYork.com CRAIN’S BUSINESS READ Mayor Bill de Blasio BREAKFAST FORUM announced senior staff changes. Deputy State Senate Majority Leader > Mayors Anthony Shorris John J. Flanagan will be on and Richard Buery will hand to discuss area politics, leave their posts while remedies for transit crises Emma Wolfe will become and priorities for the start chief of staff. of New York’s legislative session. ■ Tech companies, including homegrown Etsy and Shutterstock, pushed the Federal NEW YORK ATHLETIC CLUB Communications Commission to preserve the net neutrality rules established by the 8 to 9:30 a.m. Obama administration. [email protected] ■ Maimonides Medical Center will lay off up to 200 employees to cut costs. Vol. XXXIII, No. 49, Dec. 4, 2017—Crain’s New York Business (ISSN 8756-789X) is published weekly, except for double issues the weeks of June 26, July 10, July 24, Aug. 7, Aug. 21 and Dec. 19, by Crain Communications Inc., 685 Third Ave., ■ A pair of Manhattan landlords reached New York, NY 10017. Periodicals postage paid at New York, NY, and additional mailing ofces. Postmaster: Send address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Ave., Detroit, MI 48207-2912. a $1 million settlement with City Hall after For subscriber service: Call 877-824-9379. Fax 313-446-6777. $3.00 a copy, $99.95 one year, $179.95 two years. they were caught running illegal hotels. (GST No. 13676-0444-RT) ©Entire contents copyright 2017 by Crain Communications Inc. All rights reserved. BUCK ENNIS, NYC.GOV 2 | CRAIN’S NEW YORK BUSINESS | DECEMBER 4, 2017 P002_CN_20171204.indd 2 12/1/17 8:19 PM WHAT’S NEW DECEMBER 4, 2017 AGENDADebate the details, not the premise: Region must accommodate growth coping out the long-term future of New York City is no small undertaking, so the Regional Plan Association could be forgiven for taking 21 years and nearly 400 pages to do so. And it was worth the wait, as the century-old think tank came up with 61 Srecommendations to make the metro area better for the next generation. One of them, however, was rejected in a New York minute: closing the subway system on weekdays from 12:30 a.m. to 5 a.m. so repairs and WORK TO DO: maintenance can be performed faster and more cheaply (see page 7). e A new blueprint explains how mayor called a 24/7 subway a “birthright,” and criticism echoed across the transit social media. “RPA board members and ocers need to take the subway system could be modernized aer midnight and see that they’re jammed with working New Yorkers, in just 15 not the leisure classes who attend cocktail parties and galas,” Columbia years. history professor Mitchell Moss tweeted. e numbers don’t lie, though. Only 1.5% of weekday trips are taken a more nimble, cost-ecient way to move people around at 2 a.m. during those four and a half hours. RPA is right to ask whether the other e other ideas in the massive blueprint also merit consideration. We 98.5% would be much smoother if maintenance crews could clean and x worry, though, that many New Yorkers do not agree with its premise: that tracks uninterrupted ve nights a week. While the Metropolitan Transpor- the city and region must accommodate growth. ey believe preserving the tation Authority nixed the idea, it has previ- status quo will keep New York from becom- ously cited a lack of capacity when shiing Only 1.5% of subway trips occur late ing more unaordable. In fact, it will do the track-work funding to other purposes. Per- opposite. We must do more of what made the haps it’s time to admit that was an excuse to at night. If crews could work then, the region great—build and connect train lines pay for Gov. Andrew Cuomo’s pet projects. other 98.5% could be much smoother and erect housing alongside them. And we To be sure, New Yorkers treasure know- must upgrade existing infrastructure, which ing that no matter when they reach a plat- requires money and inconvenience. form, a train will eventually come. But late nights on the subway are of- e bottom line is, something needs to change. New York cannot let ten an adventure. Long waits are routine, and no one can gure out the housing demand keep outpacing construction nor wait an estimated 50 intermittent closures from the MTA’s confusing signage, especially aer years just to replace the antiquated signals that cause so many subway de- a night on the town. Street trac is light during the wee hours, so buses— lays. RPA says its plan will yield a modern transit system in only 15. If the which should be trackable by Uber-style smartphone apps—might well be MTA or the politicians have a better way, let’s hear it. — THE EDITORS FINE PRINT After ve years of debate, the City Council approved legislation last week requiring construction cranes to be taken out of commission after 25 years. Old cranes can develop hard-to-detect weaknesses, require additional maintenance and run on obsolete technology—all of which make them less safe as time goes on. A leading contractors’ association supported the law. BY GERALD SCHIFMAN STATS 25 WORDS OR LESS DEVELOPMENT OPPORTUNITY TO ALLEVIATE THE CITY’S housing crunch, apartments could be built in commutable suburbs—particularly on parking lots near AND THE We have synthetics. train stations. But there are hurdles. “We have drugs. We have the opioid C epidemic.
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