Industry News
NYCHA 2.0: Will this Multi Billion Dollar Initiative Preserve and Protect?
April 10, 2019
NYCHA 2.0 is a comprehensive plan to provide vital repairs to New York City’s public housing over the course of ten years. In a dual effort to both invest to preserve as well as fix to preserve NYCHA 2.0 aims to generate funds to provide quality affordable housing to it’s 400,000 residents. Investment strategies for this project are broken down into three categories; PACT to Preserve, Build to Preserve, and Transfer to Preserve. Through the utilization of this plan it is expected to generate $16B in addition to the $8 Billion provided in city, state, and federal funding. The $24B dollars generated are estimated to address 75% of the total $32B dollars in capital need for renovations throughout all NYCHA housing.
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Through the conversion of public housing, the acquisition of new properties, as well as air rights associated with neighboring properties will allow for the generation of the much needed capital to implement these renovations and continually improve the affordable housing stock in New York City.
Unveiled by Mayor De Blasio
The New York City Housing Authority was established in 1934 to provide middle and lower income families with affordable housing within New York City. Since its inception NYCHA housing has been in a state of continual degradation as funding and renovations have dwindled leaving many residents in poor living conditions. These issues range from problems with heating, to pest control, lead exposure, and mold contamination. With 70% of NYCHA housing being built before 1970 the need for these issues to be addressed and fixed become increasingly important. Unveiled by Mayor De Blasio NYCHA 2.0 acts as a comprehensive plan that will provide NYCHA housing with $24B dollars over the course of ten years. Through strategic development and reinvestment into other NYCHA housing it is expected to meet 75% of the total $32B of capital needs across all NYCHA developments. Investment strategies for NYCHA can be broken down into three categories; PACT to Preserve, Build to Preserve, and Transfer to Preserve.
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Capital Project Symposiums: Infrastructure, Zoning & Transportation
November 16, 2017
NEW YORK CITY - November 16, 2017, Capital Project Symposiums: Infrastructure, Zoning & Transportation. Executive came out to be a part of the next level of conversation regarding the NYC Department Housing Preservation Development’s sustainability strategy, the ambitious housing agenda, and East New York Zoning.
The NYC Capital Ten Year Capital strategy 95.8 billion dollars in planned spending. The Ten Year Capital Strategy broadly anticipates funding levels that will enable the City to design its capital projects to standards that minimize green house gas emissions and maximize the resiliency, redundancy and capacity of City infrastructure to severe floods and other natural disasters.
The Discussion: Inside the New York City Department of Housing Preservation and Development and East New York Zoning
Projects underway at the NYC Department of Design and Construction Sustainable Design Priorities
East New York Zoning and Impact
Opportunities for Minority and Women owned Businesses in the Affordable Housing Development
Investment Priorities
The featured speaker was Christopher Mahase, Director of Sustainability, New York City Department of Housing Preservation and Development who shared Projects underway at the NYC Department of Housing Preservation and Development’s Sustainable Priorities.
The Department of Housing Preservation and Development, HPD, budget is structured to meet the goals of Housing New York: A Five Borough, Ten Year Plan with a goal of creating and preserving a total of 200,000 units Citywide from 2014 to 2024. Mr. Mahase oversees Sustainability Initiatives at HPD, develops initiatives to increase the sustainability of HPDs internal operations and the sustainability of new construction and rehabilitation projects funded by HPD. He also develops green building policies for HPD including green building requirements for the loan programs.
The New York City Department of Housing Preservation and Development, HPD, works together with a variety of public and private partners to achieve affordable housing goals of supporting New Yorkers with a range of incomes, from the very lowest to those in the middle class. HPD accomplishes these goals through a combination of loan programs, tax incentives, disposition of City-owned land, tax credits, and other development incentives. HPD also works with developers to ensure that projects are designed and built in keeping with agency standards for quality construction, environmental sustainability, and cost containment.
The Capital Project Symposiums are a collaboration between Green Building Worldwide and EIG. We thank you for your continued participation.
About GBW: Green Building Worldwide Capital Project Symposiums have been met with great interest. GBW is a Strategic Research, Communications, and Legislative Consulting firm examining, communicating and recording the movement of government, the private sector and individual leaders in delivering sustainable buildings and resilient infrastructure. We provide next generation platforms to support building, corporate, environmental and policy leaders involved in capital and development projects. Inclusion in both access and delivery is also at the core of who we are.
About EIG: The Equitable Infrastructure Group (EIG) was established to counteract disparities and inefficiencies caused by the lack of information, access and opportunity that an overwhelming number of bad actors in key sectors have intrinsically created through a closed door climate.
Sectors and municipalities are mandating equitable, sustainable, and resilient infrastructure. This shift is largely due to the increase in natural disasters, the demand on existing networks and a fundamental call for equity and transparency. As such, both public and private sectors must step forward offering unique capabilities as partners in new solutions and opportunities.
For additional information, contact L. Charlie Oliver at 646.696.6970.
Part Two of the Brooklyn, Queens, and Bronx Capital Project Symposium.
October 26, 2017
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NEW YORK CITY - October 12, 2017, Convening for a straightforward conversation on diversity, infrastructure and zoning, GBW and EIG held its Brooklyn, Queens, and Bronx Capital Project Symposium in New York City. NYC is currently experiencing one of the greatest periods of capital planning and infrastructure development in recent history.
The Symposium was attended by a wide array of industry executives from firms ranging from engineering, architecture, development, to technology. Firms attending were WSP, STV Incorporated, TYLIN International, Kimley Horn, Ramboll, Nova Consulting and Public Advocate Letitia James' office ... just to name a few. What is unique is the mix of MWBEs, Veteran Owned Businesses and some of the largest corporations in the world coming together in the same room.
Charlie Oliver, Chairperson of EIG, presented on several capital projects in Brooklyn, Queens and the Bronx. Among them were the Brooklyn Queens Expressway Cantilever, the Brooklyn Queens Connector, Downtown Far Rockaway rezoning, the Lower Concourse Infrastructure Investment Strategy and the Hunts Point Peninsula.
Ismene Speliotis, Executive Director of MHANY Management and Co Developer of the Peninsula gave a presentation on the make up and status of the project which is redeveloping the former Spofford Correctional Facility. Ms. Speliotis also shared valuable information on contracting opportunities.
"Our forums are at capacity weeks in advance, I attribute it to our focus on delivering important content and deal making. This formula is a winning one for us and our guests, they are returning and bringing their colleagues - we providing vital linkages." said Charlie Oliver.
The New York City Capital Strategy allocates $51.3 billion to maintaining a state of good repair, one of the largest commitments that the City has ever made.
About GBW: Green Building Worldwide Capital Project Symposiums have been met with great interest. GBW is a Strategic Research, Communications, and Legislative Consulting firm examining, communicating and recording the movement of government, the private sector and individual leaders in delivering sustainable buildings and resilient infrastructure. We provide next generation platforms to support building, corporate, environmental and policy leaders involved in capital and development projects. Inclusion in both access and delivery is also at the core of who we are.
About EIG: The Equitable Infrastructure Group (EIG) was established to counteract disparities and inefficiencies caused by the lack of information, access and opportunity that an overwhelming number of bad actors in key sectors have intrinsically created through a closed door climate.
Sectors and municipalities are mandating equitable, sustainable, and resilient infrastructure. This shift is largely due to the increase in natural disasters, the demand on existing networks and a fundamental call for equity and transparency. As such, both public and private sectors must step forward offering unique capabilities as partners in new solutions and opportunities.
For additional information, contact L. Charlie Oliver at 646.696.6970.
JDS Development Group - Business of Green Building: Mega Development & Infrastructure Forum, Transformation of the East Side of Manhattan
October 19, 2017
NEW YORK CITY - October 19, 2017, Business of Green Building: Mega Development & Infrastructure Forum, Transformation of the East Side of Manhattan
On Thursday, October 19th the JDS Development Group hosted EIG and GBW for its Business of Green Building,Transformation of the East Side of Manhattan Forum. Among the attendees were BlackRock, Related Companies, CSA Group, Cerami, Langan, and Heritage Architects.
The Eastside of Manhattan is bustling with cranes and developers investing billions into promising new projects. City government is also on trend with investment and encouragement of expanded rezoning efforts. The sustainability and resiliency of the developments as well as infrastructure projects are being brought to the forefront.
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Along coastlines and lake shores and river fronts across the country, tenants and homeowners, regulators and planners, private developers and public institutions are embracing the accumulating evidence of climate change and fortifying buildings and infrastructure against rising sea levels and ever more intense storms. - according to the New York Times
The Featured Presentation was delivered by Simon Koster, Principal, JDS Development Group. Mr. Koster rendered a detailed and thought provoking presentation on the American Copper Buildings. American Copper Buildings development features 763 apartments within two copper clad towers connected by a three-story skybridge designed by SHoP Architects. American Copper is one of the first truly post-sandy designed and built, large-scale construction projects in New York City, including emergency generators, elevating systems above the first floor, stone lobbies, and convenience outlets for each apartment.
Simon Koster is a Principal at JDS Development Group, an innovative real estate development, construction, and acquisition firm responsible for the creation of numerous residential, hospitality, and mixed-use projects in New York City and Miami. As a materials and mechanical engineer, Koster brings his unique background and leadership to oversee development planning, design, coordination, and construction management teams across all JDS projects.
About JDS Development Group: JDS has more than nine million square feet of property in various stages of development, including the record-setting Walker Tower and Stella Tower, the American Copper Buildings, 111 West 57th Street and The Fitzroy. JDS’s goal is to redefine what it means to be a real estate developer in the twenty- first century. The firm is dedicated to leaving the urban landscape better served by its projects.
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L. Charlie Oliver, Chair of EIG, gave an updated personation on the East Midtown Rezoning. The East Midtown Area is a 73 block area surrounding Grand Central Terminal comprising a total of 70 million square feet of office space. The plan provides rezoning incentives to promote the development of a handful of new, state of the art commercial buildings over coming decade so that the East Midtown Office Stock remains attractive to a broad range of businesses, including major corporate tenants.
About GBW: Green Building Worldwide Capital Project Symposiums have been met with great interest. GBW is a Strategic Research, Communications, and Legislative Consulting firm examining, communicating and recording the movement of government, the private sector and individual leaders in delivering sustainable buildings and resilient infrastructure. We provide next generation platforms to support building, corporate, environmental and policy leaders involved in capital and development projects. Inclusion in both access and delivery is also at the core of who we are.
About EIG: The Equitable Infrastructure Group (EIG) was established to counteract disparities and inefficiencies caused by the lack of information, access and opportunity that an overwhelming number of bad actors in key sectors have intrinsically created through a closed door climate.
Sectors and municipalities are mandating equitable, sustainable, and resilient infrastructure. This shift is largely due to the increase in natural disasters, the demand on existing networks and a fundamental call for equity and transparency. As such, both public and private sectors must step forward offering unique capabilities as partners in new solutions and opportunities.
For additional information, contact L. Charlie Oliver at 646.696.6970.
Diversity, Infrastructure and Zoning: EIG and GBW Capital Project Symposiums
October 12, 2017
NEW YORK CITY - October 12, 2017, Convening for a straightforward conversation on diversity, infrastructure and zoning, GBW and EIG held its Brooklyn, Queens, and Bronx Capital Project Symposium in New York City. NYC is currently experiencing one of the greatest periods of capital planning and infrastructure development in recent history.
The Symposium was attended by a wide array of industry executives from firms ranging from engineering, architecture, development, to technology. Firms attending were WSP, STV Incorporated, TYLIN International, Kimley Horn, Ramboll, Nova Consulting and Public Advocate Letitia James' office ... just to name a few. What is unique is the mix of MWBEs, Veteran Owned Businesses and some of the largest corporations in the world coming together in the same room.
Charlie Oliver, Chairperson of EIG, presented on several capital projects in Brooklyn, Queens and the Bronx. Among them were the Brooklyn Queens Expressway Cantilever, the Brooklyn Queens Connector, Downtown Far Rockaway rezoning, the Lower Concourse Infrastructure Investment Strategy and the Hunts Point Peninsula.
Ismene Speliotis, Executive Director of MHANY Management and Co Developer of the Peninsula gave a presentation on the make up and status of the project which is redeveloping the former Spofford Correctional Facility. Ms. Speliotis also shared valuable information on contracting opportunities.
"Our forums are at capacity weeks in advance, I attribute it to our focus on delivering important content and deal making. This formula is a winning one for us and our guests, they are returning and bringing their colleagues - we providing vital linkages." said Charlie Oliver.
The New York City Capital Strategy allocates $51.3 billion to maintaining a state of good repair, one of the largest commitments that the City has ever made.
About GBW: Green Building Worldwide Capital Project Symposiums have been met with great interest. GBW is a Strategic Research, Communications, and Legislative Consulting firm examining, communicating and recording the movement of government, the private sector and individual leaders in delivering sustainable buildings and resilient infrastructure. We provide next generation platforms to support building, corporate, environmental and policy leaders involved in capital and development projects. Inclusion in both access and delivery is also at the core of who we are.
About EIG: The Equitable Infrastructure Group (EIG) was established to counteract disparities and inefficiencies caused by the lack of information, access and opportunity that an overwhelming number of bad actors in key sectors have intrinsically created through a closed door climate.
Sectors and municipalities are mandating equitable, sustainable, and resilient infrastructure. This shift is largely due to the increase in natural disasters, the demand on existing networks and a fundamental call for equity and transparency. As such, both public and private sectors must step forward offering unique capabilities as partners in new solutions and opportunities.
For additional information, contact L. Charlie Oliver at 646.696.6970.
Forbes Most Powerful Women List is Released
November 02, 2016
22 CEOs of major companies and many more corner office contenders in all industries. Nine newcomers and one return. Over $1.1 trillion in market capitalization. Plus: bonus pick Queen Bey! Read on to see who made it in 2016—and who didn't.
55 Wall Street Embarks on $8.3 Million Project to Cut Energy Costs, Consumption and Emissions
October 25, 2016
The Cipriani Club Residences, located at 55 Wall Street in Lower Manhattan, is making an $8.3 million investment in a multifaceted energy efficiency and cogeneration project which, once completed, stands to reduce the building’s energy consumption and related emissions by 42% as well as cut energy costs in half – saving $900,000 annually.
Net-Zero Buildings – Let us Aim Higher!
May 28, 2023
The building sector is a significant contributor to global energy usage. For the U.S., nearly 40 percent of the nation's energy is consumed by homes and commercial buildings [1]. The development of building energy savings targets represents a main keystone in any effort in confronting the challenges of climate change.
The Seaport’s sea change
October 18, 2016
For its first development project in New York City, the Howard Hughes Corporation set out to build a massive mixed-use hub in Lower Manhattan’s South Street Seaport — complete with a towering 500-foot condominium and a four-level shopping mall on the waterfront. But in the six years that Howard Hughes has controlled portions of seven buildings in the district, it has increasingly scaled back its vision for the area from a high-density wonderland to a midsize tourist trap.
Full Stack Modular LLC Purchases Core Assets of FC Modular, LLC from Forest City Ratner Companies.
October 07, 2016
Full Stack Modular's CEO and founder, Roger Krulak, was formerly Senior Vice President of Modular Construction at FCRC where he was a leading member of the team that built the modular business that formed the foundation of FCRC's flagship project, 461 Dean Street, the tallest modular building in the world. 461 Dean is now leasing and will welcome its first tenants this fall to breathtaking views and amenities made possible by its modular construction.
TD Bank U.S. CEO Pike Pedersen to retire; Greg Braca named successor - Philadelphia
October 26, 2016
Effective June 1, 2017, Pedersen, 56, will be succeeded by Greg Braca, who is currently head of corporate specialty banking. Braca will become chief operating officer of the Cherry Hill, New Jersey-based bank on Nov. 1 and transition into the CEO role next summer. Pedersen will remain an advisor to the bank for a period of time after the transition is complete.