Beyond Sticks and Bricks

100
Beyond Sticks and Bricks: Projects Producing Structural Economic Change Friday, October 15 9:15 a.m. – 10:30 a.m.

description

2010 ULI Fall Meeting PresentationOctober 15, 20109:15 am to 10:30 am

Transcript of Beyond Sticks and Bricks

Page 1: Beyond Sticks and Bricks

Beyond Sticks and Bricks: Projects Producing

Structural Economic Change

Friday,

October 15

9:15 a.m. – 10:30 a.m.

Page 2: Beyond Sticks and Bricks

Marilyn Jordan Taylor (moderator)

Dean and Paley Professor, School of

Design, University of Pennsylvania

Relina Bulchandani

Global Lead, Connected Real Estate,

IBSG, Cisco

Tom Murcott

Executive Vice President and Chief

Marketing Officer, Gale International

Amy Neches

Senior Project Manager, San Francisco

Redevelopment Agency

David M. McDonough

Senior Director, Johns Hopkins Real

Estate

Page 3: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 3

Relina Bulchandani

Global Lead, Connected Real Estate, IBSG

The Smart+Connected

Community of Tomorrow,

Today.

IBSG

© 2010 Cisco

Page 4: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 4

…they are also home to increasing social disparities, poverty, pollution,

waste, and environmental problems.” - UN Habitat Report, 2008

“More than ever before, cities are home to humanity’s great expectations…

Page 5: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 5

A World in Transition

Source: Connecting Cities: Achieving Sustainability Through Innovation Nicola Villa and Wolfgang Wagener, Cisco IBSG

Big cities getting bigger; 100 new cities

with one million residents by 2025

Village economies transitioning from

agriculture-based to industry-based

Trillions of dollars in stimulus

packages worldwide for infrastructure

50% of world population urban by 2008,

60% by 2030

500M people urbanized in the next

five years

Page 6: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 6

Everything Becomes Connected

2004 2009 2005 2006 2007 2008 2011 2012 2013 2010

300 Million Devices

1 Trillion

Source: Forrester Research, Cisco

Evolution of the internet 400M devices connected - cars, buildings, hospitals, schools, government…everything is connected!

Page 7: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 7

Sustainability Services Delivered by Technology

Protecting the world for future generations

Environmental Social Enhanced quality of

life for citizens

Continuous job and business growth

Economic

Page 8: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 8

Create jobs, boost key industries,

and attract new businesses

Provide services to enhance citizen

quality of life and social inclusion

Decrease environmental impact

Economic

Social

Environmental

The Sustainability Advantage of Smart+Connected Communities

Page 9: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 9

Within 20 years, a city of 5 million can drive

Source: Connecting Cities: Achieving Sustainability Through Innovation Nicola Villa and Wolfgang Wagener, Cisco IBSG

City

Revenues

+$15B

Energy

Efficiency

+30%

New jobs

375,000

GDP

Growth

9.5%

The Benefits of Smart+Connected Communities

Page 10: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 10

Smart+Connected Communities Tracks

Cisco Globalisation Center East - A model for Smart+Connected Communities

Smart+Connected

Transportation

Smart+Connected

Real Estate

Smart+Connected

Safety and Security

Smart+Connected

Utilities

Smart+Connected Learning

Smart+Connected Government

Smart+Connected Health

Smart+Connected Sports and Entertainment

Page 11: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 11

Waterfront Toronto

A Comprehensive Smart+Connected Approach

Page 12: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 12

Page 13: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 13

Waterfront Toronto Living Lab: Network based Smart + Connected Community Services

Solutions Innovation Center

i-Waterfront Infrastructure Platform

Digital Media

Connected Workspaces

Commercialization

Connected Mobility and Wireless

Connected Learning and Teaching

Community Wellness

Smart Homes

E-Governance

Connected Safety and Security

Sustainable Connected Buildings and Homes

Connected Transportation

Optimized City Infrastructure and Logistics

Energy Controller

Connected Ut ilities

Page 14: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 14

Page 15: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 15

SongDo Community+Connect Services

Page 16: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 16

Community+Connect

Delivering Comprehensive Services to Citizens as they Live, Work, Learn,

and Play in a Smart+Connected Community

Home Wellness Office

Shopping Learning Fan

Transportation Government

Page 17: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 17

Community+Connect: Delivering New Services To Constituents in New Ways

Page 18: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 18

From Incubation to Market Transition

Connected Urban

Development

Brownfield & Urban

Regeneration Greenfield Cities

Colorado Connected

Communities Initiative

Barcelona

Holyoke

Toronto

San Francisco

India

Lavasa

China

Chongqing

China

Chengdu

South Korea Songdo

San Francisco EcoMap

Qatar Gate Building

Singapore EPIC

NYC Yankee Stadium

Amsterdam Smart WorkCenters

Seoul Personal Travel Assistant

Kuwait:

Al Hamra Tower

Page 19: Beyond Sticks and Bricks

© 2010 Cisco Systems, Inc. All rights reserved. Cisco Confidential C25-452149-00 19

Page 20: Beyond Sticks and Bricks

Beyond Sticks and Bricks: Projects Producing

Structural Economic Change

Friday,

October 15

9:15 a.m. – 10:30 a.m.

Page 21: Beyond Sticks and Bricks

Driving Economic Benefit

Tom Murcott Executive Vice President, Chief Marketing Officer Gale International

Page 22: Beyond Sticks and Bricks

1922 2 B*

2001 6.1 B

Stan Gale and John B. Hynes III create Gale International. Korean

government offers Songdo opportunity.

1950 1985 2009 2050 9.5 B

Boston Redevelopment Authority created by John B.

Hynes

Stan Gale formed the Gale Company

Opening of Songdo IBD

Daniel Gale Agency Est.

2005

Songdo IBD breaks ground

27 megacities will exist

*World population: US Census

History of Gale International

Page 23: Beyond Sticks and Bricks

Songdo International Business District

$35B/100M SF Development

Page 24: Beyond Sticks and Bricks

Songdo International Business District in 2003

1,500 Acres Reclaimed Land

600 Hectares

1,500 Acres

Page 25: Beyond Sticks and Bricks

Integrated Master Plan and Development Phasing

Songdo International Business District

Page 26: Beyond Sticks and Bricks

Songdo International Business District

LEED-ND Pilot Program Project

Page 27: Beyond Sticks and Bricks

Songdo Convensia

Largest Column-Free Span in Asia

Page 28: Beyond Sticks and Bricks

300,000 SF/28,000 SM of Exhibition and Meeting Space

Songdo Convensia

Page 29: Beyond Sticks and Bricks

Songdo Convensia

LEED Certified for New Construction

Page 30: Beyond Sticks and Bricks

The # First World

1,600 Residential Units

Page 31: Beyond Sticks and Bricks

The # First World

Home to 8,500 Residents

Page 32: Beyond Sticks and Bricks

The # First World

Mixed Use: Residential, Retail, and Officetel

Page 33: Beyond Sticks and Bricks

The # First World

Units Outfitted with the Latest Technology

Page 34: Beyond Sticks and Bricks

Northeast Asia Trade Tower

Tallest Building in Korea at 68 Storeys

Page 35: Beyond Sticks and Bricks

Northeast Asia Trade Tower

Prime Location Overlooking Central Park

Page 36: Beyond Sticks and Bricks

Northeast Asia Trade Tower

2.1M SF Commercial, Retail, and Residential

Page 37: Beyond Sticks and Bricks

Chadwick International School

Opened September 2010

Page 38: Beyond Sticks and Bricks

Chadwick International School

2,050 Student Capacity

Page 39: Beyond Sticks and Bricks

Faculty to Student Ratio of 1:10

Chadwick International School

Page 40: Beyond Sticks and Bricks

Innovative Learning Spaces for Grades K-12

Chadwick International School

Page 41: Beyond Sticks and Bricks

State of the Art Facilities

Chadwick International School

Page 42: Beyond Sticks and Bricks

POSCO E&C Headquarters

Two 39 Storey Towers

Page 43: Beyond Sticks and Bricks

POSCO E&C Headquarters

3,200 People Will Work In Towers

Page 44: Beyond Sticks and Bricks

POSCO E&C Headquarters

Occupied March 2010

Page 45: Beyond Sticks and Bricks

Songdo Central Park

100 Acres of Open Green Space

Page 46: Beyond Sticks and Bricks

Songdo IBD Highlights

•Songdo Convensia Convention Center Opens August 2008 • #1st World Occupied January 2009

• Sheraton Incheon Hotel Opens August 1, 2009 • Central Park Opens August 4, 2009

• Songdo International Business District Officially Opens August 7, 2009 • POSCO E&C Moves Headquarters to Songdo March 2010

• Canal Walk Occupied May 2010 • Chadwick International School Opens September 7, 2010

• Senior PGA Tour Championship Begins September 10, 2010

5,900 Ft/1.8 KM Long Salt Water Canal

Songdo Central Park

Page 47: Beyond Sticks and Bricks

Songdo Central Park

Hybrid Solar Water Taxi Transit System

Page 48: Beyond Sticks and Bricks

Sheraton Incheon Hotel

319 Guest Rooms and Suites

Page 49: Beyond Sticks and Bricks

Sheraton Incheon Hotel

First Five-Star Hotel in Incheon

Page 50: Beyond Sticks and Bricks

Sheraton Incheon Hotel

LEED Silver Rating for New Construction

Page 51: Beyond Sticks and Bricks

Jack Nicklaus Golf Club Korea

18 Hole Championship Golf Course

Page 52: Beyond Sticks and Bricks

Jack Nicklaus Golf Club Korea

Hosted 2010 PGA Champions Tour

Page 53: Beyond Sticks and Bricks

Jack Nicklaus Golf Club Korea

Only Jack Nicklaus Signature Course in Korea

Page 54: Beyond Sticks and Bricks

Canal Walk

800 Meter Low Rise Mega Block With Integrated Retail and Residential

Page 55: Beyond Sticks and Bricks

Canal Walk

345 Officetel Units

Page 56: Beyond Sticks and Bricks

Songdo IBD Highlights

•Songdo Convensia Convention Center Opens August 2008 • #1st World Occupied January 2009

• Sheraton Incheon Hotel Opens August 1, 2009 • Central Park Opens August 4, 2009

• Songdo International Business District Officially Opens August 7, 2009 • POSCO E&C Moves Headquarters to Songdo March 2010

• Canal Walk Occupied May 2010 • Chadwick International School Opens September 7, 2010

• Senior PGA Tour Championship Begins September 10, 2010

Canal Walk

Shopping, Dining, and Entertainment

Page 57: Beyond Sticks and Bricks

The # Central Park I

3 High-Rise Apartment Towers

Page 58: Beyond Sticks and Bricks

The # Central Park I

729 Residential Units

Page 59: Beyond Sticks and Bricks

The # Central Park II

650 Residential Units

Page 60: Beyond Sticks and Bricks

The # Expo

1,400 Residential Units

Page 61: Beyond Sticks and Bricks

The # Harbor View I

845 Residential Units

Page 62: Beyond Sticks and Bricks

1,050 Residential Units

XI Harbor View

Page 63: Beyond Sticks and Bricks

600 Residential Units

Songdo Prugio

Page 64: Beyond Sticks and Bricks
Page 65: Beyond Sticks and Bricks

Beyond Sticks and Bricks: Projects Producing

Structural Economic Change

Friday,

October 15

9:15 a.m. – 10:30 a.m.

Page 66: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

San Francisco Redevelopment Agency

Mission Bay

Railyards to Biotech (A brownfield, sustainable, urban infill, transit oriented, smart growth,

public private partnership, master planned community)

Urban Land Institute – October 15, 2010

Amy Neches

Page 67: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Page 68: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Historic Mission Bay

Page 69: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Historic Mission Bay

Page 70: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

1990

Page 71: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Mid 1990’s Mission Bay Planning Challenges…

• Brownfields Site

• Landfill—geotechnical issues

• Little existing infrastructure

• Difficult political environment with previous failed plans

and Opportunities

• Great location-ballpark, downtown, waterfront

• Well-served by transit and roadways

• Motivated developer and public agencies

Page 72: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Public Goals in New Mission Bay Plan

• Reclaim brownfields site for urban growth in close proximity to financial district

• High density, sustainable, “transit-first” community

• New housing, with high affordable housing component

• Job creation, emphasizing technology and life science research.

• New infrastructure w Parks for larger area, transportation improvements that link to low income Southeast neighborhoods

• Planning process to create community consensus to support new plan

Page 73: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Mission Bay Development Plan-approved 1998

• 6,000 residential units, ave. density 150 units/acre, 30% affordable

• 4.5 million sq. ft. commercial/biotech

• UCSF research campus and hospital

• 500 room hotel

• Neighborhood-serving retail

• Public school, fire/police station, library

• 43 acres of public parks

Page 74: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Economic Development Strategy

• UCSF as Mission Bay economic driver

• SF’s 2nd largest employer

• Perennial leader in NIH funding w success in technology spin-offs

• Needed new campus—considering 3 sites

• Catellus and City donated 43 acres for 2.65 MM square foot campus— “loss leader”

• UCSF purchased 14 acres for 550 bed hospital

Page 75: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Economic Development Strategy

• UCSF as “magnet” for biotechnology cluster

• 4.5 MM sf of private commercial development

• 31,000 new permanent jobs = 5.6% of ALL SF jobs

• High paying jobs at all skill levels

• Heart of SF Technology corridor

Page 76: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

10 Years of Progress

Page 77: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

UCSF Campus • 5 Research buildings

completed—1 million sq ft

• Campus Community Center

• Campus housing

• Hospital- construction in 2010

Page 78: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Private Commercial Development to Date

• 7 projects totaling 1.5 million sf

• Most development through a large biotech REIT

• CIRM (CA Stem Cell Institute), Fibrogen, Celgene, Nektar, Gap, are major tenants

• City policies help support biotech—limited tax breaks

• Successful multi level training for jobs

• City aggressively pursues technology/biotech tenants

Page 79: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Page 80: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Public Private Partnership

Public Inputs

• Public financing for infrastructure (but capped to new value of MB development)

• Land

• State investments in UCSF

• Leadership—for entitlements and implementation

Private Inputs

• Land

• At risk investments in entitlements and horizontal development

• Development expertise

Page 81: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Elements of Success— • Private/political/institutional will

• Political and economic feasibility

• Public-private partnership

• Alignment of interests in each other’s progress

• Public financing supports infrastructure and affordable housing

• Location – bayfront & downtown—and transit

• Ballpark and UCSF as “drivers”

• Market forces: “nimble” land use plan

• Developer-driven flexibility

• Streamlined entitlement/design review process

Page 82: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Current issue—infrastructure funding to keep development moving

• Costs much higher than expected

• Funding from “tax increment” limited by pace of vertical construction

• Need to ensure sites are ready for development

• Secured-- $2.5 million Federal + $4.7 million State “stimulus” funds

• Pending--$85 million in Federal applications, including $35 million TIGER II grant

Page 83: Beyond Sticks and Bricks

MISSION BAY

San Francisco Redevelopment Agency

Page 84: Beyond Sticks and Bricks

Beyond Sticks and Bricks: Projects Producing

Structural Economic Change

Friday,

October 15

9:15 a.m. – 10:30 a.m.

Page 85: Beyond Sticks and Bricks

The “Science City”

Life Sciences Cluster Vision – Plan – Execution

Montgomery County, MD October 2010

Page 86: Beyond Sticks and Bricks

Maryland Regional Context Map

A “World Class” Life Sciences Cluster

Page 87: Beyond Sticks and Bricks

Great Seneca Science Corridor Master Plan

Key Land Use Elements of the “Science City” Plan:

Mixed Use Density at New Transit Stations

Page 88: Beyond Sticks and Bricks

2010 Great Seneca Science Corridor (GSSC)

Master Plan: Key Facts

Approved 2010 Master Plan

Commercial (sf) 17,500,000

Dwelling units 9,000

Jobs 80,0001 – 100,0002

Zoning Mixed Use

Size 900 Acres

Note 1: Full time jobs within the County

Note 2: Full time jobs within the State

Page 89: Beyond Sticks and Bricks

Three Objectives for the “Science City”

A New BioScience Community advancing

Health for the World

Advancing Health, Science and Education The pre-eminent Biotech Center in the US and the World

Attracting the “Best and Brightest”

Fostering Collaboration across Government,

Higher Education and Industry 80,000-100,000 science based jobs and support positions over the next 30 years

Great Place to Live, Learn,Work and Play Dynamic mix of residential, commercial, recreational, cultural uses

Transit Oriented, smart growth, green sustainable design

Page 90: Beyond Sticks and Bricks

Developing the “Science City”

Life Sciences Cluster

Three Stages

Stage 1: Creating the Vision 2005-2010 Creating (and advancing) the Land Use Vision

Creating (and advancing) the Economic Development Vision

Stage 2: Developing the Plan 2006-2010 Developing the Land Use Plan

Developing the Economic Development Plan

Stage 3: Executing the Plan 2010-2030 Building Out the Land Use Plan

Implementing the Economic Development Plan

Page 91: Beyond Sticks and Bricks

Asia’s “World Class” Campuses % GDP in R&D and Scale

and Transit Oriented with Mixed Uses

Biopolis – Singapore – 12 m sf

New Songdo City – South Korea – 60 m sf

Vedanta – India - 52 m sf

Guangzhou – China – 100 m sf

Page 92: Beyond Sticks and Bricks

Life Sciences Cluster Research

Lessons Learned

A “World Class” Applied Science Community includes:

Green & Smart Growth: Transit Oriented Development

An Active Mix of Uses: Work and Live and Play

Employees: Lively Environment to Attract the Creative Class

Scale: Global Competitors Run from 12 to 100 M sf

Density: Research is a Contact Sport=Tall Bldgs/Avoid Isolation

IT Platform: Informatics Driven Discoveries = Supercomputing

Long Term Federal Support: Increase % GDP to Research

Managed Collaborations: Electronic and People Networks

(Entrepreneurs, Collaboration Managers & Private Capital)

Speed To Market: Asia = 10 year Build Outs vs US Local Planning

Page 93: Beyond Sticks and Bricks

Montgomery County’s Economic Development Plan

to Advance and Commercialize Applied Life Sciences

Page 94: Beyond Sticks and Bricks

Enhance

regulatory decision

making

Opportunities

presented by

science

Improve

patient care

Expedite drug

development

process

FDA NIH

PUBLIC INDUSTRY

PARTNERING

FOR THE

PUBLIC HEALTH

Federal – University – Industry Collaboration

Fostering Inter-Discipline Inter-Sector Collaboration

Page 95: Beyond Sticks and Bricks

Montgomery County’s Applied Research Triangle Within Maryland’s Life Sciences Research Cluster

The Collaboration Model in Montgomery County Federal Labs & the GSSC Portal Commercializing

the Region’s Applied Life Science Assets

Page 96: Beyond Sticks and Bricks

EDUCATION: 4,000+ part-time graduate students in:

Bloomberg School of Public Health

Carey Business School

Krieger School of Arts & Sciences

School of Education

Whiting School of Engineering

The Collaboration & Commercialization Model at Hopkins MCC

NON-PROFITS

STAND-ALONE COMPANIES:

RESEARCH CENTERS:

Federal Labs

Page 97: Beyond Sticks and Bricks

GSSC Economic Development Benefits for

Montgomery County

The “Science City” to generate, over the next 20 years*:

84,000 new annual full and part time science related jobs

(60,000 within the Shady Grove Life Sciences Center)

$11 billion in annual goods and services for businesses

$176 million in annual County tax revenues

* Sage Policy Group Draft Vision 2030 Economic Impact Analysis, June,2008

Page 98: Beyond Sticks and Bricks

GSSC Economic Development Benefits for

the State of Maryland

The “Science City” to generate, over the next 20 years*:

101,000 new annual full and part time science related jobs

$13 billion in annual goods and services for businesses

$322 million in annual State tax revenues

* Sage Policy Group Draft Vision 2030 Economic Impact Analysis, June,2008

Page 99: Beyond Sticks and Bricks

For additional information

Please Contact:

David McDonough

Johns Hopkins Real Estate

[email protected]

Page 100: Beyond Sticks and Bricks

Beyond Sticks and Bricks: Projects Producing

Structural Economic Change

Friday,

October 15

9:15 a.m. – 10:30 a.m.