I am technology, innovation, art, service, community, food ......is replenishing and is...

I am technology, innovation, art, service, community, food, creative, resilient, neighbor, visitor, retail, law, investment, leadership, downtown.

2 / Alliance for Downtown New York, Inc

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I AM DOWNTOWNMeet some of the people whose accomplishments, conviction and vision have made Lower Manhattan

into a model of a dynamic, mixed-use, 21st Century business district. Their stories are emblematic

of the many communities that make up our one larger community, and their experiences

demonstrate how Lower Manhattan thrives, adapts and changes. The Alliance for Downtown

New York works every day to nourish the dynamism they provide.

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CONTENTS

p.4 leadership entrepreneur

creative investment

finance law

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THE ALLIANCE FOR DOWNTOWN NEW YORK FINANCIAL STATEMENTS

BOARD OF DIRECTORS & STAFF

CREDITSp.33 p.34 p.36

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innovation community

neighbors

visitors

arts & education

retail

resilient

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NAME LAST

From the beaver pelt trade to tall ships

moving goods through the harbor to the

great halls of finance and the digital world

remaking every corner of our community

and economy, Lower Manhattan has been

the place where dreamers, entrepreneurs

and innovators come to reimagine

the world.

We want to introduce you to some of

the people whose energy, enterprise and

dedication have made Lower Manhattan

into a model of a dynamic, mixed-use,

21st Century business district.

In these pages you’ll meet Heather

Teegarden, who recently opened two

new small businesses, and Alexa and

James Hirschfeld, who are relocating

to Lower Manhattan to grow their

nationally known brand.

You will also meet Fabio Doti and

Jamie Lee, who met and married on

Stone Street and are putting down roots

in what is one of New York City’s most

vibrant residential neighborhoods. We

will introduce you to Dwayne Jacobs, Carl

Homward and Rosa Ellis, our “Red Coats”

who clean and patrol the streets, serving

leadershipA Message From The Chairman And The President

ROBERT DOUGLASS, Chairman ELIZABETH BERGER, President

2012 ADNY Annual Report / 5

the 312,000 people who work in Lower Manhattan,

60,000 local residents and more than 11 million

annual visitors.

And, you will also meet people of indomitable

spirit like Martin Snow of Trinity Boxing Club

and Kevin Hoo of Savanna and learn their stories

of rebuilding and reinvesting in Lower Manhattan

after Superstorm Sandy.

Though Sandy hit parts of Lower Manhattan hard

in late October, we escaped the worst of the storm.

A number of us suffered, but all of us pulled together

and came back stronger than ever. Just three weeks

after Sandy struck, the Alliance launched the Back

to Business Grant Program, offering grants of up to

$20,000 to eligible small businesses working to get

back on their feet after the storm. Four months later,

by February of 2013, Lower Manhattan was back to

business: 99 percent of office space and residential

inventory was open; 96 percent of hotel inventory

was back in use and 90 percent of retailers were

again selling their wares according to a Downtown

Alliance survey.

Lower Manhattan has the biggest buildings on the

smallest streets; it’s an internationally known tour-

ist destination and the “capital of capital”; it is also a

tight-knit residential community where little leagues,

primary schools and institutions of higher education

flourish; it’s home to some of the city’s oldest firms

and a destination for cutting edge technology and

media companies.

Over the last decade, the communities surrounding

Lower Manhattan have seen an influx of educated

young and mid-career adults. The subway and PATH-

connected neighborhoods of Manhattan, Brooklyn and

cities along New Jersey’s Hudson River waterfront are

burgeoning with high value knowledge workers.

Our recent Brain Gain report showed that Lower

Manhattan is the crossroads for this vast pool of

regional talent. This nexus is advancing downtown

as a premier business address for both established

and emerging creative and technology companies

who want to attract the best and brightest.

Accessibility is a big part of the reason they come.

The 2010 census shows that nine out of ten of the great-

er metropolitan area’s fastest-growing communities are

on subway and PATH lines. As a result, some 577,000

creative and professional workers now live within a

30-minute walk or ride of Lower Manhattan—more

than in Long Island, Westchester and the Hudson Valley,

Southern Connecticut, or the rest of New York City.

The Downtown Alliance is in the forefront of promoting

business, tourism, investment and residential growth in

Lower Manhattan. We produce and distribute millions

of pieces of literature about the district’s businesses,

attractions and economic and demographic trends

for business users and consumers alike.

Our information kiosks served more than 800,000

visitors this last year. Our free bus service, the

Downtown Connection, serves nearly 900,000 riders

a year and is a critical link in Lower Manhattan’s

multi-modal transportation chain and our information

rich website attracts more than 375,000 visits every

twelve months.

We are not alone in our bullishness about Lower

Manhattan. New York City and State offer an array

of incentives that are designed to attract and retain

businesses here. Of recent note, New York City’s

Economic Development Corporation launched the

Take the H.E.L.M. competition, awarding $1.25 million

in lease subsidies to “innovation companies” relocating

or expanding in Lower Manhattan. We welcome the

winners to Lower Manhattan’s growing and diverse

mix of companies, 8,500 at last count.

This annual report chronicles what we love most about

Lower Manhattan, and what we hope our work is all

about: the people who renew our community with

their resilience, resourcefulness and verve.

Of course, we could not do any of this without the

leadership and inspiration of our Board, or the hard

work of our staff of passionate professionals. They too

inspire us -- and make us proud.

Elizabeth Berger

President

Robert Douglass

Chairman


When Heather Teegarden was searching for a place

to open her Blue Spoon Coffee café and coffee shop

in 2005, she was drawn to Lower Manhattan for

affordability as well as the vibrancy of a rapidly

changing neighborhood.

“You could feel that it was coming back,” says

Teegarden, who took over a storefront at 76 Chambers

Street and opened a coffee bar that serves sandwiches,

salads, baked goods, soups, panini and lots more.

“It’s become a little community that keeps growing

and changing.”

That’s for sure.

Lower Manhattan is abuzz with entrepreneurial energy.

There are 1,061 storefront establishments in Lower

Manhattan. Among them are 450 restaurants and

bars and 76 new retailers that opened in 2012.

As a service to the district’s 312,000 daily workers,

60,000 residents and more than 11 million tourists,

the Downtown Alliance produces a widely distributed

dining and shopping guide packed with ideas

for places to go and things to do. There’s also its

information packed website that was visited by more

than 375,000 web surfers this past year looking for

tips and insights about Lower Manhattan. The site

features a regularly updated blog, Lower Manhattan

Diary, that helps promote and market downtown.

With its comprehensive calendar, popular “Lights

On” entries that feature new retailers and interviews

with local business people and performing artists

appearing in the area, DowntownNY.com is a one

stop source to learn all about what’s going on

with small businesses in Lower Manhattan, and

much more.

Among the hundreds of new businesses that have

opened in the years since Teegarden set up shop,

are nationally known chains like Whole Foods and

smaller chains such as Le Pain Quotidien, Aroma

Espresso Bar and Baked by Melissa.

“It’s amazing how many small businesses keep

opening up down here,” Teegarden says.

Teegarden comes from a family of entrepreneurs.

Her parents operated a house cleaning business.

Their success and independence inspired her.

She studied marketing at the University of Florida,

borrowed some money and Blue Spoon was born.

Asked why she opened a shop like Blue Spoon, she

exclaims: “I just love coffee…the first year was tough.

It was just me and my two brothers. We opened it in

the morning, closed it at night and did everything

ourselves in between.”

They steadily established a customer base and

she eventually hired some employees—she now

has 11—and does a brisk business at her original

Chambers Street location as well as at her new ven-

ture on William Street, selling Intelligentsia Coffee

and sandwiches and panini served on bread from

Balthazar Bakery.

Lower Manhattan is a community of distinct

neighborhoods. Teegarden offers that the Cham-

bers Street location caters to a clientele made up of

workers from nearby state and city agencies and the

second store at 90 William Street, a cozy little nook

with stools and counter space for customers who

want to linger, serves many in the finance and cre-

ative industries. The ceilings there are tin, the music

is soothing and the décor is – what else? — blue.

entrepreneurHEATHER TEEGARDEN Owner of Blue Spoon Coffee Co.


“It’s amazing how many

small businesses keep

opening up down here.”

in annual spending power from Lower Manhattan residents, workers and overnight hotel guests

$5.1“There’s definitely a different feel to each cafe; a different vibe,”

she says.

Both outposts of the Blue Spoon draw from the district’s growing

ranks of locals that make Lower Manhattan a live/work community.

44 percent of local residents have reported that they also work in

Lower Manhattan.

Despite her success, Teegarden says there are no immediate plans

to open a third store – but if she does, it would be downtown.

“Right now, two is enough,” she laughs. “We are very focused on

growing the William Street business. This is a great community

and I’m staying.”


creative

When casting around to build a

multi-platform media business

that would be both cutting edge

and long-lasting, entrepreneur

David Liu landed on a focus

that is timeless and touches

almost everyone: weddings.

“It’s a $70 billion industry that

is replenishing and is recession-

proof,” says Liu, who, along

with his wife, Carley Roney,

founded and run XO Group,

a web, publishing, and stream-

ing television conglomerate

that has 650 employees and

whose lifestyle brand is not

only an internationally known

resource for weddings, but also

Growth of College-Educated Adults in a 30-Minute Commute Area Around Lower Manhattan

CARLEY RONEY & DAVID LIU Co - founders of XO Group


engagements, marriage, newlyweds, pregnancy

and parenting.

“We are definitely the authority on all things wedding,”

says Liu, whose websites and magazines also bear

such telling titles as “The Knot,” The Bump,” and

“The Nest.”

“I always tell people that having a wedding is

like putting on a Broadway show, but you have to

feed your audience,” he says. “There are hundreds

of decisions to make, from tuxedos and gowns to

flowers and jewelry and food and music. We guide

our clients through all of that.”

The company started in 1996, when, Liu says,

the “tech industry in New York was really nascent.”

Its first home was a vacant loft “surrounded by

sweatshops.” Soon, XO expanded to satellite offices

around the city. Finally, in 2009, with the company

“bursting at the seams,” Liu and Roney started looking

for a place to house all of their operations.

Their choice: Lower Manhattan.

“One of the most attractive things about Lower

Manhattan is the convenience of transportation,”

Liu says. “Another great thing is the growing number

of other creative professionals who are opening

their businesses down here.”

That’s for sure. As part of its comprehensive

research function, in October of 2012, the

Downtown Alliance compared 2010 U.S. Census

Bureau data to 2000. The result? A powerful study,

the Brain Gain, that found that over the past 10

years, more and more young, educated workers

in professional and creative fields live within an easy,

30-minute public transportation commute to

Lower Manhattan.

“High-value knowledge workers are opting out of

the suburban lifestyle in Long Island, Westchester

and the Hudson Valley and Southern Connecticut,”

the report noted. Instead, those workers favor urban

living and shorter commutes “via subway, PATH,

ferry, bike and foot in communities that surround

the Lower Manhattan business district.”

Among the report’s key findings:

• The area within a 30-minute commute of

Lower Manhattan leads the region’s growth

of college-educated adults ages 35 to 44.

• More information sector workers live in

Greenpoint and Williamsburg— a 20-minute

commute to Lower Manhattan—than in

Greenwich, Darien and New Cannan, Connecti-

cut. More people in professional services live

in the Jersey City area—15 minutes to Lower

Manhattan—than in Huntington and Melville,

Long Island. And more FIRE sector workers

live between the East Village and Chinatown–

8 minutes to Lower Manhattan—than between

White Plains and Hastings-on-Hudson.

• At more than 557,000, the 2010 population of

creative and professional workers living within

a 30-minute commute of Lower Manhattan

outranked Long Island (298,000), Westchester

and the Hudson Valley (226,000), Southern

Connecticut (211,000) and the rest of New York

City (457,000).

None of this comes as a surprise to Liu and Roney.

“The building we are in has a lot of advertising

agencies and other creative businesses,” Liu says.

“It’s just amazing how much energy there is down here

and how much cultural diversity. It’s just a great place.”


When Superstorm Sandy blew into New York – uninvited and

unwelcome – it swept through parts of Lower Manhattan, flooding

some buildings and shutting a number of businesses. But while

the storm created challenges for a portion of the district’s 312,000

workers, 1,061 storefront businesses and 60,000 residents, most of

Lower Manhattan was up and running, quickly, and the rest was

almost completely back to business within four months.

A Downtown Alliance report, Back to Business: The State of

Lower Manhattan Four Months After Hurricane Sandy, found that

by February 2013, some 99% of commercial office buildings and

residential inventory were open; 96% of hotel space was open and 90%

of retailers were back in business. It also found that many property

owners were not only rebuilding, but also reinvesting downtown.

“Investments in building infrastructure go beyond restoration to the

pre-Sandy status quo,” the report found. “Forward-thinking property

owners and utility companies are spending hundreds of millions of

dollars in enhanced resiliency measures designed to mitigate the

damage and disruption that could come from future storms.”

For example, Savanna, a New York City-based institutional real

estate private equity firm whose holdings include major buildings

at 100 Wall Street and 80 Broad Street with a combined space of

nearly 1 million square feet.

“We suffered significant damage – much of it not covered by

insurance – but we decided not only to stay downtown, but to

invest even more down here,” says Kevin Hoo, a Savanna Vice

President who manages the firm’s portfolio.

investment

of commercial offices are back to business after Superstorm Sandy

99%

of office space is open for business

84MILLIONSQ. FT

KEVIN HOO Vice President at Savanna


“We and a lot of the other major property owners

here made a conscious decision to harden our

buildings as protection against another storm like

Sandy,” he says.

For one thing, Savanna decided to move all of

its electrical switch gear and telecommunications

equipment to the second floor of its buildings to

keep it dry and keep the electrical and communica-

tions systems running.

“The utility companies have worked very hard to

get things back online,” he says.” Verizon, for

example, has done a tremendous job fiberizing the

system and replacing the old copper lines.” Verizon

says Lower Manhattan now has the most advanced

fiber-optic network in the nation.

Other major property owners like SL Green Realty

Corporation, Rudin Management, and Brookfield

Properties made similar large investments to get

Lower Manhattan humming again and keep

it humming.

“Our community of investors – middle- to upper-

tier – has made those changes,” Hoo says, “that

will not only benefit the big companies, but also

the majority of small companies and businesses

that support the large ones, and it will help make

Lower Manhattan home to cultural, financial

and social media institutions.”

“The ingredients are all there to get this area all

the way back. It’s happening quickly now and

will begin happening even faster in no time.”


finance

Deals by Industry Signed in 2012

of office space in Lower Manhattan is occupied by financial, insurance, & real estate firms

45%

Photo taken at the Museum of

American Finance, New York City.


In recent years Lower Manhattan has become

home to hundreds of new companies, scores of new

restaurants and bars and thousands of new residents,

but make no mistake about it: Lower Manhattan is

still the Capital of Capital.

Perhaps Stanley Grayson, a former Deputy Mayor,

Port Authority Vice-Chairman and current COO of

M.R. Beal & Company, an investment bank, knows

that better than anyone.

“Lower Manhattan has been and continues to be an

important center of the financial world,” Grayson

says. “It is a dynamic place and is in a constant state

of change, but a great many of the companies there

will continue to be financial, insurance and real

estate (FIRE).”

More than half of lower Manhattan’s Top 30 largest

tenants are FIRE companies and FIRE accounts for

45% of office occupancy in Lower Manhattan.

Financial and professional services continue to

be Lower Manhattan’s signature industries. Some

of the world’s largest and most prominent firms

make Lower Manhattan home: American Express,

Goldman, Sachs & Co, JPMorgan Chase, Deutsche

Bank, Bank of New York Mellon, American

International Group and Standard & Poor’s.

Two big reasons for that, Grayson says, are

transportation and affordability.

“One of the big advantages Lower Manhattan has is

its links to mass transit,” he says. Lower Manhattan

is blessed with an unsurpassed bi-state, multi-modal

transit network consisting of twelve subway lines,

thirty bus routes, the PATH to New Jersey, six ferry

landings, bikeways, and walk-to-work options. The

network already serves more than 91 million riders

annually, and it will soon take a dramatic step

forward with the completion of Fulton Center in

2014, and the World Trade Center Transportation

Hub in 2015.

As Grayson says, “Everything runs through

Lower Manhattan.”

And then there’s affordability.

“When you look at the cost of property and

rentals, Lower Manhattan is very attractive in

terms of affordability,” Grayson says. “There’s

definitely a growth in top-tier properties.”

Lower Manhattan has 85.3 million square feet

of office space between Chambers Street and the

Battery and a commercial vacancy rate under 10

percent. 8,484 firms call Downtown home, and

among those who have signed leases in the last two

years, are financial firms OppenheimerFunds, New

York Life Insurance Company, Morgan Stanley and

the Investment Technology Group.

Grayson says Lower Manhattan enjoys a great

buzz and has the kind of profile that will continue

to attract “captains of industry” and their companies.

The Downtown Alliance does its part to maintain

that image through year-round promotion and

marketing to both investors and consumers. We

produce over 2 million pieces of literature about

Lower Manhattan to keep that buzz humming and

provide the area with an array of services to keep it

clean, safe and hospitable for workers, residents and

tourists alike.

Grayson says it’s hard to determine what sector will

be next to drive the area’s economic engine, but

he predicted health care, the housing market and

higher education should be factors.

“One thing is certain,” he says. “it will keep growing.”

STANLEY GRAYSON Chief Operating Officer of M.R. Beal & Company


Legal and professional services have been a pillar of Lower Manhattan’s business

community since the city’s earliest days – and that’s true today more than ever.

The intellectual property law firm Kenyon & Kenyon opened its doors in

Lower Manhattan in 1879, when Rutherford B. Hayes was President of the

United States and Edward Cooper was Mayor of New York City.

Today, some 37,715 employees make up the sector. Professional services firms

represent 14 percent of office occupancy in the district and, perhaps most

tellingly, 29 percent of the firms relocating to Lower Manhattan since 2005.

Michael Loughnane is a managing partner at Kenyon & Kenyon, based at 1

Broadway, whose rooftop view provides a panoramic vantage point for many

of Lower Manhattan’s most iconic landmarks: from the harbor and the Battery

up Broadway’s Canyon of Heroes.

law

Kenyon & Kenyon 1879

Milbank, Tweed, Hadley & McCloy LLP 1866

Emmet, Marvin & Martin 1805

Sullivan & Cromwell 1879

Hawkins Delafield & Wood, LLP 1854

MICHAEL LOUGHNANE Managing Partner at Kenyon & Kenyon, LLP


In his wide-ranging practice, Loughnane has litigated patents in fields ranging from

pharmaceuticals to the environmental industry. He also provides guidance to clients

introducing new products to the market, a labyrinthine legal endeavor under even the

best circumstances.

To stay competitive, the firm employs attorneys who have technical degrees in fields such

as engineering and the biomedical sciences, and who have conducted original research in

a variety of emerging fields like genetics, chemical engeineeing, and nanotechnology.

“As technologies become more advanced, new patents are filed, and new companies

are formed, it is important for Kenyon to keep on top of those developing industries and

companies,” he said. “Research plays an integral role in being aware of the latest developments.”

Central to its own mission, the Downtown Alliance maintains a robust research function.

The Alliance is the go-to resource for information about Lower Manhattan. The data

produced by the Alliance supplies everyone from real estate brokers to educators to

small business owners with the information they need to make wise decisions in a fast

changing marketplace.

The Alliance regularly reports on the residential and commercial real estate, hotel, and

retail markets as well as economic and demographic trends. It also conducts in-depth

studies of planning and economic development issues important to the future of the district.

The Alliance uses this data to promote Lower Manhattan to investors, businesses and the

hospitality industry at conferences such as ICSC, South by Southwest and International

Pow Wow. The information the Alliance provides can mean the difference between a business

extending its weekend hours, a tour operator creating downtown itineraries or a

new technology firm choosing to relocate to Lower Manhattan.

In the last year, the Alliance also created several specialized reports. Back to Business:

The State of Lower Manhattan Four Months After Hurricane Sandy showed that 99 percent

of commercial office buildings and residential inventory were open, and 90 percent of retailers

were open, proving that the area was swiftly “back in the game” and ready to move forward.

Another report, The Brain Gain, described how the region’s shifting demographics are favoring

the Lower Manhattan business district. It showed that over the last decade, Lower Manhattan

has become the geographic center for the region’s vast pool of high-value, knowledge workers.

“It has been an exciting time to be a part of the Lower Manhattan community,” Loughnane

said. “With the addition of new technology companies, the growing residential and real

estate market, and the highly anticipated opening of One World Trade Center, the area is in

a great position of strength to attract new businesses - and for those businesses to attract

the strongest employees.”

Kenyon & Kenyon 1879

Sullivan & Cromwell 1879

Wilmer Hale 2012


innovation

In many ways, Paperless Post, a fast-growing

digital company, symbolizes the growing influx

of tech companies moving into Lower Manhattan.

It began with a creative, cutting-edge idea, found

investors who were keen to support companies

trying to transform the area into Silicon Alley and

are relocating to turn that vision into reality.

“Lower Manhattan is the most beautiful, affordable

and dynamic place in the city to start a business,

build a business and live,” says James Hirshfeld, who

co-founded the company with his sister, Alexa, in

April 2009 and built it from a sibling owned and

operated business into one that employs 58 people

and is adding new staff with every passing month.

Paperless Post is a design-focused company that

produces beautifully illustrated electronic greeting

cards and invitations, and has taken the online card

business to a higher level.

“A lot of the ones that were available five or six years

ago just weren’t very sophisticated-looking,” he says.

“It was the right time to create a platform like this.”

ALEXA HIRSCHFELD & JAMES HIRSCHFELD Co-founders of Paperless Post


As the demand grew, the company flourished. Recently, some customers

had a new demand: printed invitations on paper, to supplement the

digital ones. So Paperless Post teamed up with stationery and card

maker Crane & Co. last October to offer both options.

In its four years of existence, Paperless Post has built an audience

of 2 million users, and its customers have sent over 75 million user-

generated cards. That quick success and growth led the Hirschfelds

to realize they needed more space than what they had in their present

office —a loft building on W. 25th Street.

Downtown beckoned with its easy accessibility, compelling office space

with light and versatile floor plates and growing community of like-

minded entrepreneurs. The company not only found an ideal place to

move into on lower Broadway, but won a $250,000 Take the H.E.L.M.

(Hire + Expand in Lower Manhattan) grant offered by the city’s Economic

Development Corporation to attract high-growth industries to the area.

Paperless Post was among five winners of the H.E.L.M. award from more

than 300 applicants who want to relocate or expand their operations

below Chambers Street.

Lower Manhattan is already home more than to 400 technology

companies employing an estimated 12,000 workers. And it’s not only

emerging or mid-sized technology companies that are making the move

downtown. The next several years will see publishing titans Condé Nast

and Harper Collins make Lower Manhattan their homes.

The Alliance recently convened a committee, chaired by board member

Bill Rudin, to develop strategies to harness the enormous potential of

the tech sector in Lower Manhattan. Drawing stakeholders and opinion

leaders from the technology and real estate industries together, this group

is developing an agenda to nourish and spread the word about the robust

technology community taking root downtown.

Hirschfeld says just as Paperless Post is an idea right for its time,

relocating to Lower Manhattan is the right move for his company—and

many other startups.

“Tons of investment capital is coming into New York City, not just locally

but also from Silicon Valley in California,” he says. “We are on the brink

of a large wave of tech companies coming downtown. The time is right.”

in office space taken in Lower Manhattan by relocating creative and technology firms since 2005

3MILLION S Q .FT


Things are definitely alive at the Hive at 55!

Started by the Downtown Alliance more than three years

ago – with a boost from the New York City Economic

Development Corporation – this innovative co-working

space is all the buzz among freelancers, startup entrepreneurs,

and others who want to work in an atmosphere that

marries the advantages of collegiality and networking

with independence and affordability.

“More than 520 people have worked at the Hive since

we opened in December of 2009,” says Daria Siegel, the

driving force behind the Hive and a Downtown Alliance

employee. “There definitely was a need for something like

the Hive back then; there were only a handful of communal

workspaces in the country and just one in Manhattan.”

Siegel said the Hive was conceived to “serve this new trend

in the workforce – small businesses and entrepreneurs who

had been working from home or places like Starbucks and

wanted the experience of working with others without the

noise of people ordering lattes.”

Siegel says the Hive has room for 40 people in a large

room and three private offices. There are tiered monthly

membership plans: $75 for three visits; $175 for eight

visits; $225 for 12 visits; $300 for Mondays through

Fridays, and $450 for 24/7 all on a month to month,

no commitment basis.

“We offer a productive working atmosphere and a place

to bring a client or colleague – not to mention free coffee

and tea,” she says with a smile. “If you drink a lot of tea

and coffee, that alone makes up the cost of membership.”

The idea for the Hive began as a recommendation in the

Alliance’s June 2009 report of the Committee on Economic

Revitalization, chaired by Robert Douglass, to support and

communityDARIA SIEGEL Hive at 55 Director 523

8,000 350 Events

held with

attendees

People have worked at the Hive


enable “new ways of working.” Like 55 Broad

Street, the building in which the Hive is housed,

the Alliance has long been in the tech vanguard.

Starting in late 1990’s with the Plug “n” Go program

to help attract new, small information-technology

businesses to the Wall Street area to its present tech

marketing initiative and the Hive itself, the Alliance

has been an incubator of innovative thinking about

what it takes to foster a tech community in

Lower Manhattan.

“The Hive has just really taken off,” Siegel says.

Members include writers, freelance journalists,

lawyers, designers, accountants, small tech

companies, and various startup businesses.

“The members lean toward the tech side—I’d say

about 80% are tech—but it’s anybody who is highly

mobile and can work from a laptop and cell phone,”

Siegel adds. “And there’s this great dynamic between

the members that can lead to networking, innovation

and business opportunities.”

One of the Hive’s biggest success stories, Siegel says,

is Shopkeep.com, an iPad point-of-sale system

that has turned into a multi-million dollar business

under founder – and former Hive at 55 member—

Jason Richelson.

“It was great to watch his business idea bloom,” Siegel

says. “They started in a small space here at the Hive.

Then he was able to hire a programmer and other

employees. At first, he just moved next door. He’s still

in the building but now his space is as big as the Hive.”

As the Hive grew, it began offering skill training,

workshops, seminars and networking get-togethers.

“We’ve hosted thousands of people at these events,”

Siegel says proudly.

“It was amazing to work on this idea in theory and

then one day walk into this space and watch it expand

and help so many people grow their business. As the

Hive continues to thrive we are trying to expand our

services, serve more members and contribute to the

larger tech eco-system throughout New York City.”


As someone who’s been around boxing most of

his life, Martin Snow has taken some heavy blows,

but nothing hit him and his Trinity Boxing Club

like Superstorm Sandy.

“We took four feet of water in the basement,”

Snow says from ringside in his boxing gym at 110

Greenwich St., as aspiring fighters pounded the

heavy bags. “It shut me down completely for a week.

The power was out and I had no idea what to do.”

That’s where the Downtown Alliance came in.

On November 19, three weeks after Sandy

struck, the Alliance launched its Back to Business

grant program, offering awards of up to $20,000

to businesses in Flood Zone A south of Chambers

Street with fewer then 50 employees and gross

revenues of $5 million or less. Small businesses

are essential pieces of the fabric of Lower Manhattan

and central to the mission of the Downtown Alliance.

The grant program was an efficient, timely, and

transparent means to provide crucial capital to

small businesses struggling with damage, inventory

loss and the need to ensure business continuity.

The first grants were announced on December 18.

Contributors to the fund included Goldman,

Sachs & Co, Trinity Church, Citibank, The Durst

Organization, The Howard Hughes Corp., AT&T

New York, Deutsche Bank Americas Foundation,

CBRE, The FiDi Association, Platinum Properties

and Cushman & Wakefield.

By mid-February, the Alliance had made $1,217,965

in grants to 85 small businesses, and $370,948 in

deferred awards to another 20 that will get the

money when they reopen.

The $20,000 grant couldn’t have come at a better

time for Trinity Boxing Club.

“It was a lifesaver,” says Snow, who opened his gym

in May 2004. “We got some flood insurance money,

but that didn’t come close to covering everything.

We lost weights, cardio equipment. Then the hot

water heater went.”

Snow says Michelle Henry of the Downtown

Alliance guided him through the grant process.

“She helped with the bureaucracy and paperwork,”

Snow says. “It wasn’t some big free money giveaway.

They looked at your business to see what you needed.

They were diligent, but fair…it gave us a big boost

psychologically, too. You felt like somebody cared.”

Snow brought his 15 employees back quickly.

Among the fighters who train at the gym is

WBO Middleweight World Champion Peter

(Kid Chocolate) Quillin.

“It took time to get back into the swing of things,”

Snow says. “We had hundreds of members, and

lots of them worked or lived down here. They had

to relocate for a while, but many of them eventually

came back.

“This is becoming a great little community. Sure, it’s

the financial capital of the world, but it’s all the little

businesses and neighbors down here who make it

special. Most of us hung tough and we’re staying.”

resilientMARTIN SNOW Trinity Boxing Club NYC

in grants made by the Dowtown Alliance to small businesses after Superstorm Sandy

$1,588,913


“You felt like somebody cared.”


arts & education

Jorge Cacheiro has always been drawn to places that are redefining what

they are, reimagining what they could be. The chair of Pace University’s

Performing Arts Department in the Dyson College of Arts and Sciences,

Cacheiro originally came to New York, a city that embodies the

visionary spirit, from Cuba.

He’s traveled the country and globe as an actor, director and businessman.

At Pace, he’s been no less busy. Perhaps it’s his enterprising immigrant

nature, he muses, but he loves being able to redefine his department here

and make it a national destination.

And there is no better place to do that than Lower Manhattan.

“It’s a very sympatico relationship,” he says. “The energy in the

community feeds us.”

Part of that energy comes from the more than 50,000 students at

institutions of higher learning in Lower Manhattan. In addition to Pace

and Borough of Manhattan Community College, universities from NYU

and The New School to St. John’s to City College’s Center for Worker

Education have departments or satellite facilities in Lower Manhattan.

The district is also home to 12 pre-schools and 20 public and private

schools serving children in grades K-12.

While Cacheiro reimagines his program at Pace with an expanding

set of degree offerings, including Bachelor of Arts degrees in commercial

dance, acting, directing, and design, the Downtown Alliance is reimagining

what large scale art and design projects can do to mitigate construction

and otherwise enliven the public realm, starting with Re:Construction.

Launched in 2007, Re:Construction leveraged a $1.5 million grant

from the Lower Manhattan Development Corporation to transform

the pedestrian environment around construction sites from the Battery

to Houston Street with visual amenities and complement that

initiative with a temporary signage and wayfinding system south

of Chambers Street. The project was a groundbreaking collaboration

of artists, curators, building owners and business people that recast

construction sites as large-scale canvases for public art.

50,000college and graduate students studying in Lower Manhattan

JORGE CACHEIRO Chair of Pace University’s Performing Arts Department in the Dyson College of Arts and Sciences


Some of the 37 Re:Construction projects include

Walking Man 99TM in which the “walking man”

figure—familiar to pedestrians in a variety of forms

in cities around the world—colorfully covers a long

expanse of Church Street. Best Pedestrian Route,

a winner of a 2008 AIA design award, was a dynamic

rethinking of what a construction walkway could

be, and an untitled 400-foot mural created by multi-

media artist Dzine, turned the parapet wall of a

construction fence at 200 West Street into a dazzling

expanse of vivid colors, patterns and textures.

Another of the Re:Construction projects is

WardWalk, an illuminated design installation in

the Battery Garage and its pedestrian pass-through.

WardWalk is both art and a guide to the best route

for people walking east and west between Battery Park

City through Greenwich South to the Financial District.

Re:Construction was an innovative approach to

constrcution mitigation. The Canyon of Heroes

project honors Lower Manhattan’s more than 100-

year history of ticker-tape parades in two different

ways. The Alliance has embedded 205 black granite

markers noting each celebration into Broadway’s

sidewalks along the mile-long Canyon of Heroes

and, the Alliance also installs bold, information-rich

window treatments in vacant space along the Canyon

of Heroes route to tell the stories of those honored

with those unique lower Broadway experiences.

The Temporary Storefront Art Program animates

Lower Manhattan history, improves the pedestrian

experience and helps market retail space. The program

was piloted in late August 2012 on the construction

scaffold and two vacant storefront windows of the

Woolworth Building. The newest images appear on

the façade of 180 Broadway, soon to be a Pace dorm,

and feature images of famous American adventurers

and aviators.

With new construction, major public works projects

and the redevelopment of existing buildings, the

Lower Manhattan streetscape is always renewing

itself, including the William Street building that

houses Pace’s newly renovated Performing Arts

Department which opened in early 2013.

“This has been by far the most exciting landscape in

which to build the program,” he says. “All these things

that are going on are reflected by the human energy

of the place. To be an academic institution that

belongs to this community is incredibly exciting.”


When you say “Lower Manhattan,” many people reply:

“Oh, I love to go shopping at Century 21.”

And that’s just fine with Betty Cohen, Director of

Corporate Relations and Government Affairs for

Century 21, a landmark Lower Manhattan institution

that’s been a remarkable success since it opened its

doors more than 50 years ago.

“Downtown has this special character, and so does

Century 21,” Cohen says. “When we opened, it was in

what is now the men’s shoe store. Over the years, we

bought up other buildings and just grew and grew.”

And, Cohen says proudly while juggling multiple

phone calls, “We just added 60,000 square feet of

space and three new floors. We are remodeling

everything. We spread everything out to make it

a nicer, easier shopping experience.”

While the Gindi family business has expanded

over the years to include stores on Long Island,

New Jersey, Brooklyn and Queens, its heart

remains downtown.

“This neighborhood has become a Mecca of its own,”

she says. “You want to go to a vibrant hub, and

Lower Manhattan is the most vibrant spot in the city.

Everybody wants to shop here.”

And lots of other retailers want to be here, too.

Downtown Alliance statistics bear the attractiveness

of the market out. The annual spending power of the

Lower Manhattan market is $5.1 billion and Lower

Manhattan’s 60,000 residents have an average

household income of $193,000.

retailBETTY COHEN Director Corporate Relations & Government Affairs, Century 21


Among the thousand plus retailers who serve the downtown market are

J&R Music and Computer World. Trinity Place Department Store, Jos A.

Bank, Hermés, Tiffany, Coach, Tumi, Thomas Pink, Sephora and BMW.

And, four major projects that will bring 980,000 square feet in new or

redeveloped retail space are coming to Manhattan south of Chambers

Street by 2015.

Brookfield Properties is undertaking a $250 million renovation and

expansion of dining and shopping at the World Financial Center—renamed

Brookfield Place. Plans call for more than 40 high-end fashion shops, 15

casual dining spots, six signature restaurants and a 25,000-square-foot

gourmet food marketplace in a retail complex that will grow to more than

200,000 square feet.

Westfield Group’s new Westfield World Trade Center will have 350,000

square feet of retail by 2015. The complex will feature 150 global brands

across five levels, centered in and around the World Trade Center Transpor-

tation Hub. Westfield will develop another 90,000 square feet of retail in

2 World Trade Center when that building is completed.

The Fulton Center will be a 21st century transit station which acknowledges

that Lower Manhattan is at the center of a regional, multi-modal transpor-

tation network, making it our own “Grand Central.” The Center will have

multiple stories of retail that will connect the complex to the district’s 12

subway lines and PATH service to New Jersey. Expected to open in mid-

2014, the Center will serve 300,000 customers daily and integrate shopping

and dining into the passenger experience. Fulton Center wil provide a

critical connection linking Lower Manhattan east to west, river to river.

Pier 17 at the South Street Seaport is about to be completely transformed

by the Howard Hughes Corporation. The new glass clad building set to

start construction in the fall of 2013 will house 365,000 square feet of

destination stores, restaurants and neighborhood shops. The new Pier

will also have an open rooftop with 40 percent more open space than

exists today.

And no one is more excited about all this than Cohen.

“We welcome them all,” she says. “We don’t see it as competition.

We see it as a huge opportunity for this area. People are always going

to come downtown to shop at Century 21. Soon they will have many

other places to go as well.”

“I believe that the stronger an area gets, the stronger an area gets.

Growth spurs more growth and downtown is growing!”

of new or redeveloped retail space in Lower Manhattan by 2015

980 THOUSAND

SQ. FT


Fabio Doti and his wife, Jamie Lee, can tick off a

list of things they love about Lower Manhattan:

the great apartment they were able to find, the

growth of a vibrant residential and commercial

community and the growing number of restaurants,

bars and shops, to name a few.

But, Lee says with a big smile, “The most awesome

thing is the Downtown Alliance free bus!”

The Downtown Connection service operates seven

days a week—except Thanksgiving, Christmas and

New Year’s Day—from 10 a.m. to 7:30 p.m., and

makes 37 stops between Battery Park City – where

Jamie and Fabio live – and the South Street Seaport,

including a Warren Street/Murray Street retail loop.

“They are clean and fun and it seems like they keep

coming and coming all day,” she says. “They are

so cool.”

neighborsJAMIE LEE & FABIO DOTI Lower Manhattan Residents


The Downtown Connection buses arrive on average at 10-minute

intervals on weekdays and 15 minutes on the weekend, weather

permitting, and are a welcome addition to the 12 subway lines,

30 bus routes, six ferry terminals and PATH trains which serve

Lower Manhattan.

Of course, the free bus service is just one of the many things figured

in their decision to settle downtown.

“We met down here. We had our first date down here. We got married

down here.” And, she says, rubbing her belly, “I got pregnant down

here, so this neighborhood means a lot to us. We plan to begin raising

our family here.”

It means so much that Fabio, who came here from his native Italy

shortly before they met in 2007, opened the Fabio Doti hair salon

on Exchange Place.

“At first, my customers were mainly from Wall Street, and they went

home to New Jersey or Brooklyn, so I was open only Monday through

Friday,” Doti says. “Now, I open more on the weekends because of all

the new people moving in.”

The numbers certainly bear that out. In 1993, there were 14,000

residents in Lower Manhattan and the population grew slowly to

20,000 by 2000. The population soared to 60,000 residents

last year and is projected to top 61,000 in 2013.

Jamie and Fabio are not alone in their enthusiasm for living in

Lower Manhattan. In a 2010 demographic survey, the Downtown

Alliance asked residents to share the reasons they chose to live in

Lower Manhattan. And here’s what we found: 84 percent of residents

cited the quality of their apartment, 82 percent access to transportation

and 87 percent the overall quality of life to be found downtown.

“Six or seven years ago, everything closed at 10 o’clock at night and

it felt isolated,” Doti says. “Now, with all the restaurants, bars and

new people, things are open later and it feels much more like a real

community…this is a beautiful place to live.”

Lee, who works in the Mayor’s Office in City Hall, agrees. “Now, I think

there are four pools, lots of gyms, parks, playgrounds, and even Whole

Foods and 99-cent stores,” she says.

She says the feeling of community has continued to grow steadily over

the years.

“There is just such a tremendously positive feeling down here,” Lee says.

“You look at all the construction, 1 World Trade Center getting so high

up, and you’re amazed. It is a symbol of what has happened – and all

that has been overcome.”

RESIDENTIAL POPULATION

Residential population in Lower Manhattan has almost quadrupled over the last 20 years.


Berenice Pedoussaut and her family

visited many of Lower Manhattan’s

signature tourist destinations on

their eagerly awaited nine-day trip

to New York City. They got out in

New York harbor for a view of the

Statue of Liberty, visited the 9/11

Memorial and Federal Hall

National Memorial, walked the

length of Wall Street and took some

time to reflect and view the new

World Trade Center towers

reaching tall into the sky.

Along the way, The Pedoussaut

family, including husband Pascal,

daughters Louise, 12 and Camille,

9, and their Uncle Franck, also en-

joyed a variety of foods unique

visitors

11.5

THE PEDOUSSAUT FAMILY Brion Pres Thouet, FranceBr

visited Lower Manhattan in 2012

Photo taken at Federal Hall,

built in 1700, and site of George

Washington’s inauguration as

the first President of the United

States


to the Big Apple, but there was one in particular that

caught the fancy of Camille and Pascal: the famous

New York City hot dog.

Berenice said her family won’t soon forget the

sights, the place, the people—or the food.

“New York for the French people is a dream,” said

Berenice, who hails from Brion Pres Thouet near

Saumur, in the heart of French wine country. “It’s a

long way from home and it seems so incredible to go

to this town.”

The Pedoussaut family is among a growing number

of tourists visiting Lower Manhattan every year.

In 2012, 11.5 million people visited. That represents

an increase of about one million from the previous

year and almost three times the number of visitors

who came to Lower Manhattan a decade ago.

Tourism is important to the Lower Manhattan

economy and many programs and services support

this sector. The winding streets of Lower Manhattan,

monuments and museums, extraordinary harbor

views and waterfront activities, architecture, stores,

restaurants and other attractions, the history and

the future are what make the district one of the city’s

most magnetic destinations.

The Downtown Alliance operates three mobile

information kiosks and a permanent one just north

of the World Trade Center site. The mobile kiosks

are currently deployed in the South Street Seaport,

near Bowling Green Park and just south

of the 9/11 Memorial in Greenwich South.

At each location, visitors can pick up maps, brochures

promoting local restaurants, shops and events and

talk to an Alliance employee who can offer tips

and recommendations as well as walking and

transit directions.

The Alliance’s custom fold-out maps and guides

detail cultural, shopping and historical interests.

The more than one million maps the Alliance

produces are distributed not only at our kiosks but

throughout the metropolitan area at hotels, airports

and local attractions. Maps may also be downloaded

on the Alliance’s website, DowntownNY.com, which

also includes information on parking, events, hotels,

walking tours, and provides the full low down on

what’s happening in Lower Manhattan.

The Alliance is always looking to maximize the

economic development potential of tourism in

Lower Manhattan. We work closely with the city’s

lead tourism and marketing organization NYC &

Company as well as all the many local museums

and the 9/11 Memorial to enrich tourists’ experiences

in New York and introduce them to Lower Manhat-

tan’s fantastic array of retail services and hospitality

resources. The Alliance also showcases Lower

Manhattan at the annual International Pow Wow

conference (a trade show for tourism) and regularly

tells the area’s story to tour operators from around

the world who come here to learn about what the

district offers as a world-class vacation destination.

On the eve of leaving Lower Manhattan, the

Pedoussaut family had just one regret: they wished

they had more time to explore the attractions they

couldn’t get to on this trip. For many visitors, like

the Pedoussauts, one of the biggest challenges of

touring the district is deciding which among the

area’s many compelling sights they have time to see.

“We will all have amazing memories of our trip

and hope someday soon we will all be back. The

buildings are gorgeous,” Berenice said. “We were

surprised by the dimensions and beauty of the

Freedom Tower.” And, she added, “Wall Street

is beautiful.”

Between the taxis and the buildings, she said, it’s

like “we are in a movie.”


service

If you think the more than 130 men and women who

wear the red-and-black uniforms of the Downtown

Alliance operations team are everywhere, you’re right.

Starting at 5 a.m., the Alliance’s sanitation workers are

out in force cleaning the sidewalks and emptying the

garbage cans long before most people arrive for work.

Shortly before 9:30 a.m., the free Downtown Connection

bus drivers start revving up their engines.

And, of course, security is 24/7.

“We basically all watch out for each other and for all

the people who, work or go sightseeing down here,”

says Rosa Ellis, a supervisor for the Alliance’s public

safety team.

Every day, the Alliance sanitation staff is busy servicing

all 400 trash receptacles in the district, relining them

with plastic bags to prevent trash overflow. “It’s crazy out

there, mostly on Saturday and Monday mornings,” says

Sanitation Supervisor Carl Homward, noting the heavy

weekend business at area bars and restaurants. They

bagged more than 1,400 tons of trash in 2012.

The Sanitation Program got a big boost in that

department a year ago, when the Alliance introduced

“Big Belly” solar compacting trash cans – with 16 of them

strategically placed in well-traveled areas downtown.

“That was one of the greatest ideas ever,” Homward says.

The cans have solar-powered tops; when garbage reaches

a certain level, the can compacts the trash. GPS phone

chips in the panels tell supervisors when a bag needs to

be replaced.

“Green means empty; yellow means it’s filling up, and

red means it’s full,” he says.

While all this is going on, Dwayne Jacobs, Director

of Transportation Services, oversees the Alliance’s

Downtown Connection free bus service, which serves

nearly 900,000 riders a year.

Its hop-on, hop-off service stretches from northern

Battery Park City to the South Street Seaport, with a

loop through the shopping district on Warren and

Murray Streets.

“It allows people to go to all the retail stores and

supermarkets and it’s accessible to the 4, 5, and 6

trains and City Hall,” Jacobs says. “People really like it.”

The third part of the operations team is public safety,

where Rosa Ellis helps direct the 65 men and women

who patrol the district from Murray Street to the tip of

the island and from the west side of South Street to the

east side of West Street. The Alliance’s public safety staff

work in close partnership with the New York Police

Department to keep the streets safe. Equipped with

guidebooks and maps, they’re also always ready

to offer directions and friendly advice to neighborhood

visitors, return a lost cellphone or wallet or reunite a

lost child with concerned parents. And, though Lower

Manhattan does not have a large homeless population,

the Downtown Alliance public safety team provides

a helping hand as needed. The Alliance and Trinity

Church partner with the Bowery Residents Committee

(BRC) homeless outreach services to supplement the

work of the City’s Department of Homeless Services.

“We have about 40 people out there at the height of the

day,” Ellis says. “We make sure the area is safe, we give

directions to tourists, we find lost children, you name it.”

They are unarmed, so they call the NYPD if there is a

dangerous situation. The public safety team works with

the local precinct by providing descriptions, identifying

suspects and keeping the public out of harm’s way.

“We are the eyes and ears of Wall Street,” Ellis

says proudly.

CARL HOMWARD, Sanitation Supervisor DWAYNE JACOBS, Director of Transportation ROSA ELLIS, Public Safety Supervisor

tons of trash bagged in 2012

1,400


“We basically all watch out for each other and for all the people who work or go sightseeing down here.”


STATEMENTS OF ACTIVITIES

Support and Revenues

Assessment Revenues

Other Revenues

Total Revenues

Expenses

Public Safety

Sanitation

Promotion and Marketing

Economic Development

Transportation

Social Services

Management and General

Fundraising

Total Expenses

Excess Revenues over Expenses

STATEMENTS OF FINANCIAL POSITION

Assets

Cash and Cash Equivalents

Accounts Receivable

Investments

Property and Equipment

Other Assets

Total Assets

Liabilities and Net Assets

Liabilities

Total Net Assets

Total Liabilities and Net Assets

June 30, 2012

13,000,000

3,323,243

$16,323,243

3,123,129

4,505,482

2,794,783

2,123,720

1,912,156

707,152

1,561,349

17,612

$16,745,383

($422,140)

5,980,537

525,091

0

108,996

363,318

$6,977,942

978,563

5,999,379

$6,977,942

June 30, 2011

12,991,328

3,682,331

$16,673,659

3,243,344

4,256,453

3,374,135

2,243,655

1,891,087

758,055

1,486,716

79,977

$17,333,426

($659,767)

5,380,514

1,552,465

0

134,271

276,492

$7,343,742

922,223

6,421,519

$7,343,742

Amounts are summarized from the audited financial statements provided by Skody Scot & Company, CPAs, dated October 15, 2012.

The Alliance for Downtown New York Financial Statements


Robert R. Douglass, ChairmanMilbank, Tweed, Hadley & McCloy LLP

Hon. Michael R. BloombergMayor, City of New York

David J. ArenaJPMorgan Chase

Peter BrausLee & Associates NYC

Harry BridgwoodNew Water Street Corporation

Mark E. BrooksAmerican International Group, Inc.

Hon. Margaret S. ChinCity Council Member

Betty CohenCentury 21 Department Stores

John V. Connorton, Jr.Hawkins Delafield & Wood LLP

Charles C. DoregoGlenwood Management Corporation

K. Thomas ElghanayanTF Cornerstone

David. V. FowlerBank of New York Mellon

Rachelle FriedmanJ&R Music and Computer World

Stephen J. FriedmanPace University

Timur GalenGoldman, Sachs & Co.

Robert J. Giuffra, Jr.Sullivan & Cromwell

Stanley E. GraysonM.R. Beal & Company

Francis J. GreenburgerTime Equities, Inc.

Catherine McVay Hughes Community Board 1

Thomas M. HughesResident Representative

Richard T. KennedyCushman & Wakefield, Inc.

Stephen LefkowitzFried, Frank, Harris, Shriver & Jacobson LLP

Janno LieberWorld Trade Center Properties LLC

Hon. John C. LiuComptroller, City of New York

Reverand Canon Anne MalloneeTrinity Wall Street

Ross F. MoskowitzStroock & Stroock & Lavan LLP

Cherrie NanningaCBRE, Inc.

Dr. Antonio PerezBorough of Manhattan Community College

Peter PoulakakosHarry’s Steak and Cafe

Mitchell RudinBrookfield Office Properties

William C. RudinRudin Management Company, Inc.

Frank J. SciameF.J. Sciame Construction Company Inc.

Alan M. ScottDeutsche Bank

Michael SkidmoreSkidmore Associates, Inc

Allan G. SperlingCleary, Gottlieb, Steen & Hamilton LLP

Hon. Scott M. StringerManhattan Borough President

Kent M. SwigSwig Equities, LLC

Philippe Visser Port Authority of New York & New Jersey

Commissioner Robert W. WalshNYC Department of Small Business Services

Elizabeth H. Berger, President

Daniel AckermanAlison Baumann Elizabeth Berger Adam Bernstein William Bernstein Renee Braunstein Andrew BreslauNancy Cascella Connie ChungMary CliffordNicholas Cotz Thomas Dunn Arlene Egan Margarita Fernando Teresa D. Figario Rebecca Fontanez Daniel GiacomazzaJesse GoldmanJeannie Gonzalez Hans Guillaume David Harvin Sean Hayes Carl Homward Eddie Hudson Dwayne Jacobs Stephanie Jennings Ronald Kearney Michael Ketring Nicole Kolinsky Sameer Kumar Joseph LanaroNicole LaRussoJames McHughBathsheba Parker Roe Pernice Craig Raia Anthony Rivetti Cristina Romano Kelly RushChristine SapienzaJeremy Schneider Jaydene Schreiber Fred Sham Richard SerranoDaria SiegelJoseph TimponeMaria Tirado-Quinones Richard WilkosRon Wolfgang

BOARD OF DIRECTORS STAFF


STAFF

Photography

Page 4:

Page 20:

Page 32:

Writers:

IMAGE CREDITS

Additional Information Provided By:

Information Sources:

PROFILES

All photography by Jennifer May (jennifermay.com) except:

photo by Nicole Kolinsky

photo by Kazio Sosnowski

photo courtesy of Silverstein Properties

Jones Lang LaSalle for the percentage of office space back in operation after Superstorm Sandy.

CB Richard Ellis for commercial transactions and occupancy data by industry.

Cushman & Wakefield for Lower Manhattan commercial inventory and vacancy data.

Audience Research and Analysis for 2012 tourism estimate.

Alliance for Downtown New York, Inc

United States Census Bureau

New York State Department of Labor

Metropolitan Transportation Authority

Stuart Marques Communications, Kelly Rush, Andrew Breslau

ART DIRECTION: ROGERS ECKERSLEY DESIGN

DESIGN: ALLIANCE FOR DOWNTOWN NEW YORK, INC

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