HUDSON YARDS PROJECT. G r e g K e l l y P r e s i d e n t a n d C E O, U. S., C e n t r a l a n d S o u t h A m e r i c a

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HUDSON YARDS PROJECT

G r e g K e l l y

P r e s i d e n t a n d C E O ,

U . S . , C e n t r a l a n d S o u t h A m e r i c a

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NEW YORK GREW TO BECOME A WORLD CAPITAL

G R O W T H V S . O T H E R U . S . C I T I E S

City

Population

1800 1900 Today

New York City 60,515 3,802,000 8,405,837

Philadelphia 41,220 1,293,697 1,526,006

Boston 24,937 560,892 692,824

Baltimore 26,514 508,957 620,961

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LEGACY OF TRANSPORTATION INVESTMENT

H O W W E G O T T H E R E

Erie Canal Subway Airports Toll Roads

The Port

1824

1825

1904

1939

1954

“The railroad is not expected to be all that New York City should have, but it is hoped to be but a beginning of a comprehensive, engineered system such as the future generation of New Yorkers and the inevitable growth of the city will require.”

General William Barclay Parsons

Robert Moses Fiorello LaGuardia General Parsons

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THE WEST SIDE STORY

D E V E L O P M E N T H A S E V O L V E D – B Y N E I G H B O R H O O D

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WEST SIDE STORY

D E V E L O P M E N T - M I D T O W N

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WEST SIDE STORY

D E V E L O P M E N T – E A S T S I D E

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WEST SIDE STORY

D E V E L O P M E N T – W E S T S I D E

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ECONOMIC COMPARISONS

 Far West Side lags behind the rest of Manhattan across a range of indicators:

 Low residential

 Low commercial

 More low end uses

W E S T S I D E S T O R Y

Measures HY/CC area Rest of Manhattan

Residential density

(units per acre) 24 59

Commercial office density

(commercial sq. ft. per acre) 11,953 31,976

Retail space density

(retail sq. ft. per acre) 34 112

Garage/storage space density

(sq. ft. per acre) 8,757 4,707

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 Existing facilities and routes do not provide adequate

transit service to support Far West Side redevelopment

 Area west of Tenth Avenue is too far from the majority of transit services

ROOT CAUSE – POOR TRANSPORTATION

34^th Street Penn Station 10 min walk

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 Failed to stimulate development as the

transportation deficiency was not addressed

EARLY INITIATIVES 1970s

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 The Far West Side is the “next frontier for development in Manhattan”

 “If Midtown West captures its historic share of projected development, 45

million square feet of office space will be needed by 2025”

 New high end office space – for

“creative” technology and

communications entrepreneurs – needs a dense urban environment, mass

transit…

1990’S CITY PLANNING INITIATIVE

T H E V I S I O N

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 Provide Mass Transit Access

 Rezoning to achieve higher density

 Create a West Side destination (Stadium)

 Innovative financial model

CITY PLANNING INITIATIVE – OUR EARLY ENGAGEMENT

2 0 0 2 A C T I O N P L A N F O R F A R W E S T S I D E

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 Extend a subway line to the West Side

 Rezone the neighborhood

 Value Capture development to fund the Investment

• Allows for more than 40 million square feet of mixed-used

development

• 24 million square feet of Class A office development

• 13,500 new apartments

AT THE FOREFRONT OF PLANNING AND ENGINEERING

2 0 0 2 A C T I O N P L A N F O R F A R W E S T S I D E

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 7,000 foot tunnel extension

 Two subway stops (10

^th

Ave and W 34

^th

Street Station)

 Extension to 26

^th

Street

OUR ROLE AS TRANSPORTATION PLANNERS

T H E S U B W A Y L I N K A G E

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EXTENDING THE SUBWAY

E N G I N E E R I N G C H A L L E N G E S

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A Series of Firsts

First NYC TIF Transit Project ($2.4B)

− Underpinned Investment Analysis for Prospective Investors

− Transit Oriented Development

− Transit Facilities Integrated into High Rise

Commercial Development

− Engineering Feats as Lead Designer

• Tunnel threaded through NYC’s

most dense infrastructure development

• Manhattan’s first subway expansion completed in nearly 80 years

• Inclined elevators to save cost

• 21^st century train control

• Innovative application of construction technologies such as ground freezing

EXTENDING THE SUBWAY

34^th Street Jacob

Javits Expansion

NYCDEP 3^rd Water Tunnel 7 Entrance Tunnel

7 Exit Tunnel

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CONCEPTUAL CROSS SECTION

TOP OF ROCK CASING PIPE

INSULATION/

HEAT TRACKING

FREEZE ZONE

EXTENDING THE SUBWAY

Ground Freezing

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34

^TH

STREET STATION

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CITY PLANNING ACTIONS

T H E L A N D U S E P L A N

Area of Proposed Action

Proposed No. 7 Subway Alignment

Proposed No. 7 Subway Stations

Potential Future East- West Connector

42^nd Street

34^th Street

Residential Mixed-Use Commercial

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N O . 7 L I N E E X T E N S I O N A N D B U I L D - O U T

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HELPING CREATE THE NEW NEIGHBORHOOD

D E V E L O P M E N T U N D E R W A Y

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THE BUILD-OUT

O U R F O O T P R I N T

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 MEP and Structural

Engineering Collaboration:

•

Building over the Number 7 Subway line

•

Coordination of MTA codes and requirements

•

No basement level presented issues for the building’s utility systems and fuel oil storage

•

Placement of structural loads over the subway system line

THE BUILD-OUT

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THE BUILD-OUT

2 1^{S T} C E N T U R Y L I V I N G A N D W O R K I N G

520 West 22

^nd

Street

Client: Albanese Organization Architect: Cook + Fox Architects Size: 175,000 sf commercial/retail building along the High Line park designed to LEED Platinum standards.

Completion: 2014

520 West 41

^st

Street

Client: Silverstein Properties Architect: Renzo Piano Design Workshop

Size: 1,700,000 sf, 1,400 unit residential rental towers pursuing LEED certification Completion: On-going

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CITY PLANNING OPEN SPACE PLAN

M A X I M I Z I N G P U B L I C L A N D S

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OUR CONTINUED ENGAGEMENT

H U D S O N P A R K A N D B O U L E V A R D

Mid block boulevard

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THE WEST SIDE’S CONTRIBUTION TO GROWTH

F E E S E A R N E D

Project Fee

No. 7 Line Extension $150M

217 West 57

^th

Street $2.7 M

Mid-Block Boulevard $2.1 M

105-111 West 57

^th

Street $1.8 M

Hudson Yards – Tower D $1.5 M

55 Hudson Yards – 49 Story Office Building $1.5M

462-470 11

^th

Ave $0.5M

3 Hudson Boulevard $0.4M

338 West 36

^th

Street $0.2M

Total $160M

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FUTURE WEST SIDE OPPORTUNITIES

P I P E L I N E

Project

10

^th

Ave Station

Subway Extension Future Buildings Gateway

Port Authority Bus Terminal Mid-Block Boulevard

High Line Optimization

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NEW YORK AS A WORLD CAPITAL

G R O W T H V S . O T H E R C I T I E S

1800 1900 Today % increase

New York City 60,515 3,802,000 8,405,837 13,790%

“The Giant Vortex, The City of Firsts”

First:

Multi-Modal Transportation Sky Scraper

Department Stores

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QUESTION

PERIOD

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