Jinyu (Michelle) Chen Matt Curcuru Susanna Domosi Jennifer Gallino - - PowerPoint PPT Presentation

Jinyu (Michelle) Chen Matt Curcuru Susanna Domosi Jennifer Gallino Romina Trieshi Collin Wittmann

Project Objectives 2 Market Analysis 3 Project Overview 6 Phases 3 & 4 9 Financial Analysis 20 Traffic Infrastructure 25 Sustainability 27 Historic Preservation 29

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Environmental Sustainability Economic Growth Increase Employment Education Flexible Infrastructure Historic Preservation Improve Traffic Flow Weather Resiliency 1 8 7 6 5 4 3 2 2

Project Objectives

Project Objectives

Market Analysis

Gap between supply and demand for retail in a 20-30 min. radius

Expected number of adults to visit restaurants in a 10 minute radius

Market Analysis

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75,746

Expected number of adults to exercise in a 10 minute radius

$1.3 BN

Expected amount of money spent on health expenditures for the year in a 10 min. radius

$6.0 BN 233,858

ESRI Report: 10 mins, 20 mins, 30 mins drive ratio

Market Analysis

Market Analysis

Population: 1,474,897 Expected Growth: 0.2% Household Income: $59,043 Expected Growth: 4.86% Employees: 723,785 Median Age: 36

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32.95% 29.9% 24.6% 10.1% Hispanic White Black Asian

Data USA Report 2016

Kearny Point

Hudson & Essex County Demographics (2016)

Comparable Analysis

Overview Property Location Total sf (M) Lot Size (Acres)

Brooklyn Navy Yard Brooklyn,NY 2.0 225 Industry City Brooklyn, NY 2.0 35 Brooklyn Army Terminal Brooklyn, NY 0.5 98 Philadelphia Navy Yard Philadelphia, PA 7.5 1200 Bell Works Holmdel, NJ 2.0 473 Ambler Yards Ambler, PA 0.3 26 Spring House Lower Gwynedd Township, PA 0.6 133

Urban Suburban

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Market Analysis

Qualified Opportunity Funds Job and Educational Opportunities Class A and LEED Gold certified Flood Prevention Industrial Architectural Design Integrated Historic Narrative

Project Overview

6 1 6 5 4 3 2

Project Overview

Project Overview

• Phase 3: 70% Floor Area Ratio

Building A: Grocery, General Merchandise, Wholesaler Building L: Medical Facilities, Fitness, Pharmacy, Healthfood

• Phase 4: 25% Floor Area Ratio

Buildings 1-6 Office, Retail, Restaurants, Hotel

3 4

Project Overview

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Project Overview

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Open layout Living walls Loft offices Tenant lounge areas Shared conference space Smart windows Common Spaces High Speed Internet Flex space (versatile space catered towards variety of different tenants) Large glass facade mixed with industrial design for maximum sunlight Access to outdoor roof deck Childcare Service oriented retail: Sweetgreen, Chipotle Vegan and vegetarian food options

Building Amenities

Project Overview

• High Demand in health sector
• High proportion of women in industry

170,000 SF available land | 360,000 SF gross space

Building A: Medical and Fitness Hub 3 Stories | 60,000 SF | Trapezoid Layout Building L: Retail & Wholesalers 2 Stories | 300,000 SF | L-Shaped Structure

Phase 3: Building A and Building L

9 A L

• Significant demand for retail
• Job opportunities for underrepresented

population

• Mixed-use diversifies development risk

Phase 3: Building A and Building L

Phase 4 - Overview

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Phase 4

Six Commercial Buildings Office Space

Size Option

Restaurant / Retail

High Demand Turnstyle Underground Marketplace Fast Casual, Casual Dining, Premium Casual

Hotel

Limited Service 250 Keys

Stacking Plan - Phase 4

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Phase 4

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Phase 4

Phase 4 - Buildings 1 and 2

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790,000 SF available land | 120,000 SF gross space

Building 2 2 Stories | 60,000 SF | Rooftop Recreation

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• Overlook Hackensack River
• Versatile rooftops

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Building 1 2 Stories | 60,000 SF | Rooftop Vineyard

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Phase 4: Building 1 and Building 2

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Phase 4

Phase 4 - Buildings 1 and 2

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790,000 SF available land | 120,000 SF gross space

Building 2 2 Stories | 60,000 SF | Rooftop Recreation

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• Overlook Hackensack River
• Versatile rooftops

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Building 1 2 Stories | 60,000 SF | Rooftop Vineyard

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Phase 4: Building 1 and Building 2

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Phase 4

Phase 4 - Buildings 3 and 4

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790,000 SF available land | 230,000 SF gross space

Building 3 4 Stories | 115,000 SF | Bee Apiary

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Building 4 4 Stories | 115,000 SF | Vertical Farming

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• High demand for restaurant
• High demand for retail
• Brooklyn Grange

Phase 4: Building 3 and Building 4

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Phase 4

Phase 4 - Buildings 5 and 6

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790,000 SF available land | 250,000 SF gross space

Building 5 5 Stories | 170,000 SF | Hotel

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Building 6 5 Stories | 80,000 SF | Fitness

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• Limited service
• Number of Keys - 250
• Multipurpose - bowling, rockwall, pool
• Restaurant - health food
• Daycare

Phase 4: Building 5 and Building 6

Financial Analysis - Revenue Assumption Schedule

Calculation is based on LoopNet (online marketplace for commercial property website) and estimations

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Financial Analysis

Financial Analysis - Phase 3 Revenue Schedule

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Financial Analysis

Financial Analysis - Phase 4 Revenue Schedule

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Financial Analysis

Financial Analysis - Hard Cost Schedule

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Financial Analysis

Financial Analysis - Summary

Total Gross Rental Income/Revenue=$24,242,760 Total Hard Cost Schedule = $205,800,000 $205,800,000 $24,242,706

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= 9 Years

Financial Analysis

Transportation Infrastructure

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Transportation Infrastructure

Public bike rentals Pedestrian walking roads and green enjoyable space Road lights equipped with electric car chargers Electric minitrams or electric minibuses

Green Transportation Infrastructure

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Transportation Infrastructure

Green Infrastructure and Sustainability

Air Cleaning Facade SMART Windows Vertical Farming and Bee Apiaries Priority Parking for Hybrid and Electric Vehicles Smart Building Technology Visible Recycling Solar Panels Buildings will be LEED Gold Certified

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Sustainability

Water Resilience

Wetlands will absorb and gently release stormwater Wetlands that are low enough to fill with water twice a day during high tides Use bioswales to concentrate or remove debris and pollution out of surface runoff water

Hunter’s Point South Park, Long Island City

Sustainability

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Historic Preservation

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Historic preservation as integrated narrative

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Historic Preservation

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Rehabilitation of existing infrastructure

Ship-shaped bronze plaques

• n the building’s facades

Install “Links” across multiple locations