Office Anchor Strategy Queens RFP I P Inform rmat atio ion S - - PowerPoint PPT Presentation

Office Anchor Strategy

Queens

RFP I P Inform rmat atio ion S Session

• n

One Liberty Plaza January 23, 2020

Office Anchor Strategy (Queens)

• Project Overview
• Procurement
• Question-and-Answer
• Next Steps

Information Session Agenda

Office Anchor Strategy (Queens) Information Session 2

Project Overview | Procurement | Question-and-Answer | Next Steps

3

Office Anchor Strategy (Queens)

• The City of New York leases over 22M

22M S SF of com

• mmerc

rcia ial re real e l estate for its operations

• The City is an exper

erienc nced ed, c credit-wort

• rthy

tena nant nt with active leases in every borough

• As leases turn over and needs evolve, the City

is in t the m mark arket for new and significantly improved space

• By leveraging the City’s size and credit-

worthiness as a tenant, the Office Anchor Strategy (OAS) seeks to bring ng i inves estmen ent t to

• uter

er-bor

• rou
• ugh c

commercial l centers rs

• Procurement for first phase of OAS in East

New York generated significant inte terest f t from the d e devel elopmen ent c communi unity

Office Anchor Strategy (Queens) Information Session

Project Overview | Procurement | Question-and-Answer | Next Steps

4

Office Anchor Strategy (Queens)

• This phase of the Office Anchor Strategy initiative serves to:
• Create office and retail space for local b

busi sinesse sses and new c w compa panies

• Catalyze comme

mmercial d developme ment in order to attract and spur sustained investment

• Create good
• d-payi

ying j g jobs and bring permane nent nt i inves estmen ent to the neighborhood and Queens

Office Anchor Strategy (Queens) Information Session

5

Office Anchor Strategy (Queens)

Project Overview | Procurement | Question-and-Answer | Next Steps

Office Anchor Strategy (Queens) Information Session

Pr Project E t Elements ts City N Need eeds

Location

In Queens, with a preference for Downtown Jamaica; must have proximity to mass transit

Building Specs

New or significantly improved commercial development; under control by respondent; can an b be buil ilt as as-of

• f-right

ht

Leased Premises

~55,000 carpetable square feet for City

• ffices

Lease Term

20+ years

Non-City Space

Target Goal: Non-City tenants to account ~50% of rentable SF

6

Office Anchor Strategy (Queens)

Project Overview | Procurement | Question-and-Answer | Next Steps

Office Anchor Strategy (Queens) Information Session

Propo posal C Compone nent nts Detai tails

Completed Lease Term Sheet

• Template included in RFP

Project Description

• Description of type/size of building(s);

breakdown of proposed uses

• Tenanting plan
• Development plan
• Respondent description

Hiring and Workforce Programs

• M/WBE Program Plan, HireNYC
• bligation, proposed wages for building

workers

Statement of Agreement

• Language included in RFP

7

Office Anchor Strategy (Queens)

Project Overview | Procurement | Question-and-Answer | Next Steps

Office Anchor Strategy (Queens) Information Session

Ev Evalu luatio ion Cr n Crit iteria ia Detai tails

Completeness and Quality of Proposal

• Quality of proposal and documentation
• Respondent representations

Lease & Project

• Strength of proposed Lease Term Sheet
• Quality of the proposed project
• Feasibility of the proposed project
• Responsiveness to RFP goals

Respondent’s Qualifications and Experience

• Experience developing, managing

and/or leasing commercial buildings

• Understanding of local market
• Financial capacity to execute project
• Emerging developers/ non-profit

partners

Hiring and Workforce Programs

• Competitiveness of M/WBE Plan and

proposed wages for building workers

• HireNYC commitment

8

Office Anchor Strategy (Queens)

Project Overview | Procurement | Question-and-Answer | Next Steps

December 2 20: RFP R Released Responses accepted Ja January 2 23: Information Session Ja January 3 31: Deadline for questions

January 2020 February 2020 March 2020 April 2020 December 2019

Febru ruary ry 1 18: Answers to questions Apr pril 16 16: Resp sponse ses d due

Office Anchor Strategy (Queens) Information Session

December 2025

Move-in complete for City Tenant

9

Office Anchor Strategy (Queens)

Qu Question

• ns?

Project Overview | Procurement | Question-and-Answer | Next Steps

Office Anchor Strategy (Queens) Information Session

10

Office Anchor Strategy (Queens)

Next S Steps: ps:

• Download and circulate the RFP
• Send questions to the Office Anchor Strategy Queens team at

OAS_QN@edc.ny before January 31, 31, 202 2020 at 5PM PM

• Submit a response before Apr

pril 16, 16, 202 2020 at 4P 4PM Project Overview | Procurement | Question-and-Answer | Next Steps

Office Anchor Strategy (Queens) Information Session