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 on One Liberty Plaza January 23, 2020

Office Anchor Strategy (Queens) Information Session Agenda Project Overview  Procurement  Question-and-Answer  Next Steps  Office Anchor Strategy (Queens) Information Session 2

Office Anchor Strategy (Queens) Project Overview | Procurement | Question-and-Answer | Next Steps The City of New York leases over 22M 22M S SF of  com ommerc rcia ial re real e l estate for its operations The City is an exper erienc nced ed, c credit-wort orthy  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 outer er-bor orou ough 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 3

Office Anchor Strategy (Queens) Project Overview | Procurement | Question-and-Answer | Next Steps 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 od-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 4

Office Anchor Strategy (Queens) Project Overview | Procurement | Question-and-Answer | Next Steps Pr Project E t Elements ts City N Need eeds In Queens, with a preference for Downtown Location Jamaica; must have proximity to mass transit New or significantly improved commercial Building Specs development; under control by respondent; can an b be buil ilt as as-of of-right ht ~55,000 carpetable square feet for City Leased Premises offices Lease Term 20+ years Target Goal: Non-City tenants to account Non-City Space ~50% of rentable SF Office Anchor Strategy (Queens) Information Session 5

Office Anchor Strategy (Queens) Project Overview | Procurement | Question-and-Answer | Next Steps Propo posal C Compone nent nts Detai tails Completed Lease Term Sheet • Template included in RFP • Description of type/size of building(s); breakdown of proposed uses Project Description • Tenanting plan • Development plan • Respondent description • M/WBE Program Plan, HireNYC Hiring and Workforce Programs obligation, proposed wages for building workers Statement of Agreement Language included in RFP • Office Anchor Strategy (Queens) Information Session 6

Office Anchor Strategy (Queens) Project Overview | Procurement | Question-and-Answer | Next Steps Ev Evalu luatio ion Cr n Crit iteria ia Detai tails Completeness and Quality of • Quality of proposal and documentation Proposal • Respondent representations • Strength of proposed Lease Term Sheet • Quality of the proposed project Lease & Project • Feasibility of the proposed project • Responsiveness to RFP goals • Experience developing, managing and/or leasing commercial buildings Respondent’s Qualifications and • Understanding of local market Experience • Financial capacity to execute project • Emerging developers/ non-profit partners • Competitiveness of M/WBE Plan and Hiring and Workforce Programs proposed wages for building workers • HireNYC commitment Office Anchor Strategy (Queens) Information Session 7

Office Anchor Strategy (Queens) Project Overview | Procurement | Question-and-Answer | Next Steps December 2 20: RFP R Released Febru ruary ry 1 18: Answers to questions Apr pril 16 16: Resp sponse ses d due December 2025 December 2019 January 2020 February 2020 March 2020 April 2020 Responses accepted January 2 Ja 23: Information Session January 3 Ja 31: Deadline for questions Move-in complete for City Tenant Office Anchor Strategy (Queens) Information Session 8

Office Anchor Strategy (Queens) Project Overview | Procurement | Question-and-Answer | Next Steps Qu Question ons? Office Anchor Strategy (Queens) Information Session 9

Office Anchor Strategy (Queens) Project Overview | Procurement | Question-and-Answer | Next Steps 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  Office Anchor Strategy (Queens) Information Session 10