Team NY: Final Presentation

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Team NY: Final Presentation

  1. 1. GUDCN Y C
  2. 2. 46 - 08 5 Street
  3. 3. N
  4. 4. • •• •• •• •• •• •• ••• •••••••• •• •• •• •• •••••
  5. 5. N
  6. 6. Inclusionary Housing Program •+bonus • • • • Public plaza building bonus •
  7. 7. C B A N
  8. 8. PHASE 1 PHASE 2 C C B B A AN N
  9. 9. B A C N
  10. 10. N
  11. 11. /
  12. 12. N
  13. 13. N
  14. 14. N
  15. 15. •••
  16. 16. After further structural and architectural investigation, wemight produce a timeline similar this one for the constructionof Fordham’s campus in Lincoln Center
  17. 17. •••
  18. 18. •••
  19. 19. •••
  20. 20. •••
  21. 21. •••
  22. 22. KINGSBRIDGE ARMORY,West 195th Street-from an warehouse to shopping mall-area: 575 000 sqf-investment: $310 mio Cost: $530 per sqfCity lowered the purchase price of theproperty from $20 mio to $5 mio
  23. 23. NYC PUBLIC LIBRARY,42nd Street-renovation of an existing program-area: 541 200 sqf-investment: $300 mio Cost: $554 per sqfCity donated $150 mio
  24. 24. RECENT RESIDENTIALDEVELOPMENT,Chelsea Area-new residential development-area: 299,200 sqf-investment: $169,4 mio Cost: $566 per sqf
  25. 25. AVERAGE DEVELOPMENT PRICESwww.rsmeans.com-new office development-average price Cost: $228,24 per sqf
  26. 26. The IRT Powerhouse Building163 204 sq.ft. $ - negotiable1 West End Avenue Plot126 000 sq.ft. $10,8 mioWest 59th Street Plot52 260 sq.ft. $6,9 mio Cost IC : $17,7 mio
  27. 27. West Avenue Office Building 400 000 sq.ft. $92 mio Stanford Building 440 000 sq.ft $162,9 mio West 60th Str Office Building 250 000 sq.ft. $57,5 mio West 59th Str Residence 300 000 sq.ft. $168 mio Joe DiMagio Hwy Residence 200 000 sq.ft. $112 mio The IRT Powerhouse 250 000 sq.ft. $137,5 mio Underground Parking 92 000 sq.ft. $21,2 mioTOTAL IC (Investment Cost) $751,3 mio
  28. 28. Plot purchase178 260 sq.ft. $21,6 mioStanford Building440 000 sq.ftStudent and Professor HousingFaculty Office,Administration Office,Studio,Laboratories,Design groups,Roof Top Park $162,9 mioUnderground Parking34 500 sq.ft. $7,9 mio TOTAL IC $192,4mio
  29. 29. Predicted scenarios in year 2023 The best scenarioBussines as ussual Going to Phase II. – expansion to the Powerhouse-Constant mortgage rate-Local approval-Agreement with the NYC about thePowerhouse renovation-Equivalent sponsor funding to Stanford CA Expanding within the existing building, renting less-Popularity among students space, the Powerhouse remains empty MediumPredicted risks Occupying only one building partially, renting the-High mortgage rate unused spce , no expansion to the Powerhouse-Local disapproval-No agreement with the NYC about thePowerhouse renovation-Lack of sponsor funding-Unpopularity among students Selling the building and the plot The worst scenario
  30. 30. The IRT Powerhouse250 000 sq.ft.Sport Facility,Library, Galleries,Restaurants,Bars,Show Rooms,Classrooms,Lecture Halls,Dinning Facility,Fitness,Technical Museum. $137,5 mioUnderground Parking57 500 sq.ft. $13,2 mio TOTAL IC $150,7 mio
  31. 31. Predicted scenarios in year 2028Bussines as ussual The best scenario-Constant mortgage rate Searching partners for further development of the-Local approval area-Equivalent sponsor funding to Stanford LA-Popularity among students-Predicted costs for Powerhouse renewal Reducing the program within the Powerhouse, renting the space for retail and searching partners Medium for further development of the areaPossible risks-High mortgage rate-Local disapproval-Lack of sponsor funding-Unpopularity among students-Powerhouse renewal expenses to high to bare Redrawall from the lease or selling the Powerhouse, possible closure of Stanford NYC The worst scenario
  32. 32. West Avenue Office Building400 000 sq.ft.Office $92 mio TOTAL IC $92 mio
  33. 33. West 60th Str Office Building250 000 sq.ft.Office $57,5 mioWest 59th Str Residence300 000 sq.ft.Residential $168 mio TOTAL IC $220,5 mio
  34. 34. Joe DiMagio Hwy Residence200 000 sq.ft.Residential $112 mio TOTAL IC $112 mio
  35. 35. West Avenue Office Building400 000 sq.ft. $92 mioStanford Building440 000 sq.ft $162,9 mioWest 60th Str Office Building250 000 sq.ft. $57,5 mioWest 59th Str Residence300 000 sq.ft. $168 mioJoe DiMagio Hwy Residence200 000 sq.ft. $112 mioThe IRT Powerhouse250 000 sq.ft. $137,5 mioUnderground Parking92 000 sq.ft. Stanford investment $330,7 mio $21,2 mio Partnership investment $438,3 mioPlot Value341 464 sq.ft. TOTAL IC $769,0 mio $17,7 mio
  36. 36. To present the Stanford NYC campus as aproject that will leave a positive print in the city’s history as well as in people’s lives.
  37. 37. Leave a print!
  38. 38. •••••• • • • • • • •
  39. 39. ••••••
  40. 40. GUDCN Y C

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