Final presentation:

1. GUDC
N Y C

6. 46 - 08 5 Street

7. N

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19. N

21. Inclusionary Housing Program
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+bonus
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Public plaza building bonus
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25. C
B A
N

27. PHASE 1 PHASE 2
C C
B B
A A
N N

29. B
A C
N

35. N

43. /

45. N

46. N

47. N

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51. After further structural and architectural investigation, we
might produce a timeline similar this one for the construction
of Fordham’s campus in Lincoln Center

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60. KINGSBRIDGE ARMORY,
West 195th Street
-from an warehouse to shopping mall
-area: 575 000 sqf
-investment: $310 mio
Cost: $530 per sqf
City lowered the purchase price of the
property from $20 mio to $5 mio

61. NYC PUBLIC LIBRARY,
42nd Street
-renovation of an existing program
-area: 541 200 sqf
-investment: $300 mio
Cost: $554 per sqf
City donated $150 mio

62. RECENT RESIDENTIAL
DEVELOPMENT,
Chelsea Area
-new residential development
-area: 299,200 sqf
-investment: $169,4 mio
Cost: $566 per sqf

63. AVERAGE DEVELOPMENT PRICES
www.rsmeans.com
-new office development
-average price
Cost: $228,24 per sqf

64. The IRT Powerhouse Building
163 204 sq.ft.
$ - negotiable
1 West End Avenue Plot
126 000 sq.ft.
$10,8 mio
West 59th Street Plot
52 260 sq.ft.
$6,9 mio
Cost IC : $17,7 mio

65. 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 mio
TOTAL IC (Investment Cost) $751,3 mio

67. Plot purchase
178 260 sq.ft.
$21,6 mio
Stanford Building
440 000 sq.ft
Student and Professor Housing
Faculty Office,
Administration Office,
Studio,
Laboratories,
Design groups,
Roof Top Park
$162,9 mio
Underground Parking
34 500 sq.ft.
$7,9 mio
TOTAL IC $192,4mio

68. Predicted scenarios in year 2023
The best scenario
Bussines as ussual Going to Phase II. – expansion to the Powerhouse
-Constant mortgage rate
-Local approval
-Agreement with the NYC about the
Powerhouse renovation
-Equivalent sponsor funding to Stanford CA Expanding within the existing building, renting less
-Popularity among students space, the Powerhouse remains empty
Medium
Predicted 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 the
Powerhouse renovation
-Lack of sponsor funding
-Unpopularity among students Selling the building and the plot
The worst scenario

69. The IRT Powerhouse
250 000 sq.ft.
Sport Facility,
Library, Galleries,
Restaurants,
Bars,
Show Rooms,
Classrooms,
Lecture Halls,
Dinning Facility,
Fitness,
Technical Museum.
$137,5 mio
Underground Parking
57 500 sq.ft.
$13,2 mio
TOTAL IC $150,7 mio

70. Predicted scenarios in year 2028
Bussines 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 area
Possible 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

71. West Avenue Office Building
400 000 sq.ft.
Office
$92 mio
TOTAL IC $92 mio

72. West 60th Str Office Building
250 000 sq.ft.
Office
$57,5 mio
West 59th Str Residence
300 000 sq.ft.
Residential
$168 mio
TOTAL IC $220,5 mio

73. Joe DiMagio Hwy Residence
200 000 sq.ft.
Residential
$112 mio
TOTAL IC $112 mio

74. 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. Stanford investment $330,7 mio
$21,2 mio Partnership investment $438,3 mio
Plot Value
341 464 sq.ft. TOTAL IC $769,0 mio
$17,7 mio

77. To present the Stanford NYC campus as a
project that will leave a positive print in the
city’s history as well as in people’s lives.

80. Leave a print!

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95. GUDC
N Y C