Future City
Version 1.0
       Jonathan Thorpe
SEVP, Gale International, LLC
E-Mail: jthorpe@galeintl.com
Imagine a city…
MASTER PLAN

•   $35 B, 100 M SF development
•   World-class international city
•   1,500 acres; reclaimed waterfront

   ...
Strategic Access to Bridges & Roads
Integration with Subway System
Hub of Northeast Asia– Flight Times
Korean Government Commitments

• Free Economic Zone (FEZ)

• US $10B in infrastructure
  including Incheon International
 ...
Incheon Airport Bridge

•   Completion: October 2009


•   12.3 km/ 7 mile bridge


•   15 minute drive between
    Songdo...
Songdo IBD Land 2004
Songdo IBD 2008
Songdo IBD - 2009
Songdo IBD Master Plan
Master Plan: City of Synergy

•   “Location, Location,
    Location” – we are creating
                                   ...
Create the Location– “Quality of Life”

    1   Golf Course & Community         5   Hotels                                ...
Office: Northeast Asia Trade Tower

•    GFA

     1.6 M SF

•    Project Cost

     $550 M USD

•    Scheduled Completion...
Office: Posco E&C Headquarters

•    GFA

     1.1 M SF

•    Project Cost

     $360 M USD

•    Scheduled Completion

  ...
Retail – Riverstone Mall
•   GFA

    1.5 M SF (1.2 M SF GLA)

•   Project Cost

    $600 M USD

•   Scheduled Completion
...
Residential – First World
Mixed Use/Residential – First World
•   GFA
    4.0 M SF
    (2,700 D.U. in 3.7 M SF
    plus
  ...
Residential – First World
Mixed Use/Residential – Canal Walk
•   GFA
    1.0 M SF
    (445 D.U. in 0.7 M SF
    plus
    0...
Residential – First World
Mixed Use/Residential – Central Park I
•   GFA
    1.5 M SF
    (730 D.U. in 1.3 M SF
    plus
 ...
Hotel –– SheratonHotel at Convensia
 Hotel Sheraton Hotel at Convensia
 •   GFA

     0.4 M SF (325 Rooms)

 •   Project C...
Jack Nicklaus Golf Club of Korea
•   Site Area/Project Description
    234 Acres
    18-Hole Golf Course/179 Villas
    22...
Convensia Convention Center

•   GFA
    0.6 M SF (Phase I)
•   Project Cost
    $150 M USD
•   Completion
    October 200...
SongdoInternational School
Songdo International School
•   GFA
    0.5 M SF
    (K-12, 2,200 students)
•   Project Cost
  ...
Central Park & Canal
•   Site Area
    100 Acres
    (incl. 2,700 U/G parking spaces)

•   Project Cost
    $230 M USD

• ...
Songdo IBD Master Plan
Green Strategies: Value Creation
    Green Development Value

•   Reduce operating & maintenance
    costs

•   Increase b...
Green Strategies: Open & Green Space

•   Master planned environment

•   40% open space; 600 acres

•   100-acre Central ...
Green Strategies: Water

•    Vegetated green roofs
     reduce stormwater runoff &
     mitigate heat island effect

•   ...
Green Strategies: Energy Use

•   At or above ASHRAE standards

•   Central co-generation facility;
    efficient and clea...
Green Strategies: Transportation

•   Integration with subway system

•   Expanded Incheon City bus
    service

•   25 km...
Green Strategies: Material Flows & Recycling
Green Strategies: Material Flows

 •   Target 75% construction waste
     to ...
Green Strategies: City Operations Operations
Green Strategies: Sustainable City

•   Procurement & recycling
    guideline...
Green Strategies: “Intelligent Urbanisation”
 Green Development Value

 •   Partnership with Cisco

 •   First Global Cent...
The Fourth Utility – ITValue
 Green Development Networks
Green Strategies: “Intelligent Urbanisation”

 •   U-Life: citywi...
The Fourth Utility – ITValue
 Green Development Networks
Green Strategies: “Intelligent Urbanisation”

 “The goal is not t...
Songdo IBD Global Parners Partners
Green Strategies: Gale Global
Songdo IBD Development Principles

   RESPECT ESTABLISHED URBAN DESIGN PRECEDENTS

      SUSTAINABLE DESIGN

         FOCU...
Lessons Learned – Future Challenges

   INNOVATION & SUSTAINABLE DESIGN STRATEGIES

      PUBLIC-PRIVATE PARTNERSHIPS

   ...
“Courage Essential…”

“Attempting a mammoth project like that (Songdo) would be a risky venture at

the best of times, let...
World at the Crossroads

•   2008: 50% world population lives in
    urban areas

•   Asian urban population expected to
 ...
Future City
Version 1.1
Meixi Lake, Changsha
Hunan Province, China
G L O B A L   V I S I O N.
Introduction
Gale International is a premier, international real estate developer and investment firm
with decades of expe...
The Site Today

•   23 acres on South Boston’s
    waterfront next to the city’s
    financial district

•   1 million SF ...
Master Plan

•    $3.5 B development project
•    6M SF on 23 acres of land


    Residential          2.5 M SF

    Class...
Massing & Program
G L O B A L   V I S I O N.
World at the Crossroads

•   2008: 51% world population lives in
    urban areas
     –   Asia 1950: 17% Urban

     –   A...
City-Scale Development Principles

    RESPECT ESTABLISHED URBAN DESIGN PRECEDENTS

      SUSTAINABLE DESIGN

          FO...
G L O B A L   V I S I O N.
Jonathan Thorpe, Gale International - Songdo, Future City v1.0
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Jonathan Thorpe, Gale International - Songdo, Future City v1.0

  1. 1. Future City Version 1.0 Jonathan Thorpe SEVP, Gale International, LLC E-Mail: jthorpe@galeintl.com
  2. 2. Imagine a city…
  3. 3. MASTER PLAN • $35 B, 100 M SF development • World-class international city • 1,500 acres; reclaimed waterfront Office Space 40 M SF Residential 35 M SF Retail 10 M SF Hotel 5 M SF Civic Space 10 M SF • 40% open space including a 100-acre central park • LEED-ND pilot program
  4. 4. Strategic Access to Bridges & Roads
  5. 5. Integration with Subway System
  6. 6. Hub of Northeast Asia– Flight Times
  7. 7. Korean Government Commitments • Free Economic Zone (FEZ) • US $10B in infrastructure including Incheon International Airport (ICN) • Incheon Airport Bridge • Utilities, including “green” compliant water and sewer systems, advanced IT • Roads • Subways
  8. 8. Incheon Airport Bridge • Completion: October 2009 • 12.3 km/ 7 mile bridge • 15 minute drive between Songdo IBD and ICN
  9. 9. Songdo IBD Land 2004
  10. 10. Songdo IBD 2008
  11. 11. Songdo IBD - 2009
  12. 12. Songdo IBD Master Plan
  13. 13. Master Plan: City of Synergy • “Location, Location, Location” – we are creating Residential the location Culture • Government develops the infrastructure Commerce Entertainment • Developer creates quality of life Education • Proper location and design Retail create real value • Eco-friendly becomes tipping point
  14. 14. Create the Location– “Quality of Life” 1 Golf Course & Community 5 Hotels 9 Ecotarium/Aquarium 2 Residences 6 Asia Trade Tower 10 International Schools 3 Offices 7 Cultural Center 11 Pocket Parks 4 Bridge to Incheon Airport 8 International Hospital 12 Convention Center 6 12 5 5 2 8 10 3 10 4 9 1 3 11 7 2
  15. 15. Office: Northeast Asia Trade Tower • GFA 1.6 M SF • Project Cost $550 M USD • Scheduled Completion November 2010 • General Contractors: Daewoo /POSCO E&C • Architects KPF Heerim
  16. 16. Office: Posco E&C Headquarters • GFA 1.1 M SF • Project Cost $360 M USD • Scheduled Completion June 2010 • General Contractor: POSCO E&C • Architects Nikken Sekkei Gansam
  17. 17. Retail – Riverstone Mall • GFA 1.5 M SF (1.2 M SF GLA) • Project Cost $600 M USD • Scheduled Completion June 2011 • General Contractor POSCO E&C • Architects Daniel Libeskind BKBC BAUM
  18. 18. Residential – First World Mixed Use/Residential – First World • GFA 4.0 M SF (2,700 D.U. in 3.7 M SF plus 0.3 M SF Retail/Services) • Completion February 2009 • Project Cost $1,100 M USD • General Contractor POSCO E&C • Architects KPF BAUM
  19. 19. Residential – First World Mixed Use/Residential – Canal Walk • GFA 1.0 M SF (445 D.U. in 0.7 M SF plus 0.3 M SF Retail/Services) • Scheduled Completion August 2009 • Project Cost $240 M USD • General Contractor POSCO E&C • Architect KPF JINA Architects
  20. 20. Residential – First World Mixed Use/Residential – Central Park I • GFA 1.5 M SF (730 D.U. in 1.3 M SF plus 0.2 M SF Retail/Services) • Scheduled Completion November 2010 • Project Cost $500 M USD • General Contractor POSCO E&C • Architect HOK Dong-Il
  21. 21. Hotel –– SheratonHotel at Convensia Hotel Sheraton Hotel at Convensia • GFA 0.4 M SF (325 Rooms) • Project Cost $140 M USD • Scheduled Completion July 2009 • General Contractor: Daewoo E&C • Architects HOK BAUM Heerim
  22. 22. Jack Nicklaus Golf Club of Korea • Site Area/Project Description 234 Acres 18-Hole Golf Course/179 Villas 220 Full Golf Members • Project Cost $580 M USD • Scheduled Completion September 2010 • General Contractor Posco E&C • Planners/Architects Jack Nicklaus Design Heerim EDS
  23. 23. Convensia Convention Center • GFA 0.6 M SF (Phase I) • Project Cost $150 M USD • Completion October 2008 • General Contractor POSCO E&C • Architects KPF BAUM
  24. 24. SongdoInternational School Songdo International School • GFA 0.5 M SF (K-12, 2,200 students) • Project Cost $150 M USD • Scheduled Completion June 2009 (to open for 2009-2010 academic year) • General Contractor POSCO E&C • Planners/Architects Harvard Advisory Group KPF
  25. 25. Central Park & Canal • Site Area 100 Acres (incl. 2,700 U/G parking spaces) • Project Cost $230 M USD • Scheduled Completion August 2009 • General Contractor: POSCO E&C • Planners/Architects KPF Towers Golde ARUP
  26. 26. Songdo IBD Master Plan
  27. 27. Green Strategies: Value Creation Green Development Value • Reduce operating & maintenance costs • Increase building value • Leverage incentives to reduce construction costs • Set sustainable development standards/create efficiencies • Satisfy occupier/investor eco-responsibility mandate • Enhance brand image
  28. 28. Green Strategies: Open & Green Space • Master planned environment • 40% open space; 600 acres • 100-acre Central Park • Every block connects to public gathering places and walking/biking corridors • Native or adapted species used to minimize water use
  29. 29. Green Strategies: Water • Vegetated green roofs reduce stormwater runoff & mitigate heat island effect • Central Park canals use seawater versus fresh • Efficient landscape design • Water-saving irrigation systems • Reclaimed stormwater • Re-use of treated greywater
  30. 30. Green Strategies: Energy Use • At or above ASHRAE standards • Central co-generation facility; efficient and clean energy • Use of solar • New technology installed throughout the city saves energy: – Custom AC units – Gen2 elevators – LED Traffic lights – Pumps & motors – Emission-free photovoltaic cells
  31. 31. Green Strategies: Transportation • Integration with subway system • Expanded Incheon City bus service • 25 km of bicycle lanes • Underground parking; 10% of capacity is dedicated to fuel efficient and carpool vehicles • Garages designed to include electrical vehicle charging stations
  32. 32. Green Strategies: Material Flows & Recycling Green Strategies: Material Flows • Target 75% construction waste to be recycled • Maximize sourcing of recycled & locally produced materials • Use of flyflash concrete on select projects to realize 20% Portland cement reduction • Low-VOC materials will be incorporated into all buildings
  33. 33. Green Strategies: City Operations Operations Green Strategies: Sustainable City • Procurement & recycling guidelines in place • Facilities management and maintenance contracts mandate use of eco-friendly products • Smoking prohibited in public and office spaces except for designated areas
  34. 34. Green Strategies: “Intelligent Urbanisation” Green Development Value • Partnership with Cisco • First Global Center for Intelligent Urbanisation located in Songdo • Purpose: Use of technology and networks to cultivate sustainable, intelligent city • “Green Aware” – Power consumption – CO2 emissions – Water usage
  35. 35. The Fourth Utility – ITValue Green Development Networks Green Strategies: “Intelligent Urbanisation” • U-Life: citywide connectivity of buildings, systems, objects and people • Increased value and efficiencies for building owners – Reduce operating costs – Improve sustainability – Enhance controls/responsiveness • Improved quality of life for residents, workers and visitors
  36. 36. The Fourth Utility – ITValue Green Development Networks Green Strategies: “Intelligent Urbanisation” “The goal is not to build wired buildings and cities, but to create inspirational buildings and cities in which technology enables personal lifestyle choices and corporate innovation.” Stanley C. Gale, Chairman Gale International, LLC
  37. 37. Songdo IBD Global Parners Partners Green Strategies: Gale Global
  38. 38. Songdo IBD Development Principles RESPECT ESTABLISHED URBAN DESIGN PRECEDENTS SUSTAINABLE DESIGN FOCUS ON LONG-TERM ECONOMICS EMBRACE NEW TECHNOLOGIES/INNOVATION CONNECTIVITY & SYSTEMS INTEGRATION PUBLIC-PRIVATE PARTNERSHIPS FOCUS ON QUALITY
  39. 39. Lessons Learned – Future Challenges INNOVATION & SUSTAINABLE DESIGN STRATEGIES PUBLIC-PRIVATE PARTNERSHIPS ECONOMIC OUTLOOK EXECUTION – THE “SOUL” OF SONGDO IBD
  40. 40. “Courage Essential…” “Attempting a mammoth project like that (Songdo) would be a risky venture at the best of times, let alone in the middle of Asia’s worst business slump since the second World War. Putting it mostly in the hands of a single, largely untested U.S. firm and financing it with recycled real estate profits sounds like an act of lunacy. Yet this is what is happening in South Korea, and strangest of all, it appears to be working.” David McNeill, “Courage Essential as $40bn Korean Project Continues,” Irish Times, May 18, 2009
  41. 41. World at the Crossroads • 2008: 50% world population lives in urban areas • Asian urban population expected to double by 2030 • Land & natural resources becoming increasingly scarce • Every week for the next 30 years, the equivalent of a new 1M population city is needed to accommodate projected urban growth in developing countries • Time to create a new urban model Sources: 2007 UN Population Division 2006 World Urban Forum III
  42. 42. Future City Version 1.1 Meixi Lake, Changsha Hunan Province, China
  43. 43. G L O B A L V I S I O N.
  44. 44. Introduction Gale International is a premier, international real estate developer and investment firm with decades of experience leading commercial, residential and mixed-use projects from new landmark towers to city-scale development. Gale International offices: Gale International offices: ● New York ● New York ● Boston ● Boston ● Irvine ● Irvine ● Seoul, South Korea ● Seoul, South Korea ● Songdo, South Korea ● Songdo, South Korea ● Changsha, China ● Changsha, China
  45. 45. The Site Today • 23 acres on South Boston’s waterfront next to the city’s financial district • 1 million SF of land covering 20 city blocks • Current use: 3700 parking spaces
  46. 46. Master Plan • $3.5 B development project • 6M SF on 23 acres of land Residential 2.5 M SF Class A Office 1.5 M SF and Life Sciences Retail 1.25 M SF Cultural/Schools 600 K SF Hotels 500 K SF • 36% open space • World-class LEED Silver Neighborhood – one of the largest in the U.S
  47. 47. Massing & Program
  48. 48. G L O B A L V I S I O N.
  49. 49. World at the Crossroads • 2008: 51% world population lives in urban areas – Asia 1950: 17% Urban – Asia 2050: 66% Urban • Asian urban population expected to double by 2030 • Land & natural resources becoming increasingly scarce • Time to create a new urban model Source: 2007 UN Population Division
  50. 50. City-Scale Development Principles RESPECT ESTABLISHED URBAN DESIGN PRECEDENTS SUSTAINABLE DESIGN FOCUS ON LONG-TERM ECONOMICS EMBRACE NEW TECHNOLOGIES/INNOVATION CONNECTIVITY & SYSTEMS INTEGRATION PUBLIC-PRIVATE PARTNERSHIPS FOCUS ON QUALITY
  51. 51. G L O B A L V I S I O N.

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