The New York Times previews our development in Downtown Brooklyn.
The New York Times previews our development in Downtown Brooklyn.
Posted by robspeyer on April 5, 2017
Our most important job is to serve the people who work in our buildings each and every day. Studies have shown that a healthy work-life balance boosts employee productivity and creativity. Today, we introduced Zo, a suite of services for all our tenants, regardless of their company size.
Read more at the Wall Street Journal.
Posted by robspeyer on February 7, 2017
The Rockefeller Center Christmas Tree was officially lighted for the season on November 30, as Mayor de Blasio, along with Alec Baldwin and Kate McKinnon, flipped the switch to illuminate the 50,000 multicolored lights adorning the 94-foot tree.
The Christmas tree will be on display at Rockefeller Center from 5:30 a.m. to 11:30 p.m. every day through January 7. The tree will remain lit for 24 hours on Christmas Day.
Posted by robspeyer on December 1, 2016
The holiday season is beginning in New York City, as the Rockefeller Center Christmas tree arrived this weekend following a 170-mile journey from the upstate New York town of Oneonta. The 94-foot-tall Norway Spruce was donated by Graig and Angie Eichler, and arrived in Manhattan on November 14.
The Rockefeller Center Christmas tree is a New York City institution, with the tree first going up in 1931. Since then, the tree has become an iconic New York City tradition. This year’s tree is between 90 and 95 years old and weighs 14 tons, and it will be illuminated by 45,000 LED lights linked by 5 miles of wire.
The 84th Rockefeller Center Christmas Tree Lighting ceremony will take place during a live television broadcast on Wednesday, November 30. The tree will stay on display until January 7, when it will be milled into lumber to be used by Habitat for Humanity.
Posted by robspeyer on November 17, 2016
As The Wall Street Journal reported this week, more than 11,000 condominiums and rental apartments have been built in the Queen’s neighborhood during the past decade, fueling the need for more high-quality office and retail spaces to support the new residents.
Tishman Speyer is playing a major role in the continued development of the area, building three apartment towers in addition to the massive office and retail space in Long Island City.
Elizabeth Lusskin, president of the Long Island City Partnership, a local development organization, told the Journal: “The Tishman project is the cornerstone of this next phase of Long Island City in the sense that you are finally getting large scale new office creation for a market that is desperate for it.”
The 43,000-square-foot office and retail development consists of two 27-story office towers, a four-story retail building, numerous restaurants and a 1.5-acre park on the roof. Construction is set to begin in early 2017 and be completed in 2019.
For more information on Long Island City’s continued development and transformation, read the Wall Street Journal’s story: In Queens, Residential Development Is Fueling Commercial Demand.
Posted by robspeyer on September 21, 2016
In January, Rob Speyer spoke at the Real Estate Board of New York’s 120th Annual Banquet, where discussion focused on the city’s need for new developments that will foster continued economic growth and job creation.
“A new study by New York City Economic Development Corporation found that we need more office space — a lot more,” Speyer stated. “We’ve asked leading public and private sector experts to give their views on the state of the commercial real estate market, and what NYC needs to do to maintain our edge as a 21st century global economy.”
From 1960-1975, there were 169 new buildings that lent 110 million square feet in office space in New York City; from 2000-2015, only 35 new office buildings were built.
“As a city, and as an industry, we are making great strides in expanding our commercial districts and modernizing our office inventory, but more work needs to be done,” said Speyer. “Even as Hudson Yards and the new World Trade Center reshaping our skyline, we must push ahead with Midtown East rezoning, and we must continue to nurture emerging commercial markets.”
Watch the full REBNY video below:
Posted by robspeyer on August 22, 2016
Speaking at the Global Alternative Investments Insights 2015 Conference, Rob Speyer discussed how recent changes in office environments are impacting real estate development.
“People want to work more closely together,” Speyer said. “They like to work in teams, they want to collaborate, they want to have the same kind of energy that we feel at this conference. They want to connect. Now, this is a powerful culture shift.”
Speyer discussed how the corner office is a dream of past generations of workers, not of the future. In 1990, an average worker occupied 300 square feet; today, that same worker occupies less than half of that.
“We are building a contemporary warehouse building in a major city in the U.S and an old line consulting firm is looking to rent the whole thing,” he said. “This would’ve been unthinkable five years ago. That company would have only considered a typical office building with a glass façade, but times are changing.”
Watch the clip in full below:
Posted by robspeyer on August 18, 2016
In a speech at the Urban Land Institute’s 2016 Asia Pacific Summit in Shanghai, Rob Speyer discussed the important connection between transportation and real estate in cities across the world.
With an enormous number of people expected to move to cities in the future, mayors are in a unique position to craft smart, sustainable transportation policies – and Speyer noted that connectivity is key.
“Inspired by China’s high-speed rail, L.A. Mayor Eric Garcetti came right here, to Shanghai, to learn how to move more people, in less time, with fewer cars,” said Speyer. “Shanghai is where Garcetti learned how to cut congestion and the air pollution that’s been suffocating L.A. for decades. The reason why the mayor has created a plan to build thirty-two miles of subways in L.A.—get the locals out of their cars and into city trains.”
“In just two decades, L.A. hopes to cut the use of private cars by 1.7 million miles each day. That’s the equivalent of six daily trips to the moon and back. It’s a winning formula. Fewer cars, less exhaust, faster trips, and it will mean a boost in real estate values.”
Speyer explained how real estate and transportation are becoming more connected every day and commended the mayors of Shanghai, Los Angeles and Rio de Janeiro for their foresight on these issues.
“So where does this lead us? If the 20th century was about driving more cars, the 21st century will be about getting those cars off the road,” said Speyer. “Where cars once helped cities to thrive and to grow, too many cars are threatening to choke that growth. That’s why in cities like Shanghai, Shenzhen, L.A., and Rio, the car of the future has become the train.”
“Transportation has always been a big part of real estate. But as more and more people jam themselves into fewer and fewer cities, transportation will become inseparable from real estate. That means get ready for more deals like the one between Vanke and Shenzhen Metro. And it also means, that what was once viewed as a perk —safe, reliable access to transportation— is becoming a requirement.”
Watch Rob Speyer’s whole speech, which can be viewed below:
Posted by robspeyer on July 27, 2016
Rob Speyer recently discussed the significance of worldwide collaboration among mayors around the globe at the Urban Land Institute’s recent 2016 Asia Pacific Summit, which took place in Shanghai, China.
“From Shenzhen to Rio, from Los Angeles to Shanghai, these smart mayors can drive big change, because mayors are often in a better position than even national leaders to help each other get things done,” said Speyer. “We’ve all seen it. When a head of state wants to work with another head of state, it can take a long time. On the other hand, when a mayor wants to work directly with another mayor, they can get things done quickly. They can cut through the bureaucracy, the protocol, even the geopolitics.”
Speyer highlighted the importance of mayors to actively engage colleagues from throughout the world to improve their respective cities, noting the connections made between the mayors of Los Angeles, Rio de Janeiro and Shanghai when talking about developing cities of the future.
“Mayor Garcetti is tackling the age-old L.A. problem of traffic — with Shanghai ideas,” he said. “They invested heavily in building public transit, encouraging people to leave their cars and take buses and subways, easing the gridlock. In recent decades, Shanghai has built public transportation to replace private cars, and they’ve invested heavily in development around transit hubs, making a more livable city.”
Speyer called on city mayors to start addressing their excessive traffic and pollution issues before it’s too late.
“We need mayors with energy, confidence, a sense of destiny — mayors who can help all of us see around those corners,” said Speyer. “Because in our increasingly smart world, filled with smartphones and smart cars, a smart city needs a smart mayor.”
Rob Speyer’s whole speech can be viewed below:
Posted by robspeyer on July 20, 2016
Rob Speyer announced today that Tishman Speyer is moving ahead with construction of its 1.1 million square foot office and retail project in Long Island City. Construction of the new project, which includes two 27-story towers designed by Raul De Armas of MdeAS Architects, will begin in early 2017 with completion anticipated in 2019.
The towers will be connected by a four-story podium and will include a mix of retail, complemented by a food hall, restaurant and parking garage — providing numerous amenities to local workers and residents in the vibrant mixed-use neighborhood.
“Thanks to the City of New York’s investment in the area’s infrastructure, enlightened policy decisions and the active support of the New York City Economic Development Corporation, the local community and its elected officials, Long Island City has become a model for 21st Century urban development,” Speyer said.
“Tishman Speyer is proud to continue our role in unlocking the area’s full potential as one of the most dynamic, live-work-play neighborhoods, not just in Queens but in all of New York City.”
Tishman Speyer is now the largest developer of both commercial and residential space in Long Island City, being responsible for 3.5 million square feet of development in Long Island City since 2003.
Posted by robspeyer on July 11, 2016