Rob Speyer recently discussed the importance of interconnectivity between real estate and transportation at the Urban Land Institute’s 2016 Asia Pacific Summit, which took place on June 15-17 in Shanghai. An estimated 2.5 billion people are expected to move to cities by 2050, posing a challenge for city mayors looking to combat excessive traffic issues and pollution.
“In the past, sometimes we built transportation after real estate, and sometimes we built it before real estate,” Speyer said. “But now, finally, we are building transportation and real estate at the same time.”
Speyer cited Shanghai as an example of a city that currently uses public transit efficiently to benefit real estate development.
“Shanghai isn’t just building; it’s building with a plan for decades ahead,” he said. “It is a city with energy, with confidence, with a sense of destiny—but more so a city with leadership.”
Speyer commended Shanghai Mayor Yang Xiong and his predecessor, Han Zheng, for their efforts in overseeing the expansion of Shanghai’s subway network. Similar to Tishman Speyer’s development approach, Shanghai is locating major real estate developments on transit nodes to provide easy access to its tenants and workers.
“If you own an apartment or office building far from public transit, how can you compete with an apartment block of buildings two blocks from the subway?” Speyer asked.
Speyer called on more city leaders around the glove to drive public transit initiatives that support smart real estate development. “Property and transportation will increasingly become a single deal,” Speyer said. “We have 2.5 billion people moving to cities, and as much as they need somewhere to go, they also need some way to get there.”
Rob Speyer on the Future of Cities can be viewed below:
Posted by robspeyer on June 28, 2016
Over 500 professionals from all sectors of the real estate industry will come together on June 15-17 at the Urban Land Institute Asia Pacific Summit. The Summit invites developers, investors, advisors, planners, architects, and city leaders from around the world to come together to exchange ideas.
Rob Speyer, CEO of Tishman Speyer, is a key speaker at this year’s Summit. His speech, The Future of Cities, will highlight the resurgence in global cities, and the driving cause behind this growth. The mission of ULI is to provide education in the responsible use of land and in sustaining and creating cities and communities worldwide.
Read more on this conference here.
Posted by robspeyer on June 14, 2016
In February, Tishman Speyer announced plans for a 65-story building in the heart of Manhattan’s West Side. Bjarke Ingles, designer of The Spiral, provides an in-depth look at the building that sits a block away from the north end of Manhattan’s High Line Park.
Additional information can be found here.
Posted by robspeyer on June 2, 2016
Earlier this month, Tishman Speyer released its third Global Sustainability report.
Tishman Speyer was awarded a 2015 ENERGY STAR partner of the year award, which honors companies that demonstrate the best energy saving practices across the industry. In addition, Tishman Speyer hit a number of company landmarks in 2015, including: First LEED Gold for Existing Building in NY (357 Hudson St.), first building to achieve LEED Gold in South America (Rochavera Corporate Towers, Brazil), and first tower to achieve LEED Platinum in Frankfurt (Taunusturm, Germany).
“At Tishman Speyer, we believe that sustainability in the built environment is increasingly critical to our future,” said CEO Rob Speyer in the report. “The result of this belief has been our commitment to delivering beautiful, healthy and efficient buildings since our inception.” Numerous Tishman Speyer buildings have made a positive impact on the environment, improving efficiency and meeting the unique challenges of the urban landscape.
“Whether constructing new buildings or redeveloping existing ones, we strive to do so in a way that minimizes impact on the environment at every stage of the building life cycle, while maximizing sustainable value,” said Speyer.
Tishman Speyer Impact:
- 52 million square feet certified portfolio under LEED, BREEAM, or HQE
- Energy consumption between 2012 and 2013 was reduced by an average of 2.5%
- All seven eligible funds received a green start under GRESB in 2014
Read more at: TishmanSpeyer.com
Posted by robspeyer on April 27, 2016
Tishman Speyer announced plans for a development project at Boston’s Pier 4 in August 2015. Located in the city’s Seaport District, Tishman Speyer will develop these lots, respectively, as a mixed-use, 13-story office building, and a nine-story, 100-unit luxury condominium. Each building will have ground floor retail space and restaurant space.
“Our goal at Pier 4 is to create the brightest jewel of the Boston waterfront,” said Tishman Speyer president and CEO Rob Speyer at the time of the announcement. “This will be a project entirely worthy of one of the world’s great cities.”
The lots will include two-level, below-grade parking facilities, a one-acre public park, and a half-acre public plaza. Completion of this project is scheduled for early 2018.
More information and new renderings of Pier 4’s design can be found at Tishman Speyer’s Pier 4 website.
Posted by robspeyer on April 8, 2016
The Mayor’s Fund to Advance New York City and the Mayor’s Office of Veterans Affairs (MOVA) have announced two partnerships with the private sector aimed at ending veteran homelessness within New York City. Totaling $750,000 in funds raised, the partnerships include the Deutsche Bank Americas Foundation, and the Real Estate Board of New York (REBNY) and its members.
The Deutsche Bank Americas Foundation has awarded a $250,000 grant to MOVA, to support the City in meeting Functional Zero, the national standard for ending veteran homelessness and rapidly rehousing all new veterans that enter the shelter system. Funds will be used for direct services for veterans as well as towards helping NYC reach its goals in ending veteran homelessness.
Additionally, the Mayor’s Fund has raised $500,000 from private partners, including REBNY and its members, to provide financial assistance to veterans who successfully transitioned from shelters to permanent housing at the end of 2015.
“Every veteran should receive proper housing and the services they need to help them cope with their experiences in war,” said Mayor de Blasio. “I think the Deutsche Bank Americas Foundation, REBNY and our folks in the Mayor’s Fund and MOVA who are leading the way towards functional zero.”
According to the federal Department of Housing and Urban Development, the number of veterans staying in shelters or on the streets has decreased by 90% since 2011. In 2015, NYC placed more than 1,000 veterans in permanent housing across the five boroughs.
So far in 2016, the City has placed 437 veterans in permanent housing.
Posted by robspeyer on March 29, 2016
Tishman Speyer this week announced its purchase of a second development in Midtown Manhattan’s Hudson Yards Development.
The existing development consists of 434-444 11th Avenue and 550 West 37th Street, with an option to purchase additional development rights. With these two adjacent properties, Tishman Speyer has the opportunity to develop a 1.3 million-square-foot building.
“New York City’s position as a global business center is as strong as ever, and Hudson Yards is rapidly emerging as one of its main engines for further economic growth,” said Tishman Speyer CEO Rob Speyer. “As evidenced by our commitment to develop more than four million square feet of premium commercial space in the area, we are convinced that Manhattan’s far west side is well on its way to becoming the world’s most modern, dynamic and sustainable urban neighborhood.”
The Hudson Yards district is bounded by West 42nd Street, 8th Avenue, West 30th Street, and Hudson River Park.
Read more at REW.
Posted by robspeyer on March 11, 2016
This week, Tishman Speyer announced plans for a 65-story building designed by Bjarke Ingels at the heart of Manhattan’s West Side. The Spiral will sit a block away from the north end of Manhattan’s High Line Park and will, according to Ingels, “[extend] the Highline into the skyline,” with spiral landscaped terraces wrapping around the exterior of the building. These terraces will provide an outdoor space for every floor in the building.
The Spiral will have 2.85 million square feet of space, all with unobstructed views and double-height amenity spaces connecting adjacent floors for dynamic, collaborative workflows.
“(The) tower will serve as a significant leap forward in the evolution of the modern, collaborative and sustainable workplace,” said Rob Speyer, President and CEO of Tishman Speyer.
The open plan allows for tailored tenant experiences, increasing the desirability and longevity of the building.
Located at 66 Hudson Boulevard, The Spiral is Tishman Speyer’s entrant into the 28-acre space at Hudson Yard. Three other skyscrapers are planned in the area as well, with hope of extending Midtown’s business district west as far as the Hudson River.
More information and design renderings of The Spiral can be found here.
Posted by robspeyer on February 9, 2016
On January 21, the Real Estate Board of New York gathered at the New York Hilton to celebrate the city’s real estate industry at the 120th Annual Banquet at the New York Hilton.
“REBNY’s annual celebration is always the biggest night of the year for the real estate industry, and this year was certainly no exception. We were thrilled to be joined by more than 2,000 of our members, as well as top government and business leaders from across the City and State, in celebrating the best and brightest of New York’s real estate community,” said Rob Speyer, President and CEO of Tishman Speyer and REBNY Chairman.
This year’s celebration honored the late John Zuccotti, a former REBNY chairman, as well as the accomplishments of the Stacom Family – Matthew, Tara and Darcy – as the first family to receive the Bernard H. Mendik Lifetime Leadership in Real Estate Award. Other honorees for the evening were Daniel Brodsky, Jeffrey E. Levine, Bill Montana, Edward V. Piccinich, and Steven H. Marvin.
After the video presentation (see below), a discussion was sparked around the city’s need for developments of new commercial office, industrial manufacturing, and life science space for continued economic growth and job creation. The video highlights findings from a recent NYCEDC study that predicts the city will need up to 60 million additional square feet of office space to keep up with the demand of job growth.
To read more about the night’s honorees and to view photographs from the event, visit Real Estate Weekly.
Posted by robspeyer on January 25, 2016
At Thursday’s 120th annual REBNY banquet, the Stacom family will receive the Bernard H. Mendik Lifetime Leadership in Real Estate Award, marking the first time an entire family will be honored.
The late Matthew Stacom and his daughters, Tara and Dary, will receive the award for their contribution to the city’s real estate industry. “The Stacoms are true industry legends whose collective contributions are worthy of this unprecedented recognition by REBNY,” said REBNY chairman Rob Speyer.
Other honors will be given to five executives for their contributions to real estate. Those executives are: Daniel Brodsky, Jeffrey E. Levine, Bill Montana, Edward V. Piccinich, and Steven H. Marvin. “Their dedication to professional, philanthropic, and humanitarian service exemplifies what it means to invest in our City’s future and we thank them for their tremendous efforts,” said REBNY President John H. Banks III.
“We look forward to gathering with all of our colleagues at our 120th annual banquet to celebrate the achievements of the real estate community and toast the vibrant real estate market,” said Speyer.
The banquet will also honor John Zuccotti, the former REBNY chairman who passed away in November.
For more information on the banquet, visit Real Estate Weekly.
Posted by robspeyer on January 20, 2016