Development Magazine Summer 2010

Development - Ownership

the roof at night of the 1200 Nineteenth building

1200 19th Street – Creating Modern Curb Appeal  

Opportunities exist for developers to leverage prime downtown locations and create value through the redevelopment of older assets. Many of these opportunities present complex challenges that require incorporating modern design, technology and environmental strategies into structures that were built more than 30 years ago.

McGraw building at 1221 Avenue of the Americas

Strategically Green - 1221 Avenue of the Americas 

LEED certification for existing buildings continues in large and small cities across the country and skyscrapers in New York City are among them. The 2.5 million square foot McGraw-Hill Building at 1221 Avenue of the Americas achieved LEED EB certification in July 2009.

building with a wind cube on top and the surrounding skyline

Strategically Green - Blowin’ in the Wind 

Innovations in wind energy continue to evolve with one of the newest being the WindCube®, a rooftop wind turbine designed specifically for commercial and industrial power users located in urban and suburban settings.

conveyor belts in Empire Merchants warehouse

Empire Merchants North – Green Design for the End User 

In the midst of last year’s construction downturn, a construction site in the small town of Coxsackie, New York, seemed oblivious. Activity was buzzing on the 21-acre parcel, the future home of a new corporate headquarters and distribution center for Empire Merchants North, an alcohol distributor.

abandoned Ford plant in Missouri

From White Elephant to Job-Attracting Industrial Park 

The last thing Hazelwood needed was for its Ford plant to shut down with the loss of 2,500 jobs. A close second was getting stuck with an antiquated factory that was great for making 20th century cars but ill equipped for today’s economy. However, the steps that the city and Panattoni Development Inc. took were transformative, serving as an example for handling shuttered auto plants and abandoned factories.

Guhn Road Distribution building exterior

Guhn Road Distribution Center – Weathering the Storm 

The State of Texas has fared far better than many of its neighbors in the current economy. Few areas of the country remained immune to the near-collapse of the financial markets and the resulting impact on commercial real estate. The occasional industrial build-to-suit surfaced sporadically in 2009, but represented more of the exception than the norm.

Church exterior

First Look - Shopping in Church 

Adaptive re-use is the new mantra in light of the development drought, so how are retail developers stepping up? One example is Manhattan’s Episcopal Church turned nightclub which re-opened in April, reborn as the Flatiron’s own innovative shopping haven.

ice cream shop with solar tiles on the roof

Strategically Green - Solar’s New Look 

The idea for integrated solar roofing tiles was inked on a cocktail napkin at 30,000 feet over a decade ago. During that plane ride, a vision for seamless solar roofing was born.

From the Archives: Development Ownership Articles from the Previous Issue

vertical farm

First Look - Buildings That Grow Food 

Given the current economy, adaptive reuse of existing buildings is the new darling. Some older properties are refreshed with small retailers looking to save money, some become art galleries for starving artists, still others are just remade into more modern space. But there’s another, less common use – growing food.

auto charging station with car

First Look - Charge It Up 

With the anticipated arrival of the Chevy Volt in late 2010 and Nissan Leaf in 2012, parking garages there are gearing up for electric cars. Two or three years from now, competition could ensue from parking garages that provide charging stations and those that do not.