1. Beyond Sticks and Bricks:
Projects Producing
Structural Economic
Change
Friday,
October 15
9:15 a.m. – 10:30 a.m.
2. Marilyn Jordan Taylor (moderator)
Dean and Paley Professor, School of
Design, University of Pennsylvania
Relina Bulchandani
Global Lead, Connected Real Estate,
IBSG, Cisco
Tom Murcott
Executive Vice President and Chief
Marketing Officer, Gale International
Amy Neches
Senior Project Manager, San Francisco
Redevelopment Agency
David M. McDonough
Senior Director, Johns Hopkins Real
Estate
22. 1922
2 B*
2001
6.1 B
Stan Gale and John B. Hynes III
create Gale International. Korean
government offers Songdo
opportunity.
1950 1985 2009 2050
9.5 B
Boston Redevelopment
Authority created by John B.
Hynes
Stan Gale formed the Gale
Company
Opening of Songdo IBD
Daniel Gale Agency Est.
2005
Songdo IBD breaks
ground
27 megacities
will exist
*World population: US Census
History of Gale International
46. Songdo IBD Highlights
•Songdo Convensia Convention Center Opens August 2008
• #1st World Occupied January 2009
• Sheraton Incheon Hotel Opens August 1, 2009
• Central Park Opens August 4, 2009
• Songdo International Business District Officially Opens August 7, 2009
• POSCO E&C Moves Headquarters to Songdo March 2010
• Canal Walk Occupied May 2010
• Chadwick International School Opens September 7, 2010
• Senior PGA Tour Championship Begins September 10, 2010
5,900 Ft/1.8 KM Long Salt Water Canal
Songdo Central Park
56. Songdo IBD Highlights
•Songdo Convensia Convention Center Opens August 2008
• #1st World Occupied January 2009
• Sheraton Incheon Hotel Opens August 1, 2009
• Central Park Opens August 4, 2009
• Songdo International Business District Officially Opens August 7, 2009
• POSCO E&C Moves Headquarters to Songdo March 2010
• Canal Walk Occupied May 2010
• Chadwick International School Opens September 7, 2010
• Senior PGA Tour Championship Begins September 10, 2010
Canal Walk
Shopping, Dining, and Entertainment
65. Beyond Sticks and Bricks:
Projects Producing
Structural Economic
Change
Friday,
October 15
9:15 a.m. – 10:30 a.m.
66. MISSION BAY
San Francisco Redevelopment Agency
San Francisco Redevelopment Agency
Mission Bay
Railyards to Biotech
(A brownfield, sustainable, urban infill, transit oriented, smart growth,
public private partnership, master planned community)
Urban Land Institute – October 15, 2010
Amy Neches
71. MISSION BAY
San Francisco Redevelopment Agency
Mid 1990’s Mission Bay Planning Challenges…
• Brownfields Site
• Landfill—geotechnical issues
• Little existing infrastructure
• Difficult political environment with previous failed plans
and Opportunities
• Great location-ballpark, downtown, waterfront
• Well-served by transit and roadways
• Motivated developer and public agencies
72. MISSION BAY
San Francisco Redevelopment Agency
Public Goals in New Mission Bay Plan
• Reclaim brownfields site for urban growth in close proximity to
financial district
• High density, sustainable, “transit-first” community
• New housing, with high affordable housing component
• Job creation, emphasizing technology and life
science research.
• New infrastructure w Parks for larger area, transportation
improvements that link to low income Southeast neighborhoods
• Planning process to create community consensus to support
new plan
73. MISSION BAY
San Francisco Redevelopment Agency
Mission Bay Development Plan-approved 1998
• 6,000 residential units, ave.
density 150 units/acre, 30%
affordable
• 4.5 million sq. ft.
commercial/biotech
• UCSF research campus
and hospital
• 500 room hotel
• Neighborhood-serving retail
• Public school, fire/police
station, library
• 43 acres of public parks
74. MISSION BAY
San Francisco Redevelopment Agency
Economic Development Strategy
• UCSF as Mission Bay economic driver
• SF’s 2nd largest employer
• Perennial leader in NIH funding w success in
technology spin-offs
• Needed new campus—considering 3 sites
• Catellus and City donated 43 acres for 2.65 MM
square foot campus— “loss leader”
• UCSF purchased 14 acres for 550 bed hospital
75. MISSION BAY
San Francisco Redevelopment Agency
Economic Development Strategy
• UCSF as “magnet” for
biotechnology cluster
• 4.5 MM sf of private
commercial development
• 31,000 new permanent
jobs = 5.6% of ALL SF jobs
• High paying jobs at all skill
levels
• Heart of SF Technology
corridor
77. MISSION BAY
San Francisco Redevelopment Agency
UCSF Campus • 5 Research buildings
completed—1 million sq ft
• Campus Community Center
• Campus housing
• Hospital- construction in 2010
78. MISSION BAY
San Francisco Redevelopment Agency
Private Commercial Development to Date
• 7 projects totaling 1.5 million sf
• Most development through a
large biotech REIT
• CIRM (CA Stem Cell Institute),
Fibrogen, Celgene, Nektar,
Gap, are major tenants
• City policies help support
biotech—limited tax breaks
• Successful multi level training
for jobs
• City aggressively pursues
technology/biotech tenants
80. MISSION BAY
San Francisco Redevelopment Agency
Public Private Partnership
Public Inputs
• Public financing for
infrastructure (but capped
to new value of MB
development)
• Land
• State investments in UCSF
• Leadership—for
entitlements and
implementation
Private Inputs
• Land
• At risk investments in
entitlements and horizontal
development
• Development expertise
81. MISSION BAY
San Francisco Redevelopment Agency
Elements of Success—
• Private/political/institutional will
• Political and economic feasibility
• Public-private partnership
• Alignment of interests in each other’s progress
• Public financing supports infrastructure and affordable
housing
• Location – bayfront & downtown—and transit
• Ballpark and UCSF as “drivers”
• Market forces: “nimble” land use plan
• Developer-driven flexibility
• Streamlined entitlement/design review process
82. MISSION BAY
San Francisco Redevelopment Agency
Current issue—infrastructure funding to
keep development moving
• Costs much higher than expected
• Funding from “tax increment” limited by pace of
vertical construction
• Need to ensure sites are ready for development
• Secured-- $2.5 million Federal + $4.7 million State
“stimulus” funds
• Pending--$85 million in Federal applications,
including $35 million TIGER II grant
87. Great Seneca Science Corridor Master Plan
Key Land Use Elements of the “Science City” Plan:
Mixed Use Density at New Transit Stations
88. 2010 Great Seneca Science Corridor (GSSC)
Master Plan: Key Facts
Approved 2010 Master Plan
Commercial (sf) 17,500,000
Dwelling units 9,000
Jobs 80,0001 – 100,0002
Zoning Mixed Use
Size 900 Acres
Note 1: Full time jobs within the County
Note 2: Full time jobs within the State
89. Three Objectives for the “Science City”
A New BioScience Community
advancing
Health for the World
Advancing Health, Science and Education
The pre-eminent Biotech Center in the US and the World
Attracting the “Best and Brightest”
Fostering Collaboration across Government,
Higher Education and Industry
80,000-100,000 science based jobs and support positions over the next 30 years
Great Place to Live, Learn,Work and Play
Dynamic mix of residential, commercial, recreational, cultural uses
Transit Oriented, smart growth, green sustainable design
90. Developing the “Science City”
Life Sciences Cluster
Three Stages
Stage 1: Creating the Vision 2005-2010
Creating (and advancing) the Land Use Vision
Creating (and advancing) the Economic Development Vision
Stage 2: Developing the Plan 2006-2010
Developing the Land Use Plan
Developing the Economic Development Plan
Stage 3: Executing the Plan 2010-2030
Building Out the Land Use Plan
Implementing the Economic Development Plan
91. Asia’s “World Class” Campuses
% GDP in R&D and Scale
and Transit Oriented with Mixed Uses
Biopolis – Singapore – 12 m sf
New Songdo City – South Korea – 60 m sfVedanta – India - 52 m sf
Guangzhou – China – 100 m sf
92. Life Sciences Cluster Research
Lessons Learned
A “World Class” Applied Science Community includes:
Green & Smart Growth: Transit Oriented Development
An Active Mix of Uses: Work and Live and Play
Employees: Lively Environment to Attract the Creative Class
Scale: Global Competitors Run from 12 to 100 M sf
Density: Research is a Contact Sport=Tall Bldgs/Avoid Isolation
IT Platform: Informatics Driven Discoveries = Supercomputing
Long Term Federal Support: Increase % GDP to Research
Managed Collaborations: Electronic and People Networks
(Entrepreneurs, Collaboration Managers & Private Capital)
Speed To Market: Asia = 10 year Build Outs vs US Local Planning
95. Montgomery County’s Applied Research Triangle
Within Maryland’s Life Sciences Research Cluster
The Collaboration Model in Montgomery County
Federal Labs & the GSSC Portal Commercializing
the Region’s Applied Life Science Assets
96. EDUCATION:
4,000+ part-time graduate students in:
Bloomberg School of Public Health
Carey Business School
Krieger School of Arts & Sciences
School of Education
Whiting School of Engineering
The Collaboration & Commercialization Model at Hopkins MCC
NON-PROFITS
STAND-ALONE COMPANIES:
RESEARCH CENTERS:
Federal Labs
97. GSSC Economic Development Benefits for
Montgomery County
The “Science City” to generate, over the next 20 years*:
84,000 new annual full and part time science related jobs
(60,000 within the Shady Grove Life Sciences Center)
$11 billion in annual goods and services for businesses
$176 million in annual County tax revenues
* Sage Policy Group Draft Vision 2030 Economic Impact Analysis, June,2008
98. GSSC Economic Development Benefits for
the State of Maryland
The “Science City” to generate, over the next 20 years*:
101,000 new annual full and part time science related jobs
$13 billion in annual goods and services for businesses
$322 million in annual State tax revenues
* Sage Policy Group Draft Vision 2030 Economic Impact Analysis, June,2008