Development Magazine Spring 2014

Development - Ownership

rendering of the exterior of the ExxonMobil building

The Next Generation of Corporate Offices 

When asked what keeps them up at night, the CEOs and COOs that Oxford Properties interviewed for its “Destination Collaboration: The Future of Work” report said, “the ability of the enterprise to attract and retain top talent.” Following the eventual “silver tsunami” of baby boomer retirements comes the millennial generation workforce, a demographic group even bigger than the boomers and with an entirely different attitude about where and how they want to work.

exterior view of Harley Marine Services' corporate headquarters

Better Stormwater Management For a Better Bottom Line 

Developers and commercial property owners throughout the U.S. are undertaking stormwater management initiatives that are making their properties more sustainable, reducing their fees and taxes and, in many cases, reducing development costs and increasing profits.

exterior view of the Chelsea Piers Connecticut building

New Life for Obsolete Structures The Campus, Stamford, Conn. 

Aging industrial and office structures throughout the U.S. offer unique opportunities for owners and developers to think creatively about adapting and reusing obsolete buildings and properties. Rather than demolishing these structures, many developers are transforming them into places that meet the needs of today’s commercial real estate markets. The Campus on Interstate 95 in Stamford, Conn., a former Clairol headquarters and manufacturing facility, is a case in point.

stairway in the TenThreeTwenty office building

TenThreeTwenty First Potomac Modernizes Office Building 

How much to invest in the repositioning of an office asset is a perennial question facing real estate owners and investors. It is especially critical in a market characterized by moderate demand. How does an owner strike the right balance? First Potomac Realty Trust tells its story about one such project.

interior office space with public areas

Coworking Centers Revolutionize the Workplace 

Coworking, a new concept emerging from a foundation of innovative workspaces that stretches back more than five decades, is revolutionizing the concept of workplace. All indicators point to the continued growth and diversification of coworking centers, which also are beginning to influence the functions and facilities of mainstream corporate workplaces.

lobby of a research facility

DOE's New Energy Systems Integration Facility 

Photovoltaic panels on high-performance buildings can significantly cut energy costs and carbon emissions. But distributed, intermittent renewable energy sources are a challenge to integrate with the aging U.S. electrical grid. The vital goal of a smarter, more resilient national energy system moved closer to realization on September 11, 2013, with the dedication of the Energy Systems Integration Facility in Golden, Colo.

Boston Consulting's office of the future

Eight Steps Toward More Functional Office Space 

Many companies have heard the siren call for open office space that allows for greater collaboration, attracts younger workers and reduces real estate costs. But before tenants take the plunge into a new office environment, building owners and architects can help them conduct a careful analysis of the way they work now and how they will work in the future. Joe Flynn, senior associate and workplace strategist at Margulies Perruzzi Architects offers the eight suggestions.

solar panels on top of a building

From Gray to Green With an Oversized Rooftop Solar System 

For as long as I can remember, thoughts of our 180,000-square-foot multi-tenant industrial building in Toronto always evoked the color gray. Perhaps this was due to its cinder block walls; its older, squat appearance or the dust that its unsealed floors generated. Nevertheless, this “gray” building did well for us. More than three years ago, I read an article about the Ontario Power Authority offering to buy power from building owners who installed solar panels on their roofs, under a program called “Feed-in Tariff.” As landlords our curiosity was piqued.

cars in a parking lot

How Safe Is Your Parking Lot? 

While “going green” is all the rage, an under-the-radar safety problem in the space where parking lots meet buildings suggests that “going safe” is just as vital. The issue: vehicle-into-building crashes.

bike lane in a street

Protected Bike Lanes Mean Business 

Cities are beginning to recognize that America’s love affair with cars, particularly urban America’s, is declining. One recent indication of this is the 60 applications that PeopleForBikes, a group sponsored by the bicycling industry, received in late 2013 from cities across the U.S. for the second phase of its Green Lane Project, a program that provides assistance in building protected bike lanes, also known as “green lanes.”

energy star label

Real Time Energy Management Pays Off 

The Natural Resources Defense Council recently published the results of a 12-month case study on an energy management and performance improvement initiative implemented by The Tower Companies in three of its large multitenant office buildings in Washington, D.C. Tower has a portfolio that includes 4.5 million square feet of office buildings, 1,500 apartments, regional malls and hotels in “eco-progressive” live/work/play communities.

From the Archives: Development Ownership Articles from the Previous Issue

the piazza at the U Square mixed-use project

U Square @ The Loop: Public-Private Collaboration Revitalizes Cincinnati 

Situated just across the street from the University of Cincinnati campus, U Square @ the Loop buzzes with activity. The two city blocks of LEED-certified, mid-rise, mixed-use development house students and young professionals; provide a welcome array of restaurants, shops and gathering spaces; and are home to several university offices.

the Publix Store in the Water Tower Shoppes

Water Tower Shoppes Retail Rebirth 

Water Tower Shoppes in Celebration, Fla., was not always the destination retail center that it is today. Just three years ago, Walt Disney Company (developer of Celebration) executives and most locals detested the “black eye” they drove past every day.