Jonathan Thorpe, Gale International - Songdo, Future City v1.0
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Transcript of Jonathan Thorpe, Gale International - Songdo, Future City v1.0
Future City Version 1.0
Jonathan Thorpe SEVP, Gale International, LLC E-Mail: [email protected]
Imagine a city…
Office Space 40 M SF
Residential 35 M SF
Retail 10 M SF
Hotel 5 M SF
Civic Space 10 M SF
MASTER PLAN
• $35 B, 100 M SF development
• World-class international city
• 1,500 acres; reclaimed waterfront
• 40% open space including a 100-acre central park
• LEED-ND pilot program
Strategic Access to Bridges & Roads
Integration with Subway System
Hub of Northeast Asia– Flight Times
Korean Government Commitments
• Free Economic Zone (FEZ)
• US $10B in infrastructure
including Incheon International
Airport (ICN)
• Incheon Airport Bridge
• Utilities, including “green”
compliant water and sewer
systems, advanced IT
• Roads
• Subways
Incheon Airport Bridge
• Completion: October 2009
• 12.3 km/ 7 mile bridge
• 15 minute drive between
Songdo IBD and ICN
Songdo IBD Land 2004
Songdo IBD 2008
Songdo IBD - 2009
Songdo IBD Master Plan
Master Plan: City of Synergy
• “Location, Location,
Location” – we are creating
the location
• Government develops
the infrastructure
• Developer creates
quality of life
• Proper location and design
create real value
• Eco-friendly becomes
tipping point
Education
Retail
Residential
Entertainment
Culture
Commerce
Create the Location– “Quality of Life”
Golf Course & Community Hotels Ecotarium/Aquarium
Residences Asia Trade Tower International Schools
Offices Cultural Center Pocket Parks
Bridge to Incheon Airport International Hospital Convention Center
1 5 9
2 6 10
3 7 11
4 8 12
1
2
2
3
3
55
6
7
9
10
11
12
4
8
10
• GFA
1.6 M SF
• Project Cost
$550 M USD
• Scheduled Completion
November 2010
• General Contractors:
Daewoo /POSCO E&C
• Architects
KPF
Heerim
Office: Northeast Asia Trade Tower
• GFA
1.1 M SF
• Project Cost
$360 M USD
• Scheduled Completion
June 2010
• General Contractor:
POSCO E&C
• Architects
Nikken Sekkei
Gansam
Office: Posco E&C Headquarters
Retail – Riverstone Mall
• GFA
1.5 M SF (1.2 M SF GLA)
• Project Cost
$600 M USD
• Scheduled Completion
June 2011
• General Contractor
POSCO E&C
• Architects
Daniel Libeskind
BKBC
BAUM
Residential – First World
• GFA4.0 M SF(2,700 D.U. in 3.7 M SFplus0.3 M SF Retail/Services)
• CompletionFebruary 2009
• Project Cost$1,100 M USD
• General ContractorPOSCO E&C
• ArchitectsKPFBAUM
Mixed Use/Residential – First World
Residential – First World
• GFA1.0 M SF(445 D.U. in 0.7 M SFplus0.3 M SF Retail/Services)
• Scheduled CompletionAugust 2009
• Project Cost$240 M USD
• General ContractorPOSCO E&C
• ArchitectKPFJINA Architects
Mixed Use/Residential – Canal Walk
Residential – First World
• GFA1.5 M SF(730 D.U. in 1.3 M SFplus0.2 M SF Retail/Services)
• Scheduled CompletionNovember 2010
• Project Cost$500 M USD
• General ContractorPOSCO E&C
• ArchitectHOKDong-Il
Mixed Use/Residential – Central Park I
Hotel – Sheraton Hotel at Convensia• GFA
0.4 M SF (325 Rooms)
• Project Cost
$140 M USD
• Scheduled Completion
July 2009
• General Contractor:
Daewoo E&C
• Architects
HOK
BAUM
Heerim
Hotel – Sheraton Hotel at Convensia
• Site Area/Project Description234 Acres18-Hole Golf Course/179 Villas220 Full Golf Members
• Project Cost
$580 M USD
• Scheduled Completion
September 2010
• General Contractor
Posco E&C
• Planners/ArchitectsJack Nicklaus DesignHeerimEDS
Jack Nicklaus Golf Club of Korea
• GFA0.6 M SF (Phase I)
• Project Cost$150 M USD
• CompletionOctober 2008
• General ContractorPOSCO E&C
• ArchitectsKPFBAUM
Convensia Convention Center
Songdo International School• GFA
0.5 M SF(K-12, 2,200 students)
• Project Cost$150 M USD
• Scheduled CompletionJune 2009 (to open for2009-2010 academic year)
• General ContractorPOSCO E&C
• Planners/ArchitectsHarvard Advisory GroupKPF
Songdo International School
Central Park & Canal• Site Area
100 Acres(incl. 2,700 U/G parking spaces)
• Project Cost$230 M USD
• Scheduled CompletionAugust 2009
• General Contractor:POSCO E&C
• Planners/ArchitectsKPFTowers GoldeARUP
Songdo IBD Master Plan
Green Development Value
• Reduce operating & maintenance
costs
• Increase building value
• Leverage incentives to reduce
construction costs
• Set sustainable development
standards/create efficiencies
• Satisfy occupier/investor
eco-responsibility mandate
• Enhance brand image
Green Strategies: Value Creation
• Master planned environment
• 40% open space; 600 acres
• 100-acre Central Park
• Every block connects to public
gathering places and
walking/biking corridors
• Native or adapted species
used to minimize water use
Green Strategies: Open & Green Space
• Vegetated green roofs
reduce stormwater runoff &
mitigate heat island effect
• Central Park canals use
seawater versus fresh
• Efficient landscape design
• Water-saving irrigation
systems
• Reclaimed stormwater
• Re-use of treated greywater
Green Strategies: Water
• At or above ASHRAE standards
• Central co-generation facility;
efficient and clean energy
• Use of solar
• New technology installed
throughout the city saves energy:
– Custom AC units
– Gen2 elevators
– LED Traffic lights
– Pumps & motors
– Emission-free photovoltaic cells
Green Strategies: Energy Use
• Integration with subway system
• Expanded Incheon City bus
service
• 25 km of bicycle lanes
• Underground parking; 10% of
capacity is dedicated to fuel
efficient and carpool vehicles
• Garages designed to include
electrical vehicle charging
stations
Green Strategies: Transportation
• Target 75% construction waste
to be recycled
• Maximize sourcing of recycled
& locally produced materials
• Use of flyflash concrete on
select projects to realize 20%
Portland cement reduction
• Low-VOC materials will be
incorporated into all buildings
Green Strategies: Material Flows & RecyclingGreen Strategies: Material Flows
• Procurement & recycling
guidelines in place
• Facilities management and
maintenance contracts
mandate use of eco-friendly
products
• Smoking prohibited in public
and office spaces except for
designated areas
Green Strategies: Sustainable City OperationsGreen Strategies: City Operations
Green Development Value
• Partnership with Cisco
• First Global Center for Intelligent
Urbanisation located in Songdo
• Purpose: Use of technology
and networks to cultivate
sustainable, intelligent city
• “Green Aware”
– Power consumption
– CO2 emissions
– Water usage
Green Strategies: “Intelligent Urbanisation”
Green Development Value
• U-Life: citywide connectivity of
buildings, systems, objects and
people
• Increased value and efficiencies
for building owners
– Reduce operating costs
– Improve sustainability
– Enhance controls/responsiveness
• Improved quality of life for
residents, workers and visitors
Green Strategies: “Intelligent Urbanisation”The Fourth Utility – IT Networks
Green Development Value
“The goal is not to build
wired buildings and cities,
but to create inspirational
buildings and cities in
which technology enables
personal lifestyle choices
and corporate innovation.”
Stanley C. Gale, ChairmanGale International, LLC
Green Strategies: “Intelligent Urbanisation”The Fourth Utility – IT Networks
Green Strategies: Gale Global PartnersSongdo IBD Global Parners
RESPECT ESTABLISHED URBAN DESIGN PRECEDENTS
SUSTAINABLE DESIGN
FOCUS ON LONG-TERM ECONOMICS
EMBRACE NEW TECHNOLOGIES/INNOVATION
CONNECTIVITY & SYSTEMS INTEGRATION
PUBLIC-PRIVATE PARTNERSHIPS
FOCUS ON QUALITY
Songdo IBD Development Principles
INNOVATION & SUSTAINABLE DESIGN STRATEGIES
PUBLIC-PRIVATE PARTNERSHIPS
ECONOMIC OUTLOOK
EXECUTION – THE “SOUL” OF SONGDO IBD
Lessons Learned – Future Challenges
“Attempting a mammoth project like that (Songdo) would be a risky venture at
the best of times, let alone in the middle of Asia’s worst business slump since
the second World War. Putting it mostly in the hands of a single, largely
untested U.S. firm and financing it with recycled real estate profits sounds like
an act of lunacy. Yet this is what is happening in South Korea, and strangest
of all, it appears to be working.”
David McNeill, “Courage Essential as $40bn Korean Project Continues,”
Irish Times, May 18, 2009
“Courage Essential…”
World at the Crossroads
• 2008: 50% world population lives in
urban areas
• Asian urban population expected to
double by 2030
• Land & natural resources becoming
increasingly scarce
• Every week for the next 30 years, the
equivalent of a new 1M population city
is needed to accommodate projected
urban growth in developing countries
• Time to create a new urban model
Sources: 2007 UN Population Division
2006 World Urban Forum III
Future City Version 1.1 Meixi Lake, ChangshaHunan Province, China
G L O B A L V I S I O N .G L O B A L V I S I O N .
Introduction
Gale International is a premier, international real estate developer and investment firm
with decades of experience leading commercial, residential and mixed-use projects from
new landmark towers to city-scale development.
Gale International offices:● New York● Boston● Irvine● Seoul, South Korea● Songdo, South Korea● Changsha, China
Gale International offices:● New York● Boston● Irvine● Seoul, South Korea● Songdo, South Korea● Changsha, China
The Site Today
• 23 acres on South Boston’s
waterfront next to the city’s
financial district
• 1 million SF of land covering
20 city blocks
• Current use: 3700 parking
spaces
Master Plan
• $3.5 B development project• 6M SF on 23 acres of land
• 36% open space • World-class LEED Silver
Neighborhood – one of the largest in the U.S
Residential 2.5 M SF
Class A Office and Life Sciences 1.5 M SF
Retail 1.25 M SF
Cultural/Schools 600 K SF
Hotels 500 K SF
Massing & Program
G L O B A L V I S I O N .G L O B A L V I S I O N .
World at the Crossroads
• 2008: 51% world population lives in
urban areas
– Asia 1950: 17% Urban
– Asia 2050: 66% Urban
• Asian urban population expected to
double by 2030
• Land & natural resources becoming
increasingly scarce
• Time to create a new urban model
Source: 2007 UN Population Division
City-Scale Development Principles
RESPECT ESTABLISHED URBAN DESIGN PRECEDENTS
SUSTAINABLE DESIGN
FOCUS ON LONG-TERM ECONOMICS
EMBRACE NEW TECHNOLOGIES/INNOVATION
CONNECTIVITY & SYSTEMS INTEGRATION
PUBLIC-PRIVATE PARTNERSHIPS
FOCUS ON QUALITY
G L O B A L V I S I O N .G L O B A L V I S I O N .