Download - PHASE 3 AND PHASE 4 DEVELOPMENT PROPOSAL · PHASE 3 AND PHASE 4 DEVELOPMENT PROPOSAL Paramount Development Group Jinyu Chen, Matt Corcuru, Susanna Domosi, Jennifer Gallino, Romina

KEARNY POINT PHASE 3 AND PHASE 4

DEVELOPMENT PROPOSAL

Paramount Development Group Jinyu Chen, Matt Corcuru, Susanna Domosi, Jennifer Gallino, Romina Trieshi, Collin Whittmann

2 PARAMOUNT DEVELOPMENT GROUP |

Table of Contents

I. Executive Summary

II. Project Objectives

III. Project Overview (Phase 3&4)

IV. Phase 3

V. Phase 4

VI. Green Infrastructure, Sustainability, Weather

Resilience (applies to all proposed buildings)

VII. Traffic Flow/Road Infrastructure

VIII. Historic Preservation

IX. Financials

X. Conclusion

XI. Appendix


I. Executive Summary Paramount Development Group (PDG) is proposing the redevelopment of Kearny Point, formerly known as the Federal Shipbuilding and Drydock Company Shipyard. Located at 78 John Miller Way, Kearny, NJ in between Newark and Jersey City, the site is perfectly situated on a major highway. The location of the development site makes it ideal for redevelopment due to its accessibility. At its peak, between 1917 and 1943, the facility employed 52,000 people and constructed ships faster than any other shipyard in the world. Due to flood damage related to Superstorm Sandy, many of the buildings were vacated or demolished. PDG wants to maintain the site’s historic buildings and transform the former shipbuilding facility into a progressive and forward-thinking space of innovation and job creation. Kearny Point’s redevelopment will create a new destination for New York and Northern New Jersey residents. PDG’s goal for this redevelopment project is to increase economic prosperity by assisting in the creation of up to 10,000 new permanent jobs in Northern New Jersey. Additionally, we are hoping to restore tax revenue in the area and generate an attractive ROI for investors. This will be accomplished by providing opportunities for small businesses, entrepreneurs, nonprofits, and start-ups to have access to high quality and flexible spaces. The campus will also include a mix of office, retail, health care, fitness, hotel, and restaurant space. In addition to financial return and promoting opportunity, another important goal of ours is to build a sustainable and green campus. Amenities will include solar panels, electric car chargers, bicycle paths, green areas, and visible recycling. Kearny Point is a historical site, and we will preserve and celebrate the former Federal Shipbuilding facilities that resided there. The legacy of the local workers and their dedication to building vessels in WWI and WWII will be preserved by having plaques commemorate their contributions. Our vision for the Kearny Point campus is to capitalize on the themes of diversity, history, sustainability, and innovation. The wide range of spaces and amenities, the new development of the campus, and its green and sustainable infrastructure makes Kearny Point a unique destination for redevelopment, as well as an attractive financial opportunity for investors. II. Project Objectives Paramount Development Group shares Hugo Nue’s vision of creating a space that will assimilate with the adjacent community by transforming an underdeveloped and traditionally industrial site into a new destination. To achieve this vision, we have adopted the following objectives:

• Environmental Sustainability: Across the site, the developers’ main focus is to preserve and enhance the current landscape and ecosystems. By integrating our designs with the overall aesthetic of Kearny point, we seek to achieve LEED v4 BD+C Certifications across the new buildings located in the North and Central basins of the property. The addition of these energy efficient and environmentally focused practices will not only decrease the site’s carbon footprint, but also increase the quality of life in nearby communities.

• Economic Growth: The location of the site in-between two high-density areas (Newark & Jersey City) and the already proven concept of Building 78 supports our goal of complementing phases 1 & 2 with a mix of new tenants allocated within phases 3 & 4. This will add new jobs to the community and support local business owners by increasing the number of visitors to the vicinity.


• Employment Increase: Based on our prospective mix of tenants (retail, office, medical office, and hospitality) across phases 3 & 4, we will add approximately 2,000 new jobs ranging from entry level to highly skilled positions. The tenant distribution is based on the demographics of the area that will support lower-income communities, minorities, and entrepreneurs looking for qualified labor.

• Weather Resiliency: Superstorm Sandy’s effect on Kearny Point in 2012 proved that properties located near water basins are at high risk of flooding. PDG is integrating solutions that will not only utilize indigenous species of the area but prevent future flooding with a system that will let water in and out with the tides.

• Education: Hugo Neu’s vision to rehabilitate a low-density area and bring it back to the new millennia reiterates our goal of offering up to date educational programs that will not only engage the nearby communities but will also target diverse needs and interests.

• Historic Preservation: The rich history of Kearny Point as a shipyard and the important role it played during WWI and WWII is a focal point of the redevelopment project. Our goal is to educate the public about the importance of Kearny Point with an integrated narrative along our buildings.

• Increase the site’s accessibility and on-site transportation: Although Kearny point is strategically located near major city hubs like NYC, Jersey City and Newark, the current status of the transportation infrastructure needs modernization and expansion. For this reason, we have created a comprehensive transportation solution within the campus and nearby roads to improve traffic flow, ultimately increasing accessibility to important areas in the site.

• Flexible Infrastructure: Our proposal for Phases 3 & 4 seeks to seamlessly match the current plans of the developer by adding mixed tenants to the rest of the property. Our designs can serve a wide variety of tenants, decrease vacancy rates, and increase the number of potential signed leases.

III. Project Overview


All buildings on the Kearny Point Campus will be Class A and LEED Gold certified (see full details in sustainability section). PDG’s proposed environmentally sustainable infrastructure will set a new standard for Northern New Jersey development. In addition, all structures will maintain an industrial architectural design. The Kearny Point development site is an opportunity zone, which means it is a community where new investments can be eligible for preferential tax treatment. Federal taxes can be deferred on capital gains invested in Qualified Opportunity Funds. In order to reap the benefits of this incentive, our proposal includes large anchor tenants such as retailers, wholesalers, restaurants, a hotel, and a medical/fitness center. Based off of the Floor Area Ratio, our proposal utilizes 70 percent of the buildable square footage in Phase 3. In Phase 4, approximately 25 percent of the area is developed in order to leave ample space for a retail lined promenade and outdoor recreation. In the winter months, this area will turn into a holiday market to showcase local artisans, complete with an ice-skating rink. In the warmer seasons, this promenade will be used to host farmer’s markets to support locally grown food. In order to protect the site from rising water levels and the threats of another superstorm, the ground beneath Phase 3 & 4 will be raised above the floodplain. The current plan calls for the buildings to be built on top of a parking podium with the first level of occupancy being elevated at least 16 feet. We propose improving traffic flow by constructing a direct entrance from Hackensack Avenue to Building 6, and two new entrances to Building 5. Additionally, we propose building an on-campus road, allowing access to the parking entrances to Buildings 2, 4 and 5. Parking for Buildings 1 and 3 will be connected by inner-building roads within the ground floor. According Data USA, a market and demographic research source, Kearny, New Jersey currently has a population of around 42,000 and is expected to grow by 0.39 percent each year. The median annual household income is around $62,000, with a growth rate of 2.50 percent. This yearly increase in both population and income will further support the future retail and restaurants PDG proposes for Kearny Point. Our objective is to develop a campus that is diverse and inclusive. The population residing near Kearny, NJ is largely composed of minorities such as Hispanics and Asians. Creating job opportunities and cultural activities for these groups is an integral goal of PDG’s proposal. By constructing an innovative and eco-friendly development, we are not only raising the standard of living for Kearny NJ, but providing opportunities for those who typically do not have access to them.

Building Amenities: These amenities will be present in all proposed structures

Open layout Living walls

Loft offices Tenant lounge areas

Shared conference space Smart windows

Common Spaces High Speed Internet

Flex space (versatile space catered towards variety of different tenants)

Large glass facade mixed with industrial design for maximum sunlight

Access to outdoor roof deck Childcare


IV. Phase 3 Out of the total 170,000 sf available land for Phase 3, we propose developing two buildings totaling approximately 360,000 sf of gross space. The site plan consists of two commercial buildings made up of medical offices, retail, and a small restaurant space. Both buildings will be industrial in their architectural design in order to fit in with the rest of the planned Kearny Point development. The buildings will have parking available throughout the ground floors. Building A will be, 60,000 sf in the shape of a trapezoid, and building L will be 300,000 sf and L-shaped(see map). Additionally, both buildings will comply with the sustainability standards of our proposal, including being LEED Gold Certified (See section 7 for sustainability standard details). The space between the buildings will include greenery, walkways, and areas to sit and eat during the warmer seasons.

Market Demand for Medical Care, Fitness, Pharmacy Our plan to incorporate medical offices, a fitness center, and retail is supported by a report obtained through ESRI, a business analytics and global research platform. According to ESRI’s Health and Beauty Market Potential data, the most visited medical professionals in the last year within a 30 minute drive from Kearny Point were dentists, eye care professionals, and general/family practitioners. Additionally, we have found that a high number of adults in close range of Kearny exercise regularly. (See appendix for complete report of Sports and Retail Market Potential)

Building A: Health and Medical Center Our vision for Building A is a health and medical center dedicated to providing the people visiting or working at Kearny Point a one-stop-shop for all their wellness needs. The base of the building will be 20,000 sf with a height encompassing three stories, in addition to parking on the ground floor.

Building A: Stacking Plan (See appendix for complete Stacking Plan)


First Floor • Fitness Center: 15,000 sf with double height ceilings throughout half of the gym

o Recommended tenants: Blink, Planet Fitness, Equinox Health Food/Juice Bar: 1,000 sf

o Recommended tenants: Juice Press, Juice Generation, Jamba Juice • Pharmacy: 9,000 sf

o Recommended tenants: CVS, Walgreens

Second and Third Floor: • Medical Center: 9,000 sf of the second floor and 35,000 sf of the third floor will be allocated for

mixed used medical facilities. Our vision is to have medical professionals from different fields within medicine as tenants.

o Recommended Tenants: dentists, eye care professionals, general family practitioners

Market Demand: Significant Demand for Retail in Kearny Point The data we obtained and analyzed from the latest ESRI Retail Marketplace report indicates there is a surplus demand for retail within a 30 minute driving radius of Kearny Point. The businesses with the most significant gaps in supply and demand are Lawn & Garden Equipment, Wholesalers, General Merchandise Stores, and Grocery Stores. The total retail gap for these businesses is approximately $3.7B. (See appendix for complete Retail Marketplace Profile Report)

Building L: Mixed Use Retail

In order to meet the demands of individuals residing within a 30 minute drive from Kearny Point, we propose constructing building L as a mixed use retail building, which includes a grocery store, general merchandise store, and a wholesaler. The base of building L will be 100,000 sf with a height encompassing four stories, as well as parking on the ground floor. Truck loading docks along the south side of the building will be included. Like all buildings at Kearny Point, the architectural design will be industrial.


Building L: Stacking Plan (See appendix for complete Stacking Plan)

South Wing • Wholesaler: 50,000 sf single wholesale retailer space with tripe ceiling height

o Roof will be outdoor space provided for lawn/gardening section o Recommended tenants: Costco, Lowes, Home Depot

North Wing: The north wing will be divided into two retailers • Grocery Store: Two floors of 25,000 sf space with double ceiling height

o Recommended tenants: Trader Joe’s, Whole Foods • General Merchandise Store: Two floors of 25,000 sf space with double ceiling height

o Recommended tenants: Target, Walmart

V. Phase 4 Phase 4 will be the focal point of our proposal. This section of Kearny Point will truly define the location as a destination for surrounding counties. The site plan will consist of six commercial buildings made up of office, retail, and restaurant space. Parking will be located beneath the buildings. In total the commercial buildings will offer approximately 600,000 sf of rentable space. Paved walkways will border the nearby shoreline and extend in between each of the structures. Down the center of Phase 4 will be a promenade lined with retail and restaurant space. At the center of the promenade there will be a fountain/ice-skating rink. Each building’s industrial design works in harmony with the surrounding greenspace. The structures will all comply with LEED Gold standards and boast terraced outdoor space, rooftop access, state of the art technology, and sustainable energy initiatives. Additionally, the rooftops are to be designed for a variety of uses ranging from recreational spaces and a rooftop vineyard, to vertical farming and a bee apiary.


Office Space: As for tenants of the office space, we aim to attract small businesses owned by minority populations. The offices are designed for a range of tenant sizes. The spaces range from 250 sf up to 10,000 sf for anchor tenants. Recommended tenants include Serif and The Wing. Serif is coworking space dedicated to the LGBTQ+ community while The Wing is coworking space dedicated to women. Restaurant/Retail Space: There is over 190,000 sf of restaurant/retail space available for rent. PDG’s restaurant tenant recommendations are based on the demand ESRI’s Restaurant Market Potential report indicates. (See appendix for complete ESRI Restaurant Market Potential report). We propose a large portion of the restaurant tenants to be modeled after the Turnstyle Underground Market in Manhattan, which provides unique pop-up eateries. The promenade at Kearny Point will host a range of cultural foods and small minority owned stores in order to support the developers’ vision to create opportunities for underrepresented groups. Similar to Turnstyle, these spaces will include short term vendors. The promenade will be a dynamic center of constantly changing retail stores, businesses, and food options. PDG believes it is important to allocate space to a number of anchor tenants. Anchor tenants will include restaurants that are fast casual, casual dining, and premium casual. Kearny Point’s promenade will be an exciting new dining attraction for Northern New Jersey residents. PDG recommends anchor retail tenants who are members of the Sustainable Apparel Initiative. Our goal is to make not only the design of Kearny Point sustainable, but also attract the tenants who prioritize sustainability in their businesses. The overall design of Phase 4 is meant to incorporate history, sustainability, and industrial design. These staple points of the site make Kearny Point a destination for surrounding populations.

Hotel: The proposed hotel within Building 5 will be a business hotel to serve the needs of Kearny Point visitors. Based on allocated square footage, the structure will be an approximately 250 key hotel. Conference rooms and event spaces areas will be included for business luncheons and breakfast spreads.


Building Design: The various buildings are designed to cascade downward towards the water. Buildings 5 & 6 are the tallest with a height of six stories. Building 3 & 4 have five stories, and Buildings 1 & 2 have two stories. The front of Buildings 1 & 2 almost reach the Hackensack River, with open green spaces and walkways separating the structures from the water. The outlines of the structures roughly echo the shape of ships, serving as an homage to the site’s naval ship building history. (See appendix for complete Stacking Plan)

Buildings 1 & 2 Buildings 1 & 2 encompass a total of 60,000 sf. These structures overlook the Hackensack River and contain 35,000 sf of restaurant/retail space on the ground level. On the second level, there is 25,000 sf of office space. The roof has a rooftop vineyard, which is open to the public. The model for this rooftop is “Rooftop Reds,” located in Brooklyn, New York. The recreation roof of Building 2 will be used as an open garden for the public. In the warmer seasons, there will be opportunities to host movies on the rooftops, modeled after “Rooftop Cinema Club” in New York City.

Rooftop Cinema Club Rooftop Reds

Buildings 1 & 2: Stacking Plan (See appendix for complete Stacking Plan)


Building 3 & 4 The first and second floors of both buildings will consist of 25,000 sf of retail space. Each building will have 10,000 sf of space for the restaurants, in addition to designated areas for outdoor dining. The second floor above the restaurant space will have 10,000 sf of flexible office space. The third and fourth floors will accumulate to 45,000 sf of space per building for retail and small commercial offices. The rooftop of Building 3 will be dedicated to a bee apiary, while the rooftop of Building 4 is home to Kearny Point’s very own vertical farm. Both rooftops are possible through a partnership with Brooklyn Grange.

Bee Apiary Vertical Farming

Buildings 1 & 2: Stacking Plan (See appendix for complete Stacking Plan)

Market Demand for a Hotel

The developers of Kearny Point are currently marketing Phase 2 development areas to film production companies, and expect to have studio operators in place soon. After speaking with several film industry experts, we have learned that film production companies utilize nearby hotels to house cast and crew members while in the process of filming. We also learned that most production studio locations do not offer the same amenities that PDG proposes for Kearny Point. Our proposed


development of fitness centers, retail shops, restaurants, and other amenities would set Kearny Point apart as a production studio location. Having a hotel available for utilization by production companies in addition to all the proposed amenities would redefine the experience of filming. Additionally, Kearny Point’s proposed hotel is in close proximity to Newark and New York City airports, making it an ideal choice for travelers to stay at the night before an early flight.

Building 5 Our vision is for Building 5 to be the focal point of Phase 4. Building 5 will be one of the tallest structures in the development area in order to ensure unobstructed views of the river, as well as of the New York City skyline. We propose the construction of a skybridge connecting the two wings of the building. In addition to hotel rooms, we would like to include office, retail, and restaurant space in Building 5. The roof of the hotel will include a restaurant space. An ice-skating rink that turns into a fountain or an artistic center piece in the summer months will be in the courtyard of the hotel.

Broadgate Circle - London Deer Park Tanger Outlets

Building 5 Stacking Plan (See appendix for complete Stacking Plan)


Building 6 Building 6 will have 80,000 sf of gross tenant availability which will be divided into offices, educational spaces, a fitness/recreational center, a daycare center, and a restaurant. The building at its tallest will stand at five stories with an additional green rooftop. The second half of the building will stand at three stories, with the roof providing an open green terrace for the office space on the fourth and fifth floors. Daycare facilities are proposed to occupy 10,000 sf. The 27,000 sf fitness/recreational area of the building will include a pool, basketball court, bowling lanes, yoga/fitness studios, and a track. The restaurant of 3,000 sf will target a healthier menu, due to its shared tenants in the building. For educational opportunities in Building 6, we would like to include a 20,000 sf educational area offering rotating classes to be held at the facility. The space is substantial, so it is flexible, and can be utilized by different organizations. Daycare Swimming Pool Bowling Alley

Market Analysis for Fitness and Recreation

According to the latest ESRI Sports and Leisure Market Potential report, a large number of the population residing within a 30 minute drive from Kearny Point spend their leisure time bicycling, jogging/running, swimming, weightlifting, and practicing yoga. Due to these findings, we propose including a fitness facility into Building 6 to promote a healthy lifestyle for tenants, as well as to follow market trends of healthy consumer driven decisions. Kearny Point offers extensive office space, and one of the most highly valued amenities within an offices is children’s daycare facilities. Beyond the employees working at the offices, clients using fitness facilities or customers shopping could utilize this daycare center to drop off their children while they shop or exercise. There has also been a lot of interest in cooking for leisure purposes according to the ESRI report. Approximately 23 percent of individuals in the area cook as a recreational activity, therefore we recommend having cooking classes or a culinary school as a main tenant for the educational area of Building 6. Another possible partnership is with Harlem Growth. This organization is a non-profit farm school aiming to educate kids on nutrition, sustainability, and urban farming.


Building 6 Stacking Plan (See appendix for complete Stacking Plan)

VI. Green Infrastructure, Sustainability, Weather Resilience (applies to all proposed buildings) Kearny Point’s developers have made a conscious effort to create a sustainable and weather resilient environment for its development site. Kearny Point has already used up to 1M cubic yards of soil to raise land elevation, and over $15M in upgrading water, sewer, and utilities to protect the campus from future flooding. We would like to further the sustainability and weather resilience goals by incorporating green initiatives to give back to the environment, as well as to create a safe and healthy space for visitors and tenants. We propose the following solutions: Air Cleaning Facade We are going to treat all new surfaces built on the development site with PURETi. PURETi treated surfaces prevent the growth of grime and have the ability to reverse pollution outdoors. Indoors, this treatment eliminates odors and improves air quality. PURETi also helps keep buildings and windows stay cleaner, both inside and outside. One long lasting application saves time, money, water, chemicals, and energy. Spraying PURETi at the end of a construction process very cost effective one gallon covers 3,000 to 4,000 square feet at a price of $50 per gallon,and can save thousands in cleaning costs in the future, as well as provide substantial health benefits through improved air quality.

Benefits

Pollution -Treated roads and buildings eat smog and reverse pollution by reducing criteria pollutants like NOx and PM 2.5. As powerful as planting trees.

Self-Cleaning -Windows, roofs and facades stay twice as clean for twice as long. Building appearance is preserved and maintenance reduced. -PURETi Clear can be spray applied to any clean glass – it dries to form a clear, invisible, nano-thin film that is durable bonded to the glass.


Odor Elimination

-Scrubs air free of smoke, pet, food, or human odors. PURETi doesn’t mask odors rather it breaks them down.

IAQ Improvement

-PURETi treated windows, window coverings, and light fixtures act as air scrubbers to reduce VOCs in interior spaces by 50 percent or more.

Sustainability -Saves energy with cooler roofs and cleaner PV panels. Saves water and chemicals with reduced washing. Enhances brand and building value.

Cost Savings -PURETi pays for itself by reducing maintenance costs. Hard ROI savings in labor, energy, water and chemical use.

White Roofs -White roofs are an important element of an energy saving strategy. Roofs lose their reflective capacity by 30 percent or more as they soil. One spray application of PURETi can break down organic matter that soils the roof.

SMART Windows We plan on installing SMART windows into all new buildings. SMART windows provide luxury glass products with WiFi-connected tint controls. The settings can be managed through an app on an Android or iOS device. The manufacturer VIEW projected cost to be anywhere from $50 to $100 per square foot for smart glass windows, as compared to $10 to $15 per square foot for regular glass.

Benefits

Boost Health & Productivity

-Reduce workers headaches, eye strains, and drowsiness by more than 50 percent while increasing productivity.

Increase Value -Attract tenants faster while commanding higher rents and increasing building value

Save Energy -Reduce lighting and HVAC electricity by up to 20 percent


Solar Panels We propose to install solar power systems on top of buildings to derive clean, pure energy from the sun. Installing solar panels on our new buildings will help combat greenhouse gas emissions, reduce our collective dependence on fossil fuels, and reduce Kearny Point’s carbon footprint. As of December 2015, the renewable energy tax credit law was enacted by the US Federal Government. This tax law allows a taxpayer to claim a credit of 30 percent of qualified expenditures for a solar system that serves a dwelling unit located in the United States. The average cost of solar panels per watt in New Jersey is $3.81/watt. Below is an example breakdown of the tax law savings in New Jersey:

Ensure that all buildings are LEED Gold Certified All buildings will be LEED Gold certified which requires 60-79 points to gain the certification. This recognition and is the highest category of LEED certification. Under LEED, the new development will reduce building operation and maintenance costs while promoting a great working and indoor environment for all building users. It will also create a healthier and more productive workplace as well as increase building valuation.

Designate minimum 10 percent priority parking for green vehicles Kearny Point will provide electric and hybrid vehicles access to the conveniently located parking spots to raise awareness of ecological issues and reward drivers who are doing their part to reduce carbon emissions. Allowing alternative-fuel vehicles special parking privileges will also allow Kearny Point to gain three points towards a LEED certification, the organization’s green-building stamp of approval. We will also install charging stations for employees and customers to charge their cars while they are at work, enjoying the campus, or running errands. There is a NJ Workplace Charging Grant Program that offers up to $250 for the purchase and installation of a Level 1 charging station, and up to $5,000 per Level 2 charging station. The program “It Pay$ to Plug In” offers approximately $725,000 in reimbursement grants to employers to offset costs of purchasing and installing charging stations.


Internet of Things and Smart Building Technology The Internet of Things is a network of sensors, meters, appliances, and other devices that are capable of sending and receiving data. Smart technology can also help determine where large costs are coming from, and can help make a strategic plan to reduce them. Examples include:

Benefits

Air Quality Monitoring

-Tracking carbon dioxide or particulate matter levels can help determine if the ventilation system is bringing in too much or too little outside air

Space Management

-Incorporate IoT devices into meeting rooms and other common spaces to track occupancy and space utilization

Security -IoT capabilities can be integrated into surveillance cameras, smart locks, credential readers, and other physical security devices. This can allow tracking of customers in certain locations, and can also apply to IoT-enabled locks - An invisible barrier that alerts you of breaches lets security staff respond much more quickly

Fire and Life Safety

-Smart devices can be linked to emergency alarm and mass notification systems. Lighting controls that would otherwise shut off in case of an emergency will keep lights on, allowing people to evacuate safely

Vibration Safety -Sensors that monitor vibration can be used to reduce noise during a building expansion, or monitor the health of fans and other machinery.

Visible Recycling Throughout the campus on Kearny Point, we are going to place an open recycling plan both indoors and outdoors. In order to maintain a best recycling practice, we will keep consistent color-coding throughout the facility for each stream. We will use recycling graphics to help non-English speakers participate in the recycling program as well. Vertical Farming and Bee Apiaries On a select number of rooftops, we have placed implemented vertical farming and bee apiaries. This is possible through our partnership with Brooklyn Grange. The vertical farming utilizes 70 percent less water than traditional routes. It also provides locally grown food, green jobs, and educational opportunities. The use of these farms would match our green infrastructure goals and give our buildings LEED credits. The bee apiaries will provide pollination and honey harvesting opportunities for surrounding counties. Weather Resiliency One of our major goals for all phases of Kearny Point is to develop a weather resistant campus. After understanding the devastating impact that Superstorm Sandy had on Kearny Point and its previous tenants, we are driven to create a weather resilient development. Our model is based on Hunter's Point South Park in Long Island City. This innovative solution integrates native plant species and weather


resilient concrete structures to protect the water basin and ponds located at different heights. These structures allow water to flow in and out of the basin whether there is a high or low tide. The system seeks to compliment the natural flow of water. Such a system was proven to be successful at Hunter's Point South. The park only completed its first phase when Superstorm Sandy hit, yet the excess water was fully evacuated in just a couple of days.

Hunter’s Point South Park – Long Island City VII. Traffic Flow/Road Infrastructure In accordance with Kearny Point’s goals and objectives of green infrastructure, our proposal aims to use some of the latest technological innovation to reduce pollution while commuting to or within the campus. The Kearny Point development is approximately 130 acres, and we strive to make commuting from one side of the campus to the other as easy as possible for our tenants and visitors. We propose to provide available space for public bike rentals by adding numerous bike stations at different sites throughout the campus. This energy efficient way of transportation will make travel through Kearny Point easy, accessible, convenient, and eco-friendly. Along Hackensack Avenue, we will provide road lights equipped with Electrical Car Chargers. The cost for this proposed technology ranges from $2,300 to $6,000. In total, there will be five stations, summing the cost range from $11,500 to $30,000. As another added feature of travel throughout Kearny Points campus, we are planning to use electric minitrams or electric minibuses. The cost for these vehicles range from $25,000 to $50,000, depending on the type, year of production, size, and options offered inside the vehicle. The passenger capacity ranges from 15 to 30 passengers per minibus. These electric minitrams can be charged using the electric


charging stations that are placed throughout the campus, and will help reduce carbon monoxide emissions, as well as the overall campus carbon footprint. Traffic flow to Kearny Point will be improved by constructing a direct entrance from Hackensack Avenue to Building 6, and two new entrances to Building 5. Additionally, we propose building a property road, allowing access to the parking entrances to Buildings 2, 4, and 5 (See attached map). Parking for Buildings 1 & 3 will be connected by inner-building roads within the ground floor. Each building will have parking classified by different colors, allowing visitors to easily locate their vehicles. Additionally, inner-roads will be assorted with signs and tables to indicate directions to each building. Taking into consideration that Building L in Phase 3 is dedicated to wholesalers and big retail tenants, the parking site from the Central Avenue entrance on the South Side of the building will be dedicated to the shipping trucks for operational processes. The open area in between Buildings L and A, as well as the promenade in between the complex of Phase 4 buildings will be dedicated to pedestrians. Offering a pedestrian multi-use outdoor area consisting of outdoor tables, concrete benches, and living walls are additions to Kearny Point that will make the development feel like a true destination for visitors and local residents. In order to accomplish the long term goal for the site to become a destination, we believe an easy and convenient commute to New York and Manhattan is crucial. In order to attract more visitors, our plan is to utilize the small marina located in the North Basin of the campus to build a dock. The dock will host a ferry route between Kearny Point and Downtown Manhattan. VIII. Historic Preservation Kearny Point’s decisive role during World War II as the Navy’s most important shipyard is an important factor to be considered when thinking about the development project. We share Hugo Nue’s perspective on adding design elements from the existing infrastructure. Additionally, we want to tell every visitor about the vibrant history of the site and it’s famous ships. PDG’s vision for preserving the rich history of Kearny Point is divided into two parts: Part One: Target the rehabilitation of existing infrastructure that can be reused within public spaces to transport visitors to the shipyard’s golden days, while maintaining an environmentally friendly design. We are basing our assumptions on existing successful projects such as the HighLine in New York City. We are reusing the existing materials taken from the trolly tracks inside the campus to delineate some of the pedestrian paths between buildings. A few tracks will remain in their original locations and will be fused with the landscape by adding native plant species. The Highline- New York City


Part Two: PDG’s concept for part two of historic preservation is an integrated narrative. Designated historical areas will be allocated throughout not only Phases 3 & 4, but also the entire campus. In order to achieve this, we propose two solutions that can be executed either separately or together.

Option A is a cost-effective solution to historical preservation. Installing ship-shaped bronze plaques on the building’s facades (avg. $300 per unit) will tell the stories of the ships built in the yard. The plaques aim to describe the journeys throughout the wars of the ships built at Kearny Point, honoring the shipbuilders’ service while promoting Kearny Point’s historic legacy.

Option B will complement the previous option while incorporating technology and increasing the site’s internet infrastructure. This solution will install 10 ft tall “Links” across multiple locations that provide free wi-fi, free phone calls, charging stations, and LED screens on both sides. One side will be used to screen content telling the story of the site and its historic legacy, while the other side will be used to display ads. The approximate cost per unit is about $50,000, but the initial investment can be quickly recovered from marketing ads. This solution not only provides additional technological benefits and sources of revenue, it also showcases the history of Kearny Point.

Links – New York City IX. Financials


X. Conclusion Paramount Development Group’s proposal for Kearny Point will transform the historic site into an innovative, creative, and sustainable use of property by being a cultural center for minority groups and underrepresented populations. Within 20 of the total 130-acre site, PDG’s vision will create over 2,000 jobs. Investment into Kearny Point provides an opportunity for financiers to invest in an historical and diverse community on the rise. Welcome to the new Kearny Point!