11:15 AM - Track AWag the

Dog: Construction Financing Obstacles &

Solutions

Author: Richard Browne – Managing Partner - SPD

Weighing the Opportunities and Risks of Construction Financing & Investment

Questions to Consider when Predicting the Most Probable Outcomes

• Is the project team qualified?• Are the budget and schedule assumptions reasonable?• How is the work being procured? (Cost Plus? / GMP/ Lump Sum? Incentives?)• How are execution risks being mitigated? (Bonding? / SDI? / OCIP? / CCIP? / LD’S?)• Can the developer easily access additional capital if needed?• Who is in the capital stack and why? • What are my legal rights and remedies to address execution issues?• Is this a property I am willing to own if I had to?

• AECOM Capital was founded in 2013 by AECOM (NYSE: ACM). AECOM is a Fortune 150 Company and a global provider of Architecture, Design, Engineering, and Construction Services.

• AECOM Capital Fund I has invested in 16 projects, with a total development value of $3.8 billion and 10 million square feet. Investment Strategy $10-$30 million of GP capital in development or value-add projects in the top 25 U.S. Gateway cities and select European

cities. Partner with best-in-class sponsors/developers, including Mack Real Estate, Toll Brothers, Rockefeller, and Lowe Enterprises. Primarily invest in the multifamily, condo, hotel, office, and mixed use sectors. AECOM affiliates (Tishman Const. and/or Hunt Const.) provide construction management services on all AECOM Capital

projects. Case StudyFlushing Commons | Mixed-Use Development |

Queens, New York Flushing Commons is a $1Bn master-planned development in the heart of Downtown Flushing, Queens. Phase I ($327M total project cap.) is a JV partnership between Rockefeller, F&T, AECOM Capital (GPs),

and Fortress Investment Group (LP). The project consists of a 17-story residential and a 13-story office tower with 90 office condominiums, 148 residential condominiums, ~30k SF of retail space, and a 982-space parking garage.

Phase I’s residential and office condos are 98% pre-sold. Deal-level returns are projected at a 41% IRR and 2.7x equity multiple.

Phase II ($677M total capitalization) is in the conceptual planning phase. The project will consist of ~540k SF of residential condominiums and rental apartments, ~70k sf of office condominiums, a YMCA and a community facility.

AECOM Capital Overview

11:15 AM - Track BChange or Die: Innovations in Technology, Engineering

& Design

Reforming the Energy Vision (REV)

Author: Mark Boekenheide, SVP Design

Hudson Yards Related Companies / Oxford

• Evolution of Design & Construction Methodology

• Unique Responses to site and Context

• Project Scale Demands Large Scale Connectivity

Author: Mitchel W. Simpler, PE, FACEC

Change or Die: Innovations in Technology, Engineering & Design

Tomorrow’s Vertical Cities Photovoltaic and Network Sensitive Surfacing Intelligent Building Climate Control and Ventilation

Systems Intelligent Self-Sustaining Energy-Efficient

Structures (Monitoring consumers, producers and grids)

Smarter Central Remote Building Monitoring and Optimization

Maximum Compatibility with Simpler Interfaces (Plug & Go)

Functional Construction Material (Maglev Elevators)

Advanced Security-Critical-Area Protection

Author: AJ Pires

DUMBO Townhouses

12:15 PM – Track AFuture Proofing: Redevelopment

& Rethinking of Existing Structures

Author: Jeff Davis

425 Park 390 MadisonNorman Foster Designed

First new office building on Park Ave. in 50 years

25% of existing structure has to be maintained

670,080 RSF

893’6” building height (to top of glass feature)

Existing non-conforming

Redistribution of existing FAR to support better space/ leasing

Height increase to under the ICAP limit (under 400 ft)

Elevations tell the unique story of its transformation

• A part of a $400MM renovation, this restoration made real estate history.

• El Ad meticulously restored and revamped the building located at this illustrious and coveted address into 180 private condominiums, 130 hotel condominiums, spacious hotel rooms and 160,000 square feet of retail space.

• The Plaza achieved record breaking sales with prices exceeding $6,300 PSF for the private residences and $4,300 PSF for the hotel condominiums.

The Plaza Hotel and ResidencesCentral Park South, Manhattan

12:05 PM – Track BIt’s Complicated: Public-

Private Relationships on Real Estate Developments &

Infastructure

Author: Peckar & Abramson, P.C.

New York City: Government Spending on Public Works

content source: New York Building Congress, NYC Construction Outlook, 10.25.16

Author: Miriam Harris, Trinity Place Holdings, Inc.

77 Greenwich Street

A Private Site A Public School A Landmark Mixed Use Building Subway Improvements A New Park A New Neighborhood