CUSHMAN & WAKEFIELD
BUILT TO LEAD.
cushmanwakefi eld.com
With over 43,000 employees in over 60 countries.
4.3 billion square feet of space under management.
$191 billion in transactions.
$5 billion in revenues.
Built to help clients reach their full potential.
Cushman & Wakefi eld is a leader in the global real estate marketplace, putting the client at the center of everything we do.
04.18.16 Spring ULI Program – Capital Markets.indd 1 3/8/16 1:18 PM
Program
PREIT® WELCOMES URBAN LAND INSTITUTE’S SPRING MEETING TO PHILADELPHIA.Headquartered in Philadelphia, we are the dominant mall land- lord in this region, and we own and operate 27 million square feet of retail space in the eastern half of the US with concentration in the Mid-Atlantic region’s top MSAs.CHERRY HILL MALL Cherry Hill, NJ
EXTON SQUARE Exton, PA
FASHION OUTLETS OF PHILADELPHIA @ MARKET EAST Philadelphia, PA
MOORESTOWN MALL Moorestown, NJ
PLYMOUTH MEETING MALL Plymouth Meeting, PA
SPRINGFIELD MALL Springfield, PA
WILLOW GROVE PARK Willow Grove, PA
200 South Broad Street n Philadelphia, Pennsylvania 19102 n 215.875.0700 n preit.com
MOORESTOWN MALL
EXTON SQUARE
WILLOW GROVE PARK
PLYMOUTH MEETING MALL FASHION OUTLETS OF PHILADELPHIA @ MARKET EAST
CHERRY HILL MALL
SPRINGFIELD MALL
16COR190 ULI Spring Meeting ad_4x9.indd 1 3/3/16 8:52 AM
1#ULISpring
Table of Contents
2016 ULI Spring Meeting Corporate Partners & Sponsors 2
Registration 8
ULI Information Desk 8
ULI Central 9
Things to Know 10
Program Focus 14
Program Wednesday, April 20 . . . . . . . . . . . . . . . . . . . . 20 Thursday, April 21 . . . . . . . . . . . . . . . . . . . . . 33
Committee Meetings and Special Events Tuesday, April 19 . . . . . . . . . . . . . . . . . . . . . . 49 Wednesday, April 20 . . . . . . . . . . . . . . . . . . . . 50 Thursday, April 21 . . . . . . . . . . . . . . . . . . . . . 51
Council Receptions & Dinners Wednesday, April 20 . . . . . . . . . . . . . . . . . . . . 54
Council Meetings Wednesday, April 20 . . . . . . . . . . . . . . . . . . . . 56
Networking Events & Receptions Tuesday, April 19 . . . . . . . . . . . . . . . . . . . . . . 60 Wednesday, April 20 . . . . . . . . . . . . . . . . . . . . 60 Thursday, April 21 . . . . . . . . . . . . . . . . . . . . . 61
Tours Tuesday, April 19 . . . . . . . . . . . . . . . . . . . . . . 63 Wednesday, April 20 . . . . . . . . . . . . . . . . . . . . 64
People to Thank 65
People to Know 69
2 32016 ULI Spring Meeting #ULISpring
2016 ULI Spring Meeting Sponsors
ICON
2016 ULI Spring Meeting Sponsors
PLATINUM
PRINCIPAL
4 52016 ULI Spring Meeting #ULISpring
2016 ULI Spring Meeting Sponsors
GOLD
2016 ULI Spring Meeting Sponsors
SILVER
6 2016 ULI Spring Meeting
2016 ULI Spring Meeting Sponsors
BRONZE
BLT ArchitectsCarl M. Freeman Companies
Concord Engineering Group, Inc. Cooper's Ferry Partnership
Drexel UniversityDrinker Biddle & Reath LLP
Environetics Design Inc.The Graham Company
GREYSTARThe Harman Group
High Real Estate Group LLCJacobs
JKRP ArchitectsJLL
Kaplin Stewart Meloff Reiter & Stein, P.C.KETTLER
Klehr Harrison Harvey Branzburg LLPKorman Communities / AKA
Lancaster City AllianceLF Driscoll Construction Management
Lowe EnterprisesManko, Gold, Katcher & Fox LLP
NBBJO'Donnell & Naccarato, Inc.
Pelli Clarke Pelli Architects, Inc.Pennoni
PIDCPivotDesk
Radnor Property Group LLCRETTEW
Southern Land Company, LLPStrada Architecture LLC
University City Science CenterWohlsen Construction Company
We’re reimagining the future of energy. And powering our region today.
At PECO, we’re providing the energy services needed to drive innovation, attract businesses, create jobs and build a booming economy—today and tomorrow. With Greater Philadelphia’s unmatched resources, we’re delivering on our promise of safe, reliable, affordable, clean energy, every day. Because we have powered the region’s past and will continue to power its future.
Learn more at peco.com/economic
PECO. The future is on.
© PECO Energy Company, 2016
8 92016 ULI Spring Meeting #ULISpring
ULI CentralStop by ULI Central to find out more about ULI’s upcoming and ongoing programs . Be sure to pick up or download several complimentary reports and Urban Land magazine, and to nominate a rising star in the real estate industry in Urban Land’s 40 Under 40 competition . Feel free to take advantage of the seating in this area for networking .
ULI Central is located in the Grand Hall on the second floor of the Pennsylvania Convention Center. Please visit during the following hours.
Tuesday, April 19 7:00 a .m . – 7:00 p .m .
Wednesday, April 20 7:00 a .m . – 7:00 p .m .
Thursday, April 21 6:30 a .m . – 8:00 p .m .
Thank you to our sponsors that will have a table display by ULI Central
Table #1 City of Las VegasTable #2 Able ServicesTable #3 Wall Street JournalTable #4 Turner ConstructionTable #5 Implan
Registration Name badges, meeting materials, and tickets for tours and other optional events can be picked up at the ULI Registration Center located in the Grand Hall on the second floor of the Pennsylvania Convention Center .
Registration Hours
Tuesday, April 19 7:00 a .m . – 7:00 p .m .
Wednesday, April 20 7:00 a .m . – 7:00 p .m .
Thursday, April 21 6:30 a .m . – 5:00 p .m .
Lanyards sponsored by Hotel keycards sponsored by
Self-check in kiosks sponsored by
ULI Information DeskULI staff members are available to answer your questions and help you navigate the 2016 ULI Spring Meeting . The ULI Information Desk is located in the Grand Hall on the second floor of the Pennsylvania Convention Center .
Information Desk Hours
Tuesday, April 19 7:00 a .m . – 7:00 p .m .
Wednesday, April 20 7:00 a .m . – 7:00 p .m .
Thursday, April 21 6:30 a .m . – 5:00 p .m .
10 112016 ULI Spring Meeting #ULISpring
Things to KnowLuggage StorageFor your convenience, you can check and store your luggage with convention center staff at the Pennsylvania Convention Center . The storage area is located in the Grand Hall on the second floor of the Pennsylvania Convention Center, near the ULI registration center and will be open on Thursday, April 21, from 6:30 a .m . to 8:00 p .m .
Stay Connected While at the ULI Spring MeetingWi-fi will be available free of charge in the Pennsylvania Convention Center . The name of the network is “@prologis” and no password is required .
Sponsored by
Charging StationsCharging stations are located throughout the Pennsylvania Convention Center and are generously sponsored by Google Fiber . Come by to plug in and have a conversation while you bring your mobile device back to life .
Sponsored by
Transportation Services The ULI Spring Meeting is headquartered at the Pennsylvania Convention Center, which is within a short walking distance of official ULI meeting hotels .
Tour Transportation: All buses will depart from the Pennsylvania Convention Center (PACC) on 12th Street at Arch Street under the tunnel . This location is accessible from the Pennsylvania Convention Center East or West Street Level .
Council Transportation: Please review your Council Agenda for specific details .
ULI HotelsCourtyard by Marriott Downtown 21 North Juniper Street 215-496-3200
Hampton Inn Philadelphia 1301 Race Street 215-665-9100
Hilton Garden Inn 1100 Arch Street 215-923-0100
Home2 Suites by Hilton Philadelphia 1200 Arch Street 215-627-1850
Le Méridien Philadelphia 1421 Arch Street 215-422-8200
The Logan Philadelphia 1 Logan Square 215-963-1500
Philadelphia Marriott Downtown 1201 Market Street 215-625-2900
The Ritz-Carlton, Philadelphia 10 Avenue of the Arts 215-523-8000
Things to KnowNeed Help? Have a Question?ULI staff are wearing green lanyards and can answer your questions . ULI meeting staff are also wearing “Let me help you” buttons . We’re here to help!
Plan Your Spring Meeting with The ULI Events AppOptimize your experience at the Spring Meeting with the free ULI Events app . Plan your schedule, connect with leaders from across the real estate industry, and share your experience via Twitter, Facebook, YouTube, and LinkedIn directly from the app .
Features include a customized schedule with your top picks from all sessions and events, lists of the speakers and attendees, and alerts about can’t-miss extras at the meeting .
Download the app for iPhone, iPad, and Android devices at uli .org/mobile .
Sponsored by
Visit the iTunes Store or Google Play and download the ULI Events App today!
Follow the Spring Meeting on Twitter
#ULISpring
www.morganlewis.comThis material is provided for your convenience and does not constitute legal advice or create an attorney-client relationship. Prior results do not guarantee similar outcomes. Attorney Advertising. © 2016 Morgan, Lewis & Bockius LLP
CONTACTS
Eric L. SternReal Estate Practice Co-Leader [email protected]
Richard A. ToelkeReal Estate Practice [email protected]
GLOBAL REACH, LOCAL INSIGHTOur team of lawyers provides insightful, practical advice on sophisticated issues. We stay on top of our clients’ businesses and evolving needs, understanding them from the inside out. We’re there as agile partners when clients need us—wherever and whenever deals are done.
14 152016 ULI Spring Meeting #ULISpring
PROG
RAM FO
CUS
The following is a list of concurrent sessions to help you find the program best suited to your interests . Program descriptions begin on page 20 .
GENERAL SESSIONS
Espousing Client, Crew, and Community in Today’s Global Marketplace Pennsylvania Convention Center, Ballroom AB Wednesday, April 20, 2016, 12:45 p .m . – 1:45 p .m .
Capital Markets: Where Are We Now and Where Are We Going? Pennsylvania Convention Center, Ballroom AB Wednesday, April 20, 2016, 5:00 p .m . – 6:15 p .m .
A New National Housing Policy Pennsylvania Convention Center, Ballroom AB Thursday, April 21, 2016, 8:00 a .m . – 9:00 a .m .
The Signal and the Noise: What to Expect in 2016 Pennsylvania Convention Center, Ballroom AB Thursday, April 21, 2016, 5:00 p .m . – 6:15 p .m .
FINANCE
Small-Scale Development Deals: Perspectives from the Capital Sources Pennsylvania Convention Center, Room 204-AB Thursday, April 21, 2016, 9:30 a .m . – 10:45 a .m .
Reaching for the Future: Development Examples and Tools for Successful Public/Private Partnerships Pennsylvania Convention Center, Room 204-AB Thursday, April 21, 2016, 11:15 a .m . – 12:30 p .m .
Learning in Real Time: Experts Share Their Forecasts for Real Estate in ’16, ’17, and ’18 Pennsylvania Convention Center, Room 204-AB Thursday, April 21, 2016, 1:30 p .m . – 2:45 p .m .
LEADERSHIP
Making It in Real Estate: Buying It Right Pennsylvania Convention Center, Room 204-AB Wednesday, April 20, 2016, 2:00 p .m . – 3:00 p .m .
Generations of Change: Managing Ideas and Styles between Generational Leaders Pennsylvania Convention Center, Room 204-AB Thursday, April 21, 2016, 3:15 p .m . – 4:30 p .m .
PHILADELPHIA STORY
The Navy Yard: A Campus Built for Business Growth Pennsylvania Convention Center, Room 201-C Wednesday, April 20, 2016, 3:30 p .m . – 4:30 p .m .
Can You Name This Place? (Hint: It’s Philadelphia) Pennsylvania Convention Center, Room 202-AB Thursday, April 21, 2016, 9:30 a .m . – 10:45 a .m .
Innovation Nation in West Philadelphia: Eds-and-Meds Creating Technology and Community Pennsylvania Convention Center, Room 202-AB Thursday, April 21, 2016, 11:15 a .m . – 12:30 p .m .
Building upon a City of Neighborhoods: Achieving and Sustaining Great Neighborhoods Pennsylvania Convention Center, Room 202-AB Thursday, April 21, 2016, 1:30 p .m . – 2:45 p .m .
Philadelphia: A Modern Renaissance City Pennsylvania Convention Center, Room 202-AB Thursday, April 21, 2016, 3:15 p .m . – 4:30 p .m .
PRODUCT AND MARKET TRENDS
From Malibu to Main Street: Pop-Up Retail and Other Innovative Retail Concepts Pennsylvania Convention Center, Room 203-AB Wednesday, April 20, 2016, 2:00 p .m . – 3:00 p .m .
Crowdfunding: Reality Test Drive Pennsylvania Convention Center, Room 204-AB Wednesday, April 20, 2016, 3:30 p .m . – 4:30 p .m .
Mine-Yours-Ours: The Development Opportunities in Shared Space Pennsylvania Convention Center, Room 204-C Wednesday, April 20, 2016, 3:30 p .m . – 4:30 p .m .
New Approaches to Bringing Healthy Food to Underserved Places Pennsylvania Convention Center, Room 203-AB Thursday, April 21, 2016, 9:30 a .m . – 10:45 a .m .
Trends in Transportation and Real Estate Pennsylvania Convention Center, Room 203-AB Thursday, April 21, 2016, 11:15 a .m . – 12:30 p .m .
PROGRAM FOCUSPROGRAM FOCUS
16 2016 ULI Spring Meeting
PRODUCT AND MARKET TRENDS
Innovations in Housing Design and Development Pennsylvania Convention Center, Room 203-AB Thursday, April 21, 2016, 1:30 p .m . – 2:45 p .m .
Next Stop, the Suburbs: What Is a Suburb? Pennsylvania Convention Center, Room 203-AB Thursday, April 21, 2016, 3:15 p .m . – 4:30 p .m .
REAL DEALS
New Residential and MPC Models That Ensure Success Pennsylvania Convention Center, Room 201-AB Wednesday, April 20, 2016, 2:00 p .m . – 3:00 p .m .
Reclaiming the Waterfront Pennsylvania Convention Center, Room 202-AB Wednesday, April 20, 2016, 2:00 p .m . – 3:00 p .m .
Developing Multifamily Rentals (Really?) Pennsylvania Convention Center, Room 201-AB Wednesday, April 20, 2016, 3:30 p .m . – 4:30 p .m .
Where’s the Next Emerging Urban District? (And What Do You Do When You Get There?) Pennsylvania Convention Center, Room 202-AB Wednesday, April 20, 2016, 3:30 p .m . – 4:30 p .m .
REAL ESTATE INNOVATION
Instant Gratification and the Real Estate Industry Pennsylvania Convention Center, Room 204-C Wednesday, April 20, 2016, 2:00 p .m . – 3:00 p .m .
The Future of Ownership Pennsylvania Convention Center, Room 203-AB Wednesday, April 20, 2016, 3:30 p .m . – 4:30 p .m .
PROGRAM FOCUS
Proud Silver Sponsorof the ULI Spring
Meeting
URBAN LAND INSTITUTE
We are honoredto have you in
Philadelphia
1919 Market is Philadelphia’s new premier rental residence. Standing 28 stories high and featuring 321 apartment units, the newest addition to Market Street is filled with modern amenities and exceptional views of the city.
ULI Spring 2016.indd 3 3/1/2016 5:11:27 PM
20 212016 ULI Spring Meeting #ULISpring
PROG
RAM
WEDNESDAY, APRIL 20 WEDNESDAY, APRIL 20
WED
NESDAY
CONCURRENT SESSIONS
2:00 p .m . – 3:00 p .m .
New Residential and MPC Models That Ensure Success Pennsylvania Convention Center, Room 201-AB
A room full of experts will share their most innovative thinking on evolving business models for the acquisition, development, and funding of master-planned communities (MPCs) . This session will provide the audience with opportunities to interact in a fast-paced, “give and take” dialogue on changing housing demand, new design concepts, the amenity package of the future, creating multiuse projects, and total-concept communities with housing, jobs, schools, and retail upfront . Capital markets also will be explored, including the feasibility of using equity, debt, and public financing to pay for initial infrastructure for large-scale land development projects .
ModeratorGadi Kaufmann Managing Director and CEO, RCLCO
Discussion LeadersGregory S. Bielli President and CEO, Tejon Ranch Company
Kathleen B. Cecilian CEO, Cecilian Worldwide LLC
Tony D. Green Managing Partner, The Pinehills
Sponsored by
OPENING GENERAL SESSION
12:45 p .m . – 1:45 p .m .
Espousing Client, Crew, and Community in Today’s Global Marketplace Pennsylvania Convention Center, Ballroom AB
Join us as William McNabb shares with us his thoughts on the current lending environment, leading in changing times, and why he has chosen to stay in Philadelphia .
Keynote SpeakerF. William McNabb III Chairman and CEO, Vanguard
InterviewerWilliam Ferguson Chairman and CEO, Ferguson Partners Ltd .
Introduced byAntonio Filo Silva Founding Principal, SITIO architecture + urbanism
Sponsored by
NETWORKING BREAK
1:45 p .m . – 2:00 p .m .Pennsylvania Convention Center, Grand Hall
Sponsored by
22 232016 ULI Spring Meeting #ULISpring
PROG
RAM
WEDNESDAY, APRIL 20 WEDNESDAY, APRIL 20
WED
NESDAY
CONCURRENT SESSIONS
2:00 p .m . – 3:00 p .m .
Reclaiming the Waterfront Pennsylvania Convention Center, Room 202-AB
Philadelphia and many other U .S . cities developed industrial areas along the seashore . Hear how Philly and other municipalities have been able to reclaim some of these waterfront areas, creating great places to live, work, and play . Hear what developers and public entities went through, including the land use change process, and how the market responded . Projects will include Waterside on the Delaware River; Edge-on-Hudson; Tarrytown, New York; and the Queen Mary in Long Beach, California .
ModeratorToni Alexander President and Creative Director, InterCommunications Inc .
Discussion LeadersGonzalo Echeverria Senior Associate, Urban Designer and Planner, LRK Inc .
A. James Tinson CEO, Hart Howerton
Steven R. Upchurch Principal and Hospitality Practice Area Leader, Gensler
Sponsored by
CONCURRENT SESSIONS
2:00 p .m . – 3:00 p .m .
Making It in Real Estate: Buying It Right Pennsylvania Convention Center, Room 204-AB
Intended for the freshly minted entrepreneur, this quick-paced program will tell you what properties to look for (rule number one: start with a motivated seller), how to negotiate the best possible deal, and how to underwrite that property for success . The panelists will share hard-learned lessons—e .g ., you often get the best deal when signing the most onerous contract—a few of their failures, and perhaps a success or two .
Discussion LeadersRobert E. Hughes Jr. President, Hughes Development Corporation
John E. McNellis Principal, McNellis Partners LLC
Sponsored by
24 252016 ULI Spring Meeting #ULISpring
PROG
RAM
WEDNESDAY, APRIL 20 WEDNESDAY, APRIL 20
WED
NESDAY
CONCURRENT SESSIONS
2:00 p .m . – 3:00 p .m .
From Malibu to Main Street: Pop-Up Retail and Other Innovative Retail Concepts Pennsylvania Convention Center, Room 203-AB
The retail world is a hotbed of innovation as “bricks and mortar” retail is finding creative ways to attract consumers and compete with online shopping . Owners, retailers, and manufacturers are all experimenting with new, exciting retail concepts as they navigate changing demographics and the impact of social media and online shopping . Even established brands are pushing boundaries in order to stay relevant . This panel will explore new ideas for pop-up stores, experiential shopping, and brand expansion from the point of view of mall owners, high and low brands, and manufacturers .
ModeratorKelsey Scroggins Groome Managing Director, Marvin Traub Associates
Discussion LeadersJulien Pearl Senior Director, Global Real Estate Operations, Gap Inc .
Greg Spielberg Managing Director, We Are Pop Up
Phillip St. Pierre Senior General Manager, Seaport District, Howard Hughes Corporation
Sponsored by
CONCURRENT SESSIONS
2:00 p .m . – 3:00 p .m .
Instant Gratification and the Real Estate Industry Pennsylvania Convention Center, Room 204-C
On-demand goods and services are all the rage . Everything from wine to paper towels to a rented evening gown are just a phone call or a click away and can be delivered either by person or drone . An apartment is instantly transformed into a hotel room and a personal driver is just minutes away . Join us as a panel of developers and practitioners in the residential, hospitality, transportation, and commercial sectors of the real estate industry discuss how they are responding to and preparing for this contemporary phenomenon .
ModeratorsMichael Horst Retired, Urban Land Institute
Sandra Kulli President, Kulli Marketing
Discussion LeadersClare DeBriere Executive Vice President and COO, the Ratkovich Company
Matt Curtis Director of Government Relations, HomeAway
Kyle Ladewig Senior Manager, Commercial Division, Ten-X
Julian MannSponsored by
NETWORKING BREAK
3:00 p .m . – 3:30 p .m .Pennsylvania Convention Center, Grand Hall
Sponsored by
26 272016 ULI Spring Meeting #ULISpring
PROG
RAM
WEDNESDAY, APRIL 20 WEDNESDAY, APRIL 20
WED
NESDAY
CONCURRENT SESSIONS
3:30 p .m . – 4:30 p .m .
Developing Multifamily Rentals (Really?) Pennsylvania Convention Center, Room 201-AB
An institutional equity investor will share where the market is going and two regional developers will share their experience on recently completed projects and projects in underwriting . If you are developing multifamily rental housing, don’t miss this panel focused on real deals and real numbers .
ModeratorJohn J. Healy Jr. Principal, Hyde Street Holdings LLC
Discussion LeadersToby Bozzuto Jr. President and CEO, the Bozzuto Group
Paul Keller Principal, Mack Urban
Damian Manolis Managing Director, Prudential Real Estate Investors
Sponsored by
CONCURRENT SESSIONS
3:30 p .m . – 4:30 p .m .
Where’s the Next Emerging Urban District? (And What Do You Do When You Get There?) Pennsylvania Convention Center, Room 202-AB
With the reemergence of cities across the United States, there has been intense focus on overlooked, forgotten, and underinvested neighborhoods . These districts are growing at a fast pace . In particular, old industrial zones have received intense interest from mixed-use developers for retail, office, and residential development . Why do certain neighborhoods emerge out of seemingly nowhere? How do you find the next one? Is there a common thread or secret sense in identifying and executing a project in one of these districts? Is it the existing building stock, proximity to transit, or jobs? Is local governmental planning important, or does it just happen by serendipity? This panel will explore these issues and discuss in detail projects that work or don’t work in emerging urban districts . If you want to know where to look for and how to execute your next project in an emerging urban district, don’t miss this panel .
ModeratorChristopher B. Leinberger President, Locus: Responsible Real Estate Developers and Investors and Nonresident Senior Fellow, Brookings Institution
Discussion LeadersPeter B. Calkins Executive Vice President and COO, Forest City Enterprises Inc .
Jodie W. McLean CEO, EDENS
Sponsored by
28 292016 ULI Spring Meeting #ULISpring
PROG
RAM
WEDNESDAY, APRIL 20 WEDNESDAY, APRIL 20
WED
NESDAY
CONCURRENT SESSIONS
3:30 p .m . – 4:30 p .m .
Crowdfunding: Reality Test Drive Pennsylvania Convention Center, Room 204-AB
Crowdfunding is promoted as the new way to bring equity to projects through online platforms, offering project sponsors the opportunity to attract well-priced capital from individuals looking to invest in real estate . In this lively session, we’ll go from concept to reality as we examine three leading crowdfunding platforms—with a real project analysis for each—to see how they stack up to each other and to traditional “friends and family” equity models .
ModeratorMartin S. Burger CEO, Silverstein Properties
Discussion LeadersNavjot Athwal Founder and CEO, RealtyShares
King Davidson Senior Vice President, Real Estate, Fundrise
Darren Powderly Cofounder, CrowdStreet Inc .
CONCURRENT SESSIONS
3:30 p .m . – 4:30 p .m .
Mine-Yours-Ours: The Development Opportunities in Shared Space Pennsylvania Convention Center, Room 204-C
Cohousing, WeLive, Zipcar, Eataly, micro units, crowdsourcing . From the millennials to the boomers, consumers are seeking more ways to share the environments they occupy . In a highly interactive format, hear from developers who are finding new opportunities in the sharing economy .
ModeratorsMichael Horst Retired, Urban Land Institute
Howard Kozloff Managing Partner, Agora Partners
Discussion LeadersScott Blew CEO, H .ME
Colleen Carey President and Founder, the Cornerstone Group
Marja Preston Consultant, Oranje LLC
Lance Robbins Principal, Manager, and CEO, Urban Smart Growth
Jamison Weinbaum COO, Ditto Residential
30 312016 ULI Spring Meeting #ULISpring
PROG
RAM
WEDNESDAY, APRIL 20 WEDNESDAY, APRIL 20
WED
NESDAY
CONCURRENT SESSIONS
3:30 p .m . – 4:30 p .m .
The Navy Yard: A Campus Built for Business Growth Pennsylvania Convention Center, Room 201-C
The Navy Yard is a 1,200-acre thriving waterfront campus, with 7 .5 million square feet of real estate in a mix of historic buildings and new high-performance and LEED-certified construction oriented around world-class parks . As one of the nation’s most successful military base adaptive use projects, the Navy Yard has reemerged as a diversified regional center of employment, home to large companies such as Urban Outfitters Inc . and GlaxoSmithKline, in addition to startups . This panel will include designers, developers, and investors involved in charting a course for the Navy Yard’s future, which includes plans for residential development and a subway extension, as well as doubling the current employment .
ModeratorPrema Katari Gupta Senior Vice President, Navy Yard Planning and Real Estate Development Philadelphia Industrial Development Corporation
Discussion LeadersRay Milora Head, Design and Change Management, GlaxoSmithKline
Mark Seltzer Vice President, Leasing and Development, Liberty Property Trust
Joshua Stowers Principal and Architect, MSR
NETWORKING BREAK
4:30 p .m . – 5:00 p .m .Pennsylvania Convention Center, Grand Hall
Sponsored by
CONCURRENT SESSIONS
3:30 p .m . – 4:30 p .m .
The Future of Ownership Pennsylvania Convention Center, Room 203-AB
We live in a consumer-driven economy, yet changes in attitudes toward “ownership” can have profound impacts on real estate . The economic downturn taught consumers a lesson in doing more with less—savings rates are up and “sharing” is in . Is this a structural or a cyclical change? Technology has made all things accessible that used to require storefronts (Amazon), office space (WeWork), hotels (Airbnb), and personal vehicles (Uber) . In a business like real estate, which is time- and capital-intensive, how will future opportunities be affected? Join J . Walker Smith, executive chairman of the Futures Company, to learn where consumer preferences and new notions of how to define ownership, excess capacity, and shared services could drive our business .
ModeratorPatrick L. Phillips Global CEO, Urban Land Institute
Discussion LeaderJ. Walker Smith Executive Chairman, the Futures Company
Sponsored by
32 332016 ULI Spring Meeting #ULISpring
THURSDAY, APRIL 21
PROG
RAMTH
URSDAY
WEDNESDAY, APRIL 20
GENERAL SESSION
5:00 p .m . – 6:15 p .m .
Capital Markets: Where Are We Now and Where Are We Going? Pennsylvania Convention Center, Ballroom AB
Hear from users and providers of capital and what they believe are the current trends and the future for the industry
ModeratorConstance Moore President and Chief Executive Officer, BRE Properties
Discussion LeadersGreta Guggenheim Chief Executive Officer, TPG Real Estate Finance Trust
William P. Hankowsky Chairman, President, and Chief Executive Officer Liberty Property Trust
Gerard H. Sweeney President, Chief Executive Officer, and Trustee Brandywine Realty Trust
Introduced byJohn Gattuso Senior Vice President and Regional Director Metro Region Liberty Property Trust
Sponsored by
GENERAL SESSION
8:00 a .m . – 9:00 a .m .
A New National Housing Policy Pennsylvania Convention Center, Ballroom AB
Housing affordability challenges are affecting more households and communities than ever before . The implications are profound—for families facing unsustainable costs, for communities confronting shortages of needed workers, and for developers dealing with increased local mandates to help alleviate the problem . Ron Terwilliger, the chairman of the ULI Terwilliger Center for Housing, will lead a panel discussion of ULI members and others who are leading innovative new responses to meet housing needs through private sector solutions and the necessary elements of a more balanced and effective national housing policy .
ModeratorRon Terwilliger Chairman, ULI Terwilliger Center for Housing, and Chairman, Terwilliger–Pappas Multifamily Properties
Discussion LeadersThe Honorable Scott Brown Former U .S . Senator, State of Massachusetts
Daryl Carter Chairman and CEO, Avanath Capital Management
Renee Glover Founder and Managing Member, the Catalyst Group LLC
The Honorable Martin O’Malley Former Governor, State of Maryland, and Former Mayor City of Baltimore
Introduced byChris Terlizzi Senior Vice President and Regional Manager for Commercial Real Estate Lending, First Niagara
Sponsored by
NETWORKING BREAK
9:00 a .m . – 9:30 a .m .Pennsylvania Convention Center, Grand Hall
Sponsored by
34 352016 ULI Spring Meeting #ULISpring
THURSDAY, APRIL 21 THURSDAY, APRIL 21
PROG
RAMTH
URSDAY
CONCURRENT SESSIONS
9:30 a .m . – 10:45 a .m .
New Approaches to Bringing Healthy Food to Underserved Places Pennsylvania Convention Center, Room 203-AB
A growing interest in and awareness of fresh, local food is spurring innovation in food and real estate practice, and Philadelphia is a leader in crafting approaches that are bringing healthy food to new markets (including those who have lacked access) and connecting these investments with efforts to shape cooking habits and healthy behaviors . What is happening in Philadelphia and beyond, and what do these solutions mean for real estate?
ModeratorMaya Brennan Vice President, Terwilliger Center for Housing, Urban Land Institute
Discussion LeadersKelly Herrenkohl COO, Vetri Community Partnership
Yael Lehmann President, the Food Trust
Donna Leuchten Nuccio Director of Healthy Food Access, Reinvestment Fund
CONCURRENT SESSIONS
9:30 a .m . – 10:45 a .m .
Small-Scale Development Deals: Perspectives from the Capital Sources Pennsylvania Convention Center, Room 204-AB
Raising capital can be especially tough for the small-scale developer . This unique and informative session will break down a small-scale deal and reveal how different capital sources assess the same opportunity, what gets their attention, and what makes or breaks the funding decision .
ModeratorHoward Kozloff Managing Partner, Agora Partners
Discussion LeadersAndrew Benioff Founder and Managing Partner, Llenrock Group
June Munshi Managing Partner, the CenterCap Group LLC
Daniel Palmier CEO, UC Funds
Gabriele A. Pozo Principal, Advalurem Group
John Prisk Managing Partner, Brass Castle Partners
Sponsored by
36 372016 ULI Spring Meeting #ULISpring
THURSDAY, APRIL 21 THURSDAY, APRIL 21
PROG
RAMTH
URSDAY
CONCURRENT SESSIONS
11:15 a .m . – 12:30 p .m .
Reaching for the Future: Development Examples and Tools for Successful Public/Private Partnerships Pennsylvania Convention Center, Room 204-AB
Some cities are breaking the rules; exuding an appetite for risk, vision, and leadership; forming great partnerships; and shaping their communities for the 21st century . As traditional sources of funding and the real estate markets have changed, entrepreneurial public and private leaders are figuring out how to move their communities forward . This session will be based on a new ULI publication about creative financing focused on smaller communities and suburbs . The session will include several speakers whose developments are highlighted in the report, and they will engage in an interactive discussion with the audience about their developments, dilemmas to success, and possible solutions .
ModeratorThomas Murphy Senior Resident Fellow, Joseph C . Canizaro/Klingbeil Family Chair for Urban Development, Urban Land Institute, and Former Mayor City of Pittsburgh
PresenterMaureen McAvey Senior Resident Fellow, Bucksbaum Family Chair for Retail Urban Land Institute
Discussion LeadersJohn Callahan Former Mayor, City of Bethlehem, Pennsylvania, and Director of Business Development, Florio Perrucci Steinhardt & Fader LLP
Anastasia Mileham Vice President, Marketing and Communications 3CDC–Cincinnati Center City Development Corporation
Stephen P. Navarro Executive Vice President, CBRE
Sponsored by
CONCURRENT SESSIONS
9:30 a .m . – 10:45 a .m .
Can You Name This Place? (Hint: It’s Philadelphia) Pennsylvania Convention Center, Room 202-AB
What city attracted the highest percentage of millennials over the last five years of any major American city? What city has the second-largest downtown residential population in the country? What city was just named the only World Heritage City located in the United States? Philadelphia today is attracting development and major institutional investment of unprecedented proportions, with more than 200 major projects totaling over $11 .4 billion recently completed, underway, and planned . The city is experiencing population growth for the first time in decades and is becoming a favored place to live, work, and play . What are the key drivers that are energizing the city’s transformation and how can Philadelphia sustain this momentum into the future?
Moderator Peter Angelides Senior Vice President and Principal, Econsult Solutions Inc .
Discussion LeadersAnne Fadullon Director of Planning and Development, City of Philadelphia
Daniel Killinger Managing Director, National Real Estate Development
Joe Ritchie Vice President, Development, Brandywine Realty Trust
Dave Ziel Chief Development Officer, Urban Outfitters
Sponsored by
NETWORKING BREAK
10:45 a .m . – 11:15 a .m .Pennsylvania Convention Center, Grand Hall
Sponsored by
38 392016 ULI Spring Meeting #ULISpring
THURSDAY, APRIL 21 THURSDAY, APRIL 21
PROG
RAMTH
URSDAY
CONCURRENT SESSIONS
11:15 a .m . – 12:30 p .m .
Innovation Nation in West Philadelphia: Eds-and-Meds Creating Technology and Community Pennsylvania Convention Center, Room 202-AB
Over the last 70 years, education, medical, and supporting institutions in west Philadelphia’s University City have invested billions of dollars in new construction and infrastructure to support science, medicine, and education . This infrastructure has created a community that continues to generate and support startup and established enterprises—and create employment opportunities . Learn more about how these eds-and-meds drive an economic engine that helps power the region, all in the context of a rejuvenated west Philadelphia neighborhood .
ModeratorCraig Schelter Principal, Schelter and Associates
Discussion LeadersCraig R. Carnaroli Executive Vice President, University of Pennsylvania
Keith Orris Senior Vice President, Corporate Relations and Economic Development, Drexel University
Joseph Reagan Jr. Vice President, Development, Wexford Science & Technology
Stephen S. Tang CEO and President, University City Science Center
Sponsored by
NETWORKING LUNCH
12:30 p .m . – 1:30 p .m .Pennsylvania Convention Center, Ballroom AB
Sponsored by
CONCURRENT SESSIONS
11:15 a .m . – 12:30 p .m .
Trends in Transportation and Real Estate Pennsylvania Convention Center, Room 203-AB
Bicycling, bus rapid transit, urban trolleys, and driverless cars all promise to reshape the real estate landscape . Learn how new developments in transportation infrastructure and technology are spawning new types of development . See examples of bicycle-friendly and “car-lite” design and learn how developers are capitalizing on changing patterns of transportation and urban mobility .
ModeratorEdward T. McMahon Senior Resident Fellow, Charles E . Fraser Chair for Sustainable Development, Urban Land Institute
Discussion LeadersRoswell “RJ” Eldridge Chief Operating Officer, Toole Design Group
Tim Frisbie Communications and Policy Director, Shared-Use Mobility Center
Tadd M. Miller Chief Executive Officer, Milhaus
Sponsored by
40 412016 ULI Spring Meeting #ULISpring
THURSDAY, APRIL 21 THURSDAY, APRIL 21
PROG
RAMTH
URSDAY
CONCURRENT SESSIONS
1:30 p .m . – 2:45 p .m .
Learning in Real Time: Experts Share Their Forecasts for Real Estate in ’16, ’17, and ’18 Pennsylvania Convention Center, Room 204-AB
The semiannual ULI Real Estate Consensus Forecast, a survey of leading industry experts, was just released . Where do the experts agree or disagree? Why? How have forecasts changed from six months ago? Will 2017 be the turning point for the industry that everyone is talking about? Or will it be 2018? What is the current thinking on the impact on real estate of the shifting interest-rate environment, global capital, and growth outside the major markets? Hear a lively debate between participating survey experts as they explain or defend their views . Ask questions or challenge consensus about what lies ahead for the real estate industry in 2016 and beyond .
ModeratorDouglas M. Poutasse Executive Vice President, Bentall Kennedy
Discussion LeadersAnthony Charles Executive Director, Morgan Stanley Real Estate Investing
Suzanne Mulvee Director, CoStar Group
Tim Wang Director and Head of Research, Clarion Partners
Sponsored by
CONCURRENT SESSIONS
1:30 p .m . – 2:45 p .m .
Innovations in Housing Design and Development Pennsylvania Convention Center, Room 203-AB
Architects and builders are finding new ways to differentiate new product in the residential market . From technology-driven amenity packages to creative uses of common and open space, the new wave of residential development is coming to both suburban and urban markets . Marketing is ever more segmented and specialized as well . Hear from some of the leaders in single-family and apartment development about what consumers want and will want in the future and how to deliver it .
ModeratorDaniel P. Gehman Studio Director, Humphreys & Partners Architects, LP
Discussion LeadersKermit Baker Senior Research Fellow, Joint Center for Housing Studies, Harvard University, and Project Director, Remodeling Futures Program
Kirk Goodrich Director of Development, Monadnock Construction
Linda Mamet Vice President of Corporate Marketing, TRI Pointe Group
Sponsored by
42 432016 ULI Spring Meeting #ULISpring
THURSDAY, APRIL 21 THURSDAY, APRIL 21
PROG
RAMTH
URSDAY
CONCURRENT SESSIONS
3:15 p .m . – 4:30 p .m .
Generations of Change: Managing Ideas and Styles between Generational Leaders Pennsylvania Convention Center, Room 204-AB
With leadership transition comes change and sometimes conflict . Succeeding generations often have different management styles and visions of what they perceive the market is demanding or the direction a company should go . Join us as we have a discussion with several multigenerational enterprises highlighting transformative experiences within family firms that have successfully integrated future generations and evolving best practices, strengthening their business for generations to follow .
ModeratorJoseph B. Rubin Partner and Principal, Ernst & Young
Discussion LeadersBryant F. Foulger Managing Principal, Foulger-Pratt
Cameron Pratt Chief Executive Officer, Foulger-Pratt
Hasu P. Shah Chairman, Hersha Hospitality Trust
Neil H. Shah President and Chief Operating Officer, Hersha Hospitality Trust
Sponsored by
CONCURRENT SESSIONS
1:30 p .m . – 2:45 p .m .
Building upon a City of Neighborhoods: Achieving and Sustaining Great Neighborhoods Pennsylvania Convention Center, Room 202-AB
Philadelphia is famously known as a city of neighborhoods of diverse size and character . But the best ones share qualities of scale, density, and access to amenities that make Philadelphia one of America’s most walkable cities . This, in turn, has helped make it increasingly attractive to new residents, particularly millennials and baby boomers . This panel discussion will focus on reenergized Center City neighborhoods such as Brewerytown and Old City, and how developers and citizens are working through challenges and opportunities to preserve and rebuild them .
ModeratorStephen P. Mullin President, E Consult Solutions Inc .
Discussion LeadersPatricia Blakely Executive Director, the Merchants Fund
Craig Grossman General Partner, Arts + Crafts Holdings
David Waxman Founder and Managing Partner, MMPartners
Sponsored by
NETWORKING BREAK
2:45 p .m . – 3:15 p .m .Pennsylvania Convention Center, Grand Hall
Sponsored by
44 452016 ULI Spring Meeting #ULISpring
THURSDAY, APRIL 21 THURSDAY, APRIL 21
PROG
RAMTH
URSDAY
CONCURRENT SESSIONS
3:15 p .m . – 4:30 p .m .
Next Stop, the Suburbs: What Is a Suburb? Pennsylvania Convention Center, Room 203-AB
As suburbs continue to evolve into economic hubs around office/industrial parks and shopping malls, they continue to attract a large population of millennials whose presence redefines these areas to mirror the best attributes of established core cities . New zoning, permitting higher-density development, combined with adaptive use of obsolete buildings including enclosed malls, light-rail connectivity, pedestrian-friendly mixed-use clusters, and the integration of cultural, educational, and entertainment amenities, is combining to create “not your father’s suburb .” Why are these more successful in some areas like Tysons Corner, Virginia, and King of Prussia, Pennsylvania, while others like the Jamestown Mall in St . Louis, Missouri, and the Eastland Mall in Charlotte, North Carolina, continue to struggle?
ModeratorAdam F. Ducker Managing Director, RCLCO
Discussion LeaderEric Goldstein Executive Director, King of Prussia District
Tyler Niess Chief Marketing Officer, Crescent Communities
Justin B. Schor Principal, Wells + Associates
Sponsored by
CONCURRENT SESSIONS
3:15 p .m . – 4:30 p .m .
Philadelphia: A Modern Renaissance City Pennsylvania Convention Center, Room 202-AB
Situated between two rivers with 327 outdoor cafés, 409 arts and cultural institutions, 3,217 retail stores, and 458 full-service restaurants, this city, with its historic buildings, parks, and walkable downtown, is experiencing an old world meeting new and cutting edge . Philadelphia ranks highly year after year when it comes to arts’ and culture’s contribution to the economy . From Dilworth Park, the Porch at 30th Street, to the Avenue of the Arts, Philadelphia is thriving from all of its arts and culture . How can neighborhoods reap the benefits? Hear from local developers and organizations that have effected this change .
ModeratorLyz Crane Deputy Director, ArtPlace America
Discussion LeadersJulia Dranoff Gutstadt Chief Investment Officer, Dranoff Properties
Kathryn Ott Lovell Commissioner, Philadelphia Parks and Recreation
Ken Weinstein President, Philly Office Retail, LLC
Sponsored by
NETWORKING BREAK
4:30 p .m . – 5:00 p .m .Pennsylvania Convention Center, Grand Hall
Sponsored by
46 2016 ULI Spring Meeting
THURSDAY, APRIL 21
CLOSING GENERAL SESSION
5:00 p .m . – 6:15 p .m .
The Signal and the Noise: What to Expect in 2016 Pennsylvania Convention Center, Ballroom AB
Nate Silver has become today’s leading statistician through his innovative analyses of political polling . He first gained national attention during the 2008 presidential election, when he correctly predicted the results of the primaries and the presidential winner in 49 states . In 2012, he called 50 of 50 states .
Come hear what Silver is predicting for the 2016 elections and so much more .
Keynote SpeakerNate Silver Founder, FiveThirtyEight .com Author, The Signal and the Noise
Introduced byJohn Eudy Executive Vice President and Chief Investment Officer Essex Property Trust Inc .
Sponsored by
www.ballardspahr.com
Ballard Spahr welcomes ULI to the City of Brotherly Love.
Helping to Build the NationSince 1885
49#ULISpring
COM
MITTEE M
EETING
S
TUESDAY, APRIL 19
COMMITTEE MEETINGS & SPECIAL EVENTSAll committee meetings and special events are by invitation only.
7:30 a .m . – 10:00 a .m . ULI Awards Jury Pennsylvania Convention Center Room 106-B
7:30 a .m . – 5:30 p .m . Rose Center for Public Leadership in Land Use Fellows Retreat Loews Philadelphia 1200 Market Street
8:00 a .m . – 9:00 a .m . ULI Audit Committee Pennsylvania Convention Center Room 106-A
9:00 a .m . – 11:00 a .m . ULI Investment Committee Pennsylvania Convention Center Room 106-A
9:30 a .m . – 11:30 a .m . ULI J.C. Nichols Prize for Visionaries in Urban Development Management Committee Pennsylvania Convention Center Room 104-B
11:00 a .m . – 2:00 p .m . ULI Foundation Board of Directors Pennsylvania Convention Center Room 105-AB
12:00 p .m . – 4:00 p .m . ULI’s Annual Carolyn and Preston Butcher Forum on Multifamily Housing Union League Club 140 South Broad Street
1:00 p .m . – 4:00 p .m . UrbanPlan Workshop Pennsylvania Convention Center Room 104-A
2:00 p .m . – 3:30 p .m . ULI Women’s Leadership Initiative (WLI) Steering Committee Pennsylvania Convention Center Room 113-A
2:00 p .m . – 5:30 p .m . ULI Board of Directors Pennsylvania Convention Center Room 107-AB
2:00 p .m . – 6:00 p .m . Large Landowners Forum Pennsylvania Convention Center Room 108-B
3:00 p .m . – 4:30 p .m . Advisory Services—Panel Guidance Session Pennsylvania Convention Center Room 106-B
50 512016 ULI Spring Meeting #ULISpring
COM
MITTEE M
EETING
S
WEDNESDAY, APRIL 20
COMMITTEE MEETINGS & SPECIAL EVENTSAll committee meetings and special events are by invitation only.
2:00 p .m .–3:30 p .m . Real Estate 2030: A Program for Young Leaders Pennsylvania Convention Center Room 105-AB
2:00 p .m . – 3:30 p .m . Rose Center Mayors’ Forum Pennsylvania Convention Center Room 123
2:00 p .m . – 5:00 p .m . PDIC/NCPPP Experts Roundtable on Federal Public/Private Partnerships Pennsylvania Convention Center Room 115-C
2:45 p .m . – 3:30 p .m . District Council Leadership and Staff Meeting Pennsylvania Convention Center Room 122-B
3:00 p .m . – 5:00 p .m . ULI NEXT Global Members-Only Event Pennsylvania Convention Center Room 113-A
3:30 p .m . – 4:30 p .m . Americas Executive Committee Pennsylvania Convention Center Room 107-B
3:30 p .m . – 4:30 p .m . District/National Councils Governance Chairs Pennsylvania Convention Center Room 125
3:30 p .m . – 4:45 p .m . District/National Councils Chairs for Mission Advancement Pennsylvania Convention Center Room 124
THURSDAY, APRIL 217:00 a .m . – 9:00 a .m . Operating Committee
Pennsylvania Convention Center Room 107-B
8:15 a .m . – 3:00 p .m . Lifestyle Residential Development Council Formation (LRDC) Meeting Willow Valley Living 100 Willow Lakes Drive Transportation from Pennsylvania Convention Center at 8:15 a.m.
2:00 p .m . – 3:00 p .m . Global Strategy Committee Pennsylvania Convention Center Room 107-B
WEDNESDAY, APRIL 20
COMMITTEE MEETINGS & SPECIAL EVENTSAll committee meetings and special events are by invitation only.
7:30 a .m . – 9:30 a .m . ULI Terwilliger Center for Housing National Advisory Board Pennsylvania Convention Center Room 102-AB
8:00 a .m . – 9:30 a .m . Women’s Leadership Initiative (WLI)/Larson Leadership Initiative Leadership Summit Pennsylvania Convention Center Room 118-BC
Talking About My Generation: What Can Each Generation Learn from Each Other on Diversity and Inclusiveness in the Workplace? An intergenerational panel will compare their experiences, focusing on the tools they employed individually, as well as the organizational infrastructures in place, that helped them reach their goals .
Sponsored by
8:00 a .m . – 11:30 a .m . End User’s Formation Meeting Pennsylvania Convention Center Room 122-A
8:00 a .m . – 12:00 p .m . Real Estate Technology Forum Pennsylvania Convention Center Room 112-AB
8:30 a .m . – 10:00 a .m . Center for Sustainability Advisory Board Pennsylvania Convention Center Room 104-A
9:30 a .m . – 12:30 p .m . ULI Trustees Philadelphia Marriott, Salon E ULI Trustees are invited to network pre-meeting at 9:30 a.m.
12:00 p .m . – 3:15 p .m . Council Leadership Training The Pyramid Club (William Penn and Franklin Rooms) 1735 Market Street, 52nd Floor
12:00 p .m . – 4:00 p .m . Real Estate Research Forum Pennsylvania Convention Center Room 106-B
52 2016 ULI Spring Meeting
THE NORWOOD COMPANYConstruction Managers | Design Builders375 Technology Drive Malvern, PA 19355 610-240-4400 | www.NorwoodCo.com
Builders Since 1975THURSDAY, APRIL 21
COMMITTEE MEETINGS & SPECIAL EVENTSAll committee meetings and special events are by invitation only.
3:00 p .m . – 4:00 p .m . Trustee Nominations Committee and Governance & Nominating Committee Pennsylvania Convention Center Room 106-B
4:00 p .m . – 5:00 p .m . Past Chairs Advisory Group Pennsylvania Convention Center Room 107-A
54 552016 ULI Spring Meeting #ULISpring
COU
NCIL D
INN
ERS
WEDNESDAY, APRIL 20
COUNCIL RECEPTIONS & DINNERS (Council members only)
See Council agenda for specific times .
Affordable Workforce Housing The Olde Bar, 125 Walnut Street
Community Development Union League of Philadelphia (Grant Room), 140 South Broad Street
Commercial & Retail Development Distrito, 3945 Chestnut Street
Entertainment Development Tredici Enoteca, 114 South 13th Street
Global Exchange R2L Restaurant (Pinnacle Room), 50 South 16th Street
Health Care & Life Sciences Volvér, 300 South Broad Street
Hotel Development The Home of Craig Spencer, 26 Old Gulph Road
Industrial & Office Park Development College of Physicians, Mutter Museum, 19 South 22nd Street
Multifamily Pennsylvania Academy of Fine Arts (Annenberg Gallery) 128 North Broad Street
Office Development Le Meridien (Abele Library), 1421 Arch Street
Public Development & Infrastructure Union League of Philadelphia (McMichael Room) 140 South Broad Street
Public/Private Partnership La Peg, 140 North Christopher Columbus Boulevard
Recreational Development Davios, 111 South 17th Street
Redevelopment and Reuse Divine Lorraine Hotel, 858 Broad Street
Residential Neighborhood Development Water Works, 640 Waterworks Drive
Responsible Property Investment Barbuzzo, 110 South 13th Street
WEDNESDAY, APRIL 20
COUNCIL RECEPTIONS & DINNERS (Council members only)
See Council agenda for specific times .
Senior Housing Sampan, 124 South 13th Street
Small-Scale Development The Racquet Club of Philadelphia, 215 South 16th Street
Student Housing Zavino, 3200 Chestnut Street
Sustainable Development White Dog Café, 3420 Sansom Street
Transit-Oriented Development Davios (the Director’s Room), 111 South 17th Street
University Development and Innovation Alma de Cuba, 1623 Walnut Street, 3rd Floor
Urban Development/Mixed-Use (Blue) XIX (The Hyatt Bellvue), 1415 Chancellor Court, 19th Floor
Urban Development/Mixed-Use (Bronze) Garces Trading Company, 1111 Locust Street
Urban Development/Mixed-Use (Gold) Phillies vs. Mets, Citizens Bank Park (Suites 78 and 79) 1 Citizens Bank Way
Urban Development/Mixed-Use (Green) Sbraga, 440 South Broad Street
Urban Development/Mixed-Use (Purple) Estia, 1405 Locust Street
Urban Development/Mixed-Use (Red) The Barnes Foundation, 2025 Benjamin Franklin Parkway
Urban Development/Mixed-Use (Silver) Kimmel Center (The Lounge), 1500 Walnut Street
Urban Revitalization Parc Restaurant, 227 South 18th Street
56 572016 ULI Spring Meeting #ULISpring
COU
NCIL M
EETING
S
THURSDAY, APRIL 21
COUNCIL MEETINGS(Council Members only)
See Council agenda for specific times .
Multifamily Philadelphia Marriott Downtown (Salon E), 1201 Market Street
Office Development Le Meridien Hotel (Trumbauer Ballroom), 1421 Arch Street
Public Development & Infrastructure MacAlister Hall (Skyview Room), 3250-60 Chestnut Street, 6th Floor
Public/Private Partnership (Blue) Philadelphia’s Center for Architecture, 1218 Arch Street
Public/Private Partnership (Gold) Philadelphia Navy Yard, 4747 South Broad Street Bus departs Pennsylvania Convention Center at 7:00 a.m.
Recreational Development Pennsylvania Convention Center, Room 118-BC
Redevelopment and Reuse National Constitution Center (Bogle Chairman’s Room) 525 Arch Street
Residential Neighborhood Development (Blue) Loews Philadelphia (The Howe Room), 1200 Market Street
Residential Neighborhood Development (Gold) Hotel Palomar (Burnham Ballroom), 117 South 17th Street
Responsible Property Investment Oxford Mills, 100 West Oxford Street Bus departs Pennsylvania Convention Center at 7:30 a.m.
Senior Housing Pennsylvania Convention Center, Room 109-AB
Small-Scale Development (Blue) Pennsylvania Convention Center, Room 113-A
Small-Scale Development (Gold) Pennsylvania Convention Center, Room 112-AB
Small-Scale Development (Silver) Pennsylvania Convention Center, Room 111-AB
THURSDAY, APRIL 21
COUNCIL MEETINGS(Council Members only)
See Council agenda for specific times .
Affordable Workforce Housing Union League Club of Philadelphia (Library Lounge) 140 South Broad Street
Community Development (Blue) Racquet Club of Philadelphia (Reading Room & Main Dining Room) 215 South 16th Street
Community Development (Gold) Chemical Heritage Foundation (Ulyout Meeting Hall South) 315 Chestnut Street
Community Development (Green) The Granary Apartments (Community Room/Fireplace Room) 1901 Callowhill Street
Community Development (Silver) Chemical Heritage Foundation (Franklin 1 & 2), 315 Chestnut Street
Commercial & Retail Development Pennsylvania Convention Center, Room 103-AB
Entertainment Development Comcast Center (Room 45KL), 1701 JFK Boulevard
Global Exchange Pennsylvania Convention Center, Room 108-A
Health Care & Life Sciences CHOP, Colket Translational Research Building (Room 1100 A/B) 3501 Civic Center Boulevard, 1st Floor Bus departs Pennsylvania Convention Center at 7:15 a.m.
Hotel Development Ritz-Carlton (Petite Ballroom), 10 Avenue of the Arts
Industrial & Office Park Development (Black) Pennsylvania Convention Center, Room 122-A
Industrial & Office Park Development (Blue) Pennsylvania Convention Center, Room 122-B
Industrial & Office Park Development (Gold) Pennsylvania Convention Center, Room 120-C
Industrial & Office Park Development (Green) Pennsylvania Convention Center, Room 121-B
Industrial & Office Park Development (Red) Pennsylvania Convention Center, Room 121-A
Industrial & Office Park Development (Silver) Pennsylvania Convention Center, Room 121-C
58 2016 ULI Spring Meeting
TD Bank, N.A. | Loans subject to credit approval. Equal Housing Lender
Now, more than ever, you need a bank that stands beside you.
TD Bank helps you make the most of every opportunity. We are the partner you are looking for, providing you with experience, guidance, and smart solutions that position you and your business for success.
• Checking and Savings Solutions• Commercial Real Estate Mortgages• Fraud Control Services• Treasury Management Services
For a higher level of personal service, connect to tdbank.com/commercialbanking or call 1-888-751-9000.
A financial relationship you can trust.
514902.5-LM-PHL16-QB26175_ULI_SpringMeeting_4x9_BW.indd 1 3/21/16 9:57 AM
THURSDAY, APRIL 21
COUNCIL MEETINGS(Council Members only)
See Council agenda for specific times .
Student Housing R2L Restaurant (William Penn Room) 50 South 16th Street, 37th Floor
Sustainable Development CBEI–Navy Yard, 4960 South 12th Street Meeting starts in the ICON Lab
Transit-Oriented Development Pennsylvania Convention Center, Room 115-C
University Development and Innovation Fisher Fine Arts Building (Room 414) Kleinman Center, 230 South 34th Street, 4th Floor
Urban Development/Mixed-Use (Blue) Pennsylvania Convention Center, Room 120-A
Urban Development/Mixed-Use (Bronze) Philadelphia Museum of Art (Project Room) 2600 Benjamin Franklin Parkway Bus departs Pennsylvania Convention Center at 7:00 a.m.
Urban Development/Mixed-Use (Gold) Pennsylvania Convention Center, Room 120-B
Urban Development/Mixed-Use (Green) Union League Club (McMichael Room), 140 South Broad Street
Urban Development/Mixed-Use (Purple) Loews Philadelphia Hotel (Lescaze Room), 1200 Market Street
Urban Development/Mixed-Use (Red) Pyramid Club, Mellon Bank Tower (William Penn and Franklin Rooms), 1735 Market Street, 52nd Floor
Urban Development/Mixed-Use (Silver) Cushman & Wakefield, 1717 Arch Street, 33rd Floor
Urban Revitalization University City Science Center, Quorum 3711 Market Street, 8th Floor Bus departs Pennsylvania Convention Center at 7:00 a.m.
60 612016 ULI Spring Meeting #ULISpring
NETW
ORKIN
G EVEN
TS
WEDNESDAY, APRIL 20
NETWORKING EVENTS & RECEPTIONS
4:30 p .m . – 5:00 p .m . Product Council/District Council Exchange Program Reception By Invitation Only Pennsylvania Convention Center Room 106-A
6:30 p .m . – 8:30 p .m . District/National Councils Executive Directors and Staff Dinner By Invitation Only Estia (The Lounge), 1405 Locust Street
9:00 p .m . – 11:00 p .m . ULI NEXT Global Reception By Invitation Only Barbuzzo, 1110 South 13th Street
THURSDAY, APRIL 2112:30 p .m . – 1:30 p .m . Networking Lunch
Open to All Attendees Pennsylvania Convention Center Ballroom AB
Sponsored by
6:30 p .m . – 8:00 p .m . Cocktail Reception Open to All Attendees Pennsylvania Convention Center Grand Hall
Sponsored by
TUESDAY, APRIL 19
NETWORKING EVENTS & RECEPTIONS
10:00 a .m . – 4:30 p .m . Building Healthy Places Interest Forum By Invitation Only Paseo Verde
4:00 p .m . – 6:00 p .m . Women’s Leadership Initiative (WLI) Reception Open to All Attendees Barbuzzo, 110 South 13th Street
5:30 p .m . – 9:00 p .m . Council Counselors Dinner By Invitation Only R2L Restaurant, (William Penn Room/Board Room 2), 50 South 16th Street
6:00 p .m . – 7:30 p .m . Kickoff Reception By Invitation Only 1900 Market Street Bus departs from the Pennsylvania Convention Center, 12th Street at Arch Street under the tunnel at 5:15 p.m.
Sponsored by
6:30 p .m . – 8:30 p .m . District/National Councils Chairs, Governance Chairs, and CMAs Dinner By Invitation Only R2L Restaurant (Pinnacle Room) 50 South 16th Street, 37th Floor
7:30 p .m . – 9:30 p .m . ULI Board of Directors and Operating Committee Dinner By Invitation Only Barclay Prime Barclay Building, 237 South 18th Street
WEDNESDAY, APRIL 2010:30 a .m . – 11:30 a .m . Sustainability Networking Break
Open to All Attendees Pennsylvania Convention Center Room 104-A
2:00 p .m . – 3:30 p .m . ULI Foundation Governors Program By Invitation Only Philadelphia Marriott Downtown, Salon E
62 632016 ULI Spring Meeting #ULISpring
TOU
RS
THURSDAY, APRIL 21
NETWORKING EVENTS & RECEPTIONS
7:15 p .m . – 9:45 p .m . ULI Trustees Dinner By Invitation Only The Pennsylvania Academy of the Fine Arts (Samuel Hamilton Building–Rotunda), 128 North Broad Street Second Floor
Sponsored by
TUESDAY, APRIL 19
TOURS
All buses depart from 12th Street near Arch Street under the tunnel . Tour attendees should gather in the Lobby of the Pennsylvania Convention Center East Side . There will be signs directing you to your bus or walking group . Please arrive 15 minutes prior to departure . Comfortable walking shoes are recommended for all tours . All tours will take place rain or shine .
8:00 a .m . – 5:00 p .m . The Other Jersey Shore: Remarkable Public Policies Spur Investment to Rebuild Camden, New Jersey Lunch included Ticket #2
Sponsored by
8:00 a .m . – 5:00 p .m . Philadelphia’s New Development Epicenter: Planning, Partnerships, and Institutional Investment (sold out) Lunch included Ticket #3
Sponsored by
8:30 a .m . – 5:00 p .m . Hot Neighborhoods: Follow the Millennials (sold out) Lunch included Ticket #4
Sponsored by
8:30 a .m . – 4:30 p .m . The Resurgence of the Historic Navy Yard Lunch included Ticket #5
Sponsored by
64 652016 ULI Spring Meeting #ULISpring
WEDNESDAY, APRIL 20
TOURS
8:15 a .m . – 12:00 p .m . Evolutionary Change along North Broad Street: The Gilded Age, Decay, and Renewal Ticket #6
Sponsored by
8:30 a .m . – 12:00 p .m . From City Hall to the Museum of Art: Philadelphia’s Parkway of Culture Ticket #7
Sponsored by
8:45 a .m . – 12:00 p .m . Art Ignites Change: Philadelphia’s Famous Mural Arts Program Ticket #8
Sponsored by
8:45 a .m . – 12:00 p .m . Bikes, Boathouses, and a Boardwalk (sold out) Ticket #9
Sponsored by
8:30 a .m . – 12:00 p .m . Center City Living: From Affordable to Luxury (sold out) Ticket #10
Sponsored by
8:30 a .m . – 12:00 p .m . A Tale of Two Trusts: Changing the West Market Dynamic Ticket #11
Sponsored by
8:15 a .m . – 12:15 p .m . The Resurgence of Retail (and More!) along East Market Street (sold out) Ticket #12
Sponsored by
People to ThankMEETING STRATEGIES AND PROGRAM COMMITTEE CHAIRSAlan C. Billingsley Program Committee Chair, and Principal, Billingsley Investments
Mary K. Ludgin Meeting Strategies Chair, and Managing Director, Heitman
PROGRAM COMMITTEE MEMBERSToni Alexander InterCommunicationsInc
Ron Altoon Altoon Partners Architects
Howard Altshuler EY
Michael Atkins Cormorant Capital
Alisa Brem Edens
Mary Borgia The Borgia Company
Beth Callender Greenhaus
David Doupe Jone Lang LaSalle
Gonzalo Echeverria Looney Ricks Kiss
Stephen Engblom AECOM
Jed Gates Berkshire Group
Richard Gollis The Concord Group LLC
Jay Hailey DLA Piper LLP (U .S .)
Michael Horst Retired
Gregory Hummel Bryan Cave LLP
Monica Jindia Commonwealth Land Title Insurance Company
Neisen Kasdin Akerman Senterfitt
Howard Kozloff Agora Partners
Amy Neches TMG Partners
Debbie Orshefsky Holland and Knight LLP
Richard L. Perlmutter Argo Development Company
Roger Platt U .S . Green Building Council
Wendy A. Rowden Jonathan Rose Companies LLC
Libby Seifel Seifel Consulting
Bob Sharpe Rancho Sahuarita Company
Jeremy Sharpe Rancho Sahuarita Company
Martin Stern U .S . Equities Realty LLC
Susan L. Stupin The Prescott Group LLC
Christophe P. Terlizzi First Niagara Bank
George von Liphart Peninsula Real Estate Capital Advisors
John Walsh TIG Real Estate Services Inc .
66 672016 ULI Spring Meeting #ULISpring
People to ThankSESSION COORDINATORS ULI recognizes the efforts and hard work of all the session coordinators .
Toni AlexanderHoward AltshulerMichael AtkinsAlan BillingsleyMary BorgiaAlisa BremBeth CallenderDavid DoupeGonzalo EcheverriaJed GatesJay HaileyMichael HorstMonica JindiaGadi KaufmannHoward KozloffAnita KramerRachel MacCleeryMaureen McAveyEd McMahonJohn McNellis
Tom MurphyAmy NechesAnne NevinsDebbie OrshefskyRichard PerlmutterPuja PerutoRoger PlattAshley PrimeWendy RowdenBob SharpeJeremy SharpeMichael SklaroffMartin SternMichael SternSusan StupinChristophe TerlizziGeorge von LiphartJohn WalshStockton Williams
TOUR COORDINATORSULI recognizes the efforts and hard work of all the people who made our tours a success .
Andrew D. BushSergio CosciaSara Nasuti DoelgerJulie T. DonofrioKelly Ganczarz EdwardsJoan ElasserDan GalballyNancy GoldenbergPrema Katari GuptaSusanne HansonTrish HarringtonRobert R. Kilroy
Anish KumarDavid MercurisIvy OleshAlan RazakJerry K. RollerMark SeltzerEllen SoloffJayne SpectorJoshua WeingramFrank WisniewskiMatt Wittemann
People to ThankHOST COMMITTEE EXECUTIVE TEAM ULI extends immense gratitude to the Host Committee for their hard work and inspiration . Their vision made the 2016 ULI Spring Meeting a success .
SPRING MEETING COCHAIRSWilliam P. Hankowsky, Chairman, President, and CEO Liberty Property Trust
Gerard H. Sweeney, President and CEO, Brandywine Realty Trust
Marilyn Jordan Taylor, Dean and Paley Professor, University of Pennsylvania School of Design
HOST COMMITTEE COCHAIRS John E. “Jack” Farrell, President and CEO the Norwood Company
Antonio Fiol-Silva, Founding Principal, SITIO architecture + urbanism
TOURS COCHAIRSWilliam J. Fisher, Senior Project Manager, Liberty Property Trust
Richard W. Huffman
SPONSORSHIP COCHAIRSJay Appleton, Project Executive Program Manager, GREYHAWK
Paul Commito, Vice President of Development Brandywine Realty Trust
David M. Ricci, Partner, the Flynn Company
PROGRAM INPUT COCHAIRSGonzalo Echeverria, Senior Associate, Urban Designer, and Planner, Looney Ricks Kiss
Monica Jindia, Vice President of Business Development, Commonwealth Land Title Insurance Company
Christophe P. Terlizzi, Senior Vice President and Regional Manager, First Niagara Bank
MEMBERSHIP COCHAIRSMegan Leinart, National Director of Corporate Development, Propark America
Paul Dominic Toroni, Vice President, Santander Bank
68 692016 ULI Spring Meeting #ULISpring
People to ThankMARKETING COCHAIRSRebecca Devine, Principal, Maven Communications
Jessica Newhouse, Project Manager, Progressive Housing Ventures
VENUESAnthony Naccarato, President, O’Donnell & Naccarato
Jessica Taylor, Director, Villanova School of Business DiLella Center for Real Estate
COMMITTEE MEMBERS AT-LARGE Kenneth P. Balin, Chairman and CEO, AMC Delancey Group Inc .
Marc D. Brookman, Of Counsel, Duane Morris
Joseph F. Coradino, CEO, Pennsylvania Real Estate Investment Trust (PREIT)
Carl E. Dranoff, President and CEO, Dranoff Properties
John Gattuso, Senior Vice President and Regional Director Liberty Property Trust
Christopher M. Hager, Senior Principal and Senior Vice President, Langan Engineering & Environmental Services
ULI PHILADELPHIAULI thanks the members of ULI Philadelphia for their support of the 2016 ULI Spring Meeting .
Antonio Fiol-Silva Founding Principal, SITIO architecture + urbanism Chair, ULI Philadelphia District Council
Susan Baltake Executive Director, ULI Philadelphia
Beshka Kandell Manager, ULI Philadelphia
Natalia Serejko Associate, ULI Philadelphia
People to KnowULI LEADERSHIPRandall K. Rowe, ULI Global Chairman
Patricia Healy, ULI Americas Chairman
Geoffrey Stack, ULI Foundation Chairman
Patrick L. Phillips, Global Chief Executive Officer
Cheryl Cummins, Global Governance Officer
Michael Terseck, Chief Financial Officer/Chief Administrative Officer
ULI MEETINGS Mary Beth Corrigan, Senior Vice President, Convenings
Maria Fiore, Vice President, Program Development
T.J. McCabe, Vice President, Meeting Logistics
Alissa Akins, Senior Associate, Convenings
Carly Bushong, Senior Associate, Convenings
LaKeshia Griggs, Department Coordinator
ULI DEVELOPMENTKathleen B. Carey, President and Chief Executive Officer ULI Foundation
Brandon Sedloff, Senior Vice President, Corporate Relations
Carla Clements, Managing Director, Head of Corporate Development
Emeri Lewkowicz, Senior Associate, Development and ULI Foundation
Irene Katradis, Associate, Development Operations
ULI COUNCILSStephanie Wasser, Senior Vice President, Council Program
Tim Dwyer, Vice President, Council Program
Andrea Schell, Senior Associate, Council Program
PREIT® WELCOMES URBAN LAND INSTITUTE’S SPRING MEETING TO PHILADELPHIA.Headquartered in Philadelphia, we are the dominant mall land- lord in this region, and we own and operate 27 million square feet of retail space in the eastern half of the US with concentration in the Mid-Atlantic region’s top MSAs.CHERRY HILL MALL Cherry Hill, NJ
EXTON SQUARE Exton, PA
FASHION OUTLETS OF PHILADELPHIA @ MARKET EAST Philadelphia, PA
MOORESTOWN MALL Moorestown, NJ
PLYMOUTH MEETING MALL Plymouth Meeting, PA
SPRINGFIELD MALL Springfield, PA
WILLOW GROVE PARK Willow Grove, PA
200 South Broad Street n Philadelphia, Pennsylvania 19102 n 215.875.0700 n preit.com
MOORESTOWN MALL
EXTON SQUARE
WILLOW GROVE PARK
PLYMOUTH MEETING MALL FASHION OUTLETS OF PHILADELPHIA @ MARKET EAST
CHERRY HILL MALL
SPRINGFIELD MALL
16COR190 ULI Spring Meeting ad_4x9.indd 1 3/3/16 8:52 AM
RUBENSTEIN PARTNERS
PROVIDING LEADING REAL ESTATE INVESTMENT MANAGEMENT AND ADVISORY SERVICES IN OFFICE MARKETS THROUGHOUT
THE EASTERN UNITED STATES
ONE WASHINGTON SQUARE Philadelphia, Pennsylvania
25 KENT AVENUE Williamsburg, Brooklyn
CARLYLE TOWER Alexandria, Virginia
VERTICALLY INTEGRAGED OFFICE EXPERTISE WITH DISCRETIONARY CAPITAL TO
CREATE VALUE
WWW.RUBENSTEINPARTNERS.COM
CUSHMAN & WAKEFIELD
BUILT TO LEAD.
cushmanwakefi eld.com
With over 43,000 employees in over 60 countries.
4.3 billion square feet of space under management.
$191 billion in transactions.
$5 billion in revenues.
Built to help clients reach their full potential.
Cushman & Wakefi eld is a leader in the global real estate marketplace, putting the client at the center of everything we do.
04.18.16 Spring ULI Program – Capital Markets.indd 1 3/8/16 1:18 PM