Applied Life Sciences Hub Request for Expressions of Interest (RFEI) Information Session March 1, 2018
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1 Applied Life Sciences Hub Request fr Expressins f Interest (RFEI) Infrmatin Sessin March 1, 2018 Welcme t thse jining us via WebEx. The presentatin will begin at 10:00 AM EST.
2 Agenda 10:00 AM Intrductry Remarks Dug Thiede, Senir Vice President, Life Sciences & Healthcare Prject Overview Elsie Yau, Prject Manager, Life Sciences Backgrund Prject gals Partnerships 10:00 10:15 AM City Supprt & Evaluatin Warren Hagist, Assciate, Real Estate Transactin Services Respndents Prgram Incentives Evaluatin criteria Timeline 10:15 11:00 AM Q & A 2
3 A Bell Labs fr life sciences: an pprtunity t lead the century f bilgy and build a legacy in NYC Annuncing a $100M glbal challenge t unlck a transfrmative Applied Life Sciences prject AT&T s Bell Labs was funded and based in NYC fr mst f the 20 th century. Abve, Bell Labratries 13 building-cmplex in Lwer Manhattan ( ), nce the largest industrial research center in the U.S. Image surce: 3
4 The City f New Yrk is activating a new innvatin district fr life sciences R&D in NYC The City is seeking wrld-class partners t lead a lng-term cmmitment t the applied life sciences A transfrmative partnership Annuncing a $100M glbal challenge t unlck a transfrmative Applied Life Sciences prject A center f A wrld-class A new large- gravity fr Spark hub a fr creative jint venture scale R&D industry- research & peratin in leading develpment Design a new kind f R&D NYC rganizatin cmpanies Anchr an innvatin district fr life sciences A tp-tier life sciences innvatin district 4
5 Enabling a critical mass f jint ventures and industry-leading life sciences cmpanies The City is catalyzing a highly cnnected ecsystem fr R&D, a cycle f talent, investment and venture creatin that is self-sustaining Leveraging NYC s strengths: Research Venture Institutins Creatin Driving the expansin f R&D in NYC: 1. Wrld-class leadership in bimedical research (e.g., $1.6B NIH funding/year) 2. Unprecedented rate f life sciences venture creatin (3X increase in VC) Research Institutins Industrial R&D Engines High- Grwth Cmpanies 1. Prviding sufficient rm fr high-grwth cmpanies 2. Enabling bth hme-grwn anchrs and new entrants as R&D engines 5
6 NOT COMPREHENSIVE Establishing a gegraphic center f gravity fr the life sciences industry in NYC Academic Research Research Organizatins & JVs Incubatrs / Cmmercial Space The City is cmmitted t the develpment f a high-density anchr lcatin fr R&D Cnnecting NYC s vast research cmmunity Capitalizing n a decade f City-led investments and new jint ventures Accmmdating scale-ups : 10-year need fr up t 3M SF in new lab space Building a cmmunity cmpetitive with Suth SF and Kendall Square Suth San Francisc, CA Kendall Square Cambridge, MA Clumbia University Munt Sinai & Icahn Schl f Medicine Hudsn NY Stem Cell Tri-Institutinal Therapeutics Research Fundatin Discvery Institute Center New Yrk Bld Center Hspital fr Special Surgery Weill Crnell Medical Center Rckefeller University Memrial Slan Kettering Cancer Center Flatirn Institute LaunchLabs Clumbia Presbyterian Crnell Tech NYU Langne NY Structural Bilgy Center CUNY Advanced Science Research Center Harlem Bispace Alexandria Center fr LS Lilly Pfizer Rche Acceleratr Albert Einstein Cllege f Medicine NY Prtn Center Kallype Petra Cellectis BlueRck JLabs NYU All maps t scale 2 MILES NY Genme Center BiLabs NY NYU Tandn BiBAT SUNY Dwnstate 6
7 Envisining a wrld-class research and develpment hub, a vibrant hme fr inventrs, funders, and high-grwth cmpanies As part f its signature investment, the City is leveraging significant City resurces t build a new Applied Life Sciences Hub 1 Large-scale R&D peratin r jint-venture fcused n cmmercializatin 2 Expansin Space facilities fr grwthstage cmpanies 3 Cllabratin Space designed & prgrammed t fster cllabratin & sense f cmmunity within physical campus and brader life sciences ecsystem Establishing a gegraphic center f gravity Highly cllabrative R&D envirnment Ptential firstphase fr lngterm cluster develpment 7
8 Sparking a transfrmative partnership Missin-driven rganizatin r a jint venture, cmprised f: Lead Organizatin Represents the entire Respndent team & leads negtiatins with NYCEDC Cmmitted t advancing life sciences innvatin, cllabratin & entrepreneurship Shuld nt be a life sciences space wner r peratr that leases t third party tenants R&D Organizatin Large-scale R&D rganizatin with a creative scientific scpe Public r private, fr-prfit r nt-fr-prfit rganizatin Culd serve as Lead Respndent r a partner in a jint venture (e.g. as anchr) Develpment Team Experience and capacity t build and/r perate life sciences facilities Culd be an internal develpment team r external, stand-alne develpment team as a partner in a jint venture 8
9 Applied Life Sciences Hub Overview Gal f at least 300,000 square feet f ffice and wet lab space, cmprised f: Space fr a large-scale R&D rganizatin Expansin space fr grwth stage life sciences cmpanies Cllabratin space Hub may be grund-up develpment and/r retrfit f an existing building(s) May be lcated n a private site, City-wned site, r cmbinatin theref 9
10 Ptential Hub Lcatin Private Sites Respndents must identify a path t site cntrl East Harlem Site Public Sites* 1. Kips Bay Site 2. East Harlem Site 3. Lng Island City Site Lng Island City Site Kips Bay Site *Additinal City-wned sites may be included at a later date 11
11 Prject Incentives Incentives that may be available fr the Hub include: Up t $100 Millin in City Capital Prpsals shuld cmprise a substantial nt-fr-prfit cmpnent as measured by physical ftprint within the Hub and wnership stake in the prject Funds can be used twards eligible cnstructin, renvatin, r prperty acquisitin csts that meet the City s gals Prject must be capitally eligible (as utlined in Appendix 2) Respndents must demnstrate financial capacity t undertake prject t cmpletin Tax incentives Industrial and Cmmercial Abatement Prgram (ICAP) Industrial Develpment Agency (IDA) Life Sciences Prgram City-wned sites 11
12 Evaluatin Criteria NYCEDC expects t cnsider the criteria as a framewrk in reviewing respnses Quality f Respndent Team R&D Organizatin Prpsed Prject Leadership team Scientific achievement Prpsed lcatin Strategic partnerships Scale f R&D Expansin f life sciences activity in NYC Financial stability Cmmercializatin ptential Impact n the City Ability t attract diverse funding surces Cmmitment t cllabratin Demnstrated need 12
13 Anticipated prject timeline JANUARY 23, 2018 RFEI release MARCH 1, 2018 Infrmatin Sessin MARCH 2, 2018 Deadline t RSVP fr Lng Island City site visit MARCH 6, 2018 Visit t Lng Island City site (4 PM EST) MAY 3, 2018 Deadline t submit questins (5 PM EST) MAY 10, 2018 Final psting f answers t NYCEDC s website MAY 17, 2018 Deadline fr RFEI respnses (4 PM EST) Summer/Fall 2018 Anticipated release f subsequent RFP 13
14 Partnership Opprtunities Lking fr rganizatins with cmplementary experiment t frm a jint venture? Check ut the Applied Life Sciences Hub RFEI Interested Partners and Interested Subcntractrs & Suppliers pages! 14
15 Q & A Additinal questins can be ed t AppliedLifeSciencesHub@edc.nyc and will be answered n a rlling basis by May 10,
16 Detailed Site Infrmatin Fr reference nly Respndents are respnsible fr their wn due diligence
17 Prpsed City-Owned Sites Site 1 Kips Bay Lcatin Ownership Lt Area 455 First Avenue, Kips Bay, Manhattan, (Blck 932, Lt 17) Department f Health and Mental Hygiene 44,250 SF Zning Cmmercial FAR 2 R8/C2-5 Buildable Cmmercial SF 88,500 Anticipated year f Site availability 2023
18 Prpsed City-Owned Sites Site 2 East Harlem Lcatin Ownership Lt Area Secnd Ave between E. 126th and E. 127th Streets, East Harlem, Manhattan, (Blck 1791, Lts 20 and 25) Department f Citywide Administrative Services 48,000 SF Zning C6-3 Cmmercial FAR 6.0 Buildable Cmmercial SF Anticipated year f Site availability As f right: 290,772 Develpment Rights: Up t 150,000 SF* 2018 * subject t cmpliance with existing apprvals
19 Prpsed City-Owned Sites Site 3 Lng Island City Lcatin Ownership Lt Area Drive, Queens, (Blck 489, Lt 1; Blck 488, Lt 11) Department f Educatin / Department f Transprtatin 90,000 SF Cmmercial FAR 2.0 Buildable Cmmercial SF 180,000 Existing Building SF 585,000 Zning M1-4 Anticipated earliest year f Site availability 2023
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