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New York Hilton Midtown, New York, NY, United States April 9-11, 2024

Economic Development

Tue Apr 09 8:00 AM — 1:00 PM (GMT-05:00) Eastern Time

Reimagining New Rochelle

New Rochelle is seeing the largest economic development initiative in its history, driven by the MTA’s Penn Station Access Project, which is extending connections to Penn Station and significantly reducing travel times into Manhattan. When the project is complete, New Rochelle will become the only city in southern Westchester to offer direct access to both the East and West sides of Manhattan. Soon to become such a rich transit-oriented location, New Rochelle will realize an unprecedented 9.2 million square feet of new residential development in its downtown area that is prioritizing the repair of urban renewal mistakes and addressing long-standing issues of equity. Beginning with the New Rochelle historic train station, which will soon see its own reimagining, we will visit several new residential developments and the new public park that is knitting together previously separated communities.

Tue Apr 09 8:00 AM — 1:00 PM (GMT-05:00) Eastern Time

Jersey City: A Tour of the Journal Square Redevelopment

All roads lead to Journal Square! Always considered the “heart of Jersey City,” Journal Square has had a rich history of serving the entire city and county. The Square provides a great opportunity to secure the city’s economic future and create one of the truly great central business districts (CBDs) in the country. Beginning in early 2007 and culminating in summer 2010, the Journal Square vision plan came to life. The visionings effort was a true public/private effort, with local residents, businesspeople, anchor institutions such as Hudson County Community College/Saint Peters, and city officials working together over a three-year period to bring the plan to fruition. Adopted by the City Council in June 2010, the plan was honed at more than 30 community meetings, some large and some small, to get it right. The Journal Square plan, now the 2060 plan, has proved to be a remarkable success for the city’s CBD.

 

The plan, built around smart growth principles, now encompasses approximately 233 acres in the heart of the city. From the beginning, the 2060 Plan was embraced by the broad array of stakeholders that were deeply involved in the long process. The commitment to the plan can be seen not just in the award-winning Journal Squared Towers, but also with the wide range of mixed-use towers built or under construction in the Square. The heart of the 2060 plan was always about the smart transit-oriented development and transportation network that leads to the Square. The private sector had done its job by quickly sensing the potential of the Square and moving redevelopment forward at an unheard-of pace.

 

The plan is now in its 30th year and many of the original goals of the plan have been realized. The development of world-class, mixed-use towers has progressed at unprecedented speed. Moreover, the current development of both the historic Loews Theater and the Centre Pompidou is bringing arts and entertainment back to the Journal Square CBD. The Journal Square 2060 plan has clearly demonstrated that a shared redevelopment vision of the community and private and public sectors can lead to meaningful community renewal. 


Tue Apr 09 8:15 AM — 1:00 PM (GMT-05:00) Eastern Time

Governors Island and Battery Maritime Building Redevelopment

In the two decades since the federal government turned over control of Governors Island to New York City, city officials have sought an innovative way to use the 172-acre patch of land with stunning views of Lower Manhattan. The city chose a consortium led by Stony Brook University to transform one of the island’s last big chunks of developable land into a 400,000-square-foot hub called the New York Climate Exchange. The campus, which will focus on researching climate solutions and training for green jobs, is expected to open in 2028.

Tue Apr 09 2:30 PM — 3:30 PM (GMT-05:00) Eastern Time New York Hilton Midtown - Level 2, Nassau Suite

Higher Education Development as a Tool for Urban Innovation

It has been almost 12 years since New York City launched the Applied Sciences NYC initiative, a once-in-a-generation investment in higher education with the aim of ensuring NYC remains one of the world's premier economic hubs for the future. The initiative involved the creation of three new campuses across the city—the Technion-Cornell Innovation Institute on Roosevelt Island, the NYU Center for Urban Science and Progress in Downtown Brooklyn, and the Columbia University Data Science Institute in the Morningside Heights neighborhood of Manhattan. The city offered over 12 acres of city-owned land at Roosevelt Island, a seed investment of $100 million of city capital, and the full support of the administration. The cost to the city was significant, but the impact was expected to be enormous ($33 billion overall economic impact, 1,000 spin-off companies, and 48,000+ jobs over three decades). How successful has this initiative been thus far and will it be worth the investment? What were the lessons learned? How can other cities leverage their higher education institutions to create a strong commercialization pipeline, from academia to industry, to create more jobs?
Wed Apr 10 8:15 AM — 12:00 PM (GMT-05:00) Eastern Time

The Making of New Neighborhood: Hudson Yards, Manhattan West and the High Line Connection

Until recently, the new Hudson Yards district was simply an open swath of space peering down upon the open Amtrak and New Jersey Transit railways below. Over the course of 30-plus years, a plan was devised to build over the rail yards and create a new Manhattan neighborhood, like the creation of the Park Avenue corridor in the late 1900s. What has grown out of multiple rezoning plans and creative development teams in tandem with city and state support is an incredibly vibrant new mixed-use neighborhood dominated by developments led by the Related Group (Hudson Yards) and Brookfield Properties (Manhattan West). Located adjacent to Pennsylvania Station and the newly redeveloped Moynihan Train Hall, these developments are easily accessible and set to become the newest hub for commerce and live/work/play. The final piece of the puzzle, connecting the sites to the elevated High Line public park, was completed earlier this year. This tour will explore the history of the Hudson Yards as a whole, the engineering and development challenges of building over the railways, and the overall thesis for its success. 

Wed Apr 10 4:00 PM — 5:00 PM (GMT-05:00) Eastern Time New York Hilton Midtown - Level 2, Murray Hill Suite

Arts and Culture in New York City: A Catalyst for Social Change and Economic Development

As the home to more than 1,500 museums, galleries, theaters, dance companies, zoos, botanical gardens, and more, New York City is clearly at the epicenter of arts and culture. Beyond these cultural organizations, arts and culture can easily be viewed in the public realm through the city's storefronts, sidewalks, and street plazas. Attracting talent and visitors alike, the vibrant cultural landscape in New York has evolved into a multi-billion-dollar sector fueling the city''s economic engine. Public investment in the arts in New York is unmatched when compared to other city and state arts councils, with only the federal government spending more. The underlying belief is that such investments in arts and culture positively impact the economy, social well-being, and community engagement. Despite its rich cultural landscape, New York City still faces challenges when addressing historic barriers such as class, race, and income inequality. Join industry professionals, civic leaders, and other major stakeholders as they discuss the challenges and opportunities when creating a cultural eco-system that is more sustainable, inclusive, and equitable for all New Yorkers.
Thu Apr 11 2:30 PM — 3:30 PM (GMT-05:00) Eastern Time New York Hilton Midtown - Level 2, Murray Hill Suite

From Competitiveness to Well-Being: Changing Priorities for Cities?

This panel will explore the challenges and opportunities cities face with a focus on the U.S./North American context from a variety of different perspectives—economic, social, and governance. Many cities are incredibly desirable and expensive places to live. However, they are struggling with perceptions about safety, quality of life, underlying and persistent inequities, the economic health of city centers, and balancing budgets. What are the major shared challenges cities are confronting and how are they grappling with them? What new opportunities does this moment present? New York City has returned to pre-Covid unemployment levels (as of September 2023) but is grappling with a deepening affordable housing crisis, strained municipal budgets, and long-term climate risks, among other challenges. Is there an emerging playbook for addressing this moment? How is NYC handling these challenges? And, more optimistically, where are the opportunities?

Three days of inspiration, thought leadership, and connection

New York Hilton Midtown
New York, NY, United States

April 9-11, 2024

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Where ULI members come together to shape the built environment.