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C D TRAINS vibrant community city college HARLEM STAGE RED ROOSTER harlem piers HUDSON RIVER FLOOR TO CEILING GLASS 300K B w.125th AMSTERDAM columbia university sq ft HARLEM SHAKE APOLLO street A THEATER APOLLO AMSTERDAM columbia university sq ft THEATER urbanistic w.125th HARLEM SHAKE 1 the studio museum RED ROOSTER HARLEM STAGE the studio museum city college transformative vibrant community roof terraces 300K TRAINS que D operable windows uni C LOFT-LIKE CEILINGS street B 1 stop to midtown A bar-b-que 1 fairway market dinosaur transformative roof terraces contemporary urbanistic FLOOR TO CEILING GLASS operable windows uni bar-b-que LOFT-LIKE CEILINGS que 1 stop to midtown harlem piers HUDSON RIVER dinosaur pisticci factory district broadway fairway market contemporary new class a office building TECH SPACE LEED CERTIFIED pisticci factory district broadway new class a office building TECH SPACE LEED CERTIFIED PAGE PAGE 3 8 PAGE 10 PAGE 12 20 At the intersection of West 126th and 127th Streets, the Taystee Building will complement Columbia University’s and City College’s extraordinary campus expansions and connect to the historic excitement of the 125th Street arts and culture corridor. It will share its 21st century vibe with the industrial fabric of the Factory District and will bring a new level of activity to one of New York’s most exciting neighborhoods. OVERVIEW PAGE The Taystee Building is the next phase in the development of the Manhattanville Factory District created by the Janus Property Company. The first two phases, the Mink Building and the Sweets Building, are 100% complete and fully-leased. page 4 TAYSTEE 22 overview NEIGHBORHOOD LOCATION PROPERTY facts & figures DEVELOPMENT TEAM PAGE On the site of the former Taystee bakery, a new 300,000 square foot Class A, LEED-certified, state-ofthe-art building will rise. The former bakery will become a destination for today’s innovative businesses and will meld a modern aesthetic into the context of the area’s former industrial buildings. THE TAYSTEE BUILDING IS TRANSFORMATIVE. it will completely REVITALIZE the growing MANHATTANVILLE FACTORY DISTRICT bridging columbia university and city college with the 125th street arts and culture corridor. SCOTT METZNER & JERRY SALAMA The Janus Property Company NICK LEMBO, GREG BAUSO, KIRK GOODRICH & PETER HANSEN Monadnock Construction page TAYSTEE 5 David leven & stella betts LevenBetts Architects — OVERVIEW OUR DESIGN CELEBRATES THE INDUSTRIAL CONTEXT WHILE INVITING TENANTS, NEIGHBORS, pedestrians & cyclists TO ENJOY THIS NEW DYNAMIC URBAN HUB. page 6 TAYSTEE OVERVIEW — OVERVIEW 7 8 TAYSTEE OVERVIEW page TAYSTEE page something taystee The Janus Property Company has built a reputation for creativity, integrity and success, becoming a leader in transforming New York’s obsolete buildings and underutilized land into newly active and lively neighborhoods. With over 25 years of deep experience developing, building and managing commercial, multi-family and mixed-use projects in New York, Janus recently turned its focus to the Manhattanville Factory District between West 125th and 128th Streets in West Harlem. The District encompasses three acres of extraordinary old industrial buildings and vacant lots. Janus has beautifully redeveloped and fully leased over 200,000 square feet of mixed-use commercial and residential projects in the District. Based on its impressive track record and widespread community support, Janus and its partner, Monadnock Construction, were selected in a City-wide competition by New York’s Economic Development Corporation to develop the old Taystee bakery complex, fronting 125th Street and spanning 400 feet on West 126th Street, into the defining element of the Factory District. A Special Mixed-Use rezoning for the District passed New York’s City Council in November, 2012, allowing Janus the opportunity to bring its exciting one million square foot master-planned vision for the Factory District and the extraordinary new Taystee Building to a delicious reality. — — welcome to the neighborhood Situated on New York’s beautiful Hudson River, West Harlem is a neighborhood full of energy, culture and charm. It’s a short walk or bike ride on the Hudson River Greenway to the Taystee Building. In a few blocks, you can stroll through Riverside Park, visit world-class educational, arts and cultural institutions or shop at the Fairway gourmet grocery. For lunch or dinner, head to one of the growing list of Zagat’s highly-rated restaurants. red rooster jin Ramen - broadway MAISON HARLEM studio museum 5 6 7 8 Dinosaur bAR-B-QUE RIVERSIDE park harlem piers harlem stage 9 10 11 12 columbia university barnard college MINTON’S PLAYHOUSE city college 13 14 15 16 apollo theater pisticci mink building fairway market neighborhood 1 2 3 4 page 1 2 3 4 TAYSTEE 9 6 5 11 9 10 Photo Credits: (1) Kullez, (4) Matthew Kiernan, (6) Jeffrey Zeldman, (10) WalkingGeek, (7 & 12) djprybyl, (13) Alejandra Palés 7 8 15 12 13 14 16 GE RDA M S TE NIC STE HOL RDA AS MA VE PAR K CIT Y AM ST AM NGS PARIDE K RNI THE location EH SID WE ST Y SIT VER UNI BIA UM ATE R page TAYSTEE MO 125th st ENTRANCE HS TRE ET W1 27T HS EET STR TRE east ENTRANCE ET RIVERSIDE PARK Harlem Piers Hudson River Greenway Morningside Park Riverbank State Park General Grant National Memorial Hamilton Grange LLO west ENTRANCE TRE Apollo TheatER Minton’s Playhouse Harlem Stage Showmans Jazz Club Cotton Club Chashama Harlem School of the Arts National Jazz Museum SoHarlem: CREATIVE OUTLET Studio Museum 28T HS PARKS AND recreation W1 25T theater, arts & culture Corner Social Cedric Harlem Shake Barawine The Cecil Chocolat Harlem Tavern Native Vinateria 9A Lido’s MELBA’S APO D D MORNINGSIDE AVENUE Dinosaur Bar-B-Que Maison Harlem Covo Lounge Hudson River Café Jin Ramen – Broadway Kitchenette Uptown Toast Pisticci Max Soha Nikko Red Rooster Chez Lucienne C 12 UE Columbia University City College of the City University of New York CUNY Advanced Science Research Center Barnard College Union Theological Seminary Jewish Theological Seminary Manhattan School of Music BC B AVE N DINING A A H 26T W1 EDUCATIONAL INSTITUTIONS BRO ADW AY WY IDE PAR K ERS RIV d TER DAM b COL c 1 AM S a COL LE WY EH SID ST WE W126 & 127 1 AVE CO UNI LUMB VER IA SIT Y BRO ADW AY IVE R NR DSO HU 1 W1 MSTERDAM AVENU Transportation to and from the Taystee Building is extremely convenient. Just to the east is the 125th Street A, B, C and D subway lines. The A and D express trains are one stop to Midtown. Just west is the Broadway #1 subway line serving the entire west side of Manhattan. The West Side Highway and Hudson River Greenway bike path are two avenues to the west. Bike commuters will enjoy the convenience of an indoor street level bike concierge just off the building’s west lobby. The Taystee Building is also easy to reach by bus as many major bus routes converge at 125th Street and Amsterdam Avenue. ST 125 ET W TRE HS 25T W1 AT THE INTERSECTION OF The Taystee Building is located at the unique intersection of West 126th & 127th Streets, just east of Amsterdam Avenue. ET — PROPERTY The Taystee Building is unequivocally modern and efficient. Its cores and column spacing have been designed to assure flexible tenant layouts. The high ceilings and floor-to-ceiling glass provide the spaces with abundant natural light, creating warm, inviting and productive work spaces. Operable windows allow occupants to control their environment further. On several floors, Taystee tenants may enjoy extensive private outdoor space. page 14 TAYSTEE TAYSTEE 13 unique design property page Design matters to Janus. Every detail has been considered. The award-winning architectural firm, LevenBetts, started with a site plan that creates a unique mid-block urban passageway and open plaza that extends from West 125th Street to the main entrance of the building on West 126th Street. This broad light-filled green space will feature beautiful landscaping and numerous places for tenants to gather, hold an outdoor meeting, or relax and enjoy a work break. The facades of black steel and large expanses of glass evoke the area’s industrial architecture, while bringing the transparency of 21st century architecture to the block. PROPERTY 15 16 TAYSTEE PROPERTY page TAYSTEE page innovative and exciting The Taystee Building is the centerpiece of the Janus masterplan for the Manhattanville Factory District. The District is ideally situated between Columbia University’s $7 billion 17-acre expansion and CUNY’s flagship City College. The two world-renowned universities are creating new teaching, research and technology that are driving today’s economy. The building is also located in the heart of Harlem’s famous arts and culture corridor. New and exciting restaurants and supper clubs are opening. Red Rooster, Dinosaur Bar-B-Que, Minton’s Playhouse, the legendary Apollo Theater and the Studio Museum of Harlem are all here. — PROPERTY 17 18 TAYSTEE PROPERTY page TAYSTEE page THE FIRST OF ITS KIND The Taystee Building offers tenants a special work environment with 300,000 square feet of features and amenities that enhance the modern work experience: • State-of-the-art HVAC systems, elevators and infrastructure • LEED Silver certification • Large floor plates with efficient cores • Expansive 30’ column spacing • High ceilings with minimum 13’7” floor-to-floor • Views and natural light from floor-to-ceiling glass • Operable windows • Extensive private and shared green spaces — 34,136 rSF FLOOR 2 34,136 rSF floor 1 garden level 20,639 SF Workstation 96 Office 5 Meeting Room 2 Conference Room 1 COPY/RPINT/MAIL MECHANICAL LAN Breakout Area 1 MEETING Cafe 1 Penthouse 1 SPACE QTY WORKSTATION 273 OFFICE 15 RECEPTION 2 MEETING ROOM 19,360 RSF CREATIVE TEST FIT COMBINED 9TH AND 10TH FLOORS Copy / Print / Mail 1 TERRACE 5,818 SF SPACE QTY WORKSTATION Total 101 Space Qty. Workstation 174 Office 10 Reception 1 Meeting Room 3 Conference Room 3 Collaboration Area 1 Breakout Area 1 Cafe / Collab. Zone 1 Copy / Print / Mail 1 Mail 1 Total 185 Space Qty. Workstation 212 Office 21 Reception 1 Meeting Room 2 Conference Room 5 Cafe / Collab. Zone 1 Pantry 1 Copy / Print 1 Mail 1 Total 234 96 OFFICE 5 RECEPTION 1 4 MEETING ROOM 2 CONFERENCE ROOM 2 CONFERENCE ROOM 1 TOUCH DOWN AREA 1 BREAKOUT AREA 1 COLLABORATION AREA 1 CAFE 1 BREAKOUT AREA 2 COPY/PRINT/MAIL CAFE 1 TOTAL PANTRY 1 COPY/PRINT/MAIL 2 PHONE 4 TOTAL 1 102 BREAKOUT AREA 290 CONFERENCE MEETING RECEPTION CONFERENCE MEETING C AFE / COLLABORATION ZONE OFFICE TAYS T E E B U I L D I N G - 4 5 0 WE S T 126T H S T R E E T, N E W YO R K , N Y THE SWITZER GROUP OFFICE OFFICE OFFICE COATS OFFICE 10 T H F LO O R OFFICE CONFERENCE COLLABORATION AREA MEETING OFFICE OFFICE ELEC TELE LAN MECHANICAL MECHANICAL FLOOR 8 OFFICE COPY/ MAIL FREIGHT OFFICE 27,332 rSF CREATIVE TEST FIT TERRACE 1,817 SF OFFICE CONFERENCE OFFICE OFFICE CONFERENCE CONFERENCE OFFICE RECEPTION OFFICE OFFICE OFFICE OFFICE COATS CONFERENCE MEETING BRANDING CAFE / COLLABORATION ZONE COATS COATS ELEC TELE MECHANICAL MEETING OFFICE OFFICE OFFICE OFFICE OFFICE OFFICE OFFICE MECHANICAL OFFICE OFFICE OFFICE OFFICE OFFICE OFFICE FREIGHT LAN CONFERENCE floors 2-5 high-density TEST FIT 34,136 rSF SPACE WORKSTATION 212 OFFICE 21 RECEPTION 1 MEETING ROOM 2 CONFERENCE ROOM 5 CAFE / COLLABORATION ZONE 1 PANTRY 1 COPY/PRINT 1 MAIL TOTAL THE SWITZER GROUP TAYS T E E B U I L D I N G - 4 5 0 WE S T 126T H S T R E E T, N E W YO R K , N Y 5 T H F LO O R - H I G H D E N S I T Y QTY 1 235 PROPERTY COATS JAN MEETING page 20 TAYSTEE ELEC MECHANICAL Terrace 3,610 SF 18,951 SF TELE MAIL 34,136 rSF Qty. COATS ELEC JAN 34,136 rSF FLOOR 3 CAFE COATS FLOOR 4 Terrace 3,597 SF COATS JAN FLOOR 5 BREAKOUT AREA Terrace 1,817 SF 29,817 rSF 29,203 rSF OFFICE OFFICE ELEC FLOOR 6 OFFICE 27,332 rSF 27,332 rSF Space OFFICE JAN FLOOR 7 CONFERENCE/TRAINING ROOM ELEC FLOOR 8 TAYSTEE BUILDING 10TH FLOOR JAN FLOOR 9 Terrace 5,818 SF COPY/ PRINT 19,360 rSF PANTRY PENTHOUSE 1 126th street Terrace 6,751 SF JAN 8,936 rSF T ALL TACKS UP PENTHOUSE 2 floor plans and test fits COPY / PRINT stacking plan facts & figures tenant economic incentive benefits page TAYSTEE 21 building features Outdoor Terraces PH 2 PH 1 FLOORS FL 8 FL 6 FEET FL 2 6,751 sf COMMERCIAL RENT TAX EXEMPTION RELOCATION & EMPLOYMENT ASSISTANCE PROGRAM hvac - Cooling SYSTEM 1,200 ton (3) cell cooling tower Ample capacity for Tenant supplemental cooling HVAC - cooling DISTRIBUTION Floor-by-floor water-cooled package units 5,818 sf Taystee tenants that relocate jobs from outside New York City or from below 96th Street in Manhattan are eligible to receive REAP business income tax credits equal to $3,000 per employee per year for twelve years. A company relocating 200 employees would receive a $600,000 per year income tax credit under REAP representing savings of between $14 and $20 per square foot per year. Taystee tenants are exempt from the occupancy tax that companies pay south of 96th Street. This exempts users from an annual tax of 3.9% of the rent, representing savings of almost $2 per square foot per year. annual savings Energy Cost Savings Program and Business Incentive Rate 10 two glass LEED $3,000 3.9%rent facts & figures 300,000 rsf 1,817 sf Floor To Floor Heights 2nd Floor – 15’ 3rd-11th Floors – 13’7” Finished Ceiling Heights 3,597 sf sustainability 2nd Floor – 11’6” 3rd-11th Floors – 10’0” 27 3,610 sf TWO LOBBIES Separate east and west tenant entries floor to Exterior Wall ceiling Glass curtain wall and window wall Column Spacing 30’ east to west 20’-30’ north to south Core Orientation Dual side core Heating SYSTEM Structural Steel frame and concrete slab Gas-fired hot water condensing boilers Floor Load Heating DISTRIBUTION 50 lbs. live load Floor-mounted fin-tube radiation including electric control valves Elevators 5 Passenger and 1 Freight Telecommunications 2 telco closets per floor Loading Dock Drive-in LOBBIES Tenant Electrical Load Capacity 6 watts per square foot demand load exclusive of base building HVAC SILVER BIKE ROOM Indoor, street level bike concierge Subways A, B, C, D and 1 trains storm water reclamation system Taystee tenants will benefit from reduced electric rates from two programs: ECSP and BIR. The first program will reduce the entire electric bill by approximately 15% to 20% for each of twelve years; the second program will reduce the entire electric bill by an additional 12% to 15% for fifteen years. Combined savings range from approximately 27% to 35% of total electric costs. PER EMPLOYEE facts & figures 11 gross building area base building mechanical and electrical page 22 TAYSTEE design details REAL ESTATE TAX EXEMPTION The Taystee Building will qualify for an enhanced 25 year Industrial and Commercial Abatement Program (ICAP) real estate tax benefit that will significantly reduce tenants’ exposure to real estate tax increases. TO 25 35 year percent enhanced i.c.a.p. The Taystee Building is being developed by a joint venture of affiliates of The Janus Property Company and Monadnock Construction. Together, Janus and Monadnock bring long-term track records of success, deep local involvement and support, and a commitment to quality and value. founded Janus over 25 years ago. With his partner, Jerry Salama, their development work together has included extensive rehabilitation and new construction of market rate and affordable rental and condominium housing, mixed-use projects, large-scale commercial buildings, and the master-planning and rezoning of the largest non-institutional assemblage of privately-owned property in West Harlem. Mr. Metzner was one of the earliest developers involved with Harlem’s current re-birth. In addition to his New York projects, Mr. Metzner has been active in both national real estate markets and international capital markets in senior positions at Roseland Property Company, Daiwa Securities America and as a partner at Eastdil Realty, a precursor to Eastdil-Secured. Mr. Metzner received a Master of Business Administration from Columbia University and a Bachelor of Architecture professional degree from the University of Maryland. He serves on the Executive Committee of the board of Phipps Houses, New York’s largest affordable housing developer/ owner, is a board member of Phipps Neighborhoods and is Vice Chair of the Real Estate Committee of the board of the Lower East Side Tenement Museum. JERRY SALAMA has been a Principal of The Janus Property Company since 1998. Prior to Janus, Mr. Salama was Deputy Commissioner of the New York City Department of Housing Preservation and Development, Acting General Manager of the New York City Housing Authority and Counsel to the Deputy Mayor of New York for Finance and Economic Development. Earlier in his career, Mr. Salama was a real estate attorney with the law firm of Paul, Weiss, Rifkind, Wharton & Garrison. Mr. Salama received a J.D. from Harvard Law School, a Master in Public Policy from Harvard’s Kennedy School of Government and a Bachelor of Arts in Public Policy from the University of Pennsylvania. For the last 19 years, he has taught a course at the New York University School of Law entitled “Land Use, Housing and Community Development in New York City.” NICK LEMBO is founder of Monadnock Construction, a New York City-based general contractor, modular manufacturer and real estate developer. Monadnock is ranked by Engineering News Record as one of the top 25 New York City contractors, having completed more than 12,000 housing units since its inception in 1975. In addition to his substantial development and general contracting activities, in 1995 Mr. Lembo founded Capsys Corp., a manufacturer of modular buildings. Since then, Capsys has constructed projects totaling more than 3,000,000 square feet. Mr. Lembo was born and lives in New York City. He received a Bachelor of Architecture degree from Cornell University. LevenBetts Design Architect SLCE Architects Executive Architect our team team co-developer and general contractor taystee developer TAYSTEE 23 the janus property company monadnock construction DEVELOPMENT TEAM page SCOTT METZNER De Nardis Engineering Structural Engineer Jack Green Associates MEP Engineers Cushman & Wakefield Leasing The City of New York New York City Economic Development Corporation The State of New York the New York State Empire State Development corp. Manhattan Community Board #9 THE TAYSTEE BUILDING 450 WEST 126TH STREET WWW.TAYSTEEBLDG.COM cushman & wakefield 1290 avenue of the americas new york, ny 10104 Jonathan Fales T 212-841-5989 Jonathan.Fales@cushwake.com Myles Fennon T 212-841-7532 myles.fennon@cushwake.com Joshua Goldman T 212-713-6780 joshua.goldman@cushwake.com David Itzkowitz T 212-841-7551 david.itzkowitz@cushwake.com Michelle Walker T 212-841-7724 michelle.walker@cushwake.com The TAYSTEE® trademark is used under license.