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Cornell University Applied Sciences Campus  KBA
served as consultant to Cornell in the University’s successful quest to
win the Bloomberg administration’s competition to attract a world-class
applied sciences and engineering campus to New York City. Announced as
winner in December, 2011, Cornell received a 10-acre site on Roosevelt
Island and $100 million of City capital budget funding. KBA began working with Cornell in early 2011 and assisted Cornell to build the development team needed to respond to the NYC Economic Development Corporation’s initial Request for Expressions of Interest, which was due in March 2011. Working closely with Cornell’s leadership, KBA helped the University to articulate its academic vision and explain how its new campus would catalyze the growth of the City’s tech sector, adding new diversity to its economy. KBA helped Cornell to select an architect and other professionals, complete financial analysis of its proposal, draft copy, and produce the proposal book. KBA then helped Cornell to craft the University’s submission to NYCEDC’s Request for Proposals, which was delivered in October 2011. Serving as coordinator of an expanded team, KBA helped Cornell to formulate its overall development strategy for the RFP, including the space program, third party development partners, capital budget, and funding plan. KBA also helped Cornell to negotiate the terms of a predevelopment agreement, ground lease, and funding agreement with the City of New York. KBA is now serving as the University’s real estate advisor and interim project manager for its planned 2 million square-foot campus. KBA manages regular meetings with the project team, helping to shepherd CornellNYC through New York City's land use, design, and environmental review processes on an accelerated schedule. In addition to classrooms and research space, the campus will accommodate up to 800,000 square feet of housing for students, faculty, and staff; 500,000 square feet of lab and office space for corporate research teams and other businesses, and a potential 200-room hotel conference center. KBA's work going forward will focus on assisting the University to identify and select private development partners for the non-academic uses via a competitive process. The CornellNYC campus is scheduled to break ground in January, 2014 and to open on site in the summer of 2017. |
