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For developing a building, we had the credibility of a gerbil".
"We're a college, and we're developing a building that doesn't follow the most environmentally correct standards?" he said.
"I would like to get a premium in rents by developing a building that's exciting because of the people who are in there," he said.
But, Mr. Ratner cautioned, developing a building "is a little like producing a play on Broadway, because you can never be sure if you have a hit until opening night".
To correct this, the GBCA is developing a building retrofit toolkit and is working with governments to get more support for funding and incentives to encourage upgrades and retrofits.
"Once people see what the real costs are and how there are so many unknowns when developing a building this old," he said, "I don't think they'll be willing to tax themselves to the extent that would be needed to support it".
Similar(52)
But BIG had never developed a building abroad.
He also designed and developed a building at 491-495 WeStreeteet in the West Village.
And at another East Harlem site, Potamkin Auto Group will develop a building to house several auto dealerships, the city's Economic Development Corporation said.
"In a place like Midtown Manhattan, it can take 7 to 10 years to develop a building, so you know what's coming online," Mr. Manno said.
But around the same time, Mr. Jacobson and his brother John decided to develop a building at 520 West 19th Street and have Ms. Selldorf design it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com