Prime Contractor: HDR
Client: New York City Economic Development Corporation
Date: January 2016
Location: New York, NY

Situation
• The City’s Economic Development Corporation is tasked with implementing the policies
and goals issued by the Mayor’s office. HDR subcontracted Dr. Charles
Warren to be part of a team of engineering, real estate, economic, and
financial professionals providing ongoing services.

Goals
• Evaluate, coordinate and optimize multiple initiatives involving real
estate development, economic growth, infrastructure improvements,
housing policy, and city and state legislation. Assist the EDC in
maximizing impact and minimizing cross-interference of wellintentioned
policies.

Services
• Dr. Warren worked with the EDC to understand the types of sectors,
industries, and businesses that could provide the next generation of
economic growth for the city and regional economy.
• Labor and Industry Analysis detailed the mix of end uses that will
most likely result in a vibrant redevelopment and be required by major
tenants and the target population. Pro formas developed for each
component contemplated by the market analysis tested each
component for its feasibility under real world lending, cost, and
revenue conditions.

Results
• The team assisted the EDC in organizing its policy priorities to
rationalize multiple initiatives in an effort to coordinate timing and
maximize impact.

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