Construction Today - Volume 16, Issue 2 - 104

Commercial | SL GREEN REALTY CORP. - ONE VANDERBILT

that will benefit One Vanderbilt's tenants
and the local community. These include a
new transit hall on Vanderbilt Avenue and
connections to the Long Island Rail Road
"that will reduce the commuting times for
Long Island commuters," he says, noting
that work will be completed off site.
"The public transit improvements also
include expansions and modifications of
stairways and platforms," he describes. "All
of these things are going to alleviate congestion and enhance safety."

Truly Green
SL Green Realty Corp. showed its green strength in 2017. "On the sustainability front, we
have garnered industry recognition on a local, national and international level," CEO Marc
Holliday said in a statement.
Real Estate Finance & Investment recognized the firm as the "Most Sustainable REIT" and
Business Intelligence Group gave it the "2017 Sustainability Award." The Institute of Real
Estate Management also awarded SL Green with its "Corporate Innovation" REME award for
its energy management platform.
"Our commitment is unwavering as we certified 50 percent of our owned and managed
portfolio under LEED and accounted for 8 percent of all ENERGY STAR labels across Manhattan in 2017 alone," Holliday added. "Looking at SL Green today, we are confident that we
have assembled a resilient and responsible portfolio that generates results and value."

Planning Ahead
AECOM Tishman has coped with the
challenge of working around Grand Central
Terminal, which nearly a million commuters pass through daily. "It's the major transit
artery for Metro-North, MTA subways 4, 5,
6 and 7, and the shuttle to Times Square,"
Piccinich says.
This has made it essential for the project
team to have the proper construction
processes in place, so both workers and
pedestrians are safe.
The site also employs a security staff "so
no one can wander in a controlled center,"
Piccinich says.
"One Vanderbilt's complex development
program addresses the site's challenges
including its proximity to Grand Central,
heavy pedestrian traffic and underground
subway lines," Piccinich says. "That in and
of itself speaks volumes in terms of the
planning that was required."

noting that the company strives to be a
leader. "We know our competition better
than they know themselves, so we never let
our guard down."
"Not only can we say we're the biggest,
but we're the best because we set that
standard and we demand excellence from
all of our people across different segments
of the company."
Piccinich, who has been with SL Green
for 16 years, is excited about the future. Not
only is the company positioned to continue

as a leader, but one with a commitment to
social responsibility, including embracing
New York City's carbon challenge.
"We're going to achieve a 30 percent
reduction in greenhouse gas emissions," he
reports, adding that the Real Estate Board of
New York and Building Owners and Managers Association International often ask it
about solar panels.
"They want to talk to us about what we're
doing," he says. "That's an underlying indication of how sought after we are."

Green is positioned to remain a
ยป SLmarket
leader with a commitment
to social responsibility.

Setting the Standard

104

CONSTRUCTION-TODAY.COM VOLUME 16, ISSUE 2

PHOTOS COURTESY OF MAX TOUHEY

Based in New York City, SL Green is an S&P
500 REIT that also stands as the largest office landlord in New York City. The company
focuses primarily on acquiring and managing commercial properties in Manhattan,
and as of December 2017 held interests
in 121 Manhattan buildings totaling 50
million square feet.
"Our mission is to always generate good
cash flow, create value and keep up with the
evolving markets," Piccinich says, noting
that SL Green takes pride in developing and
repositioning properties that are located in
the best spots in Manhattan.
"[We're] making sure what we build is
going to be performance leading," he says,


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Table of Contents for the Digital Edition of Construction Today - Volume 16, Issue 2

Contents
Construction Today - Volume 16, Issue 2 - Cover1
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