Nov. 28, 2018 – 8:38 – Rudin Management CEO William C. Rudin on big tech’s impact on commercial real estate and the outlook for Federal Reserve policy.
Bill Rudin, co-chairman and chief executive officer at Rudin Management, discusses the impact of rising interest rates on New York City real estate, his firm’s newest development in Brooklyn, and the prospect of government help on infrastructure. He speaks on “Bloomberg Daybreak: Americas.” (Source: Bloomberg)
One of New York’s most influential landlords, Rudin Management, got into the PropTech biz in 2016 when they founded Prescriptive Data in 2016. Their flagship product, called Nantum, was billed as an operating system for buildings and used machine learning to help turn building data into insights for building operators.
Yesterday at the Realcomm conference in Las Vegas the Prescriptive Data team unveiled their latest product in the Nantum line, The Nantum Tenant Fractal App. This new product allows tenants to manage guests, expedite security and access, reserve rooms and amenities and order food and beverages, all from their personal smartphone. Nantum TFA will also give tenants unique access to the building management through issue reporting and HVAC preferences.
Now tenants will benefit from the insights that Nantum learns just like the managers and owners did from the original building software. John Gilbert, EVP and COO at Rudin Management explained, “The Nantum Tenant Fractal App, and the data it captures, fundamentally changes our relationship with our tenants – more than being landlord, we can now deliver data and insights to our tenants to help them increase the health, wellness, and productivity of their employees.”
S9 Architecture’s glassy, stepped structure on the Brooklyn waterfront, known as Dock 72, is getting ready for a December debut. The facade was mostly complete and some floors on the interior were close to ready for tenant build-out when Brownstoner stopped by Friday.
An unusual new-construction office and light manufacturing development in the Brooklyn Navy Yard, the project is a joint venture between Boston Properties and Rudin Management in collaboration with WeWork. (The developers have a ground lease from the Navy Yard for the site.)
The 16-story, 675,000-square-foot building was designed by S9 to fit on on a slim peninsula that juts into Wallabout Bay. The design was partly inspired by a boat hull, according to the Architect’s Newspaper. Slim concrete struts and orange stripes break up expanses of glass on the facade.
The glassy cladding has reached all but the top two stories. Construction continues on the plaza, entrances, walkways and ground floor.
The U.S. Navy may have pulled out of the Brooklyn Navy Yard seven decades ago, but the 300-acre site is humming with activity these days. Already a steadily growing manufacturing hub that encompasses everything from coffee roasting to film and TV production, the Navy Yard soon will become home to TAMI-sector office tenants as well, in what’s being touted as “a laboratory for the production of ideas and innovation.”
The building these tenants will call home is a ground-up project on the East River waterfront, now in the latter stages of construction by a partnership of Rudin Development and Boston Properties. Known as Dock 72, the 675,000-square-foot, 16-story facility will be one of the city’s largest office properties to be built outside of Manhattan in decades, and is projected to bring another 4,000 employees to the Navy Yard. Pictured above is an onsite diagram of what they’ll find at the new project.