Editorial Staff The NIH Bayview Research Center — A New Model for ...

Owner

Description

Editorial Staff The NIH Bayview Research Center — A New Model for ...

Informations

• Publié par: ejymyram
• Nombre de lectures: 103
• Langue: English

Extrait

SUMMER 2008GOVERNMENT LEASING NEWS Editorial Staff Notable and Newsworthy EditorinChief ( Continued from page 1) United States Code, requires the Dennis Eisen,Ph.D. stated: Committeeon Transportation and 3017621441 Infrastructure of the House of Represen“The General Services Administra tion owns 1,532 Federal buildings tatives and the Committee on the Executive Editor totaling 181 million square feet of Environmentand Public Works of the Tom Rochford,President, space, which provides office space forSenate to pass resolutions authorizing Federal Landlords Association 470,000 Federal workers. GSA leasesthe construction, repair, alteration, or 9252992380 172 million square feet of space inleasing of space prior to an appropria 7,100 leased properties, which providestion of funds. Title 40 also requires the Copy Editor office space for an additional 590,000Administrator of General Services to Carolyn Hecht Federal workers. GSA's real propertysubmit to the Committees a prospectus activities are funded primarily throughrequesting authority for any project in the Federal Building Fund. The FBF isexcess of $2.59 million [as determined Board of Advisors an intragovernmental fund in whichfor FY 2008]. The prospectus must be David Cunningham,President, agencies pay rent to GSA for the spaceapproved by the Office of Management Federal Lease Consultants that they occupy. Any excess fundsand Budget, and must detail the Greg Eden,President, Intercap generated by the rental system are usedparticular project, along with the cost, Institutional Investors LLC benefits, and plan for Federal occufor building repairs and new construc tion. In 1975, the FBF replaced pancy.” Ken Kimbrough,President, appropriations to GSA as the primary Kimbrough & Associates;for means of financing the operations andAccording to an article by senior merCommissioner of Public capital costs associated with the Federalwriter Tim Kauffman published in the Buildings space owned or managed by GSA.Federal Times on February 12, 2008, Robert C. MacKichan, Jr.,Sen Congress exercises control over thethe Federal Emergency Management ior Counsel, Holland & Knight, FBF through the annual appropriationsAgency is moving forward with plans to former General Counsel, GSA classify much of Washington, DC, aprocess by setting limits on how much of the fund can be expended for variousflood zone—a ruling that will swamp Peter Shanley, President, (Continued on page 24) activities. Section 3307 of title 40, Phoenix Park Associates

The NIH Bayview Research Center — A New Model for LeaseConstruction Patrick J. Keogh, President, AMV

 Therecently completed $200 million National Institutes of Health Research Center is the largest building develop ment in Baltimore. As the new home of the National Institute of Aging (NIA) and the National Institute of Drug Abuse (NIDA), it is one of the finest medical research facilities in the coun try. Located on Johns Hopkins’ Bay view campus in east Baltimore, it is also a leaseconstruction project, commonly referred to as a buildtosuit. But it is a leaseconstruction project that adapted the industry’s best practices. As such, it offers an insight into how such projects can be accomplished in the same way these kinds of projects are developed in

the private sector. Bayview is also the least expensive research facility ever developed for NIH.  Toplan for the new Research Center, NIH engaged AMV, LLC to advise on all aspects of a potential new develop ment. For almost 15 years AMV has worked with NIH on a number of other developments. AMV holds a GSA schedule contract for providing a full range of facilities, financial, legal and consulting services. A GSA schedule contract is like a catalogue of services with competitively negotiated rates al ready established and approved by GSA. AMV leads a team of firms that provide specialized services under the

 2 

AMV schedule contract. These firms include CTL Capital in New York City (financial advisory), Regan Associates of Herndon Virginia (development) and Pillsbury Winthrop Shaw Pittman in Tysons Corner, Virginia (legal). All have extensive experience in public development and, specifically, the more standard ways the federal government does its privately financed buildtosuit projects. The first step in determining the fa cilities solution for NIH in Baltimore was to create a business plan that would detail all aspects of the proposed new facility. As part of the business planning ( Continued on page 3)