NRC venture tapped to develop climate change hub on Governors Island

by

A partnership of North River Company and BJH Advisors has
been selected to develop a climate change solutions hub on Governors Island.

Called Buttermilk Labs, the joint venture has been designated
by the Trust for Governors Island as the lessee for Building 301 following a
public RFP process seeking a developer to ground lease, redevelop, and operate
the historic structure as a hub of commercial, non-profit, and/or academic uses
related to sustainability and climate change solutions.

Buttermilk Labs (rendering top) will include 10,000 s/f of office and co-working space for small businesses and non-profit organizations in the environmental sustainability sector, R&D laboratory space, 2,000 s/f of event and convening space, and other public amenities for Governors Island visitors and tenants.

A curated venture space led by Greenwood Strategies and
Barretto Bay Strategies will anchor the project and provide support and
mentoring to a mix of startups focused on design and engineering for climate
adaptation, renewable energy research and monitoring, and the transition to a
low-carbon economy. The space will offer New York’s rapidly-expanding
climate-tech community a full roster of industry convenings, public events, and
commercialization and growth programming.

According to the Trust, the lab is already in talks with prospective tenants focused on the offshore wind and urban resiliency sectors. They include Duro UAS,  a New York City-based company that  makes  autonomous submersible systems for underwater monitoring and data collection; the Waterfront Alliance, which plans to offer STEM-based estuary education and public programming under its Rise to Resilience campaign; Rebuild by Design, which helps communities identify and design solutions for large-scale climate change.

Duro UAS makes underwater monitoring systems

Upon completion, Buttermilk Labs will also feature several
new public amenities for Governors Island, including year-round food and
beverage service, a 2,000 SF indoor event space, common areas open to the
public, exhibition spaces, and several outdoor amenities, including designated
space for outdoor events. Brooklyn-based Brown Butter Craft Bar and Kitchen is
in talks to operate F&B.

Empire State Development, through the New York City Regional
Economic Development Council, is supporting Buttermilk Labs with a $2,500,000
grant.  Acting Commissioner and President
& CEO-designate Hope Knight said, “Companies dedicated to creating a
cleaner environment are crucial to New York’s efforts in moving the State
toward a greener economy. Empire State Development is proud to provide funding
for this project, which will support businesses focused on climate change and
create a pipeline of talent for jobs in the industry. With Buttermilk Labs, New
York State will continue to lead the fight for creative climate solutions, and
a future focused on boosting our economy with green jobs.”

The announcement represents a milestone in the Trust’s
ongoing strategy to reactivate the Island’s nearly 1.3M SF of historic
buildings and represents the first commercial tenant on Governors Island
dedicated to climate solutions.

Constructed in 1934 and expanded in 1959, Building 301 originally served as a school for children of US Army and US Coast Guard personnel stationed on Governors Island.

Building 301 will be redeveloped as a climate change hub

Occupants of Buttermilk Labs will join Governors Island’s
growing community of year-round tenants, including the Urban Assembly New York
Harbor School, the Lower Manhattan Cultural Council Arts Center at Governors
Island, the Billion Oyster Project, Shandaken Projects, Beam Center, the
Institute for Public Architecture and QC Terme, a destination day spa that is
currently under construction.

In June, 2021, Mayor Bill de Blasio and the Trust for
Governors Island announced a competition to establish a Center for Climate
Solutions on Governors Island, and is currently seeking an anchor university
and research institution through a Request for Expressions of Interest.

Mayor Bill de Blasio recently announced that Governors
Island will be open to the public on a year-round basis for the first time in
history beginning in 2021, with NYC Ferry expanding service to seven days a
week on the South Brooklyn route. For more information, visit govisland.org.

New York City Regional Economic Development Council
Co-Chairs Winston Fisher, Partner at Fisher Brothers, and Félix V. Matos
Rodríguez, CUNY Chancellor, said, “Buttermilk Labs advances the NYCREDC’s goal
of preparing New York’s economy for a climate-friendly future. We are proud to
support the Trust for Governors Island and its partnership with Buttermilk
Labs, which will cultivate businesses and nonprofits focused on climate change
and help prepare a workforce that will protect the environment.”

“North River Company has a deep history restoring historic
structures and caring for environmental issues dating back to our founder,
Coleman Burke, who with his team, remodeled the 1890’s Terminal Stores Building
as well as other brick and beam structures,” said Christopher Flagg, President
of North River Company. “Coley also served on the board of the Woods Hole
Oceanographic Institution and several other environmental not-for-profits.
Being awarded this project designation by the Trust for Governors Island as the
first step of their broader initiative to establish the island as a global hub
of climate innovation would be an honor for any applicant, but certainly holds
a particular meaningfulness for our team.”

NRC will have majority ownership and management control of
the project. BJH Advisors is a certified minority and women-owned real estate
development, and public and private sector advisory firm; Barretto Bay
Strategies is an urban solutions consulting firm specializing in sustainable
activation practices for long vacant or underutilized properties; and Greenwood
Strategies is a climate action and innovation consulting firm helping emerging
companies address climate, energy and resiliency opportunities.

(Visited 1 times, 40 visits today)