Author: Patty Drummond

October Virtual Luncheon – Deciphering Healthcare – Trends, Opportunities, and Advice on the Healthcare Industry

Submitted by Keiko Pace

CREW’s October Virtual Luncheon explored healthcare trends and opportunities in our current environment. Bryan Johnson, with Colliers International, was the moderator, and Tommy Catone with Summit Healthcare Group, Tiffany Johnson, with CBRE, and Esezele Payne, with Atrium, were the panelists.

Esezele Payne, with Atrium, spoke about women in healthcare and how covid impacted many women employees, forcing some to leave the healthcare industry due to family obligations. One of Atrium’s main goals is to diversify and create diversity within leadership roles, so attracting and keeping women in their workforce is a huge goal for Atrium Health. Atrium has been expanding in Winston Salem, Macon, Georgia, and other parts of Georgia, and they are looking to grow in areas where they haven’t focused in the past.

CBRE is focusing on leadership diversity. They have a goal of investing over $700 million in diverse suppliers by 2025. They have seen a surge in medical office buildings with an increase in price per sq ft. Many organizations are backlogged in medical procedures and the need for medical real estate is changing the landscape of the healthcare industry.

Summit Healthcare has had to pivot by looking for more creative opportunities and thinking outside the box since real estate is at a premium. They spoke about a project where they took an old Bi-Lo’s building and recently turned it into a healthcare facility.

Covid has affected each of these organizations differently. With Atrium, it has been more difficult to get approvals and therefore restraints on capital funding. They have incorporated more virtual care, more patient needs, and created more urgent care centers. All 3 organizations spoke about the “Retailization” of healthcare, meaning that the healthcare trend is currently heading to more retail focus centers like the banking industry has done in the past. CBRE, Atrium, and Summit Healthcare are all focused on strategic growth, being stable, and finding ways to improve performances in technology, customer care, and remaining connected to patients/ clients in an ever-changing environment.

August Luncheon Tour of the Innovation Barn

Submitted by Elizabeth Hamilton, Progressive AE

Tuesday, August 10^th CREW Charlotte participated in a tour and lunch at Charlotte’s Innovation Barn, 932 Seigle Avenue. After a brief introduction to the principles of Circular Economies Amy Aussiker, of Envision Charlotte, provided a tour of Charlotte’s new circular economy hub.

Members were introduced to:

– Crown Town Compost’s soldier fly facility where food waste fuels new growth cycles.

– How reclaimed aluminum cans are sorted, compacted, and baled for recycling.

– How plastic waste can be recycled into filament for 3d printers and bricks.

– How glass bottles can be pulverized to sand (with demonstration assistance from Scarlett Powell) for use in concrete, landscaping, or for the creation of new glass products.

– A Learning Kitchen where people can learn how to reduce food waste, and use the newest energy-efficient appliances (such as induction cooktops).

– A showroom for Carolina urban Lumber, where furniture made from fallen Charlotte trees start their new use.

– Vertical Aquaponics, and how aquaponic farming of fish coincides with soldier fly larvae and providing fertilizer to grow vegetables.

Members then enjoyed lunch in the RePour Taproom.

For additional information on Envision Charlotte, Circular Charlotte and the Innovation Barn, visit https://envisioncharlotte.com/

CREW Charlotte June 2021 Luncheon – The Charlotte Future 2040 Comprehensive Plan with Taiwo Jaiyeoba

Taiwo Jaiyeoba, assistant city manager and director of planning, design and development, was the perfect speaker for CREW Charlotte’s first in-person luncheon since early 2020. Taiwo discussed the Charlotte Future 2040 Comprehensive Plan, which is the first comprehensive plan in 45 years. This plan addresses equity, transportation, quality of life, economic development, jobs, upward mobility, affordable housing, health, safety and sustainability.

Taiwo is known for his ability to bring people together – he champions accessibility and connectivity for all Charlotte area residents. One area he finds particularly important is diversification of housing projects in neighborhoods. He believes that neighborhoods should not offer exclusively single-family homes, but should have options for duplexes, triplexes, and quadraplexes. Having a variety of housing options allows the area to attract a variety of people and meet them where they are. Taiwo mentioned that the variation in housing product has been met with some resistance from existing community members. The primary concern is that these products are often rentals and do not have the same level of upkeep as traditional single-family homes. His suggestion is that we need to hold the landlords accountable for the maintenance of their product.

He also mentioned the importance of connectivity through transit. A strong transit system helps create access for a diverse group of people. He specifically focused on the bus system because 80% of public transit users rely on the bus system. Of that 80%, people of color make up 79%. It is therefore extremely important that we find a way to improve this system. He was quick to acknowledge that our current system is not as quick or as frequent in service as he would like. This is a discouragement for a lot of people in using the public transit system.

Taiwo’s energy and excitement over the plan was encouraging. He left us with the idea of a community benefit agreement which is the idea that people shouldn’t feel that development is doing something to them but instead be involved in the process. The new plan looks for a way to create a community that connects and includes all residents.

The Office Called. It Wants Its Workers Back

Submitted by Kim Marks, ProgressiveAE

CREW Charlotte featured “The Office Called. It Wants Its Workers Back” for the May virtual lunch topic. The panel moderated by Scarlet Powell, Senior Account Manager at AVI-SPL, consisted of Molly Carroll, Partner, Marketing and Communications at Trinity Partners, Steve Hallmark, Director of Operations for North Carolina with Cousins Properties, and Virginia Luther, Managing Director Charlotte Commercial at The Spectrum Companies. Our esteemed panel of local industry experts discussed heading back into our workspaces from multiple perspectives, including operations, communications, and technology.

Steve spoke from a building owner perspective relaying the initiatives Cousins has taken on at One South (formerly Bank of America Plaza) including the FitWell designation. Covid was not the main driver for these initiatives, were they already a part of Cousins strategic approach for building operations and sustainability.

Technology is rising to the top of perhaps the most important change resulting out of this pandemic. From Building Owners and Tenants requesting building data and information to Employees wanting the flexibility to work from any location that best suits their needs for that task. Technology needs to be seamless, easy to use and fast.

A common question was whether building owners or organizations had expressed any plans or desire to require their occupants/employees to provide proof of vaccination in order to return to the office? Most panelists agreed that they have not experienced this yet but do know several companies incentivizing employees if they do show proof of vaccination.

There has been a lot of talk about what the office will look like or feel like once we return to the office. Most companies believe that they will adopt a hybrid solution which allows Employee’s flexibility in where they work while meeting the needs of the organization. “If this has taught us anything, it’s that creating a culture that people want to collaborate and engage in is what Trinity does well,” said Molly Carroll. “We’re trying to create an environment where people feel safe enough to engage in that way, so we can get back to the work we’re supposed to be doing.”

Industrial is Booming…and Why it Matters to Everyone

Submitted by Kim Marks, Progressive AE

During our CREW Charlotte April virtual lunch on April 20^th, we heard from representatives focused on our local Industrial market that Charlotte’s secret was out. With our proximity to multiple expressways, healthy population growth, and workforce training initiatives, we are prime for manufacturing companies looking to relocate or expand. Our local representatives included Sloan Kormelink, Edifice; Anne Johnson, CBRE; Massie Flippin, Trinity; and Dianne Jones, Maxis Advisors.

The type of industrial building is changing particularly for large e-commerce companies that are focusing on our area. The wish list continues to evolve, from super flat floors and thicker floor slabs, 40’ or more clearance height to extra power requirements.  One of the more aggressive changes is the amount of square footage Clients are looking for which is now 600,000 square feet or more. This is hard to find in an existing building footprint. E-commerce has put as much importance on the exterior of a facility requiring parking for cars and vans, charging stations, as well as access to the highway, and proximity to the population.

They spoke briefly about incentives and how NC stacks up against our neighbors, specifically South Carolina. When you are in the heat of the competition it seems like a valley between the two offers but when you boil it down, they come in very close to each other. One of the biggest differences is that SC can provide cash on the front side and NC has a larger talent pool to draw from.

So, what’s next on the industrial horizon, you might be asking. Our panelists had a lot to say on this front! It was suggested that we should be on the lookout for 3^rd party logistic companies, increased technology requirements, more employee amenities, higher rent rates, and new developments continuing to move up 1-85 North and 1-77 North.

Unlocking the Hidden Value of Art and Community Messaging in Commercial Real Estate

Submitted by Jaren Wells, Gensler

Our March luncheon took a deeper dive into Unlocking the Hidden Value of Art and Community Messaging in Commercial Real Estate. Kathleen Jordan, of Gensler, led a lively discussion with panelists Carla Hanzal (Arts & Science Council), Jenny Vallimont (Gokatta) and Carla Hickey (ArtPop Street Gallery). Our panelists discussed how Art not only is becoming increasingly valuable as an opportunity for community and corporate messaging, but can also provide unexpected Return on Investments in the process. Process and “how to” information was also shared, including what to include in your project budget.

Community Messaging & leadership: Not everyone can go to a Museum. Therefore, bringing art to the community, making it accessible to all, has been highly encouraged and supported by our City & County leadership. They are in support of the arts, innovation and risk taking. Corporations also see the advantage in expressing their values especially at a time when uplifting and encouraging messages are much needed.

ROI: Art can have an influence on property value. It is no longer an add but expected by tenants, therefore helping ROI by connecting with the community as an integral part of the developments. As sales increase, the value of the community that cherishes and supports the arts increase. What goes immeasurable is the PR publicity through social media.

Process: All of our consultants recommend early integration into the Design process, in Schematic Design phase. Integrating art into the design, such as an architectural screening mechanism, can save money. Timelines will vary depending upon development and art media used.

Future Trends:
Jenny Vallimont: During the Pandemic, people are looking to find effective means to Connect. Supporting local needs and activism through Art, utilizing a virtual means via technology, like AR (Augmented Reality).
Carla Hanzal: Activated art is a big trend, involving socially distanced interactive art, such as “Balancing Act”, located at First Ward Park across from Imaginon. The Social aspect of art is equally as important. Providing more resources integrated with art such as community gardens and recreation opportunities.
Wendy Hickey: How do we create great workplace environments? Art can have the power to heal. More people are aware of this. Expanding beyond murals, corporations are looking to integrate support of local artists in a unique way to represent their organization. Whether an event or gift.

Closing remarks were given by Board Liaison Molly Carroll: “Developers and owners need to think about art as part of the tenant experience, just like when they chose finishes and building features in order to attract tenants. Having gorgeous buzz worthy art, especially local, gives the impression to prospective tenants, that the Ownership thinks differently, appreciates and supports what art brings to the table. The impression that the prospective tenant sees is that the building has a cool, hip, creative vibe that they will be part of if they lease that building. It sets buildings and owners apart.”

Jenny Vallimont added: “How do we show Corporate values even in environments that haven’t spent money in public art? Tenants coming from other cities, and bigger markets, expect different things. We need to think about comparisons of what they are seeing.”

Contact Information:

ASC – https://www.artsandscience.org @asccharlotte

Jenny/Gokotta –  https://www.wearegokotta.com @wearegokotta

Wendy/ArtPop – https://www.artpopstreetgallery.com  @artpopstreetgallery

Gensler – Kathleen_Jordan@gensler.com

CREW February 2021 Luncheon: The Color of Change

Submitted by Amy Massey, PE, Kimley-Horn

2020 may be remembered partly as a record year of civil unrest across the US, prompting a more deliberate focus on racial inequities. As a result, many industry sectors have increased efforts to advance diversity, equity, and inclusion (DEI) – including the CRE field.

CREW Charlotte was fortunate to have a ‘conversation amongst friends’ at our February 9^th virtual luncheon with our very own past president and current CREW Network Board member, Adrienne Bain, who serves as an executive at Citizens Bank. And it seems appropriate that this particular luncheon has taken place during National Black History month. Adrienne gave us some clues as to her upbringing and background, sharing some of the issues she has seen and changes that have taken place over time.

Adrienne also took polls and shared results of the participants’ demographics and current company activities in the DEI realm; and gave us a look into gender and racial disparities via CREW Network Benchmark studies, CREDiversity.com, Bisnow research, and Deloitte data. A couple of CRE-specific deductions, amongst other serious disparities:

• Women are losing ground in both total compensation and C-suite positions.
• Being both female and a person of color is a further disadvantage.

So what are the contributing factors and how can the situation really change? Some of the conversation focused on a lack of awareness and unconscious bias. Further discussion suggested that there is a lack of access to meaningful sponsorship and mentorship- which based on data comes ultimately from leaders who happen to be mostly white males. It seems then that progress moving forward will in large part be dependent on the willingness of those in power positions to help achieve more diversity and parity, which is surely supported by the business case. It is good to see that many companies are stepping up their efforts in DEI. But the conversation is just beginning; it will take much more attention and energy to really move the needle toward equality.

Soaring into 2021 with CLT

Submitted by Amy Massey, PE, Kimley-Horn

CREW Charlotte hosted Haley Gentry, Acting Aviation Director at CLT, for an informative discussion of CLT at our January 19^th virtual luncheon. Haley, a Charlotte native who has served in various roles at the airport upon graduation from ASU, provided an overview of CLT’s past successes, recovery activities, and continued advancement of infrastructure development projects.

Haley touched on CLT’s sustained growth and success over the last several years up until March of last year as the region’s #1 driver of economic development, with a record-breaking 50.2M passengers and $24.6M annual economic impact in 2019.

Key priorities in response to COVID-19 have included sustaining airport operations especially in support of mission-critical traveling, protecting its 750 aviation employees, and helping its 200 tenants be successful in part via CARES ACT funding. Recovery activities moving forward focus on building traveler confidence with enhanced cleaning efforts, an experienced recovery response team, and traveler communications. Ongoing air quality improvements, touchless technology, alternative mobility considerations, and online parking solutions are also underway with current passenger traffic and revenues projected at approximately 50% of what was expected prior to COVID-19.

Even with all the recent challenges, CLT continues ahead with its various development initiatives, including ongoing terminal expansion toward I-85 and the future Silver Line light rail connection to Uptown; as well as development of CLT-owned properties outside the Airport campus that are slated for distribution, office, retail, hospitality, and industrial use based on the Destination District plan.

As Haley put it, great people and partners are behind CLT’s successes. This is evident in the past, is being seen in the present, and will surely help to (re)shape the future of this important regional economic engine.