September 30, 2014

James Stuckey Answers Questions about Real Estate Development

 

James Stuckey

James Stuckey

James Stuckey, the former President of the New York City Public Design Commission, explains that a city’s economic infrastructure relies on numerous development types.

Q: What is Large Scale Development?

James Stuckey: Like the name suggests, it is any project that affects a great number of people over a large area.

Q: What large-scale development projects are notable in New York City?

James Stuckey: MetroTech, where the NYC Fire Dept. is headquartered, the South Street Seaport and its surrounding shops, and Times Square.

Q: How are Mixed-Use Developments helpful to a community?

James Stuckey: A Mixed Use Development is a benefit to residents, because they can have easy access to their homes, jobs, and shopping, since any or all of these can be zoned in the same building.

Q: Are there environmental benefits to a Mixed Use Development?

James Stuckey: By allowing a single building or a group of buildings to serve multiple purposes, it opens up the opportunity for less reliance on gas-powered vehicles, since living and working in the same area is a feasible option.  It promotes mass transportation.

Q: What is an example of this type of development?

James Stuckey: Battery Park City.

Q.: What is Inner City Development?

James Stuckey: This type of project is completed in a metropolitan area; most people think of “inner city” as low income areas but that is not always the case.

Q.: Are Inner City Development projects unique to the United States?

James Stuckey: They are not. A great example of an inner city development would be a the Staples Center arena in Los Angeles or the Guggenheim Museum in Bilbao, Spain.

Q: What is a Transit Oriented Development?

James Stuckey: Planned communities that are centered on or adjacent to public transport access are considered Transit Oriented.

Q: Why is it important to have areas with access to public transportation when most people drive?

James Stuckey: In large cities, it is not uncommon for most people to live close enough to work to walk. Also, in densely populated areas, public transit is a much more efficient way to travel and it offers many environmental benefits.

Q: Why is it important to have so many development types in a city?

James Stuckey: So that there is a range of accessible jobs and housing. Not everyone has the same financial means to live in a certain area. Also, not all people have the skills or desire to work in an office all day. Having a town with many different development types helps the economy by providing for its resident’s varied needs.  Also, cities often develop in myriad ways over their histories.

Q: Are developers only interested in urban development?

James Stuckey: No, absolutely not. Suburban areas impact the economy just as much as downtown developments.

Q: What kinds of projects have you seen built in suburban areas?

James Stuckey: Suburban office parks, residential areas and commercial property, like retail space. Also, areas outside of the metropolitan region are more open, which can allow for more land devoted to industrial developments or shopping space.

Q: Define Infrastructure development…

James Stuckey: Roads, bridges, tunnels; even energy technology.

Q: What kind of development are courts, hospitals, schools and libraries considered?

James Stuckey: These are government and non-profit projects.

Q: Do most developers focus on one type of project?

James Stuckey: Some can, but many chose to offer both public and private sector services.

 

James Stuckey is the CEO of Verdant Properties, LLC®. During his 30 year long career, James Stuckey has served both the public and private sectors and helped develop some of the most recognizable structures in the city. James Stuckey is a New York City native with personal interests ranging from green and sustainable development to photography and golf.

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About

James Stuckey is a real estate developer whose primary focus has been his hometown, New York City. He has played a chief role in many of the city’s most notable projects, including creating the first ever Russian Trade and Cultural Center, which was named the Most Ingenious Deal of the Year in 1991. James Stuckey also headed the development of the Astoria Motion Picture Studio, the Citibank Center, and the Staten Island Corporate Parks.
With a resume boasting some of the most notable names in the industry, James Stuckey is no stranger to high profile projects, big budgets and impossible deadlines. Stuckey is currently the CEO and President of Verdant Properties, LLC®.

Comments

  1. Brad Lorens says:

    It seems that you know a lot about different types of development, James Stuckey. Would love to know what kind of developments you are involved in and how you got into the business. My cousin is involved in real estate and has been working on a project for Inner City development. I had no idea there were so many other ones, James Stuckey!

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    • @Brad Lorens – If you would take some time to read my other articles, I expand on the projects that I am involved in. Would love to know your thoughts about them. And congrats to your cousin, that is a great development type to get involved in. – James Stuckey

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  2. Tammy Norris says:

    It is good to know what mixed development is. Always thought that buildings for multiple uses were just industrial buildings/developments. James Stuckey – thank you for sharing on the subject. I love learning about real estate and hope to one day have some influence in such projects like you.

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    • @Tammy Norris – Yes, mixed development is the name for that. I’m sure other people might call it something else, but for development, that’s what it is known as. Definitely take some time to find out what your interests are and go for it! – James Stuckey

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  3. Michelle Mind says:

    I would love to know how you got into real estate and development james stuckey. What an interesting field to be in. It seems very complex. Look forward to more posts from you james stuckey.

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    • @Michelle Mind – I’ve always been interested in real estate since I was younger and just felt the career move a natural one. It is very complex – but if you love something, you find a way to do it. Thank you for stopping by and commenting. – James Stuckey

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  4. Pamela Garrett says:

    I had no idea that there were so many types of developments, James Stuckey. You certain helped to clarify on the subject – thanks for the article.

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    • @Pamela Garrett – I am glad that you are more clear about real estate and development. It was my pleasure to share. Thanks for taking the time to read it. – James Stuckey

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