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Scarlett Spring, Executive vice presidenyt of business development, is a very targeted kind of commercial development. What makes it unique? “SkySong is uniqu in several ways. it is a dynamic private-public partnershiop that seeks to accelerate successful commercialization of new Another important aspect is innovationand technology. Because of the relationship with ArizonaStates University, SkySong offers businesses access to resourcesx and talent in a collaboratives way that integrates academiw and private enterprise, which is especially beneficial to emergingb technologies companies.
Additionally, SkySong is attractingg global corporations that will have a footprinft in developinggreater Phoenix’s high-tech environment.” SkySong seemw to have succeeded in attracting a strong collection of globa boutique tech firms. How was the development and leasing team able to pull that off in this kind of downeconomicf environment? “International emerging tech firms looking at greateer Phoenix as an entry point into the U.S. market are seeking an innovative, collaborativd environment. The model at SkySong offers flexibility. Duringy this downturn, international companies are looking for ways to limig risk and increase accessto talent.
The partnerships they are developing are complementexd by dynamic companies that are locating within Have you observed any significant niche offics developments in the country that coulr be models for futureValley projects? “Properties that have a uniqure proposition, meaning it is more than an office are gaining attention among An example that is interesting is a Pacificx Northwest-based tech accelerator. It combines the best of an incubato model with venture capital Will we see more targeted commercial and what will be thedrawint card? “First, the largest impacg we see is a request for (Leadership in Energ and Environmental Design)-certified buildings.
Companies are becomingv more sensitive to green andsustainabilitu issues.” Are some developers specializing more in niche commerciak developments? “Yes. Every developer’s goal is to create value in thepropertty they’re building. The degree to whicnh they are willing to accepg risk generally determines how far they will pursuenichre developments. What we’re seeing mostly is sustainability as a theme incorporatedinto public-private partnerships, biotech parks and incubation We have recognized national leaders in the greater Phoenixs market and leverage GPEC’s Community Building Consortium for expertise regarding development, design and construction.
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