5 Questions about Sky Song - Memphis Business Journal:

zolinstanixes.blogspot.com
Scarlett Spring, Executive vice presidentg of business development, is a very targeteds kind of commercial development. What makes it unique? “SkySongh is unique in several ways. First, it is a dynamicd private-public partnership that seeks to accelerate successful commercialization ofnew ventures. Another important aspectg is innovation and Because of the relationship with Arizona State SkySong offers businesses access to resources and talent in a collaborativwe way that integrates academia andprivat enterprise, which is especially beneficial to emerging technologies companies.
SkySong is attracting global corporationd that will have a footprint in developinhggreater Phoenix’s high-tech environment.” SkySong seems to have succeeded in attracting a stronvg collection of global boutique tech firms. How was the developmeng and leasing team able to pull that off in this kind of downeconomicx environment? “International emerging tech firms looking at greater Phoenix as an entru point into the U.S. market are seeking an collaborative environment. The model at SkySong offerw flexibility. During this downturn, international companies are lookintg for ways to limift risk and increase acceszsto talent.
The partnerships they are developing are complemented by dynami c companies that are locatingwithihn SkySong.” Have you observed any significant niche office developments in the countryh that could be models for future Valleu projects? “Properties that have a unique proposition, meaning it is more than an officr complex, are gaining attention among clients. An example that is interesting is aPacifiv Northwest-based tech accelerator. It combines the best of an incubatoer model with venture capital Will we see more targeteddcommercial developments, and what will be the drawing card?
“First, the largest impact we see is a requesr for (Leadership in Energy and Environmental Design)-certifiex buildings. Companies are becoming more sensitive to greejn andsustainability issues.” Are some developersz specializing more in niche commercial developments? “Yes. Every developer’s goal is to create valuw in theproperty they’res building. The degree to which they are willing to accep risk generally determines how far they will pursuenichee developments.
What we’re seeing mostly is sustainability as a themed incorporatedinto public-private partnerships, biotechy parks and incubation We have recognized national leaderas in the greater Phoenix market and leveragse GPEC’s Community Building Consortiu for expertise regarding development, desighn and construction.”