To Renew or Not to Renew

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					IDC New Workplace

     May 2008

  Suzanne Woodruff
             Current Leases
• Framingham in 4 Buildings
• Shared Bldgs with IDC and IDG
  – leases expiring 12/31/2010 to 6/30/2011
  IDC - 140 sq ft
  IDG - 106 sq ft
  Combined for 4 buildings– 246 sq ft
   IDC Assumptions for Renewal

• Reduce to 2 buildings – 3 and 5 Speen
• IDC
  – 140 to 97 K sq ft
• IDG
  – 75 K sq ft
  – Same groups in 3 and 5
           What is our vision ?
•   We have a change coming, let’s manage it
•   Consolidate to 2 building campus
•   Pilot a new concept
•   Transform existing space
•   Smaller footprint, less rent and expense
•   Environment adjusted to align with staff
    working style.
         Benefits of a change

• Better utilization of space
• Respond to changing employee needs
• Respond to changing employee work style
• Respond to how people using or not using
  space today
• Technology changes to facilitate change
         Age of Fit-out Suites
     Standard established in 1998
•   1998 – 3 Speen 1- GRO
•   1998 – 3 Speen 4
•   1999 – 5 Speen 1- multi phases
•   2000 – 500 OCP 2
•   2000 - 5 Speen 2
•   2001 – 5 Speen 4
•   2001 – 5 Speen Cafe
•   2003 – 1 Speen 2
•   2004 – 3 Speen 1 – Ideas- partial refit
Suites used without Build-out

2004 - 1 Speen 1st, left side
2004 - 1 Speen 1st right side
2004 - 3 Speen 2nd
 Preliminary Idea – for nearer term
• Pilot new concept New build-out
  – 3 Speen 2nd
• Major Rework
  – 3 Speen 4th
  – 5 Speen 1st
• Modify to new concept
  – 5 Speen 4th
  – 3 Speen 3rd
  – 3 Speen 1st
          Base Building Concerns
•   Café
     – Storage with kitchen, kitchen facility upgrade, seating, outside
       seating patio

•   Bathrooms
     – Doors not meet, tiles broken, sinks cracked, smelly, high water
       volume flush
     – Showers, update, design so more than 1 person can use at a time

•   Elevators
     – Updated mechanicals

•   Windows
     – Leaks
     – Film to reduce solar load, especially 3 Speen WEST
    Base Building Concerns, cont.
•   Lobby, 5 Speen
    –   Solar glare, layout more visitor friendly, do this with less sq ft
    –   Quarry Tile
    –   Push out access to portico?
    –   Create Client Meeting/Conference area
    –   General Update
•   Lobby, 3 Speen, 1ST AND 4TH
    – Capture any space
•   Oak doors
    – beat up, through out suite access and bathrooms
•   Dock Access
    – Door not secure, difficult access
•   Grounds
    –   Trash compactor by walkway, sidewalks crumbling, poison ivy
    –   Remove old exercise equipment or update
    –   Lighting on walkways and parking lot
    –   Covered walkway between building
 Base Building Concerns, cont.
• Code Issues – Do we have any?
  – Fire panel
  – Wiring
  – Handicap access
  – Storage - bldg supplies
  – Electric rooms
  – Utility closets
  – Other
Carruth Building Concerns ?
Costs of change/New Concept

				
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posted:7/15/2011
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