South Street Seaport: Popular New York City Destination Gets a Facelift

SPRING, TX - October 18, 2013 – Almost one year after Hurricane Sandy walloped the northeast seaboard, one destination in New York City is finally ready to celebrate. Thanks to the concerted efforts of The Howard Hughes Corporation and a resourceful design and construction team, the historic South Street Seaport is not only open for business, but showcasing a vibrant facelift called See/Change. Spray polyurethane foam (SPF) insulation from Bayer MaterialScience LLC played an important role in the quick project delivery.

The South Street Seaport is a designated historic riverfront district in Lower Manhattan. The area is a popular tourist destination and home to many shops, restaurants and bars. Redevelopment following Hurricane Sandy sought to reinvigorate the Seaport with more open public and rooftop areas, dynamic retail spaces, and a more contemporary overall feel – all in time for the busy summer season. To expedite the construction, developers opted to use retrofitted shipping containers for temporary pop-up areas.

SG Blocks supplied 11 containers with door and window openings cut and electrical outlets installed and wired; the containers total roughly 3,500 square feet. SG Blocks chose Bayseal® Closed-Cell (CC) SPF insulation from Bayer due to its relatively quick installation and the mobility of the application system. Bayer and their certified applicator Remtek Services worked with carpenters and welders on site to complete the insulation in two days over the Memorial Day weekend. Construction of the full See/Change installation totaled five weeks.

"This project called for a rapid retail response initiative, and Bayer jumped right in," commented David Cross, Vice President of Business Development for SG Blocks. "After my initial contact, it took Bayer less than 24 hours to commit to the project, provide an installation schedule, and coordinate application with Remtek. On site, Remtek was very responsive and always flexible with changes. A project like this, with an incredibly short schedule, in the center of a busy urban area, over a holiday weekend, definitely presents more challenges, but it was never an issue working with this team."

Cross pointed out other attributes Bayer's Bayseal CC SPF insulation provided:

•Air leakage control – because SPF insulation expands upon application, it fills most voids and holes in the container, an important consideration due to any previous wear on the container.
•Site mobility – Remtek Services was able to easily access all containers from a central location using a 315 linear-foot hose. Containers were then transported across the one acre site to their respective locations. Cross referred to it as "an SPF factory without walls."

The South Street Seaport project is the first time for Bayer to work with SG Blocks. Bob Burwasser, northeast regional business development manager for Bayer MaterialScience, oversaw the SPF application.

"This is definitely one of the most interesting and fastest projects I've done with spray foam," Burwasser said. "I'm thrilled SG Blocks asked us to be part of this. Of course it is a big part of New York history, but I think it's also an important morale boost for the retailers hit hard by Sandy, to see the rebuilding and get more people coming back. We coordinated closely with Remtek so SG Blocks could get their containers completed and placed quickly. I think Bayseal CC was a great solution for this project, and I see plenty of opportunity to work with them again."

The South Street Seaport See/Change venue opened Memorial weekend. A full calendar of summer activities is planned including free movies and concerts, art exhibits, yoga instruction, and themed happy hours.

About SG Blocks: Since its inception in 2007, SG Blocks has been a leader in advancing and promoting the use of code-engineered cargo shipping containers for safe and "green" construction with innovative solutions. SG Blocks develops and implements technology that stands above other standardized container-construction while also being highly cost effective. Offering an exceptional product that exceeds many standard building code requirements, SG Blocks supports developers, architects, builders and owners in achieving greener construction, faster execution and stronger buildings of higher value. SG Blocks, Inc. is a publicly traded company listed on the OTC Bulletin Board under the symbol "SGBX".

About Bayer MaterialScience LLC: Bayer MaterialScience LLC is one of the leading producers of high-performance plastics in North America and is part of the global Bayer MaterialScience business with approximately 14,500 employees at 30 production sites around the world and 2012 sales of 11.5 billion euros. The company manufactures high-tech polymer materials and develops innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction, medical, and sports and leisure industries. Sustainability is central to Bayer MaterialScience LLC's business and is based around the key areas of innovation, product stewardship, social responsibility and respect for the environment. For more information on Bayer MaterialScience and the spray polyurethane foam products they offer, please use the contact information and links provided below.

Forward-Looking Statement: This news release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.