PRINCETON MAGAZINE
MARCH/APRIL 2016
BRETT BONFIELD WRITING THE NEXT CHAPTER FOR PRINCETON PUBLIC LIBRARY
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PRINCETON BAUHAUS MODERN GALBRAITH & PAUL STUDIO EYE-CATCHING CUSTOM HOUSE CLIMATE CHANGE INSIGHTS ON RISING INTEREST RATES PRINCETON—A DINING MECCA
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CONTENTS
34 MARCH/APRIL 2016
14
74
22
86
46
62
..... FEATURES .....
..... HERE & THERE .....
BRETT BONFIELD
HOME & DESIGN
BY ANNE LEVIN
20
Introducing Princeton Public Library’s new Director 14
FASHION & DESIGN
PRINCETON BAUHAUS MODERN
38
A well-designed life
BY MICHELE KOLB
Princeton became a beacon for Bauhaus architects 22
GALBRAITH & PAUL STUDIO
CLIMATE CHANGE BY DONALD GILPIN
Climate scientists and other experts share their knowledge 74
BY ELLEN GILBERT
Magical fabrics 34
AN EYE-CATCHER MEANT TO LAST BY ELLEN GILBERT
The creation of a remarkable home 46
INSIGHTS ON RISING INTEREST RATES
PRINCETON—A DINING MECCA BY ILENE DUBE
Going for the gusto in local eateries 86
MEET OUR DIGITAL MEDIA TEAM
Witherspoon Media Group has become even more dynamic and interactive 12
INTERVIEWS BY LYNN ADAMS SMITH
Words of wisdom from those in the know 62
MARK YOUR CALENDAR 82
ON THE COVER: Brett Bonfield, new director of the Princeton Public Library. Photography by Andrew Wilkinson.
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| MEET OUR DIGITAL MEDIA TEAM
We are excited to report that Princeton Magazine, Town Topics Newspaper, and Urban Agenda Magazine have become even more dynamic and interactive thanks to a daily stream of original online content. Simply visit any of our websites to receive breaking news, exclusive photos, videos, digital issues, event listings, and shopping opportunities! Specifically, A Store by Princeton Magazine represents approximately 50 unique artisans and beloved local retailers. Visit www. princetonmagazinestore.com to purchase everything from a Princeton Record Exchange t-shirt to Hoagie Haven’s famous Sanchez Sauce. Other prominent local businesses include Hamilton Jewelers, Princeton University Art Museum, The Farmhouse Store of Princeton, Morven Museum & Garden, Princeton University Store, and The Historical Society of Princeton. In the market for fine art? We carry framed, original artworks by local painter James McPhillips, who perfectly captures the magic of Nassau Street at night and springtime in Palmer Square. Other talented artists include illustrator Dar James and Marina Ahun, whose watercolors appear in the permanent collections of Princeton University. Find Princeton Magazine on instagram @princeton_magazine. Here, Sarah posts
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Witherspoon Media Group’s digital media team: Erica Cardenas, Sarah Emily Gilbert, and Taylor Smith.
daily shots of everything Princeton including local scenes, events, landmarks, and links to new articles. We are thrilled to report that Witherspoon Media Group’s publications receive a growing number of followers almost everyday on Twitter, Facebook, eNewsletters, and LinkedIn. Most of all, we appreciate that our articles are shared with readers across the country. Missed an issue? At any given time you can access the digital version of Princeton Magazine, Town Topics Newspaper, and Urban Agenda Magazine online. The digital versions are
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BRETT
BONFIELD Writing the Next Chapter for Princeton Public Library BY ANNE
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ANDREW WILKINSON
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early a decade ago, Brett Bonfield was at a career crossroads. He had written two novels, worked as a technology specialist, been a real estate analyst and a professional fundraiser. But he wasn’t feeling fulfilled. So Bonfield decided to interview his closest friends and ask them two questions: “Do you like what you’re doing? And would I like what you’re doing?” The only one who answered “yes” to question number two was a librarian. “He said, ‘What took you so long?,’ ” the 46-year-old Bonfield recalled during a January interview just days before he started work as new director of the
Princeton Public Library. He was sitting at a table in Small World Coffee, observing the morning rush as he spoke. He had walked over from the apartment on Humbert Street, just a few blocks from the library, where he and his wife, Beth Filla, were settling in. “This person, the librarian, is a good friend,” Bonfield continued. “He knew me well. So what he said really made an impression. I had spoken with lawyers, doctors, chefs. I talked to people who knew me and loved me. Also at that time, my mother was doing public relations for a library consortium. So the idea began to make sense.” Energized by this new career path, Bonfield enrolled at Drexel University. Thanks to credits for past experience, he
was able to earn a master’s degree in library science in just a year. He thought he would probably do business reference in a public library. An internship at the Wharton School of the University of Pennsylvania gave him valuable experience in that direction. What Bonfield certainly wasn’t thinking about, at the time, was becoming the director of a public library. But when he heard that the library in Collingswood, the South Jersey town where he and his wife lived, had fired their director, he decided to apply for the job. “Beth grew up in Collingswood, and we loved the community. We knew the library well,” he said. “I had never worked in a public library before. But I had my MLS and I was committed to libraries.” MARCH/APRIL 2016 PRINCETON MAGAZINE
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That was in 2008. Bonfield landed the job. “They needed somebody to fundraise, engage with the library community, and take care of the technology because it was a mess,” he said. “They had five public computers, and they all had viruses when I started. It turned out that I had what they needed, and it was just a really wonderful fit.” Over the seven years he served as director, Bonfield led initiatives resulting in more community engagement, more library visits, increased circulation, digital collections, and access to technology. He became co-chair of Library Pipeline, a nonprofit dedicated to providing opportunities, funding, and services for libraries and librarians. Bonfield and his wife were happy in Collingswood. She had become a successful yoga instructor, and the couple bought the building that housed her studio and spent all of their money converting the second floor to a residence. The building was just half a block from the library.
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When he heard that Leslie Burger, the much-lauded director of the Princeton Public Library, was retiring, Bonfield thought about some of his library friends who might be interested in the job. But his wife urged him to try for himself. “She told me Princeton wasn’t really that far; that she could commute,” he said. “So even though I didn’t want to move, I started to think seriously about it. I was familiar with
is a good mentor and “ Hemanager. He invites participation and involvement and is a thoughtful listener and effective communicator. He loves libraries...
”
Princeton, because my Dad had taught at Rider. And I remembered seeing a production of Coriolanus at McCarter. I knew the town and the community and had always admired it.” Bonfield won out over 24 other candidates for the Princeton job after a national search led by the company Library Strategies International LLC. The library’s board president Dr. Robert Ginsburg said Bonfield inspired enthusiasm among those who had worked with him. “When we sought references about Brett, people told us that he has a very clear vision of the future of libraries,” he said in a press release announcing Bonfield’s hiring just before Thanksgiving last year. “He is a good mentor and manager. He invites participation and involvement and is a thoughtful listener and effective communicator. He loves libraries—public libraries in particular—and has a track record in Collingswood of making the library a central and valued hub of the community.” Bonfield was born in Urbana, Illinois. His early
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childhood was spent in Tuscaloosa, Alabama, where his father was a professor at the University of Alabama. The family later moved to the Philadelphia suburbs. After earning a bachelor’s degree in English from Rutgers University, Bonfield got a job as a fundraiser with the New Jersey Environmental Federation. “I loved it,” he recalled. “We shared office space with New Jersey Citizen Action. I became the co-manager of the phone canvassing.” But writing a novel was on his mind. Bonfield decided to move to Albuquerque, New Mexico, to focus on doing just that. He got a job in a bookstore. “After a year, I got a call that my parents were getting divorced,” he recalled. “I have a younger brother and sister, so I thought I needed to be home.” He moved to Philadelphia and landed a job in development and alumni relations at the University of Pennsylvania. He met and married Beth; then helped put her through graduate school at the University of Pennsylvania, where she earned a master’s in social work. “But then, it was my turn to figure out what I wanted to do,” he said. “Beth read the novel I had written and said ‘Yes, you should do this.’ I spent three years writing and working part time at Temple and Jefferson universities, doing tech. I was also a
real estate analyst. So I learned about finance accounting.” As for the novels, “They didn’t work out,” Bonfield said. “They’re not terrible, but not something I wanted to have my name attached to.” Fundraising for a company that specializes in technology for nonprofits was the next stop on Bonfield’s career path. “I was director of communications and fundraising,” he said. “It was a great job and we were successful. But I didn’t love it. I’m not a fundraiser.” What he does love, he has been happy to discover, is public libraries. He started officially at Princeton Public Library on January 19. He is aware that following in the footsteps of Leslie Burger —credited by many with transforming the library into “the community’s living room,” as she often said—is a hard act to follow. He waited until she had departed before beginning the job. “Leslie has been there a long time and done amazing work,” he said. “Coming in before she’s gone would have been disrespectful to her and confusing to everybody else. She’s been great, though. Everybody has been wonderful. It’s so obvious how much they care about serving the community.” Bonfield has his style; Burger had hers. “Leslie and I have very different personalities,” he said. “And
that’s good. If you try to imitate, you fail.” He is starting by getting to know as many people, from library patrons to leaders in the community, as he can. “We’ve seen the Princeton University president and the school board president change in the last few years, and they both set a precedent of listening,” he said. “It’s really important to me to do just that. I want to meet with everyone I can to get to know—the library’s board, the volunteer leadership, the donors, Mayor Lempert, and so many others. I need to hear from them. There are so many stakeholders.” It’s all about being open to change. “Libraries, where they are positioned in the world, have to be ready for change. We’ve got to be ahead of that. I’ve been hired to make sure we’re always a step or two ahead of those changes,” he said. “Another focus will be privacy and intellectual freedom. I want to help the community become educated about this, and safe. Somebody’s got to do this, and it should be us.”
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PRINCETO N BAUHAUS MODERN by Miche le Kolb photogra phy by Je ffrey
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Solotrovsky House, Otto Kolb
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bauhaus dessau courtesy of shutterstock.com; additional images courtesy of wikipedia.com (top-left) The Bauhaus Building in Dessau, Germany. (top-right) Wassily Kandinsky, Circles in a Circle, 1923. (lower-left) Laszlo Moholy-Nagy, Pneumatik, 1924. (middle) Type designed by Herbert Bayer for the Bauhaus in Dessau, above the entrance to the workshop block. Photograph by Jim Hood, 2005. (lower-right) Marcel Breuer seated in his Wassily chair, first all-tubular steel chair, 1925. Photograph license from Alamay.com.
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ome of the most significant architects of the Bauhaus school designed homes in the Princeton area. Why and how did Princeton become a Mecca for Bauhaus architects? The Bauhaus was an art institute in Germany founded in 1919 by Walter Gropius, with the aim of unifying art and technology in the machine age. According to the Gropius Manifesto of 1919, “The ultimate goal of all art is the building.” The school believed in teaching a new way of seeing in which the character of a building was perceived as the totality of its parts. The key principle of the new architecture—“form follows function”— combined architecture and engineering, its principal mission a radical simplification that would provide an architecture for the masses. The core principles are that construction should be rational, functional, honest and simple in form and should embrace emerging technology. In 1933, while Ludwig Mies van der Rohe
headed the school, political pressure had caused the closing of the Bauhaus. After World War II many founding members emigrated to the Unites States, where faculty and architects joined prominent U.S. architecture schools. Their goal was to reinvent America’s postwar identity. Among the noted architects and designers who found teaching opportunities and opened practices were Walter Gropius and Marcel Breuer who taught at Harvard and the Institute of Design, which was founded in Chicago by Laszlo Maholy-Nagy and became known as The New Bauhaus. Princeton became a hub for academics and intellectuals who also emigrated to the United States after the war. Their taste in design and desire to embrace new technology were their links to émigré Bauhaus architects. Marcel Breuer completed two homes and member housing at the Institute for Advanced Study (IAS) in Princeton. The Breuer homes included the Lauck and Levy houses. The Lauck house was commissioned in
1948. The intent was that this design could be built by any builder and would serve as an archetype of living for the twentieth century. Its key attributes were a single story, a low rise with a flat roof, a lack of ornamentation, a sustainable design, and large windows allowing for natural light and integration with nature. The design was intended to be “binuclear” (i.e., designed to flexibly change as the life stages of the resident family changed). Modular additions and subtractions would be based on need. Breuer’s Levy house was commissioned by Marion Levy, a professor of Sociology and International Affairs at Princeton and his wife, Joy. A Breuer classic, this home remains intact today, and is still held by the original family. The home is the essence of International Style. The front appearance is discreet and well-integrated into the sloping landscape. The main rectangular living area integrates symmetrical side additions, and cantilevers the rear slope. The overall rear elevation appears march/APRIL 2016 PRINCETON MAGAZINE
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Original Marcel Breuer elevation of the Levy house, courtesy of Special Collections Research Center at Syracuse University Libraries.
to float. In classic Bauhaus style, the large windows dissolve the interior and exterior of the house into one. As in all these historic homes, the Levy house offers an opportunity for restoration. Breuer was also commissioned by the Institute of Advanced Study to design their member housing. Breuer’s approach— utilizing the Bauhaus architectural principle of adaptability to different lifestyles and circumstances—was well-suited to accommodate the multi-cultural presence and various family sizes at IAS, and his design reflects this compatibility. It was also a great opportunity to design for a nature-centric location adjacent to the Institute woods. The complex was intended as a semi-retreat from the busier environment to foster theoretical research and intellectual rigor and create a communal space for academics. The original design of Institute housing has transcended
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time and with very little renovation continues to function as intended to this day. Another surviving example of International Style mid-century residential design in Princeton is the Solotrovsky house, designed by architect Otto Kolb, a young Swiss architectural apprentice who was drawn to the Bauhaus and its ideology. Post-war, he was invited to Chicago by Serge Chermayeff to teach at the Institute of Design which later became the Illinois Institute of Technology, headed by Mies van der Rohe after the war. At this New Bauhaus, International Style architecture was Kolb’s passion. The ideology of Gesamtkunstwerk (total environments) encompassed architecture integrated with lighting, furniture, and accessories. Commissioned in 1948 and completed in 1952 for Morris Solotrovsky, a European pharmaceutical research doctor and professor at Rutgers who was introduced to Otto Kolb
through his circle of European colleagues, the Solotrovsky House demonstrates early principles of sustainability with integration of radiant heat and large overhangs for solar control, simplified constructions, planar and simple materials such as brick, wood and plaster. Innovative technologies included a dual living room-kitchen fireplace, recycled brick and expressed exterior columns. The 1949 design pushed technology and included floor-to-ceiling-height glass windows, eliminating the perception of a barrier from interior to exterior. Additional innovative technologies included complementing the design of the large glass windows by creating continuous walls of cabinetry with operable venting to allow for exterior air flow. Among the most notable examples of Bauhaus International Style architecture in mid-century homes located in and around the Princeton area, these monuments of
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Levy House, Marcel Breuer
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Member Housing at the Institute for Advanced Study, Marcel Breuer
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Lauck House, Marcel Breuer
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design, technology and innovation remain as aesthetically current and completely functional for resident family needs today as when they were first conceived. Princeton’s European academics and intellectuals demonstrated their deep-seated commitment to the Bauhaus architectural movement and to a new architectural idealism in America with these homes, which represent unique tributes to the International Style, and as with all architecture at the turning point of an era, deserve preservation. Michele Kolb is an architect, licensed in both New Jersey and New York, a member of the American Institute of Architects (AIA) and the National Council of Architectural Registration Boards (NCARB), and a Leadership in Energy and Environmental Design Accredited Professional (LEED AP). She has 30 years of professional experience working with some of the most prestigious designers and architects in the country. Her experience includes historic restoration and LEED-certified projects. She lives and practices in Princeton and New York City. Her father was the Swiss Bauhaus architect, Otto Kolb. Additional article research by Brian Poirier.
Otto Kolb, courtesy of the Kolb family archives.
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Solotrovsky House, Otto Kolb
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Galbraith & Paul: High End and Helpful by Ellen Gilbert
“T
he studio is the soul of our business,” say Liz Galbraith and Ephraim Paul about their eponymous company, Galbraith & Paul, a studio workshop specializing in hand block printed textiles, handmade rugs, and studio printed wallpaper available to the trade. Everything about the enterprise – from Galbraith’s determination to “keep making it personal”; to the culture engendered by the all-female staff, to their idiosyncratic location (a high-ceilinged old stone building at 116 Shurs Lane in Philadelphia’s Manayunk neighborhood), the place breathes originality. Liz and “Ephi,” as he is called, are a long-married couple originally from Winnetka, Illinois. They came to Philadelphia after college, and seem to have neatly divvied things up: she’s an artist who designs new patterns and products, while he watches over the business end, minding on-site the office and taking their “show on the road” to places like California, Atlanta, and London several times a year. Of course it’s a lot more complicated than that, but they’ve been at it since 1986, and they are clearly a success. Their reported revenue in one recent year was $17.5 million, and the purchase and refurbishment of new upstairs space in the building testifies to the growth they are enjoying. Asked if they ever get feedback about designs or products, Liz matter-of-factly reports that dealers are invariably delighted with their products.
photographs courtesy of galbraith & paul
Magical Fabrics
“Galbraith’s magic is in making the fabric designs all her own,” observes reporter Mary Daniels, and writer Eils Loto concurs. “Galbraith’s aesthetic is tough to pigeonhole,” she says, pointing out that Galbraith’s work has been likened to “the punchy designs of the Finnish company Marimekko, with touches of Arts and Crafts Movement visionary William Morris, and a dash of Fortuny.” Galbraith herself says that she likes “things that kind of bridge the gap between different styles.” Fabrics may end up in upholstered furniture and drapery in luxury resorts or in Starbucks’ lighting fixtures. Other clients include Wolfgang Puck’s chain of California Pizza Kitchen restaurants and Equinox, a high-end health club chain. Jay Jeffers, a California-based interior designer reported that “pretty much every project” he does “features a little bit of Galbraith & Paul,” including an apartment makeover he did that appeared in an issue of House Beautiful. Galbraith & Paul’s appeal is widespread: one
year their fabrics were used to make Roman shades and pillows for the library of the highly regarded Kips Bay Boys and Girls Club Decorator Showhouse in New York. Designer Nina Campbell, who represents Galbraith & Paul in the United Kingdom, was happy to use Galbraith’s “Donuts” pattern to upholster the Hepplewhite chairs she inherited from her grandmother. “If Mr. Hepplewhite were still alive today, he would approve,” she reportedly said. Hand-Blocking
“Because we print everything to order in our studio, creating custom fabrics and wallpapers is an easy and creative process,” say Galbraith & Paul. “Simply put, we can print any of our patterns in any color on any ground with standard minimums and no up charge except the cost of a strike off.” Besides providing beautiful images of their products, their website, galbraithandpaul.com, is a model of its kind, replete with lucid explanations of different processes (“we provide a set of tools”); encouragement (a “lookbook” for ideas and inspiration), and down-to-earth instructions for maintenance (their wallpaper, they assure customers, is “easy to apply and lightly spongeable”). Working in collaboration with Savile Row clothier Holland & Sherry, Galbraith & Paul rugs now include 16 designs available in 5 constructions, and wallpaper is printed to order on Class A Fire-Rated paper. A line of block printed pillows and lighting is carried exclusively by Room & Board. Other details about sourcing, including interior design showrooms, abound. At the heart of it all, though, are the hands-on techniques they continue to champion. Galbraith is one of the few (some may claim the only) artisan in the United States still using hand-blocking, a method of producing patterns on cloth that goes back to biblical times (“like potato printing,” she suggests). Galbraith’s designs are realized in the 4,000 square foot studio as staff members work at eight-yard long printing tables, pressing woodblocks into fabric and hand printing to order. There’s wonderful symmetry in the repetitions as well as the totally unexpected, like the slight imperfections that occur when the human hand is at work. “Too-perfect” doesn’t cut it, says Paul. “We think one of the reasons people are drawn to our line is because of the ‘mistakes.’” “It really is like going back to another century in here,” says longtime employee Rachel Purcell.
(opposite) Erica, dressed in fabric “Stacked Pots,” 2016. march/april 2016 PRINCETON MAGAZINE
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(opposite) “Seville Medallion” in Clementine; Printers (Simona and Megan) hang “Persian Garden” fabric to dry; Megan with “Tea House” fabric; Fabric collection installation. Photoshoot in Galbraith & Paul’s studio in Philadelphia. photographs courtesy of galbraith & paul
Liz Galbraith in her studio.
Make no mistake, though: Galbraith and Paul is no mom-and-pop, “ye olde workshoppe” bastion of quaintness. State-of-the art, carefully calibrated paint mixing machines insure precision in filling color orders, and a digital printer in the studio is used for producing wallpaper. “Digital was a way we could expand but still keep control over our process,” Galbraith has said, and she and Paul are more than amenable to identifying ways in which new technology can support their mission of keeping things “as hand-printed as possible.”
other’s backs, pitch in where needed, and generally enjoy each other’s company. Galbraith points out that most of them tend to be “caretakers” in their respective families, and there’s no two ways about how to respond when a crisis occurs. One early winter day this year Galbraith was all smiles and encouragement as she took a call from an employee who was reporting to say that she had been chosen for what would probably be days-long jury duty. Rather than the usual expressions of dismay that often follow such announcements, Galbraith’s attitude was philosophical. “We’re just making wallpaper; who “In it Together” cares?” she mused. Her employee, she added, was really smart, and Galbraith had fully expected her to be chosen Asked about the fact that all of the current employees in the for a jury and given a chance to perform her civic duty. studio are women, Galbraith says, “it just worked out that Staff at Galbraith & Paul tend to stay for at least way,” and though that may sound kind of dispassionate, she awhile, and when the unusual opening comes up, the and Paul take their presence very seriously. inclination now is to hire another woman; one or two “It’s a very community-like atmosphere,” says 28men would just be disruptive at this point, she says. year old textile printer Ashley Limes, who has been Galbraith and Paul joke about their three sons, two with the company for five years. “Unlike most work young adults and one high-schooler still at home, as places, we prepare and eat our meals together.” By being the male component. Cordial relationships with “we” Limes means Ephi, Liz, the 17-member regular people outside the studio—from vendors to the UPS staff, and part-timers – often college students who man—are mindfully cultivated, particularly by Paul, routinely return when they are on a break. Birthdays are an affable personality who claims to be the only one celebrated with monthly parties and there’s a mandatory working a five-day week. four-day workweek, although Galbraith & Paul is open Items that have already found their way into five days a week. Schedules are staggered, and staffers, Galbraith’s brand new second-floor design room include who are mostly also artists with skills and interests that nods to older traditions (a striking photograph of her go beyond their workplace stations, are encouraged to mother in uniform as a young World War II “poster girl”) pursue their own projects at other venues. “Liz and as well as evidence of possible new ventures (a model’s Ephi are very supportive of us in general,” adds Limes. form draped in a tunic made, of course, from a Galbraith “They allow us to sell our own goods during the annual & Paul fabric). Although it is not yet clear if the clothing Sample Sale.” business is a “go,” Galbraith is eager to point out the “Everyone’s in it together,” says Galbraith. “The tunic’s practicality; its simple design, she notes, means it Installation of fabrics “Lattice” and “Persian Garden,” 2013. culture of the workplace environment is very important.” will transition easily from day to evening. Sensitivity to workers’ concerns extends to time off when unexpected challenges, “We hope that when you look at our products, the love for what we do like an illness in the family, arise. The all-women factor may have been originally shines through,” say Galbraith & Paul. It does. unintended, but it has nurtured a special kind of culture. The women watch each
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Princeton Rug Gallery
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PRINCETON MAGAZINE MARCH/APRIL 2016
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Annual Lecture on Global Concerns
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(609) 924-9529
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PRINCETON MAGAZINE MARCH/APRIL 2016
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AN EYE-CATCHER MEANT TO LAST: AT PROSPECT AVENUE & MURRAY PLACE BY ELLEN GILBERT PHOTOGRAPHY BY JEFFREY E. TRYON
“ It’s not the type of project you have the opportunity to work on every day,” agree Joseph Weiss of Joseph Hobart Weiss, Architecture Planning & Design, and Rob Faucett, of R. Faucett Construction as they show a visitor around the remarkable home they have created at 84 Murray Place, a corner lot located near Princeton University.
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he word “collaboration” often comes to mind in talking with Weiss and Faucett. “Every one of my projects is a collaboration between the owners and the people building it,” observes Weiss. “It’s a process.” The feeling seems to have been shared by everyone involved. Faucett reports, for example, that Mark Fisher, whom he describes as one of his “finest leaders and craftspeople,” immediately “took ownership” of the project and has been on the job “from the day we started.” SPACES AND FUNCTIONS
Built in 1960, the original house had a California-modern look. Proximity to town was a priority, but there were some “fatal flaws” with the existing house, including utilities that didn’t work and the fact that it was built on a slab. While some consideration was given to salvaging the garage, the ultimate consensus was that the original house simply wasn’t serviceable. An important key to the whole new enterprise, notes Weiss, was the owners’ desire “to build a sustainably-designed house that had minimal fossil fuel consumption.” The result, he reports, is a “well-sealed envelope” of approximately 3,500 square feet that relies on geothermal heating and cooling systems. Three exterior geothermal wells provide ground temperature water for the geothermal system. Insulated plywood sheathing and spray foam insulation compensate (“like a warm blanket”) for the substantial expanses of glass windows (which are, in any event, Duratherm imported from Maine). Thanks to a uniquely designed MARCH/APRIL 2016 PRINCETON MAGAZINE
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(above-left) Architect Joseph Weiss (left) and builder Rob Faucett discuss the house under construction with Ellen Gilbert. (top-right) Massing model. (below) Living room.
ventilated exterior wall and an energy recovered ventilation system, Weiss estimates that, on the whole, the structure is about 18 percent more efficient than the average house being built today, and Faucett uses words like “breathing” and “performing” to describe the house’s ability to dry out quickly. Over 90 percent of the fixtures use LED lighting. The Process
The “process” to which Weiss refers began when the couple gave him “a list of spaces and functions” they wanted to be sure to include in the house. Weiss’s challenge was to incorporate their wish list while creating an interesting design from what would otherwise have been a fairly boxy structure. Working with a corner site that had two distinctive streetscapes and the challenge of getting sunlight into the rear yard informed how he conceptualized the space. The desire for a strong connection between the inside and outside spaces resulted in the large number of windows that also give scale and proportion to the form. Weiss created a small model of his proposed design, and the owners were immediately sold. A spirit of adventure was there from the start, according to all reports, and the result is a far cry from the traditional center hall colonial the couple, who have three young adult children, occupied before. “It draws an amazing amount of attention,” Faucett reported as the new house neared the end of construction. “We get lots of inquiries.” Stoppers-by during
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construction included, not surprisingly, area residents and others associated with Princeton University. “Some people love it; others prefer a more traditional house,” Faucett observes. In addition to dazzling feats of custom millwork—the horizontal grain in the expansive front door is a “wow” in and of itself—the layout of the rooms, which includes five bedrooms, is fairly unique. A result of Weiss’s desire to allow as much sunlight into the backyard as possible and have an outdoor sun deck, is a suite of bedrooms on the second floor that is accessible only by climbing a spiral staircase or traversing an outdoor, second-floor deck connecting the two wings. The home’s new Murray Place address—the old house fronted on Prospect Avenue—is a reflection of Weiss’s re-orientation of the space. In designing the house, he notes, he was careful to “capture the scales and rhythm of the homes on Murray Place,” while acknowledging the more sizable structures on Prospect Avenue. The result is a house that acknowledges the eclectic but more traditional-looking homes on the surrounding streets, while occupying, as Faucett says, “a niche for itself.” The fact that several stately old trees were salvaged in the process hasn’t hurt. A one-car garage under the house reflects another interesting design decision. Its relative smallness leaves more room for the large, wraparound yard, and a sloped, heated concrete driveway ensures safe coming
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and going. Still, two cars can potentially park back-to-back, and the basement garage allowed the new house to have a smaller footprint on the site than the former house, says Weiss. Custom Built-Ins
The use of wood is particularly artistic. “Shou sugi ban,” an ancient Japanese technique for finishing wood, was used for the exterior siding, and the material, mostly Spanish cedar (“not your common species wood,” notes Faucett), was burned, brushed, and oiled prior to installation. Faucett reports that his Flemington-based workshop blow-torched some 12,000 linear feet of wood to get the right look for the house. Complementing the torched wood exterior is mahogany trim. Inside, a semi-transparent mahogany screen wall is a focal point rising to the second floor. All the doors—including, of course, that mighty front door—are custom made. Sliding interior doors are covered in neutraltoned organic banana leaf fabric. The kitchen is done in oiled rift-cut white veneered oak, and open cabinet doors slide backwards toward the walls and disappear like magic. “It’s been a great opportunity to showcase the shop’s cabinetry and millwork,” Faucett says with well-earned pride. The owners moved in mid-December and, from all accounts, are extremely happy with their beautifully appointed new home. While the many remarkable details that went into creating 84 Murray Place might suggest unlimited funds at work, Weiss and Faucett make a point of saying that the house was designed and built to a budget. To learn more about Joseph Weiss visit http://jhwarchitect.com. To learn more about Rob Faucett visit www.rfaucettconstruction.com.
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Classic or Contemporary- Two Great Princeton Properties!
Near downtown Princeton, a sprawling Craftsman contemporary with 8 bedrooms, 7 baths and 2 powder rooms offers a layout ideal for multi-generational living. Casual elegance abounds with soaring ceilings, gleaming wood floors, window walls, fireplace, balconies, inground pool, and gorgeous gated property. $2,675,000
Sited on 2 acres against a wooded backdrop in one of Princeton’s quietest upscale enclaves, this 6 bedroom and 6 bathroom stoneclad house, which was completely rebuilt in ‘06, masterfully blends traditional warmth with high-end style. Retaining only the best parts of the previous home and then doubling its overall size resulted in a floor plan refreshingly unlike any other. $2,250,000
Barbara Blackwell Broker Associate (609) 915-5000 bblackwell@callawayhenderson.com For more information about properties, the market in general, or your home in particular, please give me a call.
4 Nassau Street, Princeton, NJ 08542 • 609-921-1050 Each Office Is Independently Owned And Operated. Subject To Errors, Omissions, Prior Sale Or Withdrawal Without Notice.
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INSIGHTS ON RISING
RATES INTERVIEWS BY LYNN ADAMS SMITH
The Federal Reserve has raised interest rates for the first time in nearly a decade and has pledged to gradually increase rates in the future.
We invited a group of senior banking executives to answer the same six questions concerning how rate hikes will impact consumers, savers, corporations, and local economic growth.
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from Columbia University, an M.A in institutional counseling from William Paterson University, an M.B.A. with a concentration in finance from Fairleigh Dickinson University and a B.A in education from Rowan University. Additionally, Bowden completed the National Trust School at Northwestern University, earned her Certified Trust Financial Advisor designation and has completed numerous sales management and leadership programs.
Do you believe the U.S. economy is strong enough to handle interest rate hikes and will rates ever return to pre-crisis levels?
LINDA BOWDEN
NEW JERSEY REGIONAL PRESIDENT PNC BANK Linda Bowden is the New Jersey regional president of PNC Bank. Bowden is responsible for providing executive leadership and supporting client relationship and business development initiatives across the firm’s lines of business in the region, including corporate and institutional banking, commercial banking, and wealth management, as well as supporting the firm’s community-based activities. Bowden adds extensive industry experience to PNC that spans every aspect of wealth management, having served as portfolio manager, trust and investment officer and as a manager overseeing private banking officers. Bowden has been named among the “25 Women to Watch” by U.S. Banker magazine and was recognized as one of the “Best 50 Women in Business” and “Power 100” by New Jersey business news publication, NJBiz. Prior to joining PNC in 2009, she was the managing director of Wachovia Wealth Management. Bowden began her career as a teacher for seven years in Wyckoff, N.J. and authored two children's math books. She is active in a range of community programs, serving on the board of the Drumthwacket Foundation, as well as the executive committees of the Adler Aphasia Center in Maywood, N.J., the New Jersey State Chamber of Commerce, the New Jersey Symphony Orchestra and Choose New Jersey. In addition, Bowden is a member of the board of the board of trustees of the New Jersey Performing Arts Center, and the William Paterson University Foundation She is also a Fairleigh Dickinson University PINNACLE recipient, the highest honor awarded to alumni. Bowden earned an M.S.W.
Yes, we do believe that the U.S. economy is strong enough to weather interest rate hikes. PNC’s economists point to several positive factors, including an unemployment rate that is holding steady around five percent and the best two years for job growth since 1999. Global concerns are outweighing domestic developments and that trend will likely continue throughout the year. However, given the strong US economic fundamentals, right now PNC economists foresee another rate increase as a probability when the Fed meets again in March. Keeping this in mind, our economists continue to call for moderate growth this year and it could be some time before rates approach the levels of 2007-2008.
Explain how the ongoing rise in interest rates will affect the following: Your banking business The economy and low rate environment is challenging every industry to examine their business model to ensure long-term stability, including financial services companies. Now, more than ever, the key to success is ensuring you have a diversified business model with a balance of interest and fee-based revenue. That approach was a critical area of focus for PNC in New Jersey and across all of the markets we serve early on. Additionally, even before the effects of the economic downturn became apparent, PNC maintained a moderate risk profile and avoided the pitfalls that challenged others, like subprime lending. The result is that PNC is well positioned to continue to succeed and grow in New Jersey. We will remain focused on working with our customers to find new opportunities to work—and grow— together.
Consumers, wanting to spend
2015. It’s difficult to forecast sentiment and willingness to spend but right now we’re seeing signs that consumers are willing to spend. As difficult as the market volatility is, with the dramatic decline in gas prices consumers are spending more of their discretionary income. The fact remains, though, that we are in a period of moderate growth and this is simply the “new normal” environment where we find ourselves.
Savers, including those on fixed incomes Savers, and those on a fixed income, are struggling to find value in the current low rate environment. However, the approach they are taking is centered on preserving assets, particularly for retirees. This is the time, however, to meet with your financial services provider to review retirement and investment goals. It can be tempting in times of economic uncertainty to become distracted and stray from a well-defined financial plan. Working with a financial planner to design a plan that makes sense for an individual’s specific needs and objectives simply makes good sense for everyone. That’s particularly true for those who are retired or considering retirement.
Corporate borrowers, both big and small businesses In the current environment, businesses of all shapes and sizes, from corporate to commercial to small business owners, have a sense of cautious optimism. The rate environment still remains favorable for those who are looking for lending solutions and investing capital in their businesses. This is a terrific time to seek out lending solutions that support capital investments in equipment and technology to strengthen and improve the ability to service customers.
Economic growth locally, as related to unemployment, home sales, construction, car sales or any other aspect you would like to suggest Even with the increase in rates, consumers will find that the environment is relatively favorable both locally in Princeton and across the state. In addition, employment opportunities are also more available given the broad base of industries that call New Jersey home, as well as the proximity and ability to service two major markets, Philadelphia and New York. Signs of optimism for long-term growth continue to surface as New Jersey and the national economy remain on a steady, measured road to economic growth throughout the year.
While the interest rate environment is trending up slightly, it’s important to recognize that, overall, rates are at or near historically low levels. Coupled with this, commodity prices, and most notably the price of oil and gasoline, are hovering near 2003 prices. That is putting more money in the pockets of consumers. In fact, Fed reports indicate that consumer spending increased in most regions in late
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Princeton Regional Chamber of Commerce. He is past president of the Hunterdon Economic Partnership, past chairman of the Hunterdon County Chamber of Commerce, and is a past member of New Jersey Governor Christie’s Bankers’ Advisory Board. He was awarded the Distinguished Alumnus Award from Rutgers University College, Newark, in 2004, and the 2011 Forrey-Gallman Outstanding Service Award from New Jersey Bankers Association. Mr. Hyman received his B.A. from Rutgers University in Political Science.
Do you believe the U.S. economy is strong enough to handle interest rate hikes and will rates ever return to pre-crisis levels?
JAMES HYMAN
Regional President Hopewell Valley Community Bank James Hyman is the regional president of Hopewell Valley Community Bank, a division of Northfield Bank since the recent merger of the two banks. He was previously president and chief executive officer of Hopewell Valley Community Bank in Pennington since its inception in 1998. He is past chairman of the New Jersey Bankers Association, New Jersey Bankers Service Corporation, as well as Atlantic Community Bankers Bank and past president of the Community Bankers Association of New Jersey. Mr. Hyman’s community service includes serving as a trustee of the Hunterdon Healthcare System, former chairman of Hunterdon Regional Community Health and of Hunterdon Hospice. He is currently a trustee of The Pennington School and is a board member of the
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The recent reaction to the Fed’s continuing stance about increasing rates in 2016 was a real sell off in the market so it would seem the nervousness of the market predicts the economy might be weakened if the Fed does increase them. However, and I caution that mine is a Main Street view vs. a Wall Street one, I believe there should be some room for increases without a negative impact given how historically low rates are. Having said that, I think it will be some time before we see rates rise to levels that preceded pre-crisis levels unless the U.S. and global economies substantially improve.
Explain how the ongoing rise in interest rates will affect the following: Your banking business Generally speaking the industry does better during periods of rising interest rates if banks are able to increase loan rates more quickly than deposit rates. The reverse is true for those banks with long term fixed rate loans on their books. In these cases, rising rates on their deposits will shrink the profitability of the bank.
Consumers, wanting to spend While rising rates will increase the cost of credit to consumers, and businesses for that matter, a rising rate trend frequently prompts action to make larger dollar purchases where credit is required, e.g. home, car, home improvements, to lock in a loan rate before they rise further.
Savers, including those on fixed incomes Savers will finally see opportunities to obtain a better low risk return of their funds. Truth is, this group has been forgotten during this entire 0% rate period managed by the Federal Reserve. Fixed income households reliant on interest from their savings have suffered the most and while nothing indicates rates will rise quickly, any increase will be welcome.
Corporate borrowers, both big and small businesses No company, large or small, benefits from paying more to meet its borrowing needs. And, without an ability to pass such costs on when it sells its products or services, profits can shrink. When they can pass on those costs, buyers/consumers pay more.
Economic growth locally, as related to unemployment, home sales, construction, car sales or any other aspect you would like to suggest When interest rates rise they do so for all concerned whether nationally or locally. Residential construction has reemerged in areas of New Jersey during the past few years compared to its complete stall in the earlier years, i.e. 2007 to 2012, of the recession. The health of that industry is based on demands of the consumer. A slip up in rates can see consumers act more quickly, therefore, while the builder may pay higher interest for loans, today’s environment allows them to pass along the costs. At the same time, home buyers are quicker to move before house prices and mortgage rates go up further.
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MARTIN TUCHMAN Chairman of the Board First Choice Bank
Martin Tuchman is chairman and chief executive officer of The Tuchman Group, which oversees assets of $1.4 billion with investments in real estate, international shipping, domestic transportation and commercial banking. The Princeton International Property Real Estate arm manages the 100 units it currently owns, as well as providing management services to outside owners using its state of the art dashboard operating system. Additionally the full time staff oversee and perform the majority of repairs and refurbishing of the residential apartments, retail and commercial properties. The investing arm purchases, manages and retains $650 million of Municipal and Government Agency Bonds as well as originating and acquiring Whole Loans amounting to an additional $600mil. An amount in excess of $1bil in residential mortgages is originated and sold off to Fannie Mae annually. Tuchman is currently chairman of the board of First Choice Bank, one of the portfolio companies. The International Shipping business consists of $200 million of intermodal containers, chassis, and generator sets used in maintaining the charge in refrigerated containers. While the company is privately held, there exists a group of minority investors that participate in each of the above deals and transactions. The Group has over 500 people in its operating businesses and has generated over $80mil in taxes paid on its profits and incomes of its employees, over the past 5 years. Earlier, at the Railway Express Agency, together with a group of shipping engineers at the American National Standards Institute, Tuchman created the current standard for Intermodal containers and chassis, still in use
today. Subsequently, he co-founded Interpool, one of the nation’s leading container leasing companies and later formed Trac Lease, the largest chassis leasing company in the US. With his partner, he sold Interpool for $1 billion, in July of 2007. Active in Parkinson’s Disease philanthropy, Tuchman is on the board of the Parkinson’s Disease Foundation of Columbia Presbyterian Hospital and chairman of The Tuchman Foundation, working closely with Parkinson’s organizations to secure NIH research grant approval. The Tuchman Foundation and its affiliates have thus far funded $15mil of research into finding a cure for Parkinson's disease. He is also on the boards of the American Cancer Society of Mercer County and the Trenton Area Soup Kitchen. In banking, he served on the board Yardville National Bank’s board of directors and is presently chairman of First Choice Bank in Lawrenceville, New Jersey. Among his numerous honors, Tuchman was named Entrepreneur of the Year by Ernst & Young and he and Interpool earned Grand Prize in Cisco’s Growing with Technology Award. Tuchman received the Hero medal at The Smithsonian Institute and Interpool’s material is now part of the Smithsonian’s National Museum of American History. In June 2011, Beta Gamma Sigma, the International Honor Society, serving business programs accredited by the Association to Advance Collegiate Schools of Business, awarded Martin Tuchman its coveted 2011 Business Achievement Award. According to the honor society, the award is given annually to recognize "significant achievements over a career or by a singular achievement that has advanced the field of
business and contributed to community and to humankind." He was nominated for the award by Seton Hall University's Stillman School of Business. NJIT's School of Management (SOM), which shapes students to become technology leaders, managers and powerbrokers, will be named March 3, 2016 in honor of distinguished alumnus Martin Tuchman. This is the first time in the school's 27-year history that it will carry a formal name: The Martin Tuchman School of Management. Tuchman earned his B.S. in Mechanical Engineering from New Jersey Institute of Technology and his M.B.A. from Seton Hall University. Recipient of NJIT’s Alumni of the Year Award, he has been a member of the school’s board of trustees and is currently on its board of overseers.
Do you believe the U.S. economy is strong enough to handle interest rate hikes and will rates ever return to pre-crisis levels? The Fed is charged with keeping inflation in check as well as anticipating financial bubbles. During the early part of the financial restructuring, our investment group felt that there were insufficient employment numbers to create an inflationary environment, and we organized ourselves accordingly, having over $500 million in agency and municipal securities. As we move forward, we recognize the psychological pressure to raise rates, however, we also view the price of oil as a brake on inflation. At its current price range, we do not see any alarming rise in inflation, and therefore a slow increase in interest rates should follow. We do not see a rise in rates to the pre-crisis level. (CONTINUED)
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Explain how the ongoing rise in interest rates will affect the following: Your banking business Our bank is charged with serving the community, and we have to do so in a safe and sound manner. With over $1 billion in assets we have over $500 million in mostly investment grade securities and $500 million in commercial and residential loans. The investment securities produce sufficient cash flow, so combined with the loans being paid down; we can sustain our loan origination without raising additional capital. Our objective is to make safe and sound loans to the local community, pay a fair price for our deposits and return to shareholders a fair dividend from the earnings we produce. Being a good corporate citizen, we have paid over $25 million in taxes. Additionally, we have originated over $1 billion in residential mortgages in our local tri-state footprint. These are not necessarily a measurement used by the financial sector, but it gives us a sense of satisfaction knowing what we have accomplished. We currently have over 500 full time employees on our staff, and interestingly enough they also pay state and local taxes. This is contributing to the economy in a very positive way. If current rates rise, two things will occur. First, any loans we have on our books that are “floating rate” will immediately price upward. This covers about 30% of our portfolio. So, an immediate positive impact, on the revenue side. On the cost side, i.e. what we pay for deposits, places us in the 97th percentile in terms of cost for deposits so it is highly unlikely that our bank will have to raise deposit rates to retain our deposit base. Therefore, on a going forward basis the rates that our customers pay will tend to rise, while our interest costs will remain the same. So rising interest rates will have no negative effect on our bank’s business.
Consumers, wanting to spend There are several factors that influence consumers’ willingness to spend. Having more surplus funds is one element, as a result of lower fuel prices. A perception that the economy is strong is another factor influencing consumer spending. Yet another factor is for the consumer to be convinced that they need a product, such as another TV, automobile, etc. It is reasonable to assume a continuation of auto spending coupled with a steady purchase of new homes is in the immediate horizon. We have to keep in mind that interest rates are still at a relatively low point and will continue to be so. Rates will only be subject to hikes twice this year, in our opinion, allowing for more home purchases.
Corporate borrowers, both big and small businesses The large corporate borrowers will continue to borrow up to the maximum as they are looking for the leverage that increases the return on equity. Bankers will accommodate good credit backed by good collateral. Non investment grade debt will begin to be a challenge for corporations. Good businesses with rational debt profiles and an ability to properly service this debt will be the key to obtaining loans from the banking community.
Economic growth locally, as related to unemployment, home sales, construction, car sales or any other aspect you would like to suggest The economy will continue to move along at a 2% growth rate according to many economists. The main impetus to growth, good paying jobs, will continue to be missing from the equation. One thing that will kick start the economy is the rebuilding of our infrastructure. This includes bridges, roads, municipal buildings and schools. The expenditures for all of these projects are local origin. The construction of a road cannot be outsourced. The funds available for these projects are already available in the form of offshore profits held by major US corporations. By assessing a reduced federal tax rate of 5% versus the higher 35% rate, we can bring a substantial amount of money back into United States. The condition upon which the U.S. government would forgo the higher tax rate would be to require the companies to take the same amount of capital as the amount they saved in taxes and invest it in any pre-approved project that would help rebuild the U.S. infrastructure. Simply put, the requirement would be for the repatriating corporations to retain 70% of the cash to use in any way they see fit, while 25% would be used to purchase municipal bonds from the participating states. As stated earlier, 5% would be paid to the Federal Government. It is amazing what can be accomplished by creating jobs in the country and how it manifests itself into generating taxes for the local communities as well as the federal government. A perfect example of this is our own little company, First Choice Bank. When I joined the bank we had less than 25 employees and less than $30 million in assets. Today we have over 500 employees, $1 billion in assets and generated profits of over $25 million. Our federal and state taxes generated over $20 million and when adding employee payroll taxes, this number exceeds over $80 million. All in time span of 7 years. We see a slow and flat economic growth absent of any aggressive repatriation efforts.
STEPHEN DISTLER Vice Chairman Bank of Princeton
Stephen Distler has spent 35 years in the financial services industry, mostly as managing director and treasurer at Warburg Pincus, LLC, one of the world’s pre-eminent private equity investment firms. In addition to his financial oversight responsibilities, he spearheaded the firm’s efforts to invest in for-profit education companies. In 2007, Distler co-founded The Bank of Princeton and currently serves as its vice-chairman. As a member of the bank’s loan and asset/liability committees, he has been very active in overseeing the bank’s growth to over $1 billion in assets over eight years. A keen interest in education has led to his private investments and philanthropic endeavors. Over the years, significant gifts were made to the Princeton Public School system, Tufts University (where he attended and then joined the Board of Overseers) and Washington University in St.Louis (where he joined the Board of Trustees). He is also actively involved in two private education companies, Apex Learning, Inc., in Seattle, and Teachers Support Network, in Princeton. In his nine years serving on the Board of Trustees of The University Medical Center at Princeton, he was the first leader of the fund-raising effort that assisted in funding a $600 million new hospital in Plainsboro. He also
Savers, including those on fixed incomes As I do not see any substantial rate hikes, and moderate inflation, individuals should focus more on liquidity, such as medium term bonds, while avoiding commodities and emerging market debt and equities. For those on fixed income, it will be more of the same, with no real help from money market accounts. Individuals should be prepared to receive very little from their fixed income portfolio.
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chaired the board’s committee overseeing the complex building process. Distler is the principal owner of elements and Mistral, two highly acclaimed restaurants in Princeton.
M.B.A. in Finance from LaSalle College and has been a lecturer at the Wharton School and the Princeton University undergraduate economics program. He and his wife of 37 years have four grown children, each a graduate of Hun, and five grandchildren.
Do you believe the U.S. economy is strong enough to handle interest rate hikes and will rates ever return to pre-crisis levels?
Do you believe the U.S. economy is strong enough to handle interest rate hikes and will rates ever return to pre-crisis levels?
Absolutely. While it has not been a particularly robust economy, it can certainly sustain gradual rate hikes. Remember that the near zero rates for such an extended period of time is unprecedented. The economy has long flourished in a much higher rate environment and given time to adjust, will do so again.
Explain how the ongoing rise in interest rates will affect the following: Your banking business The banking business, locally, should not be meaningfully affected. While rates may be rising at the short end of the spectrum, the slow growth and low inflation have kept long rates unaffected. In the near term, this flattening of the yield curve will compress bank margins and challenge profitability. When long rates eventually start to rise, which we don’t foresee for some time, then yields on our loan portfolio will rise as well, which will usher in a period of rising bank profits.
Consumers, wanting to spend Modest rate increases shouldn’t really affect consumer behavior. Psychologically, they may perceive a fear of rising rates and as a result, home buyers may opt more for fixed rate mortgages as opposed to adjustable ones.
Savers, including those on fixed incomes The fixed income saver has been decimated over the past decade. Any rate increase, short or long term, can only help their circumstance.
Corporate borrowers, both big and small businesses Money has been available to corporate borrowers for some time now and should continue to be. As with consumers, they may opt for more fixed rate loans, as opposed to adjustables, so they can minimize their risk of higher payments down the road.
Economic growth locally, as related to unemployment, home sales, construction, car sales or any other aspect you would like to suggest There is a case to be made that this economic cycle may be reaching its peak. Home prices have risen significantly, car sales are at all-time highs, and unemployment may be nearing a bottom. Nevertheless, the economy is vast and robust and lower oil prices continue to add stimulus. Modest and gradual rate increases should not have any dramatic effect on the larger economic processes.
Kevin Tylus
President & CEO Royal Bank America Princeton native Kevin Tylus is president and CEO and a board member of Royal Bank America (NASDAQ: RBPAA). Headquartered in Bala Cynwyd, PA with 15 offices in New Jersey and Eastern Pennsylvania, the 53-yearold, publicly-traded community bank is a lender vital to commercial projects that help redevelop and repurpose businesses and neighborhoods, while also servicing small businesses, families and individual consumers. A two-year-old loan production office at 20 Nassau Street in Princeton accounts for nearly twenty percent of the bank’s business. Its independent governance structure was recognized by the National Association of Corporate Directors and its commitment to the greater community includes educational support for young students of lesser means and aspiring young entrepreneurs. Prior to Royal Bank, Tylus served as a regional President for PNC following its acquisition of Yardville National Bank. He had been an independent director of YNB and then president. His career has included executive positions with Prudential and Cigna and as a management consulting partner with Deloitte and its predecessor Touche Ross. Active with many business and community organizations, Tylus served as co-chair of Governor Christie’s September 11, 2001 tenth anniversary committee, is a past chairman of the board for The Hun School of Princeton, where he was named a distinguished alumnus, and is the immediate past president of The Nassau Club of Princeton. Tylus is a trustee of Gettysburg College, where he earned a Bachelor’s Degree in Business Administration. He received an
The Federal Reserve Bank’s first interest rate increase of one quarter of one percent (or “25 basis points”) in late 2015 was long anticipated. That increase has had little to no effect on the overall economy. The slow growing economy, however, is presenting challenges to smaller businesses, such as local retailers, an important staple in Princeton. Four key economic drivers should limit how often and by how much the Fed raises rates. General economic growth is a mere 2%, which is modest growth at best. Inflation remains in check, though some components that affect consumers have risen. Near-historic declines in crude oil and gasoline and global economic pressures have caused a US stock market correction and further downward pressure on US and global markets. While low gas prices, like low interest rates, are good for the consumer, nearly 300,000 jobs have been lost due to lower revenues at companies that produce and supply gas products.The balance of these items should drive the Fed to raise rates slowly and by modest amounts. There seems to be general support for a couple or few rate increases in the near to mid term. The upcoming national election will most likely affect when these increases actually come. An extreme out-of-balance of the components above could lead to substantial increases, especially if inflation made an about face. It seems unlikely we would see any time soon savings rates or loan rates in the double digits, let alone 20%+ rates experienced in the early 1980s. The preference is for a sustainable economy, one that is less “booming,” with modest interest rate increases, which I feel the economy can adjust to and handle.
Explain how the ongoing rise in interest rates will affect the following: Your banking business Royal Bank America’s business is determined by the success of the consumer, small businesses, commercial operating companies, and the demand for residential and commercial development. Our loan portfolio is positioned to be relatively neutral to rising or decreasing rates. The 25 basis point rise in late 2015 contributed a modest 3% to 4% in our annualized net earnings. Though a modest amount, those funds provided capital to expand technology offerings our customers use to run their businesses more efficiently, such as cash management, remote deposit and web-based conveniences. The earnings (CONTINUED)
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Corporate borrowers, both big and small businesses The sustained low borrowing rates have produced lower-cost capital for many larger companies to reinvest in their companies through mergers, acquisitions, product development, more technology and stock buy-backs. These items and cost controls have produced higher productivity. Modest rate increases should result in more of the same and be absorbable by large companies. In a modestly growing economy, small businesses have less ability to raise prices and less operating leverage than larger companies. An interest rate increase of “only” 25 basis points comes right off the bottom line and would equate to an additional cost that smaller businesses may not recoup. Lines of credit (short term loans tied to the Fed’s “prime rate” for example) help small businesses with seasonal cash needs—should banks increase their rates to keep up with the prime rate and charge businesses higher rates, then small businesses would feel a negative impact. Small businesses already have great pressure to cut and manage their costs.
Economic growth locally, as related to unemployment, home sales, construction, car sales or any other aspect you would like to suggest
supported customers and community reinvestment. Two more 25 basis point rises would have a similar effect on earnings and could also be beneficial for our customers and community initiatives. The cause and effect of short term and long term rates led to no immediate interest rate changes, either for savings or loans, from this first 25 basis point rise. We carefully monitor our rates to determine if we need to increase the rates we charge in comparison to the rates charged to us for short term funding.
lagging. In a period of slow to moderate economic growth as we are now experiencing, it is difficult for businesses to raise prices, which helps the consumer. More important than interest rates changes will be higher paying jobs, promotion opportunities, and increases in personal income. Slowly increasing rates and the status quo on jobs and personal incomes means more of the 2% economic growth experienced now—and in-check inflation—which means similar spending patterns by consumers.
Consumers, wanting to spend
Savers, including those on fixed incomes
A rise in short term rates could lower demand for consumer, residential and home equity loans. That did not occur with the first 25 basis point rise. Consumers are benefitting from low crude oil and in turn low gas prices. These are good for the consumer as it makes more personal income available for other purchases. But spending is uneven, with auto purchases (often in the form of leases) and restaurant spending up and real estate
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Savers will continue to be challenged to find higher returns. Modest interest rate increases, global economics and politics pressuring the US and international stock markets and blasé investment returns will limit savers’ ability to generate larger returns. This should continue during 2016, which will hold down savings returns and disposable income.
Princeton has an ecosystem more diverse than many other towns. Ready access to New York and Philadelphia, a mix of in-town, suburban and rural residential options, renowned higher education and school systems, world class corporations, treasured local businesses, historical significance and even an expanding local airport give Princeton and the greater Mercer County area more capabilities to withstand economic cycles. And much of the same holds true for the greater central and northern New Jersey counties. A modest rise in interest rates adds a modest increase in cost and in overall effect on the area. While there are many challenges—and we have seen the area severely impacted by declines in the economy and real estate and lower employment from large corporate activity—the area is experiencing some “green shoots.” The diversification of the area also helps a rebound. Hardly resembling the pre-recession boom (which is a good thing), employment and incomes have stabilized and increased in some sectors. Residential rental availability is attracting new residents and is appealing to “downsizers,” higher end housing re-sales are showing stronger activity and at least there is some new home construction albeit not the large tract developments of the early 2000s. Auto dealers seem happy, restauranteurs say business is “better,” yet challenges persist for office occupancy and for smaller businesses such as retailers, which has an effect on the health of commercial real estate. The pre-recession “booming” economy comes with great risks; a modestly growing one may seem less attractive but also is less disruptive and more sustainable. And a modest economic cycle means moderately increasing interest rates over a prolonged time which should be a better option for our area.
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PATRICK L. RYAN President & CEO First Bank
As president and chief executive officer and member of the board of directors of First Bank, Patrick L. Ryan is responsible for the strategic direction and overall performance of the company. His direct reports include the Chief Financial Officer (CFO), Chief Lending Officer (CLO), Chief Operating Officer (COO), Chief Information and Technology Officer (CIO/CTO), and Department managers for Human Resources, Compliance, BSA, and Retail Branch Administration. Ryan works closely with these department managers to ensure that all profitability and safety and soundness goals are being met. As part of managing these departments, he sets goals, monitors progress, and performs annual reviews for all department managers listed above. Furthermore, he serves as a member of the Operations/Product Committee, the Pricing Committee, the Management Loan Committee, the Internal Compliance Committee, the Asset Quality Review Committee, and the Lending Sales Committee. Ryan also serves as a voting member of several Board Committees: the Compliance Committee, the Asset/Liability Committee, the Board Loan Committee, and the Information Technology Committee. He is usually an invited guest to the other Board Committees: Compensation and Personnel Committee, the Nominating and Governance Committee, and the Audit/Risk Management Committee. Ryan has been with First Bank since the recapitalization. Together with The Lead Independent Director and Vice Chairman, Mr. Leslie Goodman, he formed the investment group that helped to found the initial bank in organization that ultimately conducted the
$20 million recapitalization of First Bank in November 2008. As president and CEO, Ryan led a successful $23 million initial public offering for First Bank and the stock is now traded on the NASDAQ Global Market under the ticker symbol FRBA. In April 2015, he finalized a $22 million subordinated debt offering that significantly enhanced the bank’s capital position. Prior to First Bank, Mr. Ryan worked as an investment banker, a management consultant and a community banker. He began his professional career in 1997 as an investment banker at Goldman Sachs working in the Financial Institutions Group in New York, NY and working in the Advisory Group in London, England. At Goldman Sachs, he worked on various bank M&A transactions including the merger of Nations Bank and Bank of America in 1999. After leaving Goldman in 2000, he spent a year working in corporate development for an internet company called Medsite, performing a combination of acquisition and joint venture analyses, in addition to cost-cutting and restructuring assignments. After earning his M.B.A., Ryan was hired as a consultant for the management consulting firm Bain and Company in Boston. At Bain, he worked on
Private Equity Consulting projects as well as general growth strategy and cost control assignments. He left Bain Consulting in early 2006 to join central-NJ-based Yardville National Bank (YNB). At YNB, Ryan ran the Strategic Planning and Corporate Development group and managed the bank’s new-markets expansion efforts as the emerging markets Manager. Within Strategic Planning and Corporate Development, he managed the branch expansion evaluation committee to help source, analyze, and execute the bank’s branch growth initiative. The department also performed various analytical projects to help the Board assess the profitability and return on investment for various initiatives. As the emerging markets manager, Ryan led the expansion effort into Middlesex County, NJ working to source new employees and build a regional headquarters in Piscataway, NJ. YNB experienced solid growth and profitability in this new market under his leadership. Ryan graduated Summa Cum Laude from Hamilton College in Clinton, NY, and in 1997 with a Bachelor of Arts degree in Government, a minor in Economics, the Government Department prize, and (CONTINUED)
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membership in Phi Beta Kappa. He received a Masters of Business Administration from Dartmouth University’s Tuck School of Business from 2001 to 2003, graduating as a Tuck Scholar (top 20% of the class) and “with Distinction” (top 10% of the class). Ryan has attended numerous professional development training courses including the ABA’s Graduate Commercial Lending School and the RMA’s Risk Management School. He is involved with several non-profit organizations including the Hamilton Partnership, the Mercer County 200 Club, the Friendly Sons and Daughters of St. Patrick, the Community Bankers Association, the NJ Bankers Association, the Ancient Order of Hibernians and serves on the Board of Trustees for the Trenton Area YMCA. Ryan volunteers as a member the Hun School Investment Committee and also gives back to the community through his participation in various community services events as a member of the Young President’s Organization (YPO). Ryan previously served on the Board of Trustees for the State Theatre in New Brunswick, NJ, on the Board of Directors at the Middlesex County Chamber of Commerce, with the Robert Wood Johnson Hamilton Foundation (Young Professionals, Strategic Planning Committee), and as a Board member for the Middlesex County Workforce Investment Board. Besides coaching his kids’ little league baseball (HVBSA) and ice hockey (Nassau) teams, he serves at the co-treasurer of the Nassau Hockey program. Professional Awards/Recognitions include: New Jersey Bankers Association—New Leaders in Banking (2011); NJ Biz—40 Under 40 Recipient (2014); Robert Wood Johnson University Hospital—Young Professional of the Year (2015); Hamilton St. Patrick’s Day Parade Grand Marshall (pending—March 2016). He lives in Pennington and is married to Ashley W. Ryan. They are the proud parents of three children: ten-year-old, fraternal twins Liam Patrick Ryan and Lily Eleanor Ryan, and 2 year old Quinn Joseph Francis Ryan. His interests include hiking with his family, ice hockey, golf, kayaking, American history, and political philosophy.
Do you believe the U.S. economy is strong enough to handle interest rate hikes and will rates ever return to pre-crisis levels? The U.S. economy is doing pretty well. Unfortunately, the rest of the world continues to struggle—with problems in China now being added to weakness in Europe. Geopolitical unrest (largely driven by ISIS) will only exacerbate the problems and cause investors to be cautious. I expect that international concerns will force the Fed to delay additional interest rate increases to wait and see
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how the slowdown internationally will impact things here in the U.S. Specifically, I would be surprised if there were more than one additional rate hike in 2016.
Explain how the ongoing rise in interest rates will affect the following: Your banking business If rates do rise, I would expect that would have a minor benefit to the banking business. Of course, the Fed only directly controls short-term interest rates. If long rates don’t move, that means the market is telling the Fed to stop. Furthermore, if long rates stay low, increases in short-term rates could actually hurt the banking business because most banks have short-term liabilities and longer term assets. In that scenario, bank margins could get squeezed even further.
Consumers, wanting to spend What will happen with the consumer in 2016 is a true mystery. So far, significant reductions in commodities (primarily gas) has not prompted a significant increase in consumer spending (as would be expected). This “cautious” consumer is also surprising given low interest rates, lower unemployment and high consumer confidence. Normally, rising rates would slow consumer spending because borrowing costs go up. But, in an ironic twist, rising rates might lead to improving consumer confidence and higher spending. The significant drop in the stock market so far in 2016 should be a deterrent to higher spending.
Savers, including those on fixed incomes Higher rates help savers, if they have assets in fixed-income type investments (usually older savers). Younger savers with more of their wealth allocated to the stock market have obviously been hurt by the recent correction.
Corporate borrowers, both big and small businesses Corporate borrowing has been very strong—thanks to an improving economy in the U.S. and ultra-low borrowing rates. An increase in rates would likely lead to a reduction in borrowing.
Economic growth locally, as related to unemployment, home sales, construction, car sales or any other aspect you would like to suggest
The NJ economy has lagged the rest of the U.S., with a slower recovery than average for the country. I’m not sure that rising rates would change that story significantly. New Jersey continues to be viewed as a very expensive place to do business, making other parts of the country more attractive for expansion.
STEVE R. MILLER President and COO Fulton Bank of New Jersey
Stephen R. Miller currently serves as president and chief operating officer (and director) of Fulton Bank of New Jersey (FBNJ—a $3.7 billion, 65 branch commercial bank that currently has offices in 15 New Jersey counties), having been appointed to that position in October 2011. Fulton Bank of New Jersey is a wholly owned subsidiary of Fulton Financial Corporation. Prior to that he served as chairman, president, and CEO of Skylands Community Bank, a separate affiliate of Fulton Financial Corporation, which merged with the bank in 2011 when he moved into his current position. He has served in many other capacities since 1993 when he joined The Bank of Gloucester County, one of the five community banks that were merged into and became part of the current Fulton Bank of New Jersey. These positions include Lending, Branch Administration, and various other Executive Offices. Prior to his current employment Miller had stints at several other New Jersey banks in a career that goes back over 42 years. He has always been a strong advocate for community banking and during his career has participated in many community activities and events on behalf of the banks he has worked for, believing it is truly important for financial institutions (which derive their prosperity from the community) to give back in great measure. The most rewarding part of his time in banking, both in the past and continuing today, has been watching his teammates and peers achieve wonderful careers and livelihoods through the opportunities afforded them at each of the banks where he has worked.
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Do you believe the U.S. economy is strong enough to handle interest rate hikes and will rates ever return to pre-crisis levels? According to economists, the United States has been “recovering” from the 2008 recession since mid-2009, a period of over six years. To many (particularly in New Jersey), it doesn’t seem like a recovery since the pace has been slow, where economic indicators have lagged compared to other parts of the nation. In an attempt to continue moving the recovery forward, the Federal Reserve has elected to keep interest rates flat for one of the longest periods in recent history; this has definitely had a positive impact on our customers’ ability to borrow, their cash flows, and overall real estate values. As the Fed now begins allowing rates to move more in concert with market conditions, all financial institutions are placed in the position of being more vigilant in how these rates will affect their customers, particularly investment real estate borrowers, as well as their own balance sheets.
Explain how the ongoing rise in interest rates will affect the following:
increasing interest rates will create better performance results for our organization. It is no secret that financial institutions have seen an erosion of their net interest margins for quite some time; to enjoy a little relief from such compression would be most welcome.
condition. It is no secret in the industry, that as a result of the 2008 crisis, we have put much more emphasis on cash flow and interest rate sensitivity in most everything that we do (including credit underwriting); we believe this will help produce better results in the event of increasing rates.
Consumers, wanting to spend
Economic growth locally, as related to unemployment, home sales, construction, car sales or any other aspect you would like to suggest
Consumers, who from a borrowing perspective, have enjoyed these low rates for so long, will be negatively affected when rates go up; however, in the context of a historical comparison, they are still at such low levels we don’t believe it will have a serious impact on their desire to borrow and spend money.
Savers, including those on fixed incomes On the other side of consumer’s balance sheet those monies invested in savings, money markets, and certificate of deposits will begin to see rates climb back to the levels that provide a more meaningful return, helpful for those who have in past years counted interest earned as a large part of their income.
Corporate borrowers, both big and small businesses
Your banking business With regards to Fulton Bank of New Jersey, we have carefully managed the interest rate sensitivity of our balance sheet and expectations are that
Based on the bank’s internal reviews and stress testing of our corporate relationships, we believe that smaller increases in rates (25, 50, or 100 bps) will not create material stresses on their financial
Finally, if interest rates go up there is a very challenging issue looming ahead—the increased cost of financing public sector debt, not only nationally, but also state and locally. Low interest rates over the past six or seven years have afforded the government an opportunity to borrow money at the lowest rates they have seen in decades; in the short term this has benefited all of America by keeping taxing requirements at sustainable levels. However, if these interest rates escalate to what would be considered “market” in past periods, the cost would be tremendous and create enormous challenges to meet necessary requirements of funding government expenditures. Government already runs at large deficits and to a great extent has covered past expenses via debt; increasing the cost of financing the same would have a very negative impact on the private sector (the consumer and corporate-tax-paying public) which would be called upon to support the additional debt costs.
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PALM SUNDAY
REV. THERESA S. THAMES Associate Dean of Religious Life and the Chapel Princeton University Wednesday • March 23, 2016 • 8 p.m.
CONCERT The Stations of the Cross by Marcel Dupré with Poetry of Paul Claudel & Ken Cowan, Organist Thursday • March 24, 2016 • 8 p.m.
MAUNDY THURSDAY
Service held in the Chancellor Green Rotunda Friday • March 25, 2016 • 12 p.m. and 8 p.m.
GOOD FRIDAY
12 p.m. - The Seven Last Words of Christ 8 p.m. - Tenebrae
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8 a.m. - Service of Holy Communion REV. THERESA S. THAMES Associate Dean of Religious Life and the Chapel Princeton University 11 a.m. - Service of Holy Communion REV. DR. ALISON L. BODEN Dean of Religious Life and the Chapel Princeton University
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“How’s the Weather?” “ ”
Extreme! by Donald Gilpin
The question has taken on a renewed urgency and importance in the past year, both locally and internationally. There was Pope Francis’s environmental encyclical in June, an historic agreement to limit carbon emissions from 200 world leaders at the Paris Climate Change Conference in December, dire warnings from Democratic presidential candidates—and, of course, the most striking admonitions of all, from the weather itself, with a balmy December, the hottest and wettest month on record to culminate a year that was also the hottest in history, then January following up with a massive blizzard that dumped two feet of snow on the Princeton area and brought severe flooding again to the Jersey shore. Extremes of weather indeed!
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What’s going on?
We asked six authorities with different backgrounds and perspectives on the subject to help explain. They not only did that. They also offered some thoughts about what we might expect in the future and what we should do about it. Our experts included two bona fide climate scientists: Michael Oppenheimer, Albert G. Milbank Professor of Geosciences and International Affairs in the Woodrow Wilson School at Princeton University, director of the Program in Science, Technology and Environmental Policy (STEP) and Faculty Associate of the Atmospheric and Ocean Sciences Program, Princeton Environmental Institute and the Princeton Institute for International and Regional Studies. Stephen Pacala, Frederick D. Petrie Professor in Ecology and Evolutionary Biology at Princeton University and the director of the Princeton Environmental Institute, an environmental engineer: Denise Mauzerall, professor of Civil and Environmental Engineering and International Affairs at Princeton University a behavioral scientist: Sander van der Linden, postdoctoral research associate and lecturer in psychology, at the Woodrow Wilson School of Public and International Affairs and the Andlinger Center for Energy and the Environment at Princeton University an architect and environmental activist: Callie Hancock, Princeton architect with Joshua Zinder Architecture and Design and group leader of the local chapter of Citizens Climate Lobby and a novelist: Huck Fairman, author of five novels and a number of screenplays and writer of the Solutions environmental column in the Princeton Packet The current problem is both a scientific/ environmental matter and a political/behavioral issue. Climate change is an undeniable fact, but what people, individually and collectively, should, can and will do about it is a big question. All six experts are hopeful, but all are hesitant to express optimism in the face of a problem that is so unpredictable in both its scientific and its human behavioral manifestations. “I don’t want to say I’m optimistic, but I do see a lot of activity going on around the world to solve this problem,” Oppenheimer states, “and much of it is making at least incremental progress. Last year global emissions from combustion did decrease for the first time although a good deal of that reduction may have been due to the slackening economy in China. There’s also a revolution going on in the renewable energy sector. Solar and wind energy are becoming much cheaper. There’s a possibility that we will gradually turn the corner, but that isn’t good enough. Emissions have to be reduced sharply—very sharply from today’s levels in order to avoid dangerous climate change, so I don’t want to be optimistic, but I will say there’s no reason to give up. Enough trails have opened up that head in
the right direction. If we pursue them vigorously at least we’ll avoid disaster.” Oppenheimer, who served as chief scientist and manager of the Climate and Air Program of The Environmental Defense Fund, an NGO (non-governmental organization), before he came to Princeton, claims that, though there is much controversy over political responses to these environmental challenges, and uncertainty in the science community over exact outcomes, “there’s no uncertainty about the fact that warming will continue for decades to come. What there is argument about is how much and how fast. The fact is there’s no argument about sea levels rising, no argument about storm surges, and no argument that in order to make a difference you have to cut emission levels substantially. “What policies should be implemented by what countries, who should pay the cost, how much— those are all up for grabs. Those are political, not specifically scientific, questions. But in the science itself there’s not much controversy.” As an observer at the COP 21 in Paris in December, Oppenheimer, a long-time member of the Intergovernmental Panel on Climate Change, participated in a number of presentations and discussions on different aspects of the climate problem. Also in attendance at the historic Paris session, Denise Mauzerall describes the event as “a major breakthrough. The approach of having countries submit their intended emission reductions rather than attempting to have a global agreement with set targets appears to have facilitated commitments for substantial reductions.” She noted that the accord received a boost from recent dramatic drops in the cost of renewable energy, which make “moving away from fossil fuels increasingly economically attractive.”
(clockwise
from top - left )
Sander van der Linden.
Pacala, calling climate change “one of the defining issues of our time,” describes the Paris accord as “a sensible agreement that will make a significant difference.” He contends that “the most surprising element in it is the statement that by mid-century carbon sources must be balanced by carbon sinks. What that means is that there would be no net emissions from fossil fuels. Any net emissions from fossil fuels would be taken up by some sink on the surface, and you can’t make very large sinks so that essentially means the end of the fossil fuel era. That’s a big deal. It’s amazing you had all those people sign on for that. There’s been a change in opinion polls, and one reason is everybody knows the weather’s gone crazy. You can’t deny it.” Dangerous Effects
Oppenheimer, much of whose research examines dangerous outcomes of increasing levels of greenhouse gases and explores the effects of global warming on the ice sheets and sea level, is pursuing a number of ongoing studies on projecting sea level rise at particular locations, along the Jersey shore and elsewhere. A self-proclaimed “weather nerd,” Oppenheimer followed the late January recordsetting snowstorm with interest and concern. “It certainly provides a lesson,” he said, “that we are more and more vulnerable to coastal damage from storm surge, and that’s because sea level is rising, which means that when a storm like that comes along it pushes water into places where it rarely goes or never went before. We’re going to see more of that.” Oppenheimer describes sea level rise as “a complicated and difficult problem to grapple with,” both technically and politically, “but we really don’t have too much choice, or the water will be in our laps.”
Michael Oppenheimer, Denise Mauzerall, Stephen Pacala, Huck Fairman, Callie Hancock,
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maps, charts courtesy of climatecentral.org. photography courtesy of shutterstock.com
He warns that we will see more of this kind of weather and its alarming effects in the future. “It was a terrible storm,” he says, “and it was a good exposition of the power of nature, plus nature juiced up by global warming. Global warming may have put more water vapor into the air and made a contribution to the huge amount of snow falling and the ice and sea water pushing in. The cold season may be shorter in duration, but whenever you get a storm you’ll never be without a mess, so we have to be prepared and be better able to defend ourselves along the coast.” Human Behavior and the Environment
Even more complex and challenging than climate science perhaps is the science of human behavior, and Sander van der Linden’s focus, as a psychologist and behavioral scientist, is on how to engage the public on the issue of climate change and how to promote public support for the climate policies that will address the major challenges. “In terms of policy support,” van der Linden says, “we’re definitely moving forward. Across party lines we’ve made some progress. People are more aware of the issue of climate change. Of course, the real question is how people are actually changing behaviors that have an impact.” Van der Linden applauds recent government initiatives in addressing the problem, but he emphasizes the crucial interplay between government and society. “It’s strange because when people feel they can shift the responsibility to government it makes people less likely to act
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on the issue because they think the government is going to take care of it. Obama has been very outspoken about the issue and about using insights from behavioral science to make the changes. That’s good because it illustrates that people need to make those changes themselves.” In addressing the psychological challenges, van der Linden explains, “Part of the challenge is to figure out what are the main barriers for people psychologically and how do we overcome them.” He points out that the term “global warming” can be confusing for people, and that “extreme weather” is more helpful in focusing people on the dangers of long-term trends rather than the vicissitudes of the daily weather. “Global warming is much more than just rises in the average temperature, so you get these oddball responses where members of Congress walk in with a snowball and say that’s evidence against global warming. The variations in daily weather are high, but people need to think about climate change in terms of trends. Extreme weather illustrates the trends more than the daily weather.” To make climate change more concrete, van der Linden accentuates the experiential dimension. “We learn things by experience, and there’s been some success in pointing to the increase in extreme weather events and relating them to climate change because weather events are things that people can relate to, things that have an impact.“ Social factors also influence people’s behavior and engage them with important issues. Van der Linden, who teaches a Princeton University course on the “Psychology of Environmental Decision-Making” and directs the Social and Environmental Decision-
Making Lab, claims that “social norms are hugely influential in affecting people’s behavior,” but that many current norms are harmful to the environment. “We have to see what interventions will work to influence people.” As an example of using behavioral science and social norms to influence people, he mentions OPower, an energy company that gives customers feedback about the energy consumption of their neighbors. That feedback improves people’s behavior in reducing energy consumption. Van der Linden also urges schools at all levels to take the lead in teaching climate science. “The decisionmakers of the future need to be on board in regard to these issues. Climate change should be a part of the basic science course. It should be part of the curriculum and people should be educated about this.” As a writer, Huck Fairman takes a different perspective on environmental challenges and different approaches, both fictional and nonfictional, to confronting climate change. The main character in his 2010 novel Noah’s Children: One Man’s Response to the Environmental Crises struggles with his responsibility as an individual in facing an environment in decline. ”It’s about a journalist in a town like Princeton that has a lake like Carnegie,” Fairman says, “and he decides he can’t just be reporting on local stuff—looking at the trees and forgetting the forests, so he asks what he can do for the big overall picture and he runs into some of his own problems and other problems and it’s not so easy to embrace that.” In the non-fiction realm, in the Solutions column that he has written for the Princeton Packet
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over the past four years, Fairman focuses directly on positive responses to local environmental issues. Topics he has written about include electric cars, Princeton as a bike-friendly community, switching to solar panels, using geothermal energy, and finding cheaper, greener energy systems. “I don’t know if I persuaded any people,” he says modestly, “but at least it made me feel better.” And as a supporter of Sustainable Princeton and Climate Central and co-founder of the Princeton Chapter of Citizens Climate Lobby (CCL), Fairman takes his environmental activism a step further. “I think we could solve this problem,” he contends. “The CCL is pushing for a carbon tax as the best way. Europe has already adopted it in many places. British Columbia has adopted it. It’s to cut down on the use of carbon fuels. Taxing them and making people, for many reasons, turn to other solutions is a simple and very effective strategy. People are taxed. You take the tax money and give it back to the people. The question is, will we adopt it soon enough?” Allied with Fairman in the battle to establish a national carbon tax is Callie Hancock, co-founder and leader of the local CCL chapter. Hancock emphasizes the need to “put a price on burning carbon and sending carbon dioxide into the atmosphere, because it’s causing warming of the planet.” She describes how it was Hurricane Sandy three years ago that motivated her to create the Princeton chapter of CCL. “I would never have started a chapter or joined. I’ve never been an environmentalist,” she says, “but the superstorm made things seem so terribly concrete in terms of
extreme weather and what happens when you don’t have power. My realization of how dependent we are on fossil fuels came right about then.” Hancock followed up this realization with action. “I saw that CCL has a positive focus instead of just fighting everything. I thought, this is a great place to start a chapter and someone needs to do it. It would be me. I’ve been the executive in the group and Huck’s been our writer, muse and mentor.” CCL meets monthly, usually at Hancock’s house, often with a guest speaker, perhaps a scientist, policy expert or sociologist. The members are constantly writing letters to legislators and to newspapers to make their carbon tax argument, and in June Hancock and other members from throughout the country travel to Washington D.C. to speak with government officials. “Every year I have been involved, there have been more people in the Princeton chapter and in Washington,” Hancock says. “We started as 400 people on the Capitol steps, went to 600 in 2013, 900 in 2015 and the steps are getting full, and, more importantly, the conversations in Congress are moving forward.” She urges others to join CCL and to get involved in whatever way they can. “Whatever concerns you about climate change,” she says, “don’t ignore it. Bring it up. Let your elected officials know that you’re concerned, because they may be concerned too but not feel there’s public support. Subscribe to an online source of climate news and write a letter to your representative. It’s an economic solution we’re offering so you don’t even have to mention climate. So what people can
do is to not be frightened of the problem. I feel hope and despair all the time. I look my kids in the eye and I say—hey—we’re doing what we can.” Optimism and “The Environmental Nexus”
For Professor Pacala, doing what he can includes creating and teaching a new course for University students, “The Environmental Nexus.” “It’s about the intersection of the climate, food, water and biodiversity,” Pacala says. “The real problem the current generation faces is that it’s not enough just to solve one of those problems. If you take one course on this, what do you need to know to prepare yourself for your responsibilities as a citizen? As a teacher, I’m devoting what amounts to the rest of my career to answering that. “I’m spending the next year preparing. It’s got ethicists involved and social scientists and economists, because there are so many different dimensions to the problem. I want to make it as big as I possibly can, to get the largest possible cross-campus conversation going.” And, in the meantime, Pacala continues the many different facets of his academic work, including his teaching, his work with the National Oceanic and Atmospheric Administration (NOAA) climate modeling center at the geophysical fluid dynamics laboratory on the Forrestal Campus on Route One, as a board member with the Environmental Defense Fund in New York, and with a number of environmental NGOs. Though quick to acknowledge the enormity of the climate problem, Pacala sees cause for march/april 2016 PRINCETON MAGAZINE
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(top) Taking the Message to Washington for Climate Change Solutions--annual June gathering of Citizens' Climate Lobby at the Capitol. (bottom) Princeton Chapter of Citizens’ Climate Lobby, led by Callie Hancock and Huck Fairman, at their monthly meeting.
optimism. “If you travel around universities now,” he says, “so many of the brilliant young people are working on this problem. And I would bet on human ingenuity in the end. The discovery of information that would save the world from global warming is likely to involve some of the most lucrative inventions in the history of human beings, to make people absolutely titanically wealthy while saving the planet. What greater incentive could there be for an ambitious and capable young person? And that’s why so many are involved in this effort. It wasn’t that way 10-15 years ago, and so I’m betting on human ingenuity because the incentives are just so strong.” A Role for Everyone
Pacala urges the public to act on one or more of three different levels: 1) “As a consumer you can buy products and energy, and travel in such a way that you reduce your impact on the planet.” 2)”You can vote in such a way” that supports environmental causes you believe in; and 3) “If you’re a genius you can invent something.” Though all of the experts I consulted emphasized the necessity for individual responsibility to vote and stay involved politically, Mauzerall was explicit in her assertion that “the most important thing people can do to take action on climate change is to help elect a Democratic president. Both potential Democratic candidates have made it clear that they are very concerned about climate change and are committed to reducing emissions of greenhouse gases and increasing the fraction of energy that comes from
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renewable sources. The Republican candidates continue to deny that climate change is real, an absurdity in the face of the scientific evidence, and could easily reverse the progress the U.S. has been making to reduce emissions.” In reflecting on the fact that “people often do not take action,” van der Linden endorses the kind of involvement and political action that Hancock and Fairman pursue, and he advocates a focus on the future. “Something that resonates with people when we do research is that people do care about their grandchildren and future generations. If we want future generations to be OK, then it’s important that we do something about it now and not leave it up to them to clean up the mess. That is a powerful narrative that resonates with a lot of people, regardless of political party.” In summing up, Oppenheimer also reflects on young people. “It’s important that they understand that the world is not beyond their control, that if we all make diligent efforts both in our own lives and in contributing more broadly in whatever way we can to the larger effort to rein in climate change, we can move on into a livable world, one that
we’re happy to pass on even if it’s not perfect. So everybody can find a way that they can contribute to this, whether it’s the way I do as a scientist or as an educator or as someone who understands the social aspect of dealing with climate change. Everybody has their own special abilities. Maybe it’s political organizing. This is not a problem to be solved just by scientists. Everybody has a role to play.”
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Planning for Spring! by Lisa Miccolis, owner of Bountiful Gardens
N
ow that the yard and beds are cleaned upit’s time to dive into the seasonal plantings. We all love spring and its flowers but I bet you think of pansies and bulbs such as tulips, hyacinths, and daffodils as spring flowers. You are correct but what you may not realize is that there are a huge selection of other plants which love cool sunny days and also tolerate cold frosty nights. I am recommending to you some of my favorites that I wait all year to arrive. Ranunculus, stock, primroses, snapdragons, wallflowers mixed with pansies are great flowers for color in container plantings that tolerate Spring frosts. To add texture mix in perennial foliages such as one of the many varieties of heuchera, green or gold irish moss, pulmonaria and acorus (grass). You will have
taken care of the color and texture making an interesting and beautiful long lasting container for end of March, April, and May. Transplant plants into the garden in May or June because they will still look nice but because they are cool weather flowering , the flowering will start to slow down by July so you will need plants hardier for the heat and dryness of the summer. Good Luck and Happy Spring! Bountiful Gardens does all phases of landscape design, installation, and maintenance for any size job. If you are already working with someone else We offer consultations and project management so that you can do the work yourself or work with your current landscaper to get things done right. We are experts in plant material. Come out to the shop and see for yourself. We also offer seasonal container plantings along with annuals planted seasonally in the landscape. We provide this service to most of our clients and they really appreciate that the right plants are being planted so they get lots of color and enjoyment without any do-overs from plantings done in the wrong conditions. Don’t hesitate to call us for a consultation where we can come up with a program that works for you. We maintain all size properties. No property is too large or small for our team.
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| CULTURAL EVENTS march 14
april 16
april 4
april 6
march 27
M a r k Yo u r
Calendar Happy Birthday Albert Einstein!
6:30PM Nerd Herd Smart Phone Pub Crawl (part of the Princeton Pi Day celebrations). Be sure to stop by Yankee Doodle Tap Room to receive your nerd glasses. www.pidayprinceton.com
Wednesday, March 16 NOON Join Sustainable Princeton at the Princeton Public Library for a community discussion on “Overcoming Barriers to Green Building in Princeton – Solutions Wanted.” princetonlibrary.org
Thursday, March 17
10AM-4PM Annual Bunny Chase at Terhune Orchards in Lawrenceville. Includes a treasure hunt, wagon rides, crafts, and spring treats. www.terhuneorchards.com
4PM Bucks County Playhouse in New Hope, Pa.
Thursday, March 31
welcomes The Galway Girls for a festive performance of “Songs of Ireland” (also at 8 p.m.). www.bcptheater.org
Sunday, March 20 12:30PM Screening of the documentary Girl with a Pearl Earring (2015), part of Princeton Garden Theatre’s Exhibition on Screen Series. thegardentheatre.com
Wednesday, March 23
10AM Movin’ and Groovin’ with Miss Amy at Princeton’s MarketFair Mall. This interactive morning of movement and music is ideal for young children. www.marketfairmall.com
6PM Playwright, screenwriter, and librettist David Henry Hwang delivers a free, public lecture at Princeton University’s McCosh Hall. lectures.princeton.edu
Saturday, March 19
Saturday, March 26
9:30AM-4:30PM Start of “The Poetry of Nature: A
8AM-1PM Princeton University men’s heavyweight
Golden Age of American Landscape Painting” exhibit at the Brandywine River Museum of Art in Chadds Ford, Pa. Masterworks by Thomas Cole, Asher Durand, William L. Sonntag, and other giants of the Hudson River School, will be on view through June 12, 2016. www.brandywine.org
crew vs. Georgetown at Carnegie Lake. www. goprincetontigers.com
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Sunday, March 27
11AM-4PM Artists in Action at Grounds for Sculpture (GFS) in Hamilton Township. For one day, GFS artists will open their studios to the public, offering live demonstrations and insight into the creative process. www.groundsforsculpture.org
10:30AM Saturday Stories for children and families ages 2-8. Enjoy stories, songs, and rhymes at the Princeton Public Library (repeats weekly). princetonlibrary.org
12:30PM Edward Taylor, organist at Carlisle Cathedral in Carlisle, England, performs at Princeton University Chapel. www.princeton.edu
Friday, April 1 12:30PM Join Museum docents at Princeton University Art Museum for a Gallery Talk entitled, “Marsden Hartley: American Modernist.” artmuseum.princeton.edu
Saturday, April 2 9AM-5PM Breathe in the fresh spring air and relish the beauty of the Spring Blooms exhibit at Longwood Gardens in Kennett Square, Pa. Dogwood, wisteria, azaleas, and more than 240,000 tulips herald the new season (through June 3). longwoodgardens.org
1PM Princeton Tour Company’s “5-Star Shameless Name Dropping Tour of Princeton.” Learn about the famous students and residents that help to make Princeton the most treasured Ivy League town in America (repeats weekly). www.princetontourcompany.com
images courtesy of shutterstock.com; wikimedia commons.
Monday, March 14
NJSO photo by Fred Stucker Communiversity photo by Emily Reeves;
m u s i c | b o o k s | t h e at r e | l e c t u r e s | s p o r t s
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Johannes Vermeer, Girl with a Pearl Earring, APRIL 1 1665.
Marsden Hartley, Handsome Drinks, 1916.
MARCH 20
APRIL 2
APRIL 30
IMAGES COURTESY OF SHUTTERSTOCK.COM; WIKIMEDIA COMMONS.
NJSO PHOTO BY FRED STUCKER COMMUNIVERSITY PHOTO BY EMILY REEVES;
APRIL 5
APRIL 17
MONDAY, APRIL 4
SATURDAY, APRIL 9
SATURDAY, APRIL 23
11:15AM “Aging Gracefully with Ballet” taught by
1-5PM Princeton Atelier Artists-in-Residence present “A
ALL DAY The Bridal Event at Hamilton Jewelers, 92
professional ballet dancer Talin Kenar at Princeton Dance & Theater Studio at Princeton Forrestal Village (repeats weekly). princetondance.com
Lake Carnegie Pageant: For the Species and Habitat of the Watershed” at the Arts Council of Princeton. This theatrical puppet pageant celebrates the environmental importance of the Watershed (also, on April 16 and 23). artscouncilofprinceton.org
Nassau Street in Princeton. Buy any bridal ring over $5,000 and receive a free 4-day cruise on Norwegian Cruise Line. www.hamiltonjewelers.com
TUESDAY, APRIL 5 7PM “All About Cheddars” tasting class at Brick Farm Market in Hopewell. Guests are welcome to bring their own wine or beer to accompany the event. www.brickfarmmarket.com
WEDNESDAY, APRIL 6
SATURDAY, APRIL 16 8PM NJPAC welcomes the New Jersey Symphony Orchestra (NJSO) and Broadway star Cheyenne Jackson in “Music of the Mad Men Era.” www.njpac.org
NOON-4PM View the Einstein and Innovators
SUNDAY, APRIL 17
Gallery, permanently on view on the first floor of the farmhouse at Updike Farmstead. Photographs, documents, and furniture provide a comprehensive picture of Einstein’s life in Princeton, from 1933-1955. This exhibit is presented by the Historical Society of Princeton. www.princetonhistory.org
1-6PM 2016 Communiversity in downtown Princeton
7:30PM David Sedaris visits McCarter Theatre. His
6PM The Children’s Home Society of NJ’s 122nd
most recent book, Let’s Explore Diabetes with Owls, was a 2013 Grammy nominee for Best Spoken Word album. He is also the author of bestsellers, Dress Your Family in Corduroy and Denim and Squirrel Seeks Chipmunk. www.mccarter.org
Anniversary Gala at TPC Jasna Polana in Princeton. www.chsofnj.org
presented by the Arts Council of Princeton. The outdoor ArtsFest features over 200 boots showcasing original art, food, live entertainment, and merchandise. The event attracts more than 40,000 visitors annually. artscouncilofprinceton.org
MONDAY, APRIL 18
THURSDAY, APRIL 28 ALL DAY Start of the 2016 Penn Relays at Penn’s Franklin Field in Philadelphia. More athletes compete in the Penn Relays than the Olympics (through April 30). www.thepennrelays.com
FRIDAY, APRIL 29 5:30PM Jonathan Powell, Founder and Chief Executive Officer of Inter Mediate, delivers a free, public lecture on “Talking with Terrorists” at the Institute for Advanced Study. www.ias.edu
SATURDAY, APRIL 30 6PM Join actor and comedian Martin Short for an unforgettable night of fun and side-splitting laughter at this hilarious variety show at the State Theatre of NJ in New Brunswick. Short will revisit some of his most memorable characters including Ed Grimley and Jiminy Glick. www.statetheatrenj.org
8AM-3PM Opening of Princeton Day School’s 50th Anniversary Alumni Exhibition at the Anne Reid ’72 Art Gallery (through May 14). www.pds.org MARCH/APRIL 2016 PRINCETON MAGAZINE
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generation ago, those with a sophisticated palate in search of a place to dine in Princeton might have called it a food desert. There was French-ish Lahiere’s, serving the likes of Albert Einstein and the King of Jordan since 1919 (it closed in 2010); the Alchemist & Barrister offering up burgers and pub grub; and a handful of diners and Chinese and Greek restaurants. But about 20 years ago, all that started to change, and now Princeton and Hopewell draw fine dining enthusiasts from the greater metropolitan region. These days, all the moves and changes happen so quickly, they could be recited to the tune of “I Am the Very Model of a Modern Major General.” At press time, the Fenwick Hospitality Group (Agricola) announced its acquisition of the Main Street Restaurant group. This includes Main Street Catering (Rocky Hill), Main Street Bistro & Bar (Princeton) and Main Street Café (Kingston). At the forefront of Princeton’s dining revolution were the brothers Momo— Carlo and Raoul—opening, first, Teresa Caffe, Mediterra and, most recently, Eno Terra in nearby Kingston. These restaurants were among the first in the region to work with local farms, fishermen and grass-fed beef and poultry producers. At Eno Terra, where the philosophy is “Eat local, drink global,” a wine cellar is built from the original foundation and beams of an 1800s general store. With an inventory of 7,500 to 10,000 bottles, Eno Terra offers wines from Italy, California, France, Spain and
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beyond. Recent offerings included an antipasto of seared octopus with saffron and salsa verde in a squid ink emulsion, black spaghetti with Calabrian chili, and a seafood brodetto with monkfish, shrimp and calamari.
A MOVEMENT TAKES OFF “This area as a whole seems to be very food savvy and willing to try new things,” says the Peacock Inn Executive Chef Jason Ramos. These days, “there are a lot of really good restaurants in the area, so it pushes everybody to step up their game.” Stepping up its own game, the Peacock Inn—another Princeton institution—re-opened a few years ago, after a three-year renovation during which ownership changed hands. Diners enjoy contemporary American cuisine made of ingredients from local farms and purveyors. The Peacock Inn has garnered a listing among the “Best New Restaurants” in New Jersey Monthly Magazine. “Our commitment to providing as close to a perfect experience for each guest as possible is what sets the Peacock Inn apart from other restaurants,” says Jersey-bred Ramos, a Culinary Institute of America grad who garnered recognition at the Harvest Moon Inn in Ringoes, Stage Left and Catherine Lombardi’s in New Brunswick, and a plate full of others. “We change menu items three to four times a month, which keeps it exciting.” Portuguese octopus with fingerling potatoes, shishito peppers, black garlic, arugula and Morcilla were
among the temptations on the winter menu. When asked what he predicts will follow the farm-to-table trend, Ramos says “I don’t think locally grown ingredients are being replaced. At the Peacock, we try to use local products as much as possible and I think people appreciate that. There are always trends coming and going in the food world, but I don’t think locally grown ingredients is one of them.” Agricola, located in the century-old building Lahiere’s vacated, is founded on a farm-to-table philosophy—the very name is Latin for farmer. Agricola was founded in 2012 by Jim Nawn of the Fenwick Hospitality Group that operates Panera Bread franchises in New Jersey. Nawn also owns the 112-acre preserved Great Road Farm, which supplies Agricola with its kale, watermelon radishes, rutabagas and more than 100 kinds of produce. A year after Agricola opened, a New York Times reviewer proclaimed “its offerings are exactly what many diners prefer: simple dishes skillfully rendered.” At press time, a search was on for Agricola’s third chef. “We are actively looking for a new chef and have had interviews as well as a few tastings,” said Nawn. “Fortunately, having a strong team in place allows us to proceed at a pace where we can look for the right talent and fit. “We have stuck true to our menu concept of rustic food sourced locally that we have been known for since we opened,” Nawn continues. “We’ve increased our use of vegetables from Great Road Farm and for the first time, raised animals and used the pork, beef and lamb
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1) One-Acre Canal Farm in Kingston. 2) Freshly made tomato sauce. 3) Housemade pasta with seasonal vegetables.
sourced there. We change the menu frequently during the growing season to ensure we’re using the best and most seasonal produce, while also giving us the opportunity to ferment, cure and pickle throughout the year, using these ingredients in the kitchen and bar, even during the winter months when little is coming out of the ground.” The farm was able to provide ingredients for kimchi and fermented chili paste, Nawn reports, and has just started making polenta from a kind of corn that farmer Steve Tomlinson experimented with. “This spring should supply us with some amazing greens, spring garlic and onions, ramps, and for the first time, asparagus,” says Nawn. “We are always excited to find different ways to incorporate these classic signs of springtime onto our menus.”
NO SUCH THING AS... TOO MUCH PIZZA The great American tomato pie comes in many forms these days, from the old standby at Conte’s on Witherspoon Street to flatbread served at upscale chain Seasons 52 in MarketFair, with toppings such as artichoke, goat cheese, arugula, cremini mushrooms and blackened steak. At press time, Jules Thin Crust, a Bucks County favorite in Doylestown and Newton, Pa., announced its plan to move into the former Subway shop on
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Witherspoon Street. Jules uses local ingredients for interesting toppings—the Mexican comes with chili-lime black bean spread, mozzarella, sweet corn, fresh chopped organic tomatoes, red onions, scallions, cilantro and spicy sour cream. Gluten-free crust makes it an option for those with food sensitivites. Osteria Procaccini announced that Terra Cotta Oven, presently serving artisanal pizza with organic ingredients and a thin crust in Kingston, will open on Nassau Street next to Porta Via, replacing the former Naked Pizza, but those who must avoid gluten are warned that even its gluten-free dough is cooked in the same terra cotta oven. Nomad Pizza began out of a 1949 yellow REO Speedwagon truck belonging to founder Tom Grim (formerly one of the Toms behind Thomas Sweet ice cream and confections), catering parties, weddings and farmers markets. When it opened a brick-and-mortar restaurant in Hopewell—herb beds on the restaurant’s brick patio grow fresh arugula and basil in season— customers waited in line for hours to get a taste of the 850-degree-wood-oven fired Neopolitan pizza, made with, you guessed it, local and organic ingredients. And so the partners opened two locations in Philadelphia. In spring, they will launch a new restaurant in the Princeton Shopping Center. “We hope to be open in May,” says Grim, “but with restaurant openings, you never know
what delays might happen. In the beginning we will open six days a week for dinner only, then later for lunch on weekends and ultimately lunch on weekdays. Salads and desserts will be expanded and we will have a soft ice cream machine, draft root beer and coffee.” Grim’s vision includes herbs grown in pots around the former garage site. Hopewell-based design group Groundswell is creating an industrial/rustic interior, using reclaimed and repurposed materials. Two garage doors will open to outdoor seating and the patio will have a retractable roof for weather protection. Inside, the kitchen will be open so customers can watch Grim’s business partner, Stalin Bedon, shape the dough and add toppings. “We are considering selling one of our Philadelphia pizzerias so that we can better focus our energies in Princeton,” says Grim, who never imagined such success. He grew up in Appalachia, “dirt poor,” he says; his father’s dump truck was also the family car, and they would go to the drive-in cinema in the truck. “We loved it. We would climb up to the top for a great view of the movies.” His love for cinema continued into adulthood, establishing the Thomas Sweet Outdoor Cinema series at the Princeton Shopping Center for a number of years, and one of the Philadelphia Nomad Pizzas offers a cinema night.
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eno terra images courtesy of joanna tully photography
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Ice cream, chocolate, pizza, root beer, movies—what Americans love best. Is that his formula for success? “I think we got lucky. I just do what appeals to me and it seems to translate well. I didn’t really choose pizza. I was making it at home for years and we just decided to turn it into a business.”
ON THE MOVE... Grim is far from the only nomad to take his food business on the road. Some restaurants, such as The Taco Truck, started as roving vehicles and became brick and mortar. In the Princeton Shopping Center, The Taco Truck serves food purportedly authentic to the taquerias of Mexico. The “Pescado” includes catfish, red cabbage, pico de gallo and chipotle salsa. The Taco Truck, which seeks to expand brick-and-mortar locations, claims minimal
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3) Duck breast with white salsify, hen of the woods mushroom, smoked blueberry. 4) Amuse bouche.
impact on the planet and with only 44 seats, that is believable. Owners Kathy Klockenbrink and Kim and Amin Rizk started their successful Jammin’ Crepes—also with seasonal ingredients from local farms and rustic chic décor from reclaimed materials; beverages are served in Mason jars and the flatware looks like what your grandmother passed down—as a stand at the Princeton and West Windsor farmers markets before establishing their popular brick-and-mortar business on Nassau Street. While demand says they should expand, Klockenbrink says they want to focus on doing everything right, but the partners do plan to add a food truck. Stay tuned. Among other restaurants that move is elements, leaving its beautiful stone building on State Road (it always reminded me of the modernist Vandamn house in Hitchcock’s North by Northwest) and arriving on Witherspoon Street, upstairs from Mistral, also owned by Stephen Distler and elements Executive Chef Scott Anderson. Using, of course, locally sourced ingredients, Anderson works to draw out the purest flavors to transform the classics into the new. With just nine tables, the focus is on prix fixe tasting menus. The 41-year-old chef “falls on the madman
reo speedwagon, pizza, salad photos courtesy of nomad pizza; photos courtesy of brick farm tavern.
1) Sausage and broccoli rabe pizza. 2) Caesar salad with romaine heart halves drizzled with housemaid caesar dressing topped with fresh garlic flat croutons, anchovies, and organic parmesan.
side of the culinary divide, lanky haired and unshaven in his open kitchen, tweezering truffle-strewn langoustines and torching Shunkyo radishes to picture-perfection,” wrote Philadelphia Inquirer critic Craig LeBan. “…it’s easy to imagine elements evolving into one of the region’s most exciting dining destinations.” As Distler and Anderson downsized elements, they grew Mistral—named one of the state’s 25 best by NJ Monthly—from 45 seats to 130, and brought along the liquor license with Elements, as well as the North-by-Northwest decor. The menu is divided into “small bites,” “from the fields,” “from the land” and “from the water” (and, of course, desserts). New Jersey was known for its diners, modeled after dining cars on trains, and now Princeton is turning an historic train station into a restaurant. Coming in spring, Princeton’s beloved stone Dinky station will become another fine food outpost run by Agricola and Jim Nawn’s Fenwick Hospitality Group. The university purchased a liquor license from restaurateur Jack Morrison, who owns Witherspoon Grill and Blue Point Grill. “The plans they have developed will offer attractive options for commuters, theatergoers, campus and community residents,” said Kristin Appelget, director of community and regional affairs and a member of the university committee that selected the group. The bar, slated for a 2016 opening, will
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photos courtesy of jammin’ crepes; the taco truck restaurant and food photos courtesy of andrea monzo; truck photo courtesy of the taco truck.
5) “Everything’s Better with Bacon & Jam,” (thick-cut smokehouse bacon, Jammin’ Crepes’ seasonal micro-batch jam of the day, fresh local baby arugula, and creamy brie cheese). 6) Mixto tacos (pollo, al pastor, barbacoa).
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seat 60, and the restaurant will seat 125 inside and 50 outside when it opens in 2017. The restaurant will feature a French-influenced menu that, like Agricola, will emphasize locally sourced ingredients.
THAT OTHER DINING MECCA Hopewell, formerly a sleepy Vermont-like town, has become a dining mecca of its own in recent years, with perhaps the crowning jewel opening at the end of 2015. With diners coming from New York and Philadelphia, getting a table at Brick Farm Tavern has been a challenge since day one. Under the direction of Executive Chef Greg Vassos and General Manager Mike Lykens, Brick offers drinks (even the cocktails are made from local ingredients), dinner and a view of the farm in a renovated 1800s farmhouse. The interior is warm wood and stone with original fireplaces in every room. Even the windows are set in wood that has witnessed the ages, and the bar has been crafted from wood repurposed from the Charles Lindbergh estate in Hopewell. The open kitchen is clad with spanking white subway tiles and stainless steel equipment and two wooden chef’s tables running down the middle. Using the best ingredients from Double Brook Farm and other local growers and artisanal purveyors, owners Robin and Jon
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McConaughy say it all began with one cow. The former executive recruiter and hedge fund manager wanted to know where their food comes from, took up farming and opened Double Brook Farm Market on Hopewell’s Broad Street in 2013. Their precepts are humane and ethical animal treatment, energy sustainability and keeping it local. Hopewell’s hills are alive with animals grazing on pastures; the animals are never given hormones or antibiotics and are “harvested” at an on-site abattoir, with an attempt to use the whole animal. The tavern even offers options for vegetarians, and a casual menu at the bar. “The Tavern is just one piece of a big puzzle,” says Jon McConaughy. “Our challenge now is to make sure all the pieces fit together. We always planned to have the farm, the market and the Tavern linked through classes and events. For example, we will have things like pasture poultry days where customers can help collect eggs, see how the birds are raised and ask questions and then take those eggs back to the Market or Tavern for a farm breakfast. Rather than just coming to get breakfast, they get to do something with the family, get out in the sunshine and truly understand from where their eggs originate.” Behind the restaurant, Troon Brewing LLC will convert one of the existing barns into a brewery with a focus on local ingredients.
Troon plans to produce uncommon and unique beers, beers that have been aged and beers that have been produced from ingredients that have been aged. The small size of the barn limits the amount of beer Troon can produce so it is anticipated that the beer will be consumed at the Tavern or purchased for off-site consumption.
Sourland Mountain Spirits will occupy another existing barn on the Tavern site. Production will begin with gin, apple brandy, bourbon and eau-de-vie. The by-products of the brewery and distillery will go back to the farm as a feed supplement or fertilizer. Troon is expected to be operational by June, and Sourland Mountain Spirits near the end of the year. The Brick enterprises are far from a momand-pop operation. “We raise 1,000 egg layer chickens and 15,000 meat birds a year, 1,000 MARCH/APRIL 2016 PRINCETON MAGAZINE
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osteria procaccini, porta via photos courtesy of gretalia hospitality advertising agency/ryan james agency; aurelio’s cocina latina photos courtesy of stephanie gonzalez, aurelio’s.
1) Antonia La Capriciosa pizza (fresh mozzarella, light tomato sauce, marinated artichoke hearts, kalamata olives, Applegate Farms Genoa Salami, and extra virgin olive oil). 2) Vincenzina sandwich (fresh mozzarella, marinated roasted red pepper, sun dried tomato, baby arugula topped with extra virgin olive oil, balsamic vinegar, sea salt, fresh pepper & oregano). 3) Assortment of sides. 4) Mariscada a la Mexicana. 5) Chicken empanadas topped with pico and crema. 6) Tacos de carne asada.
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turkeys and 500 pigs,” says McConaughy. “We just started raising 30 goats and have 500 sheep a year and are starting ducks and rabbits. We own breeding cattle that are managed for us in Virginia at Lakota Ranch and the offspring are raised in Pennsylvania at Thistle Creek Farm. We own roughly 500 acres and lease about 250. We buy chicks, but the pigs, lambs and goats are born, raised and slaughtered on the farm by a farmer who has been with the animals throughout their pasture-raised lives.” We knew from the start, adds McConaughy, “that it did not make sense to raise the animals right and then lose control at the time that mattered most. The ‘harvest’ of an animal is the unfortunate inevitability of being raised for consumption. Slaughter has very negative connotations—the term slaughterhouse does not generate positive thoughts—but the slaughter has to take place in order for us to get the nourishment for which the animals gave their lives. We think the French name ‘abattoir’ generates less of a negative image.” The animals are raised on the farm with the abattoir in sight, and when it comes time for their necessary end, stress is minimized. There is no transport or unfamiliar handlers or pens which can cause stress and affect the quality of the meat. “Even though we raise a lot of animals,
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we strongly believe they are not commodities and we want that to be true throughout the whole process,” says McConaughy. “The Tavern becomes an important part of our farm vision that allows us to control the whole process and, therefore, produce food that is good for us, the environment, the animals and our taste buds.”
AND NOW FOR SOMETHING SPICY After all that ethical food production and locally sourced ingredients, we might be craving something imported, ethnic and spicy. Mamoun’s Falafel, a favorite in New York’s Greenwich Village since the 1970s when the Village Voice wrote “Henry Kissinger can take a lesson in diplomacy—Mamoun has Arabs and Jews sitting at the same table,” opened on Witherspoon Street more than a year ago, offering kebobs, shawarma, spinach pie, and falafel. It will be joined in late winter by Marhaba, a favorite Middle Eastern restaurant in Lambertville. Moving to the former Cheeburger Cheeburger spot at 182 Nassau Street, Marhaba will offer a more extensive menu than in its original location, as well as brunch and belly dancing. One of America’s favorite ethnic cuisines is Italian, and of course there’s much more to Italian
food than pizza. Trattoria Procaccini, replacing North End Bistro on Nassau Street near the Whole Earth Center, will be an authentic trattoria: offering a wider selection than an osteria, but not as formal as a ristorante. The menu of Trattoria Procaccini will feature garden-fresh soups and salads, the owner’s Mamma’s meatballs, papardelle Bolognese and cacio e pepe. Also new is Aurelio’s Cocina Latina on Leigh Avenue, in the former Café 44 space, serving cuisine from Mexico and Guatemala: pupusas, empanadas, tortas and tacos with your favorite fillings. At dinner there’s ceviche and Mariscada a la Mexicana with shrimp and mussels (not on the menu; be sure to request it). Aurelio’s is where you can fill your belly without spending a whole lot, though you can also spend more money by ordering some of the dishes that promise to feed five: Botana Mi Pueblo or Boquitas Chapinas, dinners of spicy pork loin, grilled sausage, chicken and beef, along with guacamole, refried beans, mole sauce, chips and cheese. And the pupusas and corn tortillas are gluten free, according to a server. Aurelio’s serves breakfast, lunch and dinner. Here you can have your huevos and eat it too— order the huevos “al gusto.” Go for the gusto!
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photography courtesy elements, princeton, mistral princeton.
7) Bison tartare. 8) Japanese Tai snapper sashimi with persimmon, green radish, celery, white soy. 9) Portuguese octopus, chickpeas, Merguez sausage, sweet peppers, green olive, sesame, harissa. 10) Speculoos mousse torte, milk & dark chocolate ganache, marshmallow cream, ginger-cardamom ice cream. 11) Pork belly Tteokbokki, Jersey rice dumplings, fermented radish and shiitake. 12) Roasted baby beets, sprouted quinoa, blueberries and smoked chevre dish.
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peacock inn images courtesy of jdk prophoto.
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