Printer Friendly
The Free Library
14,694,118 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Developers see the light.


Developers cultivating the large-scale, environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1]  buildings spurting up all over Manhattan may be tapping into more than one type of green.

"Green buildings," have become a strong enough recent trend in the past decade that developers are able to nourish deep-rooted desires to protect the environment, while charging rates of up to 20% higher than non-green buildings from buyers.

Douglas Durst, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of the Durst Organization, a pioneer in the development of green buildings, said that although rents are higher in The Helena, an energy-efficient condo complex his company opened in 2005, "We never have any trouble filling apartments in a building like that. Whenever an apartment becomes available, we rent it up almost immediately. We have a waiting list."

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 a recent survey by Mortgage Lenders Network, 94% of Americans also prefer to work in a building that is designed to be energy efficient and ecologically sound and employers and developers are now responding to that demand en masse en masse  
adv.
In one group or body; all together: The protesters marched en masse to the capitol.



[French : en, in + masse, mass.
.

The U.S. Green Building Council has seen its Leadership in Energy and Environmental Design The Leadership in Energy and Environmental Design (LEED) Green Building Rating System, developed by the U.S. Green Building Council, provides a suite of standards for environmentally sustainable construction.  (LEED) certifications for newly-constructed green buildings jump in the past three years by 150%, from 167 to 417.

The Council's LEED certification is the only national standard for developing high-performance, sustainable buildings and the industry rates itself according to the LEED system, usually striving for ratings of gold or silver from LEED.

LEED certified buildings are those that cut energy costs, eliminate waste, and mix green materials such as those that recycle old water into their building's systems. These could include anything from solar panels to bamboo floors, to rainwater storage tanks and lush grassy roofs.

In line with the national trend, the buildings are spurting like wildflowers across the city. There are currently at least seven large-scale green buildings in Manhattan, and many more in the pipeline.

The under-construction 1,540,000 s/f New York Times Building The New York Times Building is a skyscraper on the west side of Midtown Manhattan, New York that was completed in 2007. Its chief tenant is The New York Times Company, publisher of the The New York Times, The Boston Globe, the International Herald Tribune  on West 40th Street is a pioneering project that, among many innovative eco-friendly designs has a "sunscreen sunscreen /sun·screen/ (-skren) a substance applied to the skin to protect it from the effects of the sun's rays.

sun·screen
n.
" on the building's facade made of ceramic rods designed to absorb heat, thus reducing climate control costs in the building.

Durst's 4 Times Square was recognized as the first high-rise green office tower in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , according to Douglas Durst.

Trying to one up themselves, Durst broke ground on the 1.1 million s/f Bank of America Tower Bank of America Tower is the name of several buildings: United States
  • Bank of America Tower (Albuquerque) in New Mexico
  • Bank of America Tower (Boca Raton) in Florida
  • Bank of America Tower (Jacksonville) in Florida
 at One Bryant Park Bryant Park is a 9.603 acre (39,000 m²) public park located in the New York City borough of Manhattan. It is bounded by Fifth Avenue, Sixth Avenue, 40th Street and 42nd Street in Midtown Manhattan.[1] The central building of the New York Public Library is in the park. , set for completion in 2008. The building promises to be the largest, most advanced, environmentally responsible building in the world, according to Durst.

It will contain a thermal storage at the cellular level which produces ice at night when electricity rates are the lowest, green roofs, and a 95% air filtration system.

The most elaborate part of the setup will be a gray-water filtration system which captures and re-uses rain water and wastewater which is expected to save up to four million gallons of water per year. The building is expected to be completed in 2008.

Durst is just one developer who has found that, once he started, he couldn't stop building green. In addition to the BOA boa (bō`ə), name for live-bearing constrictor snakes of the family Boidae, found mostly in the Americas. This family, which also comprises the egg-laying pythons of the Old World, includes the largest of all snakes, as well as many smaller  building, the Durst Organization is currently building the condominium complex, Epic West, on 31st street, and a second-home community in upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. .

"These buildings endure and don't become obsolete, and it preserves the environment for future generations," he said. "We don't build any other way any more."

Many other companies have found this domino affect in their businesses. Carlton A. Brown, chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 at Full Spectrum, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, began the creation of the organization's new project, the Kalahari, a 250 unit condominium complex on 116th street, after creating several other green buildings in Harlem and working alongside other development corporations, such as the Albanese Organization, which built the Solaire, a 290-unit luxury rental building in Battery Park City.

"The US Green Building Council has been real active in trying to make sure that we are in dialogue with each other and that we learn from each other and from our past experiences," Brown said. "It is a good strategy for dealing with air quality in the city, particularly in areas like Harlem where you see health problems developing due to the air quality such as an elevated asthma rate."

Though Brown expects the high end of the mixed-income housing at the Kalahari will bring a 20% premium sales price above what other similar scale projects bring in, he is one developer who believes deeply that environmental benefits of green apartments appeal to people at a deeper level.

"As a city, as a community, as a country we have to consider leaving a smaller environmental footprint in the sand," Brown said.

"A lot of people don't feel they have a choice but to leave a big footprint. And this kind of building offers people a choice."

The trend toward building green comes as no surprise to Jim Smith, senior director of real estate and facilities at Mortgage Lenders Network who is spearheading construction efforts for MLN's $75 million eco-friendly headquarters in Wallingford, CT, with an eye toward earning LEED certification.

But Smith said MLN's green building strategy is about more than just keeping employees happy and healthy.

"MLN MLN Million
MLN Modern Language Notes (literary journal)
MLN Management & Leadership Network (Northern Ireland)
MLN Missouri League for Nursing
MLN Main Listed Number
 is looking beyond the common benefits of green buildings--employee retention, fewer illnesses and increased productivity--and seeking to influence employees and customers to live and build green in order to increase environmental sustainability," said Smith. "Energy independence is the first step toward financial independence. A greater reliance on sustainable resources will help pave the way."

One example of MLN's drive toward energy efficiency is The Founder's Cottage at its new headquarters which will feature technology allowing it to produce as much energy as it uses through solar panels and hydraulic power.
COPYRIGHT 2006 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Author:Wolffe, Danielle
Publication:Real Estate Weekly
Date:Aug 30, 2006
Words:953
Previous Article:CoreNet forum puts the focus on pandemic planning.
Next Article:No big secret to reducing costs.
Topics:



Related Articles
Broker finds support for better lighting plan. (real estate broker Frederick A. Smith of Cushman and Wakefield Inc. receives backing from building...
Developers may have to build anti-crime features.
Pepsi challenge to New York: Keeping its sign on East River.(Brief Article)
Palmdale's Granite Heights Development Sells Quickly.(Granite Homes)(Brief Article)
Boom times in Brooklyn.(Brief Article)(Statistical Data Included)
Light Bridges gets green light. (Residential).(condominiums for Brooklyn's DUMBO area)(Brief Article)
Large shopping center gives new outlook to city's retail. (Spotlight on Glendora).(Glendora Marketplace)(Brief Article)
Valley developers shed light on hurdles to housing.(Real Estate)
Pre-builts leasing fast in four Rudin buildings.(Property Management)(Brief Article)
Lefrak light show gives New Yorkers an eyeful.(Lefrak Organization Inc.'s new building)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles