About one year ago yesterday, Hunt Consolidated Inc. broke ground on a new office tower, which borders on Akard Street and Woodall Rogers Freeway. You’ve probably seen it, it has massive cement beams curving on its northerly face. The building is being developed by Woodbine Development Corporation, which is partially owned somehow in the Hunt Consolidated Empire. I heard from a friend (hearsay, I know) that Chairman Ray Hunt, or some other c-level executive, was asked at a luncheon whether the building was going to be green and he equivocated saying something like, "Well, we’re not going to build green just to build green, but we’ll do it if there are tangible economic reasons to do it."
I did some research and it looks like Hunt Consolidated Office Tower is registered with the USGBC as LEED-CI v2.0, otherwise know as the green ratings standard for commercial interiors. If my understanding is correct, that building is to be 100% owner-occupied, so Hunt is going green inside? Not sure. Here’s what I know. It will be a $120 million, 400,000 square foot, 15 story building. Gensler, which is #2 in the US for having the largest number of LEED Accredited Professionals, will be doing the interiors. So they have the know-how to go green on the inside. The entire structure was designed by Dallas-based Beck Group and the general contractor is Austin Commercial. Looks like it may be going green, but if the decision is still in the air, here’s my two cents: what’s more economic incentive to build green than a $6.3 million tax abatement over 10 years? That abatement should cover the 1% premium (if that) required to go green.
Article tags: Development, Green Business