I came across an interesting statistic (which will be obsolete in no time) about LEED certified office buildings. There are about 669 LEED certified office buildings, and of that number, only 38 are remodels. Why? When you have a building that’s occupied, how are you going do a green renovation without losing rents? Here’s one way. The former Union Bank of California Center, the 41-story, 34-year-old building owned by Beacon Capital Partners, is looking to be one of the few LEED-Existing Building (EB) certified structure in the United States. Because most of the leases are due to expire over the next five years, the company will be able to renovate as space opens up. They’ll shift tenants around until the building is complete.
This is about a $36 million remodel job. Green amenities will include the following: shaved columns for added light; automated artificial lights; recycled and recyclable carpet; no- or low-VOC paints; recycled metal in ceilings; new insulation in walls that were uninsulated; new high-efficiency heating and cooling systems; water-efficient bathroom fixtures; and runoff water landscaping.
Additionally, BCP started construction next door on a new, 24-story, 126-unit green condo tower at Fifth Avenue and Madison Street. The new building will be complete in 2008. BCP officials said they are seeking LEED Gold for both buildings. I must say that will be a powerful juxtaposition of the old and new: both environmental leaders in their own way (EB + NC). Via Seattle Post-Intelligencer + Emporis.
Article tags: Development, Green Business, residential