Wachovia to Build 300 Green Bank Centers by 2010

Wachovia

This is a pretty huge announcement.  The financial case for green building is so compelling that we occasionally see companies making the green change cold turkey saying, "Everything from now on will be green."  That’s what Wachovia is doing.  First comes news that Wachovia will take space in the Charlotte, N.C, green tower designed by TVS architects.  Now, we have an announcement that starting in 2008, all bank branch construction will be according to LEED specifications.  With major expansions expected in California and Texas, we’re talking about 300 green bank centers.  Here’s the incredible part.  Wachovia has determined that each green building will save the company about $80,000 in construction costs and 20% in operating costs, when compared to a traditionally constructed branch.  Additionally, when leasing new space in the future, Wachovia has committed to take on space certified under the LEED for Commercial Interiors program.  The company is currently studying ways to retrofit existing branches in a green way.   

In addition to using about 20% less energy and 25% less water, these healthier buildings should increase worker productivity and have better indoor air quality.  Wachovia plans to roll out its recycling program for paper, plastics, aluminum, and glass.  Also, branches will feature preferred parking for low-emitting vehicles.  Move Hummer, get out the wayVia


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