Previously, I wrote about Greenbridge Developments, which is a mixed-use development in North Carolina expected to receive LEED Gold certification. This development is an incredible example of the business case for green building. They haven’t even broken ground on the development yet, but it’s 2/3 sold out. Here’s the math. There are about 99 units planned at an average price of $650,000 each (not averaging in revenues from the retail space). Wait, is that right? 66 units x $650,000 = $42.9 million? Wow. I’d like to see the estimated cost of construction because these numbers are incredible (again, without even factoring in retail revenues).
Business 2.0 and Erick Schonfeld have produced a video on Greenbridge Developments talking about low-carbon building materials, solar power, C2C, etc. The video is part of the New Disruptors video series available on iTunes. You can also view this episode online here.Development, Green Business, residential, video