The results of the first systematic study of green buildings are in and they look good! Specifically, the study filtered sample data to Class A office buildings larger than 200,000 sf, 5 stories or more, built since 1970, and multi- tenanted. To compare green versus non-green, they used Energy Star and non-Energy Star buildings, and therefore, the sample contained 223 Energy Star buildings (111.7 million square feet) and 2,077 non-Energy Star buildings (889.1 million square feet). The results: (1) HIGHER occupancy rates, (2) HIGHER rental rates, and (3) HIGHER sales prices psf for Energy Star buildings.
If this project doesn't exhibit the power of celebrity, I don't know what does. Brad Pitt has been able to bring serious innovation to the Lower Ninth Ward — this cool concept is becoming a serious reality. The Make It Right Project involves some of the most talented architects in the country, and they're building low-income, high-design, sustainable homes. It's incredible.
Today, actually within the last couple hours, Brad Pitt announced more specific plans and designs for his Make It Right NOLA project. Last night, I was looking at their website, but it didn’t have any new announcements. Today, their site is redesigned with all sorts of information. More information to come later tonight, but make sure to sponsor a home and check out the Pink Project. Also, check out this N.Y.Times story on the announcement.