Telus Tower of Toronto (S2)

Telus Tower Telus Tower is going to be one of the first new towers constructed in Toronto in a long time.  It could also be one of the most technologically advanced towers in Canada.  Using the LEED certification system as a guideline for design, the Telus Tower will pursue Silver level certification.  It’s expected to cost about $250 M to build, with about 30 stories comprising 780,000 sf of office space.  Telus will occupy about 60% of the building when it is completed by the beginning of 2009. 

In addition to the LEED elements, Telus Tower is going to be a showcase of "Future Friendly™" Technology in both building automation systems and tenant environments.  This will include floor-to-ceiling windows, raised floors for underfloor distribution of hot/cool air, and state-of-the-art communications cabling and electrical power. 

Good Links:
++Telus Announces New Office Development in Toronto [Telus]
++New Towers Paint the Town Green [thestar.com]
++Toronto Downtown Towers Going Green [treehugger]

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07.07.2007 – Thoughts on Live Earth, John Mayer + David de Rothschild

Live Earth Global Warming Survival Handbook Unless you’re completely oblivious to what’s happening on Earth, you know there’s a world full of concerts going on.  Live Earth.  With some things, I like to exercise a modicum of skepticism to make sure I know my feelings on the issue.  I was slow to come around to Live Earth.  I mean, I love a good concert.  I’ve seen DMB in concert multiple times.  I respect many of these artists for their tireless contribution to musicality.  But, I popped open the Live Earth Global Warming Handbook and here’s Tip #45: Take a Bath Together.  How am I supposed to take this book seriously?  What is this, some silly excuse to get it on?  Well, I kept reading.  Tip #45 talked about low-flow toilets and a future world with water shortages.  Water heating can take up to 25% of a home’s energy use.  I decided I should change my attitude and bought the book.  To take the words of one of the greatest musicians (and I mean musicality when I say that), John Mayer:

To the journalists who will lay in wait for the perfectly maligned moment of hypocrisy, you will probably find one if that’s how you want to spend your time. Just use this as a measuring stick; give Live Earth’s initiative at least as much benefit of the doubt as you’ve given to the iPhone, or a new Radiohead album…Sure, if I wanted to be cynical, I could pose the question as to what happens if the biggest concert on Earth takes place only to hear the world respond with a resounding "that’s nice, but have you seen the cat that plays piano on YouTube?" But all I feel going into Saturday afternoon is hope. And lots of it.

Point well taken.  I’m watching Live Earth highlights of what looks like Foo Fighters, Smashing Pumpkins, Ludacris, Jack Johnson, and maybe the Pussycat Dolls?  I’m also thinking this event should raise the world’s awareness of the low hanging environmental fruit.  Plastic bags, CFLs, Junk Mail, etc.  I’ve spent the last 2-3 hours reading through David de Rothschild’s Global Warming Handbook and there’s some good leads here.  Here’s some content relevant to the scope of Jetson Green,

Good Links:
++The 10 Easiest Ways to Green Your Home [MSN RE]
++Re-Thinking Energy in Homes [Live Earth Green]
++Green Construction Saves Money and Earth [MSNBC]

Smart Growth, Valuable Green Ideas, Energy Efficiency Investments + Affordable Green Developments (WIR)

Week in Review
  1. Boston suburbs urged to adhere to smart growth principles or face the loss of open space and dwindling water resources. 
  2. There’s money to be made in green ideas; the business landscaped has changed from risk management to chasing revenue growth opportunities. 
  3. Businesses are investing in energy efficient measures for the main purpose of decreasing rising energy costs. 
  4. Enterprise Green Communities continues support for green buildings by handing out four grants of $70,000 to Los Angeles-based affordable housing developers. 

MiniHome: Ultimate Sustainable Mobility

Sustain Minihome

This is the Sustain Minihome, a green, urban RV for the modern-day recreationists.  When you see this, you won’t believe how much functionality and comfort can go into a mere 325 sf.  To get the real feel of it, go check out the HGTV video of Andy Thomson’s miniHome (the designer).  Nice.  I’m pretty sure this is going on the Christmas wish list.

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The Greenest Home in San Francisco – Clipper House by LORAX Development

The Greenest Home in San Francisco - The Clipper House

I read an excellent article about San Francisco’s Clipper House by LORAX Development in Solar Today magazine and wanted to share some info about it.  The Clipper House has become a showcase for residential sustainable features, basically showing off everything but the financial case for green building.  The 2,600 sf home was designed by John Maniscalco/Architecture, Inc., and was completed in the summer of 2006.  For a cool $1.9 M, you could probably purchase this incredible home–often referred to as the Greenest Home in San Francisco. 

If you do, here’s what you’re going to get:  1.7 kw DC photovoltaic array with BP Solar panels installed by SolarCity (total cost $16,700, net AR $11,543); 64 sf of solar thermal glazed collectors by Heliodyne ($6,750); warmboard radiant heating system using PEX tubing ($50,000); rainwater-catchment system by Wonderwater Inc. ($25,000); hemp carpets colored with vegetable dyes; low-VOC paints and caulks throughout; energy-efficient windows and doors; hardwood floors made from 100-yr-old TerraMai railroad ties from Southeast Asia; FSC-certified kitchen cabinets; Richlite kitchen counters made from recycled paper products; recycled blue jean insulation by Bonded Logic; 50-year warranty James Hardie fiber-cement siding made partially with fly ash; and recycled plastic and wood Trex composite decking.  The Clipper House certainly prioritizes energy-efficiency, properly sourced sustainable materials, and indoor air quality.  Real nice. 

Good Links:
++Pushing Boundaries, Advancing a Market [Solar Today]
++520 Clipper in Noe Valley: Smart, Green, Luxe [LORAX - PDF]
++Clipper Street Green Home Facts & Images [LORAX]

Finding Equity Partners + Green Development

Green Equity Partners

UPDATE: 4/27/08 – the market has changed substantially since writing this article and some of the green funds I was in touch with are no longer looking for deals. 

Hey green developers, I’m not sure what stage of planning you’re in and whether you’ve completely figured out your capital stack, but I have some information that may be of assistance in finding a good equity partner.  Feel free to shoot me an email at jetsongreen at yahoo.com, and I can get back to you.  In your email, let me know the company you’re with and some quick details about the green project you are planning.  I may be able to help developers with the following general characteristics:

  • Experienced developer of LEED or other third-party green certified real estate assets;
  • A reputation for quality and excellence in development;
  • Track record of handling projects averaging $50-$75M or more;
  • Looking for equity financing for a green development in any real estate product type.

I’m not promising anything, I’m just saying, depending on your situation, I may have information on a good source for equity capital from people that know green development. 

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