Articles With "Development" Tag

Green Construction Starts Could Reach $140 Billion by 2013

20bill

Over the last month, I’ve seen several reports on green building, and we’ll try to address them all in due time.  With reports like this, though, we have to spread it out – this is geeky stuff, it’s not leisurely eye candy or anything like that.  But we like to follow the numbers in anticipation of future trends.  In that regard, the Green Outlook 2009: Trends Driving Change report by McGraw-Hill Construction has some interesting information.  According to the report, the value of green building construction starts was up five times from 2005 to 2008, with values escalating from $10 billion to $36-$49 billion.  Also, by analysis, the report estimates that construction starts could triple over the next five years and reach $96-$140 billion.

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Iconic Dubai Anara Tower Looking Forward to LEED Silver Certification

Anara Tower

Developer Tameer Holding has another iconic tower in the works for Dubai called Anara Tower.  Designed by Atkins, the 600 meter (~1969 feet) tower won’t be as tall as the world’s tallest tower, Burj Dubai, which is ~707 meter (~2,320 feet), but it’s not too far behind.  With 125 stories, Anara will have office space, 300 residential apartments, 250 hotel keys, and all sorts of other luxury amenities, such as pools, shops, and sky gardens every 27 floors. The design was inspired by the minaret, tall spires near Muslim mosques, with a purpose of being instantly recognizable worldwide. 

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California Finds the Missing Piece of the CO2 Emissions Puzzle

California Sprawl - SB375

This article was written by Charles Lockwood, a green real estate authority and consultant based in southern California and New York City.  His articles have appeared in the Harvard Business Review, New York Times, Wall Street Journal, and Barron’s.

California—the state that invented freeways and suburban sprawl—has become a trendsetter again, and not a moment too soon in our new age of global climate change.  In October 2008, California Governor Arnold Schwarzenegger signed into law SB375, which was supported by environmentalists, homebuilders, and cities and counties.  SB375 will limit the state’s CO2 emissions by curbing suburban sprawl and increasing transit-based development through various incentives. 

If a community plans walkable, mixed-use, transit-oriented growth that reduces automobile use and greenhouse gas emissions, for example, it gets moved to the front of the line for state and federal transportation funds.  If a proposed building is located near a transit line, it will have an easier environmental review process.  Why is SB375 important?

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