Articles With "Development" Tag

New Report Shows Economic Value of Green Building Certification

20bill

In a newly released working paper by John Quigley, Piet Eichholtz, and Nils Kok titled Doing Well by Doing Good? Green Office Buildings, the authors discuss the economic value of green building certification in the commercial sector.  They matched publicly available information on 694 certified green buildings (Energy Star and LEED) with 7489 other office buildings located within a quarter mile of the certified green buildings.  The research revealed systematic evidence that rents for green buildings are about 2% higher than rents for comparable buildings located nearby.  Effective rents, or those adjusted for the occupancy levels in the building, are about 6% higher in green buildings than in comparable office buildings nearby.  The authors deduce therefrom that at a generalized cap rate of 6%, conversion of a non-green building to an equivalent green building would add more than $5 million in market value.  Wow!

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Taliesin Green Prefab Prototype Now Taking Shape

Rendering

Since mid-January, Taliesin students have been blogging on PrairieMod about their project to build a small modern home on the grounds of Taliesin West.  The students, with Dean Victor Sidy and Jennifer Siegal of OMD, designed a simple but elegant home with sustainability in mind.  At first, they were going to prefabricate the structure, but later decided to go instead with on-site, panelized construction using SIPs for the walls, roof, and floor.  Now, the exterior is certainly taking shape and the interior will be finished throughout the summer.  When done, the structure will demonstrate passive and active environmental control systems, water catchment, top-tier insulation, a gray water system, native landscaping, and a solar power system.

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Seattle to Become Testbed for Green Prefab Apartments?

Inhabit Finished

Last October we blogged about the Inhabit prefab prototype built in Washington and designed by Mithun and Hybrid.  Since then, there hasn’t been much news about the prototype, except that the initial two units are for sale right now.  Now comes news, however, based on an article in The Seattle Times, that Unico Properties is planning to bring Inhabit to market in a legit, 62-unit apartment complex that includes a few live/work spaces.  The development is planned for a site on Dexter Avenue North above Lake Union.  Unico has been quiet about the project because the land is still under contract and the permitting process has just begun.  But long and short, Seattle is on the cusp of becoming a major demonstration city for green, prefab apartments in the U.S. — fantastic news for proponents of healthy, affordable, and stylish living spaces. 

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