Articles With "Development" Tag

Dallas' Commerce Street Townhomes Receives Design Award

Commerce_street_front Local Dallas architect, Ron Wommack, received a 2006 Texas Society of Architects Design Award for his work on the Commerce Street Townhomes in east Dallas.  Actually, the site is located on a previously abandoned site, which was the industrial/manufacturing area east of downtown Dallas.  The neighborhood is gradually being renovated and transformed into residential living spaces.  With this project, one of the architect’s goals was to create a place that carried the baggage of location’s industrial past, so the design incorporates materials such as concrete blocks, metal, and wood (in the right colors).  I asked the architect about some of the sustainable features and wanted to relay those to the Jetson Green readership. 

Commerce_street_room_kitchen Commerce_street_bedroom

First, the buildling was designed to utilize natural light and shading (passive solar design), which is especially apparent in the trellised roof deck and the living room clerestory.  Second, you’ll notice, that the roof trellises were made with chain-link fence post pipe, which is easy to recycle and extremely low maintenance.  We’re thinking about the life cycle of the product here.  Third, the metal skins adjust quickly with the temperature changes.  And last, they used an HVAC system with a higher SEER rating (Seasonal Energy-Efficiency Rating – the higher the better…generally speaking, if you spend about $360 annually on AC with a 10-SEER, a move to the 16-SEER will save you $135 a year or so).  So, we’re seeing a little bit of green incorporated in the design, and the place is extremely striking, too.  Projects like this will help move Dallas forward into greener pastures of residential building. 

Commerce_st_condos_6 Commerce_street_roof_loft Commerce_street_roof

Extra Links:
Ron Wommack Website
Texas Society of Architects Award Article [Texas Architect]

Hines CalPERS Green Development Fund (HCG) Created with +$120 M Equity Investment

Calpine_center_city_foreground_lres_web In case you haven’t noticed, Hines is one of those smart real estate companies that is leading the way in sustainable real estate.  They’re committed to sustainable building and I recently blogged a quote from Hines Chairman + Founder Mr. Gerald D. Hines where he said "sustainability has become a key component of development."  Well, it looks like they’re throwing more money at that philosophy, and I think this press release should be a wake up call to all those developers out there that are just throwing up non-green buildings, willy nilly. 

Hines announced the closing of a Hines CalPERS Green Development Fund (HCG), which is capitalized with +$120 Million.  This equity investment will allow the development of more than $500 M in high performance, sustainable office buildings throughout the United States, certified through the LEED-CS (Leadership in Energy and Environmental Design Core and Shell Program).  What’s even more significant than the amount of money that will be invested in green building development, is the fact that CalPERS is the nation’s largest pension fund.  This is really going to accelerate the tipping point in green development because CalPERS is such a huge player.

Hines Senior VP and fund manager said, "We have long tried to persuade tenants that there are significant bottom-line benefits to sustainable development and build out. Fortunately, the green movement is gaining steam as the public become more conscious of its benefits.  The real estate industry is finally ready for green."  I couldn’t agree more.  If you can’t tell, this is a big damn deal. 

Extra Links:
Hines Press Release [September 27, 2006]
Hines Official Website
CalPERS Official Website

Green Valley Lofts Raise the Bar for Innovative Mixed Use, Sustainable Development

Building_rendering_1 There really, actually, truly, factually, legitimately is a growing interest in living in more environmentally sensitive buildings.  Even still, whether you’re looking for a single family home, urban townhome, downtown loft, or warehouse loft, the players in the green development field are few and far between (but increasing).  I noticed an interesting developer that is building the "first ‘zero energy’ sustainable mixed-use building in Las Vegas."  This green development, called the Green Valley Lofts, is minutes from the Vegas strip and neighbors all the urban amenities one could ask for (gym, restaurants, banks, dry cleaner, car wash, etc.).  It’s lined to be LEED Certified, too. 

Green Features:
The building will have a stainless steel substructure with floor to ceiling Heat-Mirror insulated glass (benefits include improved interior comfortability, reduced fabric fading, and maximum noise control), aka the EAG Facade.  Also there’s a rooftop solar-photovoltaic system, energy-efficient (non-ozone depleting) closet-type water source HVAC system, low wattage lighting, Energy Star appliances, tankless water heaters, eco-space elevator, whole house central water filtration system, programmable thermostats, zero- to low-VOC non-toxic paints, and bamboo flooring.  The company has a nice description of the benefits of these green features online. 

The interior will include all the amenities that a modernist would desire:  imported Italian kitchens, recycled glass countertops, bamboo flooring, remote controlled window shades, and the whole house lighting system.  Note, some of these features are greener than others.  There’s a glass enclosed roof-top spa as well. 

Loft_interior Loft_bathroom Loft_balcony

As far as pricing is concerned, these lofts aren’t cheap, but that’s understandable because they aren’t built to be cheap.  Phase 1 prices seem to range from the low $400s to $1.1 million.  And some of the financial incentives that they offer include the popular energy efficient mortgage, the Nevada Power Solar Rebate Program, the usual Federal + State renewable energy tax incentives, and any other energy tax incentives.  What’s better, there will be an raffle and one lucky owner will receive the New 2007 Toyota Camry Hybrid.  Nice business model guys, really. 

Extra Links:
Green Valley Lofts [official website]
EAG Facade [Euro-American Glazing]

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