June 25, 2008
| Seattle real estate company says customers willing to pay up to 25% more for LEED condos |
| Windemere Real Estate Wall Street - June 19 |
Seattle's Windemere real estate blog reported that the new generation of buyers are demanding green built features when shopping for their first home, even though it can cost them up to 25% more. Even though builders are now being forced to make the additional up front investment in construction costs (averaging 2%), they will eventually yield over 10 times that amount over the life cycle of the building. Additionally, developers receive additional incentives from state/local government that help boost press and public interest. |
|
Notable green building projects... The Irvine office of Hines, the international real estate firm, announced today that 2211 Michelson is the first building in California and on the West Coast to be certified for Silver status in the Leadership in Energy and Environmental Design Core & Shell (LEED-CS) development program, which is sponsored by the U.S. Green Building Council (USGBC). The 12-story, 266,605-square-foot office tower is strategically located in the heart of the Irvine Business Complex, two blocks east of John Wayne Airport. Green, Greener, Greenest: Gerding Edlen Announces First LEED Platinum Certified Condo in the U.S. Gerding Edlen Development, has another landmark first to add to its mantel of awards. The Portland-based developer, and finalist for the new downtown San Diego Civic Center, announced that its project, The Casey, is the first condominium in the country to be certified Leadership in Energy and Environmental Design (LEED) Platinum - the highest standard of green building designated by the U.S. Green Building Council. Located in the heart of Portland, Oregon's Pearl District, The Casey combines a full slate of leading-edge green features with exceptional architecture and luxury design. Phoenix Convention Center receives LEED silver for its 157,000 square feet addition The U.S. Green Building Council awarded a silver certification to the Phoenix Convention Center for its West Building, a 2006 addition with 157,000 square feet of meeting and exhibition space. The West Building is part of the $600 million expansion of the Phoenix Convention Center. The final phase of the project, the North Building, is expected to open to the public in January 2009. University of Iowa's public health building seeks LEED silver The University of Iowa's (UI) College of Public Health intends to achieve Silver-level certification. It will be the first LEED-certified academic building on the UI campus. Construction of the facility is scheduled to begin in the spring of 2008, with project completion by late 2010. IBM to build $75 million "largest green data center" in Canada IBM has signed an agreement to build a $75 million, 150,000 square foot "green" data center in British Columbia. The new facility called gigaCENTER Services Corp will be among the most efficient and "greenest" large-scale data centers in Canada. When completed, the facility will support 70,000 square feet of raised-floor data center space and create jobs for up to 100 employees. |
