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Real Estate Repositioning Event Information Resources

Readers are encouraged to explore these web sites, some of which contain links to yet more information.

Empire State Building Sustainability - This site's content includes a video and links to other valuable resources (scroll down the right-hand column). Clicking is richly rewarded. In particular see Tools, which offers design, rating, and decision-making tools that can be applied to other retrofit projects.

Make Your Buildings Work - This Johnson Controls web site offers comprehensive information about improving building performance. It includes a video that features the Empire State Building retrofit.

Vornado Energy Information Portal for Tenants - In 2009 Vornado rolled out this web-based tool that gives sub-metered tenants access to their electricity bills and their energy usage profiles and data. It's designed to help them identify and change wasteful energy practices, cut their electricity costs, and become more energy efficient.

Natural Resources Defense Council - Center for Market Innovation. The Center "works to harness the power of markets to create positive and profitable environmental change." Tony Malkin is a member of its Advisory Council.

New York State Energy Research Administration (NYSERDA) - See its Focus on Commercial Real Estate, which includes information on incentives, and information on residential real estate.

Greener, Greater Buildings Plan - In December 2009, the NYC Council passed the legislative components of a six-part plan (download it here: Greener, Greater Buildings Plan), which requires ongoing efficiency improvements in existing large buildings. Those buildings now consume nearly half the energy consumed in the city. By 2030 existing buildings may consume 85 percent. The components are these:

  1. New York City Energy Code
    Read Intro 0564-A or Download pdf logo
  2. Lighting Upgrades and Sub-Metering
    Read Intro 0973 or Download pdf logo
  3. Benchmarking
    Read Intro 0476-A or Download pdf logo
  4. Audits and Retro-commissioning
    Read Intro 0967 or Download pdf logo
  5. Green Workforce Development Training
    Learn more or Download pdf logo
  6. Green Building Financing
    Learn more or Download pdf logo

Urban Green Council - Green Codes Task Force Events. Urban Green, the NYC chapter of the US Green Building Council, has been offering educational programs on the details of the NYC Green Codes Task Force report.

Developers See New Value in Old Steel - This interesting April 6, 2010, New York Times article says,

As commercial real estate development nearly comes to a halt in the economic downturn, some well-capitalized investors are focusing instead on sprucing up existing properties. The process has various names: retrofitting, renovating, repurposing, even repositioning . . . the underlying idea is to wring out more value at a time when rents will not support new construction.

It reports that the architectural firm of Kohn Pedersen Fox (KPF) has completed designs for dozens of rehabilitation, renovation, and expansion projects that

. . . may range from simply redesigning the lobby and upgrading elevators to stripping a building down to the frame and replacing almost everything but the foundation.

Exciting possibilities!