Saturday, May 5, 2012

Investor Requires Incorporation of Sustainable Features

Sustainability Desired:  Investor Fred Forgey is pleased that the Hogan Building Project is feasible.  However, he desires to have at least 3 sustainability features incorporated into the building before agreeing to move forward with the purchase.  This will require identifying sustainable features and completing a cost--benefit analysis of the incorporation of each into the Hogan Building.  This all begs the questions:  What is a Sustainable Commercial Building?

Photo: Green Building ProductsWhat is a Sustainable Commercial Building?:  A sustainable commercial building can be defined as a building with planning, design, construction, operation,and management practices that reduce the impact of development on the environment.  A sustainable commercial building is also economically viable, andpotentially enhances the social amenity of its occupants and community.

Sustainable Features:  There are many different sustainable features that can be incorporated into new and existing buildings.  These rangefrom energy efficient HVAC systems and window to waterless urinals, green roofs and interior lighting controls.  Any sustainable feature that may be incorporated into the Hogan Building will need to be evaluated, at a minimum, in the context of market and financial performance.  Subsequnet blog entries will identify and analyze 3 specific sustainable features: 1) Energy Efficient Windows; 2) Automatic Lighting Controls; and 3) Waterless Urinals.


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