|NJ Commercial Developers Encouraged to Go Green|
December 7, 2007
Lance Miller, director of policy and planning for the New Jersey Board of Public Utilities, outlined the
board’s plan to reduce energy consumption in the state by 20 percent by 2020.
This will theoretically be achieved by legislating better building and appliance
standards, relying less on coal-based power imported from nearby states, and
using more renewable energy sources, such as wind power.
John Crandall, senior vice president of development with the Mack-Cali Realty
Corp., offered another assessment. He presented sobering statistics on just how
un-green New Jersey’s commercial real estate landscape really is.
Crandall used the U.S. Green Building Council’s Leadership in Energy and
Environment Design, or LEED, as a benchmark. The LEED system awards points for
features that promote conservation and good indoor air quality.
There are just 13 commercial office buildings in New Jersey that are certified
with the LEED program, and only one currently under construction. This may be
because of expense. Crandall said it can cost more than $1 per square foot for
an office building to earn LEED certification.
Richard Johnson, senior vice president of Cranbury-based Matrix Development
Group, told the developers in the audience that while LEED certification is "an
event, sustainability is a process," one that every developer should embrace.
Johnson said that there are many levels of LEED certification. Developers should
start small and aim first for lower levels of LEED, rather than getting
paralyzed by the more difficult process of winning gold or platinum
certification, he said.
Matrix develops and manages primarily industrial real estate. It will soon
implement pilot programs on its own buildings to test the viability of several
cost-saving measures, such as solar arrays on the roofs of large warehouses.
This may be the best way for developers to measure results themselves, and then
educate clients about the benefits, Johnson said.
Source: www.northjersey.com Author: James Quirk
SJP Properties New Commercial Construction Going Green: SJP Properties Chairman
& Founder Steven J. Pozycki announced the company will seek LEED certification
for its two Class-A office towers on both sides of the Hudson River - its
flagship 11 Times Square in New York City, which is currently under
construction, and Waterfront Corporate Center III in Hoboken, NJ. Leadership in
Energy and Environmental Design (LEED) certification from the U.S. Green
Building Council is the nationally accepted benchmark for the design,
construction and operation of high-performance green buildings.