Development Magazine Summer 2011

Development - Ownership

Strategically Green - Helping Small Developers Go Green

Small property owners rejoice! There’s a new sustainable building certification program in the works geared to the small commercial property market. Earth Advantage Institute (EAI) has introduced a third-party certification program for buildings between 10,000 and 70,000 square feet. “The system is complimentary to LEED but much more streamlined, cost-effective and locally appropriate,” says Brian Lynch, program manager.

There are five categories in the Earth Advantage Commercial program: Energy, Health, Water, Materials and Land. Project teams must meet base­line criteria across all categories to earn certification. The energy category was developed in conjunction with Energy Trust of Oregon which is of­fering cash incentives to projects that implement the package of specified energy-efficiency features.

In partnership with the Energy Trust of Oregon, EAI is currently piloting the program to test and refine its parameters. Property types include office, retail, schools and public assembly with others planned as the pilot ends in December 2011.

Earth Advantage Commercial elimi­nates the need for energy modeling by including a prescriptive or menu-like approach for energy efficiency. Each measure in the menu has been screened for cost effectiveness and efficacy so project teams know that the measures are good invest­ments for their projects. The program streamlines the documentation and administration process by leverag­ing procedures already required for other purposes (i.e., code compliance documentation for lighting). Rather than a documentation-based verifica­tion process, measures are verified in the field by Earth Advantage staff.

While the program is not yet national, program manager Brian Lynch noted that it will roll out regionally first before heading East. If opportu­nities arise in markets outside the Pacific Northwest, EAI would change course to accommodate the opportunity.

For More Information:

www.earthadvantage.org 

 

From the Archives: Development Ownership Articles from the Previous Issue

175-185 Wyman Street

175–185 Wyman Street – Renovation at Its Best 

Development isn’t on hiatus everywhere. Some areas have weathered the Great Recession better than others. In the suburbs of Waltham, Massachusetts, a two-building, Class A office complex at 175-185 Wyman Street was a recent addition to the office and technology-based area.

Contribution of Office, Industrial and Retail Development and Construction report cover

First Look - A Glass Half Full 

The national economy is now in the early stages of recovery from its longest and deepest recession since World War II. Now known as the Great Recession, the 2008-2009 recession started in December 2007 and ended in June 2009. During that period, from peak to trough, the economy declined by a total of 4.1 percent.