Archive for the ‘Green Building’ Category

Rent Premium for Green Warehouses? It Depends on Local Politics

Wednesday, March 6th, 2013

A 2011 study on the political economy of “green” industrial warehouses found that local political ideology plays a role in rent and occupancy levels. The research was funded by NAIOP and looked at 20,000 industrial warehouse properties across the nation. The study authors found that the effect of environmental certification (such as LEED or Energy Star) on rents and occupancy for industrial warehouses was contingent upon local politics. “Green” certified warehouses in politically liberal areas received rent and occupancy premiums, renting for 10% more than their counterparts. However, environmentally certified warehouses in conservative-leaning areas rented for 20% lower and had 25% higher vacancy than non-certified competing properties in the same area.

The results suggest that environmental amenities in real estate are not valued solely for monetary factors, such as their impact on energy bills. Instead, green features in industrial warehouses appear to be valued (or not) just as much for political purposes, marketing, or other factors. The study also highlights the importance of knowing your market. The authors note that the pattern they found may not hold true in other real estate sectors, and that results might change over time as environmental certification programs grow in popularity.

Click here to view the study article in its entirety. 

Will Micro Apartments Go Macro?

Tuesday, August 14th, 2012

Several urban job centers have committed to building tiny, affordable housing units.

There is a new multi-family housing trend beginning to appear in some of the higher priced housing markets around the country.  Ultra small “mirco-apartments” are one answer that can make apartments affordable to young renters in these high priced areas.  Will this trend find it’s way to the Minneapolis / St. Paul Market?  This article by John Caulfield recently appeared in BUILDER

From: BUILDER 2012

By John Caulfield 

An 11,775-square-foot building with 23 micro apartments is being wedged onto a 3,750-square-foot lot between two other buildings in San Francisco’s SoMa district.

Construction has begun on an infill project at 38 Harriet Street in San Francisco that its developer, builder, and module supplier believe could determine whether micro apartments remain a highly publicized curiosity or are seen as legitimate housing alternatives for young urban professionals seeking cheaper, greener, and walkable living spaces.

“There are a lot of eyes on this project, a lot of interest,” says Naomi Porat, president and co-founder of Zeta Communities, whose factory in Sacramento, Calif., is close to completing the 12- by 65-foot modules that will be used to construct an 11,775-square-foot four-story wood-framed building squeezed onto a 3,750-square-foot lot in this city’s South of Market Street (SoMa) district. That building will contain 23 micro apartments measuring around 300 square feet each, with nine-foot ceilings, kitchens and baths, washers and dryers, and multipurpose built-ins for storage and workspaces that can convert to sleeping areas.

These apartments reflect a “Smart Space” concept that the project’s developer, Panoramic Interests, created with a team of architects and designers to address the needs of millenials poring into urban job centers where affordable housing is perennially in short supply.

“In San Francisco, 8,000 new tech workers have been hired this year alone,” says Patrick Kennedy, the owner of Panoramic Interests, to illustrate the potential demand for micro apartments. His firm test-drove its Smart Space design with a 160-square-foot prototype it built in a warehouse in Berkeley, Calif., and housed an MIT grad student for three weeks who provided feedback about what he thought did and didn’t work.

Kennedy told the San Francisco Chronicle that prospective residents of micro apartments are looking for a “launching space as they get established.” In an interview with Builder, he described micro apartments as “a return to more collaborative communal living.” He observed that millenials view apartments in the context of a lifestyle that is more socially and technologically defined. “They’ll trade 100 square feet of space for 100 more megabytes of Internet,” he quips.

And with monthly rents expected to start at $1,500 (with five of the 23 apartments being offered at a below-market rate of $910 per month), these micro apartments should be available for significantly less than the $2,000-plus per month an under-500-square-foot studio apartment fetches, on average, in San Francisco.

Read the entire article: http://www.builderonline.com/construction-trends/will-micro-apartments-go-macro-.aspx

John Caulfield is senior editor for Builder magazine.

 

The 300-square-foot apartments will feature 9-foot ceilings, kitchens and baths, storage, and flexible built-ins.

Panoramic Interests

These renderings show how renters can manipulate the space inside the apartments to turn a sleeping area into a work or eating space.

  • Panoramic InterestsLarge windows and high ceilings give these tiny spaces a more capacious feeling.

Anderson Student Center wins ‘LEED gold’ from Green Building Council

Thursday, August 2nd, 2012

This post is from the University of St. Thomas Bulletin Today.

The generous use of insulation was just one of many steps that led to gold-level LEED certification for the Anderson Student Center.

The University of St. Thomas’ new Anderson Student Center has been awarded Leadership in Energy and Environmental Design (LEED) gold certification by the U.S. Green Building Council.

The university in 2008 adopted a policy of pursuing green, sustainable and energy-efficient strategies for all new building projects; this marks the first time, however, that it submitted a building for LEED certification.

“I was absolutely thrilled to hear the news,” said Dr. Mary Ann Ryan, associate vice president for student affairs. “And I am still thrilled. It reflects the commitment that our campus community, and in particular our president, Father Dennis Dease, has to environmental sustainability.”

Dease, along with college and university presidents from across the country, in 2008 signed the American College and University Presidents’ Climate Commitment.

LEED certification is granted at four levels that vary based on the number of environmentally conscious efforts that go into a facility’s design and use. To earn one of the four levels of certification, a building is awarded points in each of six categories: sustainable sites, water efficiency, energy and atmosphere, materials and resources, indoor environmental quality, and innovation and design.

Gold is the second-highest of the four LEED certification levels. “As the design process progressed, we had an idea about how many points the Anderson Student Center would earn in each category,” Ryan explained. The university’s initial goal was silver. “As the building neared completion, we thought we’d be close to gold, but we could not be sure until we got the official word.”

(more…)

A Sense of Place: Spaces Designed For People

Monday, July 9th, 2012

This is a reposting of a blog entry that appeared recently on The Cornerstone Group blog(see link below).  It presents an interesting look at how project planners, architects, and developers can make cities a better place a better place to live.

http://www.tcgmn.com/blog/

Imagine a perfect day in your city or hometown.  What does it look like?  Where would you go?  How would you get there?  What would you do?  Who might you see along the way?

Place making, an evolving multi-disciplinary approach to planning, design, and management of public spaces, seeks to transform average spaces into high-quality places where people can relax, interact, collaborate, and participate.

After years of designing cities for the automobile, astute planners and developers are once again designing for people.

Cornerstone staff recently attended a Project for Public Spaces (PPS) event, where instructors gave participants insights about how great public spaces take shape.   

“Value created by the public realm will drive the success of a city.”

“How do we get from inadequate to extraordinary?”  The process starts with listening to the community, because neighborhood residents truly are the experts.  They know what is needed and what will or won’t work.

New York City has witnessed the redesign of several public spaces for greater pedestrian visibility and accessibility, which promotes increased activity and improves levels of public safety and comfort.  Setting back corners from the street edge, away from cars, can be an important aspect to the design.

Recognizing that cities and developers alike are strapped for cash, PPS advises for the “lighter, quicker, cheaper” approach.  Adding simple elements to plazas such as moveable furniture encourages people to customize a space for their specific use and group size, enabling collaboration.

Programming public spaces with a variety of activities from markets to fitness and games to performance arts and crafts
brings life to a place and attracts even more people to a neighborhood.  In New York City, Bryant Park was formerly home to several drug-dealing gangs and underwent a major renovation.  Committed to change, business owners supported redevelopment of the plaza through a special taxing district and created a more welcoming, accessible design, with the park booked morning, noon, and night with activities for all ages and cultural backgrounds.

Candy Chang, an artist and urban planner, recently spoke at the Walker Art Center and shared her vision for community spaces as inspiring places where citizens are both contemplative and engaged.  One of Chang’s most successful projects, a wall that encourages passerby’s to fill in the blank answering the question “Before I die I want to…” has expanded to cities on several continents.  A “Before I die” wall launched in Minneapolis in the Whittier neighborhood just hours before Chang’s arrival and was completely filled by eager citizens on the first day.

(more…)

The New Demographic (Hint: 10,000 Baby Boomers Retire Daily)

Friday, April 20th, 2012

10,000 Retiring Baby Boomers every day.  Every Day, for the next 20 years.  Locally and nationally, even globally, this is our new demographic normal – an aging population with fewer and what baby boomers would have you believe, “less talented” workers to replace them.

United States birth rate (births per 1000 population). The red segment from 1946 to 1964 is the postwar baby boom.

Bigger than huge, this is a monumental generational shift that will affect numerous aspects of our lives – opportunities, obligations, and financials.  State Economist, Dr. Stinson, recently spoke on the new normal in his Economic Outlook, noting  “As a significant portion of our [Minnesota's] population ages, there is not much in the way of labor force growth to replace these individuals.”

(more…)

Show off your Green! State Fair seeking applicants for 2012 Green Homes

Tuesday, February 14th, 2012

Green Building - Eco Experience - MN State Fair

The State Fair, Eco Experience, is currently seeking applicants (extended deadline of February 17) of qualified organizations and businesses “to conceptualize, design, produce and deconstruct” Green Homes at the 2012 Eco Experience exhibit.  The State Fair’s Eco Experience venue (a partnership between the Minnesota Pollution Control Agency’s (PCA) Green Building Program and the Minnesota State Fair) has drawn hundreds of government, businesses, green building professionals, non-profits, and thousands of Minnesotans since its first year in 2006.

“The exciting part of the Eco Experience is how different it can be every year. In 2012 we are hoping to create a green building exhibit that inspires action and leads people to resources that make their home improvements a reality. It’s a fun project that brings together creative professionals to work together in new ways.”  Britt Gangeness with Eco Experience at the PCA tells UST.  Further enticing to potential exhibitors, Gangeness  notes,  “you’ll be be at the Fair every day can eat fair food 12 days in a row!” (more…)

Dominium Embarks on Transformational Historic Rehab Projects

Friday, December 9th, 2011
pillsbury A Mill Stone Arch

The historic Pillsbury A-Mill site, as seen from the Stone Arch Bridge in Minneapolis

After 40 years of successful affordable housing development, Dominium’s growth is stronger than ever.  With 15,000 units owned in 21 states, the Plymouth-based company is not only committed to affordable housing, but it is also raising the bar for transformational historic projects in the Twin Cities and beyond.

Mark Moorhouse, Senior Vice President and Project Partner, revealed Dominium’s elaborate plans for its upcoming projects at the Buzza building in Uptown Minneapolis, the iconic Pillsbury A-Mill site on the riverfront in downtown Minneapolis, and the Schmidt Brewery in St. Paul.

Pillsbury A-Mill

Schaefer Richardson worked on a redevelopment plan for the site for nearly a decade but ultimately the project wasn’t feasible, especially for the proposed use of 1500 units, mostly condos.  Dominium is taking a more conservative approach by developing less units initially (250) and designating them as affordable artist lofts.  Moorhouse explains that neighborhood groups are more receptive to affordable artist housing than typical affordable housing, since artists are a special asset to the community.
(more…)

Designing and Managing Buildings to Encourage Sustainable Behavior

Wednesday, December 7th, 2011

As commercial real estate professionals we are all familiar with the concept of green building, designing a building recyclingto consume less natural resources and provide a healthier atmosphere for occupants and the community.  But the wild card has always been the building occupants – their attitudes, reactions, and daily habits shape the ultimate performance of a building, even if it’s engineered to the highest standards.

Christie Manning, a professor of Environmental Studies at Macalester College, with assistance from UST Psychology Professor Elise Amel conducted studies funded by the MnPCA (Minnesota Pollution Control Agency) to determine exactly what factors influence whether or not individuals choose sustainable behaviors (recycling, reducing energy consumption, biking to work, etc.)

What she found is that social cues play an important role in our emotional responses, which in turn dictate whether or not we will perform a specific behavior.  In other words, even though we may rationalize a decision one way (“Sure, I think recycling is important so that we can use less natural resources”), ultimately our behavior may not reflect that rationale (“I don’t want to wander around this convention hall with my Coke can searching for a recycling receptacle”).

(more…)

Location, Location, Location

Friday, November 25th, 2011

Whether you are looking for ways to position Minnesota as a good location to buy real estate or simply need a reminder of why we like living here next time it snows, the Greater MSP, the Minneapolis St. Paul Regional Economic Development Partnership website is a great resource. Not only do they put together videos about the highlights of the areas on their  YouTube channel, they provide statistics to backup why this is a great area to do business (location, transportation, financing & incentives, demographics, taxes, utilities, innovation, the economy), to live (education, cost of living, healthy lifestyles, philanthropy and volunteerism, sports and recreation, arts and culture, shopping and attractions) and workforce information (labor force statistics and projections, wages, employment by industry and occupation, colleges and universities.)

YouTube Preview Image

Just a few of the reasons Minnesota is a great place to live, go to school and do business:

  • #1 region to be an urban cyclist.  Bicycling Magazine
  • More golfers per capita than any other region in America.
  • Top 4 states for workforce quality. CEO Magazine
  • Among America’s top regions for brainpower. The Daily Beast, 2010
  • Where you can get a good cappuccino and eat Thai food yet live on a quiet tree-lined street with a backyard and send your kids to public school. Garrison Keillor (more…)

MSRE Development Students Analyze the Impacts of Sustainability

Monday, November 21st, 2011

Graduate stGreenLeavesudents in the Master of Science in Real Estate program have the opportunity to complete hands-on projects catered towards their individual interests in real estate throughout each semester.  In addition to compiling a development site plan for REAL 770, students in Dr. Tom Musil’s development class are researching and analyzing the effects of sustainability on the market and development trends.

Several students cited the recent study conducted by CB Richard Ellis and the Burnham-Moores Center for Real Estate at the University of San Diego.  The study which began in 2009, now in its 3rd phase, tracks a portion of CBRE’s portfolio, 150 office buildings, to report the impacts of sustainability measures, such as LEED certification, on building occupants, energy consumption, and NOI.  You can access information from these reports as well as read recaps of CBRE’s sustainability webinars here.

Greenbiz.com recently released its own report entitled “Green Building Market and Impact Report 2011,” available for download here.  Beyond LEED, students are looking at the impact of new technologies on commercial real estate and housing, including net-zero energy communities.