Increasing rental rates underlies the thinking behind redevelopment strategies, but maximizing efficiency contributes directly to ROI — that was one of the findings of a fascinating panel discussion that focused on the strategies that deliver the best risk-adjusted ROI in today’s market, during the Anchin Construction and Development Forum in New York City.
Although Mineola Public Schools completed two Energy Performance Projects (EPCs), the district had not succeeded in solving key problems. Students and teachers continued to complain about overheating, opening windows even on the coldest days to achieve comfortable classrooms. And maintenance costs were skyrocketing because of the burden of taking care of aging steam systems.
Mineola School District is using the IEPC approach to convert the steam distribution networks at Hampton Street School, Jackson Avenue School, and the Middle School to hot water networks. This is the first steam-to-hot-water (STHW) conversion project in a NYS school district through an EPC. A hot water network can perform the same heating functions as a steam network but is significantly more efficient and easier to control. Dr. Michael Nagler, Superintendent at Mineola Public Schools, spoke exclusively to Ecosystem’s Ahmed Ibrahim about this groundbreaking project.
Cost-effective upgrades, dramatic results: Olympic Park reduces operating costs by 30% and greenhouse gas emissions by 57%.
Technological advances have the potential to drive profitability in commercial real estate (CRE) operations, and the multifamily sector is starting to make choices among a range of available solutions. But managers and owners have to build tech strategies that balance innovation against client needs and the demand for meaningful efficiency improvements.
Montreal’s Olympic Park and Trois-Rivières University (UQTR) were both recipients of awards from the Association of Energy Engineers (AEE). Presented in October 2018 in conjunction with the World Energy Engineering Congress, these awards recognize excellence and innovation in energy projects. Ecosystem is proud to have contributed to these achievements.
Historically, steam has always been easier to produce than electricity — burning fuel to evaporate water is much simpler than exciting electrons. For this reason, most buildings built at the beginning of the 20th century were developed around steam distribution. Today, many university campuses are a testimony to this heritage.
Updated ENERGY STAR scores were released on August 26, after a long-overdue revision of the scoring baseline. For many real estate sectors, the current 2003 data set used for benchmarking was replaced by a 2012 set that reflects the fact that buildings have steadily become more energy efficient. For NYC buildings, the new scores are doubly significant. Local Law 33 mandates that the ENERGY STAR score will be the basis of the NYC letter grade, which will be posted by every entrance from 2020.
Les Cours Mont-Royal, an upscale shopping center in downtown Montreal, turned an asset renewal project into an opportunity to improve their financial, operational, and environmental performance. Their bold approach to upgrading their infrastructure was recently recognized with an Energia award from AQME, the Quebec Association for Energy Management.