Our developments deliver not only on what our partners require right now, but on their vision for years down the line. We look at every project with a long-term view, and build relationships that last for the long haul.
We strive to reduce our energy footprint across all of our properties. And we understand that incorporating energy efficiency measures into both our operating properties and new developments means long-term benefits - not only for our business, but for our residents and communities as well.
During the planning, design, and construction phases of our 7575 Town Center property in Central Park Denver, we partnered with Xcel Energy and their Energy Design Assistance (EDA) program, as well as Denver-based energy consultant Group 14 Engineering to evaluate and select ideal energy conservation strategies for the property.
After careful consideration, we added double-paned, low-emissivity windows, energy efficient lighting, hot water fixtures, and Energy Star appliances in both common areas and residential units throughout the 7575.
Once construction was finished, the second phase of the EDA program commenced. During the post-construction phase, Group 14 Engineering performed measurement and verification activities to confirm the installation and operation of the final design’s energy conservation strategies. The energy efficiency savings were calculated and compared to the energy consumption of the baseline design. After this calculation, we were thrilled to have an annual energy cost savings of $99,185 for the development. Based on these energy savings, we qualified under the EDA program for an energy efficiency incentive rebate from Xcel Energy. Finally, in recognition of this work, 7575 Town Center was awarded LEED Silver certification in 2019.
annual energy savings
LEED Silver certification
energy rebates for the property
While we were thrilled with the outcome of our initial energy reduction strategy, we also focus on ways to continuously improve our property going forward.
For example, to reduce energy consumption, all new developments must meet or exceed state and local building code levels for thermal insulation. We also evaluate every property for the installation of renewable power, and where solar access is deemed sufficient, roof-top designs must incorporate infrastructure to facilitate potential installation of solar panels. Finally, keeping an eye toward emerging energy reduction trends, we have mandated that all new multifamily developments must install EV charging stations for two percent of all parking spaces and have the infrastructure to facilitate the potential installation of EV charging stations for six percent of the remaining spaces.