32B — September 29 - October 12, 2017 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal


O wners , D evelopers & M anagers

Scheduled to be completed in Fall, 2018 DMG Investments announces One Park in Cliffside Park tops out on NJ’s Palisades Cliffs C

LIFFSIDE PARK, NJ — DMG Investments announced that One Park has “topped out” on New Jersey’s Palisades cliffs. The upscale condominium build- ing rising in Bergen County’s Cliffside Park has reached its 14-story pinnacle high above the Hudson River waterfront with panoramic views of the Manhattan skyline. The building is scheduled to be completed in fall, 2018. “This is one of the most unique sites along the New Jersey Gold Coast as our cliff- top location provides an inher- ent advantage to maximize

One Park

One Park interior

our natural surroundings and dramatic views that span the Hudson River and New York

City skyline,” said Jacky He , executive vice president of DMG Investments. “We’re de-

lighted to now be one step closer to realizing our vision for this iconic development.”

life the LED products. In terms of initiating your own LED retrofit project, it is our recommendation to start with a model. For this model or projection, you will need an accurate measure of your existing lighting costs, includ- ing an¬nual electric consump- tion, purchase costs for lamp replacement products as well as maintenance costs for lamp replacements. This is the “be- fore” – your benchmark to measure the cost effectiveness of any proposed LED retrofit plan. For the “after,” you will need the specifics of the LED products selected to determine your “installed” cost as well as related ongoing expenses in order to develop your payback calculations as well as your “return” on project investment. In general we would recom- mend that you work with a consultant with the capacity to model lighting projects to get a realis- tic handle on your costs. If your consultant has the capacity to provide a turnkey installation, including sourcing product as well as installation, all the better. Make sure that you install a sam¬ple of each LED product that you plan to incorporate in your retrofit. These samples should be installed in the same locations where the final instal- lation will take place. There is a range of quality lighting products with different lumens and color. Make sure your final selection is the optimal choice for its installed location. George Crawford is the principal of Green Partners in New York, NY. n ByGeorgeCrawford, Green Partners continued from page 29B Designed by Architectura, One Park boasts a glass curtain wall and private outdoor space for every home. n

Joe Nassib

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