18B — October 30 - November 12, 2015 — Green Buildings — M id A tlantic
Real Estate Journal
www.marejournal.com
G reen B uildings
By Frank Romeo, Jr., Partner Engineering and Science, Inc. The sustainability aspect of adaptive reuse
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fore current energy efficiency codes were in place, sometimes simple fixes can restore the functionality and increase the energy savings with these large building systems. If you are retrofitting your building’s infrastructure, a simple tune up to get your systems back up and running effectively can pay for itself in one year. Easy Solutions with Quick Returns Some quick and easy sus- tainability upgrades with great ROI for adaptive reuse projects include switching existing light fixtures out for energy efficient LED lighting, using optimizing/program- mable building controls ceil- ing fans or installing low-flow fixtures. Building envelopes can be retrofitted with build- ing fabric, window shading/ glazing or air tightening mea- sures to greatly reduce the heating and cooling system demands. Funding and Incentives There are many sustain- ability incentives and funding opportunities available which can be utilized by developers, owners and investors. One funding source, dsireusa.org, lists over 2000 energy and sustainability grants, loans, and incentive programs by state and type, and also lists all of the regulatory policies for these improvements. In the state of New Jer- sey, public utility company, PSE&G, has created its own energy efficiency program which will benefit a variety of building types and customers who otherwise might not make the investment in energy effi- ciency measures due solely to the fact that they cannot afford the up-front costs, or the wait for ROI. The market demand for sus- tainably responsible space will continue to grow exponentially as more and more programs and incentives become avail- able for developers and own- ers. Greater tenant retention, the ability to demand higher rental rates and greater re- turn on assets and equity can all result from implementing sustainability measures in your adaptive reuse projects. Frank Romero, Jr. is principal of Partner Engi- neering and Science, Inc., a national engineering, environmental and energy consulting firm serving the commercial real estate industry. n
practice of adaptive reuse is not new, but as urban areas have seen a resurgence of interest and popularity, it has become necessary for developers, owners, and in- vestors to consider this as a viable option in order to get a foothold in these areas. While adaptive reuse is an attractive option due in part to the fact that it is generally a faster more cost effective way to get a ‘new’ building up and running, it also offers significant opportunities for energy efficiency and sustain- ability measures.
he demand for urban space is continuing to surge among this new
more sustainable quality than those that would be used for new construction. Operational Efficiency Over time, buildings are subject to performance deg- radations, changes in use, malfunctions or other system issues. As a result, these sys- tems experience deterioration in function, an inefficiency in operation or unacceptable thermal conditions, which can account for a significant amount of wasted energy consumption. Considering that many buildings being repurposed were built well be-
Materials and Energy Output
Sometimes the building with the best opportunity to be considered “green” is one that is already built. At the most basic level, adaptive reuse is the greatest example of the recycling culture. Materials like wood and metals can be preserved, energy and re- sources necessary to demolish the building, like manpower, fuels, and CO2 emissions, can be conserved and environ- mental disturbances can be avoided. In some cases, these materials may, be of a higher,
generation of consumers. Developers and building owners are continuing t o pu r s u e adaptive re- use oppor- tunities as a solution to
meet this demand and give new life to an ever-increasing inventory of abandoned and obsolescent structures. The Frank Romero, Jr.
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