G reen B uildings

Real Estate Journal — Green Buildings — June 22 - July 12, 2018 — 21B


M id A tlantic

CEAN CITY, MD — Global design firm Stantec has been Once complete, the 120-megawatt offshore SkipjackWind Farmwill serve the state’s Eastern Shore Stantec to lead environmental assessment for Deepwater Wind Project in Maryland O

35,000 Maryland homes. Stantec, which has a team based locally in Laurel, Maryland, along with tech- nical and regulatory experts along the East Coast, will lead a team of local biologists, engineers, marine archaeolo- gists, and other researchers to conduct extensive marine and environmental assess- ments. Stantec is supported by Maryland-based environ- mental firms to facilitate the project’s state and federal permitting efforts. “We are committed to sup- porting Deepwater Wind through a streamlined and thorough process in the as- sessment and permitting of

this milestone renewable en- ergy project,” said Diane Sul- livan , sector leader for Re- newable Energy at Stantec. “With the ongoing expansion of the off-shore wind energy sector along the East Coast, the Stantec team provides a unique set of skills and exper- tise to support clients in the planning and delivery of such complex energy generation projects. Stantec brings over 30 years’ experience in wind energy project development, permitting and marine sys- tems, coupled with a diverse local team of environmental specialists and scientists, to deliver comprehensive, tai- lored guidance and project

solutions.” Deepwater Wind has se- cured the rights to acquire the site’s federal lease, with the Maryland Public Service Commission designating the Skipjack Wind Farm a “Qualified Offshore Wind Project” in May 2017. With more than 22,000 employees, Stantec is ranked as a top ten global environ- mental firm and a top ten global design firm by Engi- neering News Record. The firm is also ranked as a top ten architecture firm by Ar- chitectural Record. Locally, Stantec has over 200 em- ployees in three offices across Maryland. Additionally,

Stantec’s 2,700-person mul- tidisciplinary environmental services team includes senior professionals located across more than 250 offices in North America who deliver local expertise supported by global perspectives. Stantec’s professional sci- entists and engineers provide in-depth technical expertise and regulatory knowledge. The environmental services team also includes Profes- sional Wetland Scientists, Professional Soil Scientists, Certified Wildlife Biologists, Coastal Resource Specialists, Certified Fisheries Biologists and Protected Species Ob- servers.  credits the city’s Historic Preservation Commissions for its efforts to preserve the city’s rich character. “Our shared goal was to lever- age this property’s poten- tial to achieve its best and highest next-generation use – while maintaining its his- toric charm,” he added. “Our lease to M&T Bank and rapid multifamily leasing progress indicates that we have done just that.” Projects like 162-166 Main St. are sparking new business and residential interest in downtown Paterson. “We’re thrilled to add our new branch to the multitude of other economic investments taking place in Paterson,” said M&T Bank Regional President for New Jersey Tom Comiskey. “Paterson is home to one of New Jersey’s most diverse communities, and we are excited for the opportunity to serve its residents and small businesses with our communi- ty-focused approach to doing business.” 162-166Main St. represents Paramount Assets’ fourth historic preservation adap- tive reuse in Paterson. Its other local properties include 199 Market St., 146 Main St. and 42 Broadway; the latter received a Historic Preserva- tion Award from the city. 

selected to l ead env i - ronmenta l assessment for the Skip- jack Wind F a rm , a n o f f s h o r e wind project being devel- oped by Deepwater Wind off the coast of Maryland. D e e p w a t e r W i n d ’ s 120-megawatt SkipjackWind Farm is Maryland’s first offshore wind farm, with the potential to deliver enough renewable energy to power PATERSON, NJ — The adaptive reuse of a downtown Paterson historic property is now complete, introducing renovated retail space and new multifamily product at 162-166 Main St. Para- mount Assets purchased this significant Silk City building in 2016 and worked closely with the Paterson Historic Preservation Commission in its redevelopment. Located on the corner of Van Houten St., the four-sto- ry structure formerly housed St.-level retail, with the upper floors serving as warehouse space. Totaling 16,000 s/f, the retail component has been renovated and is occupied by anM&T Bank branch – which opened this spring – and a long-time jeweler tenant. Paramount Assets con- verted the balance of the building into 12 luxury rental apartments, half of which have been pre-leased. The studio, one- and two-bed- room units feature hardwood floors and high-end kitchens with marble countertops and stainless-steel appliances. Paramount Assets replaced windows and re-roofed the structure at 162-166 Main St. while preserving the build- ing’s original features via the restoration of its brickwork, limestone trim and cornice. Diane Sullivan

Paramount Assets completes adaptive reuse in Paterson, NJ

162-166 Main St.

Economic Opportunity Act (NJEOA). This provided an incentive for development of the area and attracted Para- mount Assets to the project. Paterson was the one of the first eligible cities to receive state funds under the NJEOA. Historic Preservation Sparks New Business and Residential Interest At the same time, Dunn

The firm also installed a new elevator and egress staircase, high-efficiency HVAC and updated electrical service as part of the overall project. “Ultimately, we have taken a building with ‘good bones’ and positioned it to support the revitalization of down- town Paterson,” noted Par- amount Assets’ Richard Dunn , senior vice president.

“This city benefits from a forward-looking government committed to establishing a balanced mix of modern commercial, residential and recreational product to sup- port a 24/7 CBD.” The renovation was encour- aged by The City of Paterson, which worked to obtain funds for improvement in the neigh- borhood under the New Jersey

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