G reen B uildings
M id A tlantic Real Estate Journal — Green Buildings — July 28 - August 10, 2017 — 23B
13-Story residential building officially opens in the historic Journal Square Neighborhood Hartz Mountain & Panepinto Props. celebrate grand opening of LEED Silver designed building J
ERSEY CITY, NJ — With the cut of a ceremonial ribbon, 3 Journal Square Apar tment s o f f i c ial l y opened today in Jersey City, a milestone moment touted by City officials and business leaders as the latest sign of the remarkable renaissance un- derway in the historic Journal Square neighborhood. The new 13-story building located just steps from the Journal Square Transportation Center opens with an impres- sive 160 of the 240 apartments already leased since pre-leasing started in late March, according to joint-venture partners Hartz Mountain Industries and Panepinto Properties , two prominent development com- panies that have helped shape the Jersey City landscape with signature residential and com- mercial projects. More than 40% of the building is occupied.
Jersey City Mayor Steven Fu- lop. “Today, you see massive change and what we’re most proud of is what’s happening in Journal Square. Four years ago, we started to talk about ways to incentivize develop- ment away from the waterfront. It was really our primary objec- tive to bridge the gap between communities. When you look forward just a few years from now, Journal Square will once again become the center of Jer- sey City. This is another step in that direction.” Designed by MarchettoHig- gins Stieve , the LEED Silver- designed building’s grey and black exterior was created to add a stylish and modern land- mark to the Journal Square streetscape. “With 3 Journal Square, we’ve introduced a new luxury residential option to a neigh- borhood that is rich in history try toward improving building operating performance and enhancing building quality is hard to derail,” said Dr. Nils Kok, associate professor at Maastricht University. A feature again this year is a geographic mapping platform that highlights the name, loca- tion and details of the specific green certification for each building in all 30 markets. The Philadelphia market extends to the Lehigh Valley and also includes Delaware and South Jersey. Again executed in close col- Philadelphia, PA — Manko, Gold, Katcher & Fox attorneys Bryan Franey and Stephen Daly presented “Putting Your Best Face For- ward: Managing Your Social Media Presence” at the 9th Annual Oil & Gas Law Col- loquium on the afternoon of Wednesday, June 21. The programwas presented by the Pennsylvania Bar Institute at the Doubletree Pittsburgh- Meadowlands in Washington,
and culture, and clearly on the move,” said Gus Milano, presi- dent and COO of Hartz Moun- tain Industries. “There’s an atmosphere here that appeals to a cross section of people, and we’ve enhanced that with a building that promotes a mod- ern living experience.” “We are very excited about this project and its ability to serve residents looking for quality and value,” added Jo- seph Panepinto , president and CEO of Panepinto Proper- ties. “Journal Square, which has been the historic heart of Jersey City, is experiencing explosive growth. Strategically and easily accessible by rail, highway and bus transporta- tion, from points north and southwest of the city, and only minutes from New York City, make this property attractive to New York and New Jersey commuters alike.” n
Principals from development partners Hartz Mountain Industries and Panepinto Properties joined Jersey City Mayor Steven Fulop (center) and other municipal, county and state dignitaries for the of- ficial grand opening of 3 Journal Square.
The Grand Opening ceremo- ny also marked the completion of 3 Journal Square’s onsite leasing center and magnificent lobby, as well as a full floor of social and recreational ame- nities unrivaled in the local centage of certified space fell slightly due to expiration of some certifications. While Philadelphia slipped one spot from last year’s po- sition at number 10, green buildings were at the forefront of Philadelphia office market activity throughout 2016. Where Philadelphia excels is in Energy Star with a perfor- mance that would rank in the top 10 for both the number of buildings and percentage of square footage labeled. One of the biggest transactions of the year, Duane Morris’ 257,000 s/f renewal, occurred within the Energy Star labeled United Plaza. The FMC Tower at Cira Centre South, which was recently awarded LEED Gold certification, delivered in 2016 as Philadelphia’s first “vertical neighborhood,” com- bining office, retail, residential and hospitality space with green space. This year’s study also exam- ined the potential impact of municipal energy disclosure regulations on green building adoption rates. Nine of the top 10 cities have implemented benchmarking ordinances,
marketplace. “Thank you to Hudson Coun- ty Executive TomDeGise, Pan- epinto Properties and Hartz Mountain Industries for being big believers in Jersey City early in the process,” remarked and several of those have expe- rienced measurable increases in green certifications. Cities with benchmarking ordinanc- es have 9% more Energy Star and LEED certified buildings, and 21% higher Energy Star and LEED certified square footage. Philadelphia has had a benchmarking and trans- parency law in place since 2012 for commercial buildings 50,000 s/f and greater. Its City Council voted to expand the law to multifamily buildings in 2015, resulting in a total estimated covered floor space of 390 million s/f locally. “While it is still too early to make a definitive correla- tion between benchmarking ordinances and the rate of growth in ‘green’ buildings, this year’s findings do begin to establish a link that will be studied closely in the future,” said David Pogue , CBRE’s Global Director of Corporate Responsibility. “Even though the current federal legislative agenda has shifted the focus away from energy efficiency and sustain- ability, the momentum in the commercial real estate indus-
Philadelphia, pa — According to the fourth annual Green Building Adoption In- laboration with the U.S. Green Building Council (USGBC) and CBRE Research, this year the report also included research and commentary from the Institute for Mar- ket Transformation. This is the fourth release of the an- nual Green Building Adoption Index. Based on a rigorous methodology, the Index shows the growth of ENERGY STAR- and LEED-certified space for the 30 largest U.S. office mar- kets, both in aggregate and in individual markets, over the previous 10 years. n CBRE study finds Philadelphia The Nation’s 11 th Greenest City David Pogue dex study by CBRE and Maastr i cht University, Philadelphia was ranked the eleventh greenest city in the nation with 37.9 %
of its space qualified as green certified. Chicago claimed the top spot, San Francisco slipped to second, while At- lanta, Houston and Minne- apolis again claimed spots in the top five in the 2017 report. “Green” office buildings in the U.S. are defined as those that hold either an EPA ENERGY STAR label, USGBC LEED certification or both. The study found that in- stitutional owners of office buildings continued to pursue green building certifications in the 30 largest U.S. markets. 10.3% of all buildings surveyed are Energy Star labeled, while 4.7%are LEED certified, both slightly ahead of last year’s totals, although the total per-
MGKF holds presentation at 9 th Annual Oil & Gas Law Colloquium
PA. The presentation engaged the audience in an interactive discussion of the potential ethical pitfalls that lawyers can encounter when using social media. Franey and Daly used a common hypothetical to analyze social media com- munications with represented persons, social media posting during trial proceedings, and the collection and preservation of evidence on social media. n
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