NJPA G reen B uildings

Mid Atlantic Real Estate Journal — Green Buildings — January 25 - February 7, 2013 — A


The latest project in a long list of eco-friendly initiatives Hartz Mountain’s Osprey Cove residential development secures Leed Silver Certification


ECAUCUS, NJ — Os- prey Cove, Hartz Moun- tain’s luxury residential building at 45 Meadowlands Parkway just received its LEED Silver certification. The 116 unit development is the latest project in a long list of eco-friendly initiatives that also includes rooftop solar paneling on 13 buildings in Secaucus, and a solar ground array in Hamilton, NJ. Osprey Cove is the result of the developer’s efforts to complement the shore of the 13,000 acre Meadowlands es- tuary preserve to the building by using recycled materials where possible, and featuring an on-site recycling program, motion sensors on all light- ing in common hallways and elevators, and energy-efficient appliances in all units. The ecological recovery of the surrounding Meadow- LOWER MAKEFIELD TOWNSHIP, PA — Matrix Development Group , one of the Northeast’s most active and well-regarded real estate investment and development companies, announced that a 12,000 s/f medical office build- ing in Bucks County, that the company developed for Lower Bucks Pediatrics was recently awarded Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council (USGBC). The distinction is designed to promote design and con- struction practices that in- crease profitability while reducing the negative envi- ronmental impacts of build- ings and improving occupant health and well-being. The building is located within Matrix Development’s Octagon Center, a mixed- use master-planned com- munity that includes retail and residential components, and covers 186 acres in Low- er Makefield Township and Middletown Township. Lower

lands was spearheaded by Hartz Mountain Industries, and includes the newly reno- vated Snipes Park located adjacent to the building, and the waterfront at Laurel Hill Park. “Our desire to get a LEED Silver distinction for Osprey Cove was both ecological and economical,” said Emanuel Stern, president and COO of Hartz Mountain Industries. “It speaks to our company’s core belief that we can be kind to the earth, and it saves us and our residents money in the long term.” Since Hartz began welcom- ing residents in June 2012 the apartments, have been rented, proof of the ever-grow- ing ecologically-minded renter demographic. The building management team is led by Roseland Man- agement Co. n also provides the most ideal environment for dedicated patient care, and I believe that we have been successful in this effort,” said Dr. Auren Weinberg of Lower Bucks Pediatrics. “Achieving LEED certification improves the health of our patients, fami- lies and staff members, while increasing the investment value of our building, and it is our hope that this facility will serve as a model for other medical office properties.” Matrix Development Group acquired the Octagon Center property in December 2006 and worked with appropri- ate government agencies and consultants, as well as township leaders, to ensure the successful development of the community. The prop- erty is easily accessible to Interstate 95 and Route 1 via Oxford Valley and Big Oaks Roads. The development was designed to feature passive recreation attractions, includ- ing walking trails, as well as a full-service community center. n

Osprey Cove

Matrix Development Group collaborates with Barton Partners to achieve LEED certification on 12,000 s/f MOB

practices. Ultimately we were able to identify a solution to deliver a dynamic facil- ity that is environmentally responsible while providing Lower Bucks Pediatrics with significant cost savings on energy consumption.” Matrix collaborated with architecture and planning firm Barton Partners on the process to achieve LEED certification, which has re- sulted in significant operating efficiencies for the building, including a 30-percent reduc- tion in water use as compared to the USGBC baseline, as well as the incorporation of additional thermal comfort controls for more than 50 per- cent of the building, allowing the owners to regulate energy usage more efficiently. Addi- tionally, the building’s HVAC system design is expected to achieve energy cost savings of at least 35 percent compared to the USGBC baseline. “We had to find the deli- cate balance of creating a best-in-class, energy-efficient medical practice facility that

12,000 s/f medical office building in Bucks County

Bucks Pediatrics, a family- oriented pediatric medical practice, purchased the build- ing fromMatrix in 2011 upon its completion. “Medical office facilities, and pediatric offices in partic- ular, use a significant amount of energy and water due in part to the individual HVAC controls and sinks in each examination room, present- ing challenges to the creation

of an energy-efficient work environment,” said Richard F.X. Johnson , senior vice president of Matrix Develop- ment Group and head of the company’s renewable energy services division. “From the beginning, Lower Bucks Pe- diatrics was determined to make this an energy-efficient property, which is in line with Matrix’s own commitment to sustainable development

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