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issues of condition ・ too complex to be explained?

Extraordinary that there may be ” … a consensus that issues of condition, and the work of conservators, are too complex to be explained to gallery visitors as a matter of course” (Burlington Magazine, as reported by The Art Newspaper).

Physical condition is a fundamental component of value of tangible assets, inclusive of works of art, buildings, and houses.

Neither the art market nor the real estate market are “hermetically sealed,” or entirely self-sufficient, existing apart from condition, as some believe and might like to believe.

See:

“How to identify a wreck” | Bendor Grosvenor, The Art Newspaper, 18 December 2017

#art #conservation #conservators #connoisseurship #collections #collectionsmanagement #condition #value #artmarket #tangibleassets #luxury #smartluxury #urbanluxury #architecture #design #engineering #resilience #CO2 #realestate #commercialrealestate #culturalrealestate

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The Getty | a Type 1-rated complex, designed & built to resist fire

The Getty Center in Los Angeles performs.

The New York Times and Reuters highlight how the Getty Center has been designed and built to provide resilient stewardship and protect its art holdings, even in a fire- and earthquake-prone area.

The Getty’s design, “and a plan developed with insurers eager to keep the valuable collection safe” [the Getty works with commercial property insurer FM Global], help protect the art from damage.

The Getty’s architect, Richard Meier, built fire resistance into the billion-dollar complex, said Ron Hartwig, vice president of communications for the J. Paul Getty Trust. These hills are fire prone, but because of features like the 1.2 million square feet of thick travertine stone covering the outside walls, the crushed rock on the roofs and even the plants chosen for the brush-cleared grounds, “The safest place for the artwork to be is right here in the Getty Center,” he said.

Within that lovely milky travertine skin, the buildings have reinforced concrete walls and automatic fire doors that can trap fires in sealed-off areas. A carbon-filtered air conditioning system pushes smoke out instead of letting it in, and the internal sprinklers — whose pipes remain dry until needed, to avoid damaging accidents – stand ready to douse flames.

“Should any fire move within one of those compartmentalized areas, it can’t get anywhere,” said Michael G. Rogers, director of facilities at the Getty. Since water supplies can be cut off in a disaster, The Getty has its own million-gallon water tank buried under the parking garage. The result is a complex that is rated Type 1, the highest level of fire resistance.

See:

“Why the Getty Center’s Art Stayed Put as Fires Raged Nearby” | John Schwartz and Gilbert Gates, The New York Times, 12 December 2017

“California’s Getty museum survives wildfire, ready for quakes” | Suzanne Barlyn, Reuters, 8 December 2017

The Getty Center

#Getty #GettyCenter #art #museums #collections #collectionsmanagement #stewardship #scholarship #conservation #preservation #resilience #fire #smoke #particulatematter #airfiltration #design #architecture #RichardMeier #engineering #California #LosAngeles #luxury #urbanluxury #smartluxury #realestate #commercialrealestate #culturalrealestate #insurance

 

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San Diego performs ・three San Diego scientists awarded the Breakthrough Prize for 2018

San Diego performs.

Three of the seven Breakthrough Prize awards (each of $3 million; founded in 2012 by tech entrepreneurs including Sergey Brin, the Google co-founder; Mark Zuckerberg, the Facebook co-founder; and Anne Wojcicki, co-founder of personal genomics company 23 and Me) for 2018 went to San Diego scientists in recognition of their research and achievements in life science, bio-medicine, and math. The prize for achievement in math is shared equally between UCSD and the University of Utah collaborators.

It is a short distance from downtown San Diego walk-ability and luxury, such as the Kohn-Pedersen-Fox-designed Pacific Gate, with interior design by Hirsch Bedner Associates (HBA), not only to the airport but also to the universities and research institutes.

See:

“Sweet recognition — and major cash — for three San Diego scientists with Breakthrough Prize” | Bradley J. Fikes, The San Diego Union-Tribune, 3 December 2017

Breakthrough Prize

#realestate #luxury #smartluxury #urbanluxury #BreakthroughPrize #UCSD #SalkInstitute #science #tech #engineering #commercialrealestate #walkability #downtown #downtownofcourse #education #PacificGate #international #global #globalluxury #KPF #KohnPedersenFox #HBA #HirschBednerAssociates #architecture #design #interiordesign

 

 

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M Moser Associates’ office in New York’s 1913-vintage Woolworth Building to be retrofit to Platinum WELL Building Standard

International architecture and design firm M Moser Associates is retrofitting and revitalizing their new office space on the 24th-floor of Manhattan’s Woolworth Building.

The Woolworth Building was built in 1913 and was, at the time, the tallest building in the world, engineered to maintain its own electricity, heat, and subway entrance, with windows that could, and still can, be opened when outdoor pollution levels are low.

While acknowledging challenges in retrofitting old office space, such as dealing with old electrical, old plumbing, and old HVAC, M Moser Associates points out that all buildings represent embodied energy and that embodied energy best be recognized and optimized.

As M Moser Associates revitalizes their office space on the 24th floor, the company will pursue both a Platinum Well Building Standard and USGBC LEED certification.

Initiated by Delos and the International WELL Building Institute, the WELL Building Standard is evidence-based, rating the quality of water, air, and light, and is geared toward occupant health, wellness, fitness, and productivity. The WELL Building Standard “marries best practices in design and construction with evidence-based medical and scientific research – harnessing the built environment as a vehicle to support human health and well-being.”

M Moser & Associates brings a similar focus on restructuring and re-engineering office space towards employee health, wellness, and productivity in all of its office spaces, including those in Hong Kong, London, San Francisco, and Guangzhou.

See:

“Woolworth Building Office in New York Becomes a Retrofit Lab” | Alyssa Danigelis, Environmental Leader, 30 October 2017

“Learning from Plans to Retrofit One of America’s Oldest Skyscrapers” | Adele Peters, Fastcodesign, 30 October 2017

Delos

#architecture #design #officespace #InternationalWELLBuildingInstitute #Delos #health #wellness #fitness #urbanliving #urbanluxury #luxury #realestate #commercialrealestate #CRE #builtenvironment #buildingtech #engineering #H2O #CO2 #HongKong #London #SanFrancisco #Guangzhou #resilience

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elegance in design & engineering meets recycling

Ten years in the making, a public-private partnership between the New York City Economic Development Corporation and Sims Municipal Recycling, a division of Sims Metal Management, designed and master-planned by Selldorf Architects, New York City’s 11-acre South Brooklyn Sunset Park Material Recovery Facility performs.

Opened in December of 2013, the 140,000-square-foot facility is the principal processing facility for all of New York City’s residential metal, glass, and plastic recyclables. The facility has the capacity to process 1,000 tons of recyclable material every day.

Selldorf Architects (architect to museums and galleries worldwide, including the Museum of Contemporary Art San Diego) organized the buildings to create the site’s own urban context and designed the facility to optimize environmental performance.

The buildings are made from 99% recycled American-made steel. The buildings, wharf, recycling equipment, and electrical substations are elevated four feet – using a blend of recycled glass and crushed stone from Second Avenue subway tunneling operations – to prevent damage from sea level rise and storm surges. New York City’s first commercial-scale (100 kW) wind turbine and the City’s largest solar installation (600 kW) generate energy on site. On-site storm water management is included as are two acres of native plantings.

Access by barge will help eliminate 150,000 annual truck trips (240,000 truck miles). Newly-renovated freight rail will be used for the export of processed recyclables.

See:

“Sustainability and Design Tour of Sunset Park Material Recovery Facility” | AtlasObsura, May 2017

“Selldorf Architects’ Sunset Park recycling facility in Brooklyn sets a new standard in sustainable design” | Pei-Ruh Keh, Wallpaper, 13 December 2013

“Mayor Bloomberg, Deputy Mayor Holloway and Sanitation Commissioner Doherty Announce Opening of New State-of-the-Art Recycling Facility – Able to Process Metal, Glass and All Plastics in One Location” | Office of the Mayor, City of New York, 12 December 2013

“Sunset Park Material Recovery Facility” | Selldorf Architects

Sims Municipal Recycling

Sims Recyling Solutions

Sims Metal Management

#sunsetparkmaterialrecoveryfacility #Brooklyn #NewYork #NewYorkCity #SimsMetalManagement #SimsMunicipalRecycling #SelldorfArchitects #NYCEconomicDevelopmentCorporstion #recycling #architecture #design #art #museums #galleries #luxury #smartluxury #urbanluxury #resilience #energy #solar #solarenergy #windenergy #engineering #construction #buildingtech #tech #sealevelrise #stormsurge #CO2 #H2O #realestate #commercialrealestate #CRE #finance #ROI

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buildings are a big part of our lives ・let’s get to know them

Many of us, somewhere in the world, live, work, study, go to school, see the doctor, worship, shop, eat out, vacation, collect and/or exhibit and/or sell art in buildings of some sort. The building might be a single-family home, large or small, grand or modest, a multi-family home, a residential tower, an office building, library, school, a shop large or small, a hotel, resort, or spa, a restaurant, hospital, a gallery or museum, public or private, … the list goes on and on. Buildings are a big part of our lives. Let’s get to know them.

A building is much more than an inert structure that we can take for granted. A building is a system of systems that interacts with us on many levels. A building almost lives.

Dodge Data & Analytics together with United Technologies have published a SmartMarket Report that we all can read. This particular report, World Green Building Trends 2016 SmartMarket Report, focuses on a crucial aspect of buildings, how they are “going green.” The intent of the report is to provide information, new world green building trends data, to support green building development.

The report is long-ish. 60+ pages. So I suggest that you read through it step-by-step, in small increments, perhaps a page or two a day. You’ll find lots of good information, valuable economic analyses, and comparative analyses, illustrating how people in different countries are approaching the development, costs, benefits, and economics of green.

How is “green” defined? “Green building” is defined in the study as a construction project that is either certified under any recognized global green rating system or built to qualify for such certification.

Why “green”? We’ll examine this question step-by-step. Hint? Quality of life, longer-term value, longer-term credibility, higher resale values, “future proof.”

Stay tuned.

See:

“World Green Building Trends 2016 SmartMarket Report” | Dodge Data & Analytics, United Technologies, 2016

#buildings #builtenvironment #resilience #luxury #smartluxury #houses #museums #galleries #retail #restaurants #hospitals #art #artcollections #collections #hospitality #realestate #CRE #commercialrealestate

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energy-efficient buildings & significant ROI

The return on investment in energy-efficient building features is significant and results accrue to corporate bottom lines.

According to the Morgan Stanley Research report, “Building Energy Efficiency,” the ROI in energy-efficient features can lower the cost of ownership by 50% for commercial buildings.

“Green buildings” can yield significant savings at every scale of construction, operations and maintenance. Rising global demand for such buildings is fueling growth of a high-tech, industrial-strength sector focused on delivering state-of-the-art building materials, equipment and energy management.

Observes Europe-based Sustainability Analyst Faty Dembele,

“With residential, commercial and public buildings accounting for more than an estimated 30% of the world’s energy consumption, this is an area of growing interest for consumers, building owners, tenants and regulators.”

See:

“Green Buildings Power Savings & Return” | Morgan Stanley Research, 20 June 2017

#realestate #commercialrealestate #CRE #residentialrealestate #ROI #finance #investments #greenbuildings #resilience #energy #luxury #smartluxury #urbansmart #art #MorganStanley

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bricks, mortar, health, wellness, & sustainable amenities → enhanced value + premium pricing

AMLI Residential, a company founded in 1980, owned by PRIME Property Fund, a core commingled institutional fund, and focused on the development, acquisition, and management of luxury apartment communities in the United States, has recently completed the first AMLI Sustainable Living Index. Residents of AMLI apartment properties were asked after their views of sustainability and green living. The survey was conducted in August of this year at properties in Atlanta, Austin, Chicago, Dallas, Denver, Houston, Seattle, Southern California and Southeast Florida.

There were 2,812 respondents. 12 percent of the respondents were younger than age 25, 47 percent were ages 25-34, 16 percent were ages 35-44, and 25 percent were 45 or older.

A majority of residents are willing to pay slightly more to live in a “green” residence

The survey indicates that a majority of residents are willing to pay slightly more to live in a “green” residence.

64% of respondents are willing to pay more for sustainable housing

84% of respondents say living in sustainable homes is important to them

85% of respondents believe living in sustainable homes is beneficial to their health.

The following features are most valued by respondents:

a smoke-free community – 94% of respondents

energy- and water-efficient features – 93% of respondents

access to public transit/ strong walk and bike scores  – 85% of respondents

77% of respondents report that AMLI’s green living features have saved them money in utility costs.

Resilience

AMLI Vice President of Sustainability Erin Hatcher discusses the resilience factor. Buildings can be made more resilient to environmental, market, and regulatory risks through the incorporation of a holistic features. “Utility price increases, unpredictable power outages and other unforeseen events just don’t affect them as much as their less environmentally-friendly counterparts.”

Sustainability is good business when done right & done smart

Ms. Hatcher reports:

“Sustainability is good business when done right and done smart. In multifamily residential, a developer should consider a sustainably holistic approach that includes value adds for the resident, our buildings, and the immediate communities where they reside. Operating costs, and ultimately residents’ utility bills, can be reduced through LEED-targeted construction, as well as efficient HVAC, lighting, and water systems. These […] enhance both the resident experience and asset values. Efficient systems can go far to decrease the wear-and-tear (i.e., maintenance costs) on the property’s equipment and the overall power and water grids, too.

“Green buildings are also more resilient to environmental factors. Utility price increases, unpredictable power outages and other unforeseen events just don’t affect them as much as their less environmentally-friendly counterparts. Similarly, avoiding potentially harmful building materials promotes the longevity of our buildings and the health of residents who live in them. More frequent fresh air exchanges and non-smoking policies at sustainable communities add to the health benefits. Keeping residents safe and comfortable in their home is always top priority, but that need not conflict with our sustainable mission, nor erode the bottom line.

“Sustainability on the community level is often overlooked, yet is a by-product of any eco-conscious development. Adding green space and rainwater management features such as rain gardens or ponds have great civic potential at a low cost. These efforts provide scenic, natural amenities for building residents and the community at-large, while reducing the loads on shared, often aged community infrastructure, especially storm-water drainage.”

Twenty-eight AMLI properties (more than one-third of the company’s portfolio) are LEED (Leadership in Energy and Environmental Design) certified and 15 AMLI communities are ENERGY STAR certified.

AMLI received two awards this month from the U.S. Green Building Council (USGBC):

the Outstanding Multi-Family Developer LEED Homes award for its outstanding leadership and innovation in the residential green building marketplace, and

the LEED Power Builder award, which recognizes developers that certify at least 90 percent of their units built in the past year.

AMLI currently owns and manages 59 apartment communities including more than 19,900 apartment homes and has approximately 4,600 additional apartment homes under development at 14 new properties.

 

See:

“Residents Will Pay More for Sustainable Spaces, Says Survey” | Jennifer Hermes, Environmental Leader, 20 September 2017

“New Survey: 84 Percent of Residents Say Living in a Green Home is Important to Them; 85 Percent Believe Living in a Green Home Benefits Their Health” | Business Wire, a Berkshire Hathaway Company, 18 September 2017

“Leaders Unveil Their Secrets: Business Case for Environmental Stewardship” | Jennifer Hermes, Environmental Leader, 18 July 2017

“Bricks, Mortar, and Carbon | How Sustainable Buildings Drive Real Estate Value” | Morgan Stanley Institute for Sustainable Investing, March 2016

#realestate #commercialrealestate #investments #finance #ROI #bottomline #sustainability #resilience #health #wellness #value #enhancedvalue #luxury #smartluxury #AMLI #USGBC #LEED #EnergyStar #BerkshireHathaway

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Denver tracks & publicly reports annual commercial & multi-family building energy performance data

A city ordinance adopted by the Denver City Council in late 2016 requires commercial and multi-family buildings of 25,000-square-feet and over to track and publicly report their annual energy performance.

The deadline for property owners of larger buildings (50,000+ square feet) to file 2016 energy benchmarking reports is June 1. There is a city 90-day grace period for filing, ending on September 1.

Owners of smaller buildings, of 25,000 – 50,000 square-feet, are required to file their energy performance reports by June 2018.

According to the city, 57 percent of Denver’s greenhouse gas emissions are generated by large commercial and multifamily buildings.

Katrina Managan, Senior Advisor, Energy Efficiency, Denver Department of Environmental Health, reports that ”there are approximately 2,400 buildings over 50,000 square feet that need to comply this first year.”

The city of Denver plans to publish building energy performance data annually.

See:

“$2,000 penalty looms for Denver building owners who don’t say how much energy they’re using” | Adrian D. Garcia, Denverite, 11 July 2017

“Colorado signs on to U.S. Climate Alliance, joining states committed to exceeding Trump’s rejected Paris climate targets” | Bruce Finley, Denver Post, 11 July 2017

“Denver Imposes $2,000 Fine for Building Owners Who Don’t File Energy Benchmarking Reports” | Emily Holbrook, Energy Manager Today, 12 July 2017

#realestate #commercialrealestate #greenhousegasemissions #commercial #multi-family #energyefficiency #buildingenergyperformance #data #Denver #Colorado