Amazon selects New York & Arlington, VA for HQ2 ・people, mass transit, sustainability

Amazon has selected New York City (the Long Island City neighborhood of the borough of Queens) and Arlington,Virginia (the Crystal City neighborhood, across the Potomac from Washington, DC) for its HQ2.

In agreements with the local and state governments, Amazon stipulates that the two locations will house at least 25,000 employees each. The new sites will require $5 billion in construction and other investments.

Direct access to rail, train, subway/metro, bus routes (mass transit) at site has been a core preference of Amazon, stipulated in the Amazon HQ2 RFP.

Significantly, Amazon’s HQ2 RFP stipulates that it will develop HQ2 with a dedication to sustainability:

Sustainability: Amazon is committed to sustainability efforts. Amazon’s buildings in its current Seattle campus are sustainable and energy efficient. The buildings’ interiors feature salvaged and locally sourced woods, energy efficient lighting, composting and recycling alternatives as well as public plazas and pockets of green space. Twenty of the buildings in our Seattle campus were built using LEED standards. Additionally, Amazon’s newest buildings use a ‘District Energy’ system that utilizes recycled heat from a nearby non-Amazon data center to heat millions of square feet of office space – a system that is about 4x more efficient than traditional heating. This system is designed to allow Amazon to warm just over 4 million square feet of office space on Amazon’s four-block campus, saving 80 million kilowatt hours over 20 years, or about 4 million kilowatt-hours a year. We also invest in large solar and wind operations and were the largest corporate purchaser of renewable energy in the U.S. in 2016.

Amazon will develop HQ2 with a dedication to sustainability.

Of the cities selected, Emily Badger of The New York Times observes:

Tech companies feed on highly educated and specialized workers, specifically dense clusters of them where workers and companies interacting with one another are more likely to produce new ideas. Washington and New York, as it turns out, are two of the most highly educated regions in the country, with already large pools of tech workers.

Drop a big Amazon headquarters into Washington or New York, and economists expect the 50,000 workers there to be more productive than if the same 50,000 jobs were dropped into Indianapolis. Simply putting them in New York, near so many other tech workers, increases the likelihood that Amazon invents more services, connects to more markets, makes more money.

Those added benefits are so strong, economists say, that it’s worth it to companies like Amazon to pay more — a lot more — for office space and employee salaries in New York City.

‘If you are in the business of making new things — whether it’s a new product, or a new way of delivering things, or a new service — and it’s something that is unique, and it keeps changing and it needs updating, the most important factor of all is human capital,” said Enrico Moretti, an economist at the University of California, Berkeley. “It’s not like making soap, or like making textiles.’”

See:

Amazon HQ2 RFP

Amazon Announces New York and Virginia as HQ2 Picks,” Karen Weise, Technology | The New York Times, 13 November 2018

In Superstar Cities, the Rich Get Richer, and They Get Amazon,” Emily Badger, The New York Times, 7 November 2018

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

iconic glass buildings ・energy neutral & aesthetically beautiful

Looking beyond roof surface to make modern commercial and residential buildings energy neutral, Physee, a tech startup headquartered in the Netherlands, has developed and installed the world’s first commercial, fully transparent solar-power-generating windows.

Ferdinand Grapperhaus, co-founder and CEO of the startup and a graduate of Delft Technical University, says “Right now, we are looking for iconic projects all over the world to show that a large glass building can be made energy neutral in an aesthetic way.”

“Large commercial estates consume a lot of energy. If you want to make these buildings energy neutral, you never have enough roof surface. Therefore, activating the buildings’ facades will significantly contribute to making the buildings energy neutral.”

Physee’s PowerWindows have solar cells installed in the edges at a specific angle. The angle allows the incoming solar light to be efficiently transformed into electricity.

The company is already working on second-generation technology that will triple the efficiency of the PowerWindows. The new technology is based on the ability of thulium to transform a broad spectrum of light into near-infrared light. Grapperhaus and his classmate Willem Kesteloo discovered this ability of thulium to transform a broad spectrum of light into near-infrared light in 2014 while studying at TU Delft.

The surface of the second generation of PowerWindows will be coated with a special, thuliam-enhanced material. This material will transforms oncoming visible light into near-infrared light. The near-infrared light will then be transported towards the solar cells at the edges of the windows.

The headquarters of Rabobank, the Netherlands’ largest bank, commissioned the first installation of Physee’s PowerWindows. The installation was unveiled in June in Eindhoven, in the south of the Netherlands.

Observes Physee’s Ferdinand Grapperhaus, “Large commercial estates consume a lot of energy. If you want to make these buildings energy neutral, you never have enough roof surface. Therefore, activating the buildings’ facades will significantly contribute to making the buildings energy neutral.”

The innovative solar technology has won Physee a place on the World Economic Forum‘s Technology Pioneers 2017 list.

The WEF’s 2017 list of Technology Pioneers,  announced on June 14, includes companies developing technologies including artificial intelligence, cyber security solutions and biotechnology. The pioneering companies are selected for their potential to change the world.

Physee’s presence on the list, observes Grapperhaus, shows that the world is starting to take climate change seriously:

“Ten years ago, sustainability was something that wasn’t taken very seriously — not by venture capitalists, not by many governments and neither by large corporations. What I have seen over the last three years is that corporations are becoming more and more responsible, governments are becoming more and more supportive, and venture capitalists are becoming more and more interested.”

See:

Transparent solar power creating windows debut” | BlouinNews, 29 July 2017

More Than a View: Windows Double as Solar Panels” | Tereza Pultarova, LiveScience, 3 July 2017

Introducing the Technology Pioneers 2017” | World Economic Forum

Physee | Forbes 30 Under 30 Europe

Fully tranparent solar charged PowerWindow” | Materia, 19 September 2016

#Physee #FerdinandGrapperhaus #PowerWindow #solar #solarenergy #architecture #design #climaterisk #Rabobank #finance #TUDelft #sustainability #venturecapital #WEF #WorldEconomicForum #TechnologyPioneers2017 #tech #buildingtech #startup #techstartup #CO2