(To read more about Real Estate Media's Green Initiative,please click here
BETHESDA, MD-Lerner Enterprises, a real estate developer, haspurchased wind power for a retail center under construction as wellas a 157-key hotel, both in Dulles, VA. Theenvironmentally-friendly transaction is part of the company's GreenInitiative Program, which it implemented with the goal ofconserving natural resources both in its existing portfolio and inprojects under development.
Dulles 28 Centre, a 300,000-sf retail center still being built,and the Residence Inn - Dulles Airport at Dulles 28 Centre willboth utilize wind power. This alternative power source, Lerner iscurrently using at its 1050 Connecticut Ave. property in WashingtonSquare. The energy needs of the class A, 1-million-sf officebuilding are 100% supplied by wind power.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
