With 43 LEED-certified buildings in its fold, this will be PNC'sfirst Platinum designed asset, Gary Saulson, director of corporatereal estate for PNC Financial Services Group, tells GlobeSt.com.The building is being designed for Platinum Core and Shell and forPlatinum Commercial Interior for PNC's office and branch space, hesays.
Saulson could not provide development costs for the building,but did say that any additional costs that might be incurred bydesigning to the higher standard would be returned to the companythrough reduced energy costs.
Mitchell Schear, president of Vornado/Charles E. Smith, alsodeclined to provide development costs but he noted that the duo hadoriginally intended to design to Gold LEED standards. Making thejump to Platinum from that point, he tells GlobeSt.com, is not anadditional significant investment. "We have been focused on allaspects of sustainable building throughout the entire designprocess."
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.
