Search
 
News

Zara Realty Plans to Install Solar Tech on Entire Queens Portfolio

The real estate firm says it will add solar energy to all 45 buildings it owns in Queens creating the largest solar energy project in the borough.

89-12 153rd St., Jamaica, Queens Solar panels installed on rooftops at 89-12 153rd St., Jamaica, Queens/ Image credit: Zara Realty

NEW YORK CITY—With Earth Day approaching on April 22, Zara Realty made a timely announcement. The real estate firm that’s based in Jamaica, Queens plans to install more than 6,500 solar energy panels, covering every building it owns in the borough by next year.

The $6.5 million project that’s underway is converting the energy use in the common areas of 45 buildings to sustainable solar power. Zara Realty says this will produce enough clean energy to offset the greenhouse gas emissions of five million vehicle miles driven each year. It notes this will replace what’s equivalent to the carbon emissions of 355 homes and 423 cars over a year. Plus, the project has created 50 jobs.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.