Fully built out, the Metro Green project will eventual consist of 238 mixed income rental and for-sale residences called Metro Green Residential and a 17-story 350,000-sf office building coined Metro Green. The first phase of the project will cost approximately $20 million to develop. Jonathan Rose officials say that the Metro Green Residential component is a candidate for LEED New Construction and Neighborhood Development certification by the US Green Building Council.
"Metro Green will provide a green, environmentally-sensitive transition from the Stamford Transportation Center to the emerging, formerly industrial neighborhood in Stamford's South End while preserving housing opportunities for existing residents in one of the few remaining affordable neighborhoods in Fairfield County," said Stamford Mayor Dannel Malloy at the groundbreaking ceremony held on Wednesday.
"Metro Green is a model solution to high energy and transportation costs currently plaguing low income residents," added Jonathan F.P. Rose, president of Jonathan Rose Cos. "By locating affordable housing within walking distance to a regional train line and a vibrant downtown, our residents will be spared the high price of gasoline, and by making the building green, they will benefit from lower energy costs for years to come.
Among the "green" features at the Metro Green Residential development will be: a "rainwater harvesting system" that company officials explain will funnel water from the roof into storage tanks to be used for drip irrigation and filtered for use in washing machines located in the shared laundry room; a building envelope that includes a roof that reduces heat-island effect, high efficiency, operable double hung windows; individual heating and cooling units and gas-fired domestic water heaters in each apartment and a number of other energy reduction related amenities.
Financing for Metro Green apartments was arranged through JPMorgan Chase, GE Capital, the Connecticut Housing Finance Authority and the City of Stamford. The balance of Metro Green's residential and office developments are now in the final approval and planning stages. Connecticut Governor M. Jodi Rell reported on Tuesday that Metro Green Apartments is eligible for up to $2 million from the state's Housing Trust Fund.
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