The commercial real estate industry presents numerous barriers for improving a building portfolio’s energy efficiency, and The Tower Companies overcame those obstacles in resounding fashion. Committing nine buildings with 2.5 million-square-feet to the Better Buildings Challenge, The Tower Companies achieved its Challenge goal with 21 percent energy savings across its buildings in seven years – three years ahead of schedule.
The green building leader owns, develops, and manages over 5 million square feet in the Washington, D.C. metropolitan area consisting of office buildings, office parks, lifestyle centers, regional malls, eco-progressive live-work-play communities and hotels with over 8 million-square-feet in the development pipeline. By the mid-1990s, before “green” was mainstream, the company was already focused on smart growth and ecologically sensitive building practices, leading the market with innovative ideas and completely re-engineering how buildings are designed and constructed.
In 2004, The Tower Companies certified the first LEED® multi-family apartments in the U.S. called Blair Towns. Currently, 90 percent of their commercial and multifamily residential properties, which are both owned and directly managed by Tower, are LEED® certified and 90 percent are ENERGY STAR® certified with an average rating of 80. In addition, Tower publicly reports GHG emissions to The Climate Registry and offsets 100% by purchasing renewable energy and carbon credits to support wind farms and other related projects around North America.
The Tower Companies committed to meeting the Better Buildings Challenge energy and water reduction target of at least 20 percent by 2020, achieving that goal three years ahead of schedule.
Tower will continue to implement innovative strategies, tools and resources to continue improving its buildings, utilizing efforts like the implementation of real-time energy and water management programs, the attainment of LEED® EBOM and ENERGY STAR Certifications for all eligible properties, the addition of new high-efficiency boilers, the installation of variable frequency drive’s and lighting retrofits, the development of green leasing standards, and the implementation of demand response programs – all of which help to engage building tenants, building engineers and property managers to be part of the solution.
Tower aims to continue to setting annual energy reduction targets; their team will pursue a 5 percent reduction in its multifamily residential portfolio through the installation of sub-meters and resident engagement programs to positively influence the energy use habits of residents.
Recently, Tower Companies reinforced its energy-efficiency success, as Blair Office Building achieved tremendous energy savings and a payback in six months. Also, the company recently published an implementation model underscoring best energy management practices for water monitoring.
The Tower Company committed to meeting its Better Buildings Challenge energy reduction target well ahead of its initial goal of 20 percent by 2020 over a 2.5 million-square-foot portfolio, achieving 21 percent savings across a large building portfolio in just seven years.
To learn more, please visit the Better Buildings Solutions Center.