{"id":1004212125,"date":"2015-06-24T00:00:00","date_gmt":"2015-06-24T08:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/cpe-uncategorized\/green-renting-apartment-communities-promote-healthier-living\/1004212125.html"},"modified":"2022-03-17T01:26:30","modified_gmt":"2022-03-17T09:26:30","slug":"green-renting-apartment-communities-promote-healthier-living","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/green-renting-apartment-communities-promote-healthier-living\/","title":{"rendered":"Green Renting: Apartment Communities Promote Healthier Living"},"content":{"rendered":"<div id=\"attachment_2146\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Amalia-Otet-Rentcafe.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2146\" class=\"size-full wp-image-2146\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Amalia-Otet-Rentcafe.jpg\" alt=\"Amalia Otet, Rentcafe\" width=\"150\" height=\"150\" \/><\/a><p id=\"caption-attachment-2146\" class=\"wp-caption-text\">Amalia Otet, Rentcafe<\/p><\/div>\n<p>More and more people understand the benefits of green living and integrate sustainable practices into their daily lives. From driving hybrid cars to reupholstering or repurposing furniture, shopping locally and carpooling, there are a lot of ways in which we can all contribute to saving the environment. While each individual action counts and can lead to a better quality of life, the impact of large-scale projects and initiatives is unparalleled.<\/p>\n<p>The global green building market rose in 2013 to $260 billion \u2014 including an estimated 20 percent of all new U.S. commercial real estate construction \u2014 and all signs point to further growth. <a href=\"https:\/\/www.usgbc.org\/articles\/business-case-green-building\">According to a USGBC story<\/a>, commercial building owners and managers are expected to invest an estimated $960 billion globally between now and 2023 on greening their already built infrastructure. Priority areas include:<\/p>\n<ul>\n<li>more energy-efficient heating<\/li>\n<li>ventilation and air conditioning<\/li>\n<li>windows and lighting<\/li>\n<li>plumbing fixtures, and other key technologies<\/li>\n<\/ul>\n<h2>Rental Communities Go Green<\/h2>\n<p>The green building movement has advanced a great deal in the multi-family sector as well, with the market rising steadily from $18 billion in 2009 to $48 billion in 2013. In an effort to promote healthy urbanism and create livable environments, visionary developers and property owners have taken green principles one step further: they started delivering sustainable rental communities that prioritize such attributes as environmental responsibility, conservation of natural resources, walkability, energy-efficiency, social interaction, and active living.<\/p>\n<p>Aside from the environmental benefits, \u201cgreen\u201d has become a powerful word in resident retention and can turn the tables in the landlord\u2019s favor when renewal time comes. A Harris Interactive poll of over 2,000 Americans found that nearly half (49%) consider eco-friendly features more important than luxury items in a home (31%).<\/p>\n<p>Today\u2019s renters \u2014 whether tech-savvy Millennials or eco-minded Baby Boomers \u2014 favor communities that boast green attributes and <a href=\"https:\/\/construction.com\/\" target=\"_blank\" rel=\"nofollow noopener\">are willing to pay more for green homes<\/a>. In addition to helping apartment dwellers be good stewards of the environment, green improvements translate into water and energy savings (read: lower utility bills), as well as improved indoor air quality and an enhanced living environment.<\/p>\n<h2>Location, Location, Location<\/h2>\n<p>A building&#8217;s location and surroundings play a key role in its environmental impact. Careful site selection \u2013 including redevelopment or adaptive use of old buildings and sites, as well as brownfield reclaiming and infill development \u2013 is crucial when looking to minimize the impact of a building on the surrounding environment.<\/p>\n<p>SkyHouse Midtown, a 23-story, 320-unit high-rise apartment community in Midtown Atlanta, Ga., was built on a former brownfield. Excavation, removal, and proper disposal of 525 tons of soil brought the property into compliance with Georgia EPD\u2019s residential standards and cleared the way for development, according to <a href=\"https:\/\/www.brownfieldsconference.org\/en\/Article\/158\/Reach_for_the_Stars__SkyHouse_Midtown_Apartments_Brownfields_Success\">EPA<\/a>. Developed by a joint venture of Novare Group and Batson-Cook Development Co., the $60 million, in-town project features stylish units with premium finishes.<\/p>\n<p>The development partnership is working on a series of multifamily projects under the SkyHouse brand in several metros around the country \u2014 including <a href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Dallas<\/a>, <a href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Houston<\/a> and <a href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Austin<\/a> \u2014 all targeted at the same demographic: young, mobile, urban professionals who desire convenient, transit-linked and efficient residences.<\/p>\n<h2>Livable, Mixed-Use Communities Gain Ground<\/h2>\n<p>Many of the new sustainable apartment communities are situated in close proximity to restaurants, retail and entertainment destinations, as well as parks or cultural attractions, which means less time and money spent on driving or running errands.<\/p>\n<p>Wood Partners \u2014 a national real estate company that acquires, develops, constructs and manages high-density and mixed-use communities \u2014 strives to get at the forefront of green development. In 2009, the company committed that all of its new multi-family developments would meet federal ENERGY STAR standards or the energy efficiency standards of the Leadership in Energy and Environmental Design (LEED) program from the USGBC whenever possible. Many of its communities incorporate such initiatives as construction waste recycling and transit orientation to reduce their environmental impact.<\/p>\n<p>A fine example of green urban living is <a href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Alta Design District<\/a>, an amenity-rich community in the heart of the Dallas Design District. It is located within walking distance of the American Airlines Center, TRE \/ DART station, Katy Trail as well as the many art and shopping venues in Lower Oak Lawn and the Dallas Design District. The apartment homes come with granite countertops, stainless appliances, kitchen islands and green features.<\/p>\n<div id=\"attachment_2144\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Alta-Design-District-Apartment-Community-in-Dallas.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2144\" class=\"wp-image-2144 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Alta-Design-District-Apartment-Community-in-Dallas.jpg\" alt=\"Alta Design District Apartment Community, Dallas\" width=\"300\" height=\"188\" \/><\/a><p id=\"caption-attachment-2144\" class=\"wp-caption-text\">Alta Design District Apartment Community, Dallas via RENTCaf\u00e9<\/p><\/div>\n<p>Among other notable projects, Wood Partners has joined forces with Chicago-based <a href=\"https:\/\/www.yardi.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Fifield Cos<\/a>. to develop K2, the fifth and final apartment building at the K Station master-planned community in Chicago. Located in the increasingly hot West Loop submarket, the 34-floor, 496-unit apartment community was built to LEED Silver standards and includes such amenities as a bike storage room, bike kitchen and GE charging stations for electric vehicles.<\/p>\n<p>The Class A apartment community sold last year to Georgetown Co. in a $214.3 million deal. The sale represented <a href=\"https:\/\/www.multihousingnews.com\/\" target=\"_blank\" rel=\"nofollow noopener\">the highest price paid for a multifamily building in the Chicago area in two years<\/a>, following the sale of the 848-unit <a href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Alta at K Station<\/a> \u2014 another remarkable Fifield project \u2014 to Morguard Corp. for $302 million. Alta at K Station was the first rental apartment in the U.S. to receive LEED Gold certification.<\/p>\n<h2>Combining Green and Affordable Living<\/h2>\n<p>The U.S. apartment market has seen tremendous growth in recent years, with <a href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"nofollow noopener\">rising rents<\/a> and low vacancy levels in most metros around the country. In an effort to respond to the growing need for affordable rental housing, nonprofit BRIDGE Housing and its partners developed <a href=\"https:\/\/www.bridgehousing.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Celadon at 9th &amp; Broadway<\/a>, a 250-unit affordable apartment community in San Diego.<\/p>\n<p>Designed to achieve LEED Silver certification, Celadon features highly efficient mechanical systems, a non-smoking living environment and an eco-roof with drought-tolerant plantings. The143-foot-tall solar photovoltaic system, designed as a vertical fa\u00e7ade on the south side of the building, is the tallest electric solar system of its kind in the country.<\/p>\n<p>The 17-story high-rise features a mix of studios and one-bedroom apartments available for residents with annual incomes as high as $37,920 for a two-person household. Monthly rents range from approximately $533 to $879, depending on factors such as income, household and apartment size.<\/p>\n<p><em>Amalia Otet is an\u00a0<\/em><em>online content developer and creative writer for <\/em><a href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"nofollow noopener\"><em>RENTCaf\u00e9 apartments<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>More and more people understand the benefits of green living and integrate sustainable practices into their daily lives. From driving hybrid cars to reupholstering or repurposing furniture, shopping locally and carpooling, there are a lot of ways in which we can all contribute to saving the environment. While each individual action counts and can lead&hellip;<\/p>\n","protected":false},"author":39,"featured_media":1004508138,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39372],"tags":[],"class_list":["post-1004212125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cpe-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Green Renting: Apartment Communities Promote Healthier Living - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/green-renting-apartment-communities-promote-healthier-living\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Green Renting: Apartment Communities Promote Healthier Living\" \/>\n<meta property=\"og:description\" content=\"More and more people understand the benefits of green living and integrate sustainable practices into their daily lives. 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