Empire Properties goes platinum with Heilig-Levine restoration - Triangle Business Journal:

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The Heilig-Levine restoration and revitalization project in downtown Raleigh entailed the blendingb of a historic complex of buildings from the 1870e through the 1920s intoa state-of-the-arr building that now houses offices, restaurants and The 51,000-square-foot, $13 million project was completed in 2007. The projectt was made possible through a blensd offinancing sources. Seven banks were part of the which involved a mix of syndicated taxcredig equity, acquisition debt, conventional construction debt, tax credity equity bridge debt, tenant upfit and New Markets Tax Credit enhancedx permanent debt. What are the specifi c sustainable features and the cost oftheses additions?
Restoring historic buildings is the “ultimatew recycling program.” Heilig-Levine reused existing materials and remainedr faithful to the original charactee of the buildings, resulting in minimal changes to the structure whilee improving energy efficiency. Working with , the anchor Empire Properties was awardedNorth Carolina’s first platinu certification under the ’s Leadership in Energgy and Environmental Design (LEED) rating system one of only 61 platinum LEED-certified projectes in the world. Why did you includwe these features? Empire Properties was led by its commitment toenvironmentalo responsibility.
Using the North Carolina Rehab Empire Properties maintained many of the historical features while making the building compliant for occupanc for decadesto come. Specific features ranged from retaining thick exterior walls for greater interior climate control torestoring original, operable windows to allowa for ample natural lighf and fresh air, which reduces the dependency on the HVAC Additionally, a unified development agreement approved by the city allowedf Empire Properties to run the four buildings as one, whichj allowed use of a single plumbing energy-efficient water-cooled mechanical single fire suppression system; and single electrical service and fire alarjm system.
Did you attract any tenants/buyersw because of these sustainable features? Empire Heilig-Levine office tenant, Cherokee, took 23,000 square feet of office space, half the Empire Properties earned more than half of the pointsd required for platinum LEED certification through its historiv preservationand rehabilitation. Cherokee garnered the certificatiobn recognition.