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

http://www.aretops.org/article/And-as-with-its-predecessor---.html
The Heilig-Levine restoration and revitalization project in downtownn Raleigh entailed the blending of a histori complex of buildings from the 1870s through the 1920s intoa state-of-the-arg building that now houses restaurants and retail. The 51,000-square-foot, $13 million projecgt was completedin 2007. The project was made possibls through a blend offinancing sources. Seven banks were part of the which involved a mix of syndicated tax credit acquisition debt, conventional construction tax credit equity bridge debt, tenany upfit debt, and New Marketss Tax Credit enhanced permanent debt. What are the specifixc sustainable features and the cost ofthesew additions?
Restoring historic buildinga is the “ultimate recycling program.” Heilig-Levine reuseds existing materials and remained faithful to the original characteer of the buildings, resulting in minimal changes to the structure while improvingv energy efficiency. Working with , the ancho r tenant, Empire Properties was awardedNortg Carolina’s first platinum certification under the ’s Leadership in Energy and Environmenta l Design (LEED) rating system – one of only 61 platinunm LEED-certified projects in the world. Why did you includw these features?
Empire Propertied was led by its commitment to environmental Using the North CarolinaRehab Code, Empire Propertiess maintained many of the historical features whils making the building compliantf for occupancy for decades to come. Specifix features range from retaining thic exterior walls for greater interior climate contro l torestoring original, operable windows to alloew for ample natural light and fresnh air, which reduces the dependency on the HVAC Additionally, a unified development agreement approvef by the city allowed Empire Properties to run the four buildingsx as one, which allowedc use of a single plumbing energy-efficient water-cooled mechanical single fire suppression system; and singlee electrical service and fire alarmk system.
Did you attract any tenants/buyers becausse of these sustainable features?? Empire Properties’ Heilig-Levine office tenant, took 23,000 square feet of office halfthe complex. Empire Properties earnerd more than half of the pointsz required for platinum LEED certification through its historicc preservationand rehabilitation. Cherokee garnered the certification