Green existing buildings using LEED for Existing Buildings to upgrade the value of real estate

Canadian developers are seeing the benefits of using the LEED-EB standard to add value to existing real estate by creating a “green brand” while saving operating costs.

According to a story last week, in Toronto, major developers and property managers such as Oxford Properties, Cadillac Fairview and Colliers are pushing for a Canadian version of the USGBC’s LEED-EB program. Oxford Properties’ King Tower in downtown Toronto became the first Canadian multi-tenant building to receive LEED-EB Silver certification, working with HOK‘s Toronto office. The 15-story, 472,000 sq.ft. building replaced all T12 fluorescent lamps with more efficient T8’s and also ran a pipe 83 meters (about 270 feet) below the surface of Lake Ontario to run cold lake water through the building’s heat exchangers, to provide year-round cooling energy.

Posted by on 11/16/2008 at 08:16 AM