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Retail Developers See Gain in Building Green

CLEVELAND-Retail developers have been slow to catch onto the green initiative--until now.

By Dana Dubriwny | Updated on July 24, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

CLEVELAND-As more and more certified “green” office high rises are touted throughout the country, a smaller group is sowing its seeds to becoming rich in eco-friendly projects. Perhaps somewhat overshadowed, the retail industry is making a mark of its own when it comes to environmentally-sensitive developments. While big-box retailers, such as Target, Wal-Mart and Lowe’s, call on their own designers to configure what will amount to a substantial long-term cost savings, retail developers have been slow to catch onto the green initiative–until now.

Locally based Forest City Enterprises Inc. recently appointed two directors to lead the company’s sustainability and energy management initiatives. Jon Ratner will fill the role of director of sustainability initiatives, providing leadership of sustainability-related best practices and procedures, while Joyce Mihalik, a certified industrial energy consultant, was named director of energy management. Mihalik will be responsible for the development, implementation and coordination of energy management and conservation strategies for the company’s commercial management portfolio.

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