 Montesi |
Trademark's pledge is considered the largest of its type for mixed use and retail space in North Texas and possibly the entire state. "I don't know of anything larger," says David Rodriguez, Ware's VP and vice chairman of the North Texas US Green Building Council.
Going forward, all Trademark development and redevelopment projects will be green. The initial pledge covers five mixed-use projects in Texas and one in Colorado.
"We're committed to everything we're developing and redeveloping being LEED certified," Terry Montesi, CEO of the Fort Worth-based Trademark, stresses to GlobeSt.com. "We're not aware of any developer who's said going forward our entire pipeline is going to be LEED certified. We believe it's the right thing to do."
Similar pledges have been made by Houston-based Hines and CalPERS, Dallas-headquartered Cawley Wilcox, Granite Properties Inc., also from Dallas, and Jacksonville, FL-based Regency Centers Inc. But, all have included the caveat that it will be done "when it makes sense" or as in Regency's case, a percentage of its project load. In the Phoenix metro, Indianapolis-based Lauth Property Co. is planning to build 1.23-million sf of mixed-use LEED space in 2008.
In going a step further, Montesi not only vows to pursue certification for ground-up space, but also existing buildings in its redevelopment pipeline. "We have an incredible opportunity to make a significant change," he says. "And, I believe the market in a few years will put a lower value on properties that aren't LEED certified."
 Watters Creek |
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