"The initial response from tenants has been extremely positive," says Hartz president and COO Emanuel Stern. "We feel that our systemic approach to sustainability will measurably and significantly reduce our portfolio's carbon footprint."
The program, which company officials estimate will cost "several million dollars," includes specifying sustainable building products for all future construction and renovation projects. It also calls for higher efficiency lighting and mechanical equipment, use of renewable energy sources and implementation of a monitored recycling program and construction waste management plan.
Specifically, Hartz is planning to spend $3 million later this year on a solar panel installation on the 65,000-sf roof of its Meadowlands Exposition Center. It's expected to supply about 500,000 KWH, or more than a quarter of the building's electrical consumption.
"We expect to quantify the results of our program on an annual basis." Stern says. "That's the key to being effective."
Also part of the plan are replacement of 1,500 incandescent bulbs with compact fluorescent lamps; use of the Utilivisor HVAC and energy management controls program in the company's multi-tenant office buildings; and installation of waterless facilities in restrooms as they're renovated.
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