SAN FRANCISCO-As GlobeSt.com reported this morning, Carbon Lighthouse has completed a retrofit on the Flood Building, a historic downtown San Francisco office and retail building. Cumulatively, the retrofits will save the tenants of the Flood Building over $1 million in lifetime energy costs while eliminating 870 tons of CO2 per year over the 12-year to 15-year lifespan of the project.
The Flood Building is a downtown San Francisco landmark with over 350 commercial and retail tenants. Built in 1904—and a survivor of the 1906 and 1989 earthquakes—the Flood Building stands at 300,000 square feet and 12 floors.
Tenants include the flagship stores for Gap, Urban Outfitters and Anthropologie. Along with Wilson Meany, the Flood Building's property managing agent, a partnership was entered into with Carbon Lighthouse in late 2012 to unlock additional energy saving opportunities.
The building had already undergone extensive energy efficiency upgrades that made it more efficient than over 75% of similar commercial buildings. In the project's first year, the building's tenants will receive a 15% reduction in utility costs, which translates to lifetime savings of about $4 per square foot.
“In addition to saving our tenants money on their utility bills, this project makes a significant dent in our building's carbon footprint,” said building owner, Jim Flood. “Carbon Lighthouse's work aligned with our mission to preserve the integrity of this historic space while modernizing our operations as much as possible. Even better, the project was smooth and stealthy, and posed no disruption to the day to day business of our tenants.”
According to Carbon Lighthouse CEO Brenden Millstein, “the Flood Building has demonstrated environmental leadership by profitably reducing its energy use and enabling tenant energy savings as well. We were excited to take on the challenge of helping Flood optimize their resources by digging into the data and delivering economically valuable projects.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
