Wednesday, January 10, 2007

Focusing Green Building on Renovations

This article is about expanding the focus of 'green building' and the desire for LEED certification from mainly new construction to renovations. Considering renovating an existing structure is more environmentally friendly than constantly putting up new construction, it certainly makes sense. The article specifically focuses on the Rose Smart Growth Investment Fund, which acquires buildings near mass transit for investment purposes. They pay for the buildings to be renovated in a more environmentally-friendly way and find that they are able to increase rent even more per square foot than if they had simply renovated the buildings in a traditional way.

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