Planetizen - Urban Planning News, Jobs, and Education

A Golden Shade Of Green

<p>The Solaire, the first residential high-rise to earn “LEED Gold” status, is not just a premier environmentally friendly building—it’s also a big moneymaker.</p>
November 12, 2006, 1pm PST | Deborah Myerson
Share Tweet LinkedIn Email Comments

"Rising from the streets of Lower Manhattan is the Solaire, a pioneering green apartment tower that has lurched to the edge of calamity and back. Located a few blocks from the site of the World Trade Center, only the first story had been built on Sept. 11, 2001 when terror attacks struck. Not long afterwards, development financing fell apart as lenders lost confidence in the viability of the residential market in the shaken neighborhood. Finally, financing in the form of Liberty Bonds--public guarantees for housing and commercial projects in Lower Manhattan--brought the Solaire back to life. And just as its doors opened in 2004, the Manhattan rental market took off to reach new heights, making the residential building a lovely blend of green and gold."

Full Story:
Published on Friday, November 10, 2006 in The Globe and Mail
Share Tweet LinkedIn Email