I’ve been having computer problems lately which, coupled with a document review I’ve been stuck on out in the middle of nowhere, New Jersey (insert joke here), has made posting difficult- my apologies.
I was hoping to be in Denver this week at GreenBuild but some last minute work obligations obliterated my travel plans so, unfortunately, here I am. No complaints, though, it’s a great time of the year to be in New York. I hope to keep tabs on what’s taking place out there this week and update the blog accordingly.
Anyway, Bank of America announced plans last week to build its second green high-rise (its first is currently under construction at the corner of 42nd Street and Sixth Avenue here in Manhattan). The thirty-two story, 750,000 square foot building will cost $450 million and is scheduled for 2010 occupancy. Bank of America plans to apply for LEED Gold certification. Architecture firm Perkins and Will designed the tower.
- Bank of America to Build New Tower in North Carolina (Houston Chronicle)
1 South Dearborn Street, a 40-story office building developed by Hines, set a Chicago record earlier this month by selling for $420 per square foot. The 840,000 square foot tower opened only a year ago- the total sales amount works out to around $350 million. Developed by Hines, the building was “the first building in Illinois to receive LEED Silver pre-certification from the U.S. Green Building Council’s core and shell development program. It was also recently awarded the downtown office building of the year prize by the Chicago chapter of the National Association of Industrial and Office Properties.”
I wasn’t able to find any other figures for the building- like how much it cost Hines to build it- but I wanted to post about the sale because it strikes me as significant (how much so, I don’t know) that a LEED Silver building (only pre-certified) is setting the all-time Chicago per square foot sales record.
- Trophy Office Tower Sale Sets Chicago Record (Commercial Property News)