Gore Looking for LEED Office Space in Gotham

Al Gore’s investment firm, Generation Investment Management LLP, is looking for green office space in New York City, according to a report that appeared yesterday in Crain’s. Generation was founded back in 2004 and has offices in London and Washington, with another to open in Melbourne next year. The firm donates five percent of its [...]

Al Gore’s investment firm, Generation Investment Management LLP, is looking for green office space in New York City, according to a report that appeared yesterday in Crain’s. Generation was founded back in 2004 and has offices in London and Washington, with another to open in Melbourne next year. The firm donates five percent of its profits to The Generation Foundation, a non-profit organization “dedicated to strengthening the field of sustainable development and sustainability research worldwide.”

The announcement is particularly noteworthy because Sally Wilson, global director of environmental strategy for CB Richard Ellis, said that the space “must meet standards for energy efficiency and environmental friendliness set by the U.S. Green Building Council.” Given the small number of commercial buildings that have been certified here to date, Ms. Wilson’s task may be difficult. While a number of commercial LEED buildings are under construction (and more being announced with increasing frequency) an immediate move into existing LEED-certified space might not be possible. Still, the announcement that such a high-profile tenant is exclusively seeking LEED space is an important first, as well as a major boost for USGBC, and could spur owners reluctant to pursue certification to reconsider.

About Stephen Del Percio

Stephen Del Percio has written for gbNYC+ since 2006 and currently serves as in-house counsel for one of the world's largest engineering, construction, and technical services companies. He earned a B.Eng. from Columbia, his J.D. at William & Mary, and lives in New York City with his wife and daughter. You can follow Stephen on Twitter, email him at stephen@gbNYC.com, or join gbNYC on Facebook to continue the conversation.

about gbNYC

gbNYC is a multi-disciplinary consulting and real estate services firm. In addition to representing office tenants and commercial buyers in leasing and acquisitions, we also provide innovative consulting solutions from a unique, green building perspective. We advise on green building financial incentives, comment on proposed green building marketing strategies, author white papers, treatises, and market analyses, organize seminars on the LEED process and professional accreditation, and provide advice and analysis on green building risk management and the overall state of green real estate, leasing, and construction, in New York City and beyond.

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