Monday LEEDoff*: Homestead Savings Bank, 283 Genesee St., Utica, New York

It’s not just Al Gore and other high-profile tenants that are actively looking for green office space. Upstate in Utica, New York, two local businessmen have secured a construction loan from NTB Bank for an $800,000 rehabilitation of the former Homestead Savings Bank at 283 Genesee Street, which will seek an unspecified level of LEED [...]

It’s not just Al Gore and other high-profile tenants that are actively looking for green office space. Upstate in Utica, New York, two local businessmen have secured a construction loan from NTB Bank for an $800,000 rehabilitation of the former Homestead Savings Bank at 283 Genesee Street, which will seek an unspecified level of LEED certification. The building will be the new home of Hage & Hage, LLC, a Utica-based law firm since 1930. The building’s assessed value is $218,900, and last week the Utica Industrial Development Agency approved ten-year PILOTs (payments in lieu of taxes) for the development entity, which is led by Joseph G. Karam and J.K. Hage III, one of the firm’s attorneys. According to Joseph Hobika, Jr., general counsel to the Agency, the project’s alternative energy initiatives made it an extremely attractive candidate for Utica’s PILOT program. Construction should wrap up sometime next spring.

Specific green features include a geothermal heating and cooling system, a green roof, and other LEED-standard elements ranging from low-VOC paints and sealants to energy-efficient lighting and glazing and furniture manufactured from recycled content. The project team will also include Utica-based contractor H.R. Beebe and designers Bonacci Architects. Lower-profile green projects are no less important than those at the high end of the market, and collectively dwarf efforts on the scale of Bank of America Tower. Projects on the scale of the Homestead Savings Bank that involve adaptive reuse are a critical base for green building, and are of particular interest to us when they’re located here in the Empire State.

*The Monday LEEDoff is sponsored by Blumberg Capital Partners, which specializes in U.S. investment and asset management of commercial real estate. Its investors are high net worth individuals and institutional investors, including pension funds, foundations and banks. Visit the Philip Blumberg Blog for additional information.

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.

Our blog, the gbNYC+ journal of real estate, law, + sustainability, delivers consistent, original content - from a New York City perspective - on how technology, data, and sustainability are changing how we interact with our built environment. Subscribe below and receive new articles as they're published or connect with our social media presence to join our ongoing conversation about real estate and sustainability, in the Big Apple and beyond. Contact us at (201) 835-8530 or info@gbNYC.com for more information about our services and to discuss how we can assist you.

, , , , , , , , , ,

4 Responses to Monday LEEDoff*: Homestead Savings Bank, 283 Genesee St., Utica, New York

  1. KAREN A. BROWN Wednesday, July 21, 2010 at 3:07 pm #

    I am looking for The Homestead savings and loan Association of Utica. If you have a telephone number or someway I can get ahold of the morgage
    department would you please let me know.
    Thank-you for your help.
    Karen Brown

    • KAREN A. BROWN Wednesday, July 21, 2010 at 3:09 pm #

      The address is 283 Genesee St. Utica, NY

  2. Pointer Men's Basketball Saturday, October 30, 2010 at 6:18 am #

    Maybe you should edit the blog subject title Monday LEEDoff*: Homestead Savings Bank, 283 Genesee St., Utica, New York | greenbuildingsNYC to more specific for your webpage you create. I liked the post all the same.

Trackbacks/Pingbacks

  1. green furniture | Data dot info - Tuesday, January 8, 2008

    [...] Monday LEEDoff*: Homestead Savings Bank, 283 Genesee St., Utica, New York [...]