Even before this fall’s meltdown on Wall Street and the expected slowdown in new construction, many commentators were speculating that green retrofits would be the next frontier for the sustainable building market. Indeed, we’ve already seen a number of high-profile renovation projects announced here in the New York City area this year, including M1 Real Estate’s LEED-driven makeover of the historic Argonaut Building on West 57th Street in Midtown.
Up in the Bronx, Taconic Investment Partners and Denham Wolf are currently in the process of pursuing an unspecified level of LEED for Core and Shell (“LEED-CS”) certification for the landmarked American Bank Note Building- now dubbed The BankNote- in Hunts Point, which dates from 1909. For most of the 20th century, the 405,000-square-foot complex was where various financial instruments- including stock certificates- were engraved and printed.
Taconic and Denham have retained architects Beyer Blinder Belle in connection with the $25 million renovation and is targeting non-profits and design firms as office tenants. The project got underway back in March; green features include energy efficient windows and daylighting, upgraded plumbing and lighting fixtures, and HVAC systems that are controlled by individual tenants. The project team will also install a photovoltaic system and Majora Carter’s Sustainable South Bronx organization- which is already a tenant- will monitor and maintain a green roof.