Ten prominent real estate groups have signed on as partners in New York State's $50 million Empire Building Challenge, an effort to make high-rise buildings carbon-free.
Challenge partners collectively control over 130 million sf of real estate in New York State, including more than 250 buildings that contain affordable housing. The partners have each pledged to achieve carbon neutrality in one or more of their buildings and in more than 700 units of affordable housing collectively. They also have the potential to scale efforts across their portfolios to more than 25,000 units of affordable housing. Exceeding program requirements, Vornado, Empire State Realty Trust, and Rudin Management Company have all committed to achieving carbon neutrality in their entire real estate portfolios.
Partners will choose technology and innovation experts to help develop a replicable low-carbon retrofit solution proposal for addressing one or more barriers to achieving decarbonization in their buildings. Partners can submit retrofit solution proposals to the state to be evaluated competitively for up to $5 million to support development and implementation of their proposal.
Proposals will be evaluated based on a project’s scalability and feasibility in addressing the major challenges of decarbonizing high-rise buildings, and also on the building owner's willingness and ability to implement solutions across their portfolio.
Related Stories
Codes and Standards | Aug 2, 2022
New tools help LEED projects reach health goals
The U.S. Green Building Council now offers tools to support the LEED Integrative Process for Health Promotion (IPHP) pilot credit.
Codes and Standards | Jul 29, 2022
Few projects and properties are being built beyond code
Clients and architects disagree on how well building to code provides resilience, according to a recent report by the American Institute of Architects (AIA) in partnership with Owens Corning.
Multifamily Housing | Jul 28, 2022
GM working to make EV charging accessible to multifamily residents
General Motors, envisioning a future where electric vehicles will be commonplace, is working to boost charging infrastructure for those who live in multifamily residences.
Codes and Standards | Jul 27, 2022
Biden administration proposes drastic flood insurance reform
The Biden administration’s proposed major overhaul to the National Flood Insurance Program, or NFIP, would drastically alter how Americans protect homes and businesses against flooding.
Codes and Standards | Jul 22, 2022
Office developers aim for zero carbon without offsets
As companies reassess their office needs in the wake of the pandemic, a new arms race to deliver net zero carbon space without the need for offsets is taking place in London, according to a recent Bloomberg report.
Codes and Standards | Jul 22, 2022
Hurricane-resistant construction may be greatly undervalued
New research led by an MIT graduate student at the school’s Concrete Sustainability Hub suggests that the value of buildings constructed to resist wind damage in hurricanes may be significantly underestimated.
Building Team | Jul 20, 2022
San Francisco overtakes Tokyo as the world’s most expensive city for construction
San Francisco has overtaken Tokyo as the world’s most expensive city for construction, according to a new report from Turner & Townsend.
Airports | Jul 18, 2022
FAA will award nearly $1 billion for airport projects
The Federal Aviation Administration (FAA) will award nearly $1 billion to 85 airports of all sizes across the country to improve terminals.
Building Team | Jul 13, 2022
The YIMBY movement emerges as valuable advocate for affordable housing
Over the past few decades, developers grew accustomed to nothing but staunch opposition to dense affordable housing project proposals.
Codes and Standards | Jul 12, 2022
USGBC sets out principles for LEED’s future
The U.S. Green Building Council recently published a report containing principles outlining how LEED will evolve.