According to developers, Long Island City will be the largest office building in the country designed according to passive house standards.
JNY Capital and United Hoisting Company will build their 425,000-square-foot office on 38-42 12th Street to environmentally friendly standards, developers told The Real Deal.
Passive house specifications, first developed in Germany, require that buildings use extremely little energy, usually through the use of insulation systems that require less heating and cooling.
The $ 175 million development, known as the Oasis, will include solar panels, a green roof system, and a highly efficient mechanical system, among other things.
“We have created an environmentally conscious building that provides workers with a safer and healthier office environment to return to and is a benchmark for sustainability and innovation,” said Moshe Pinsky, Vice President of JNY, who added that the project is expected to be in the first step laying the foundation stone will be half of next year.
A team from Lee & Associates NYC made up of Mitchell Salmon, Corey Abdo, Catherine O’Toole and Stephanie Moore is handling the pre-letting of the project.
New York City already has passive house projects on the Cornell Tech campus on Roosevelt Island and in Harlem. In front of the oasis, the country’s largest planned passive house office was a 233,000 square foot project at 310 N. Sangamon, Chicago.
New York City Council has urged the real estate industry to take green measures on existing buildings. In 2019, the council passed the Climate Mobilization Act, which penalizes developers who fail to cut greenhouse gas emissions on properties larger than 25,000 square feet. However, landlords are now concerned that hospital-grade filters needed due to the pandemic will make it more difficult to meet the goals set out in Local Law 97.
Buildings accounted for an estimated 67 percent of the city’s emissions in 2015, according to a 2017 report.
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