Green Attracts Tenants to Paseo

Apartment tenants don't always care how green their building is. But in the case of the mixed-use Paseo Verde in North Philadelphia, WRT principal Antonio Fiol-Silva tells us the attention that Paseo Verde has been receiving for being "the greenest building in town," (according to Philadelphia Magazine) has been a major factor in the property reaching and maintaining high levels of occupancy (currently 98.5%). And the awards keep coming: The USGBC recently tapped Paseo Verde as LEED for Homes Project of the Year.

"This designation underscores the basic premise that Paseo Verde is a fundamentally healthier place to live, as well as a place that stimulates sustainable urban lifestyles,” Antonio says. WRT designed the property, which was the first project nationwide to receive LEED Platinum in the category of Neighborhood Development. Among other green features, it includes a well-insulated building envelope, highly efficient tankless water heating, individually controlled gas-fired heating and cooling units in each apartment, a 40 kW photovoltaic array on the roof and natural lighting.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

FBI Drops Investigation Into Financially Troubled StoryBuilt

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Dublin BTR Had A €1B Summer

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Developer Seeks Permit For Denver Energy Center Conversion Project

Airbnb Launches $250M Fund To Invest In Affordable Housing

Philly Has The Fundamentals. Now It Has To Reduce The Risk Of Building

DFW Multifamily Distress Creates Opening For Investors As Development Slows

Apartments Kick Off New Era Of Mixed-Use Activity In Philly Navy Yard