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

Housing Completions Close To 40,000 As LDA Adds Major Site And CEO Departs

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

Battered Mortgage REIT Suspends Dividend To Preserve Cash

4,500-Acre Data Center District Approved In Pennsylvania Town

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Affordable Housing Giant Starts $180M Philly Push: The Philadelphia Deal Sheet

'It's A 2-Way Street': Philly Hospital CEOs Seek Cost Savings From Architects, Builders

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague

Capital Flooded Into Bay Area Apartments. Then Treasury Yields Spiked

The New Challenge For Apartment Managers: Proving Listing Photos Are Real

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

How Pacific Northwest Multifamily Owners Are Using Sustainability To Strengthen Asset Performance