Inside SV's Most Sustainable Development
The most sustainable project to hit Silicon Valley yet is teed up to deliver this summer at 1400 Page Mill Rd, and Bisnow took a walk around the development with the point man behind the family-owned project.
Hanover Page Mill Associates' James Gaither tells us the 87k SF project in Palo Alto's Stanford Research Park will set a new standard for quality and sustainability in commercial office buildings (here's James with his dad, Jim, who also is involved). James and Jim believe energy efficiency and Net Zero Electric are valuable building attributes in today's market, but will become essential in the future. The project is designed to meet the standards of LEED Platinum and Net Zero Electric from solar.
Here's an updated pic of the construction underway. James' grandfather, Stanley Wells Good Jr., leased the land from Stanford in 1959. His mom remembers going to the job site in 1960 and 1961 to watch the original construction.
The goal is to blur the boundary between indoor and outdoor, with two courtyards and California-adapted landscaping to envelop the building. In late 2013, law firm Morgan, Lewis & Bockius pre-leased 60k SF inside. Delivery of the core and shell is expected by July 1, and 29k SF is still available. CBRE's Doug Beck and Jim Fletcher are marketing it. James tells us he's got nothing else in the pipeline, as this is "his baby."
The team also includes Point Energy Innovations CEO Peter Rumsey (right), being interviewed by EBS' Matt Macko at Bisnow's recent Construction and Development event (Form 4 Architecture and Devcon Construction rounded out the team). Peter says the Page Mill Road project is a preview of what the norm will be come 2030, when all new commercial construction will be net zero. Tenants are already clued into the performance of a building these days and want to be in green ones—which can lead to premium rates for landlords.