Monday, April 21, 2008

Vestar Announces LEED Program For Marketplace

Hopefully, Vestar will not be seeking any additional incentives from Oro Valley on their Marketplace Development.

Retail developer Vestar Development has launched GreenStar, a commitment to sustainable shopping center building techniques with the goal of achieving LEED certification for new development projects.

The US Green Building Council currently doesn’t have an approved LEED program for retail projects. Guidelines were drafted in September 2007 and are currently in the pilot stage - Vestar is participating - but adoption is not expected until early 2009.

The first Vestar project to be part of the new initiative will be Oro Valley marketplace, a 900,000-square-foot center just north of Tucson. Projects throughout the Phoenix, Tucson, Las Vegas, San Diego and Los Angeles metro areas will be developed to the new standards which Vestar says will reduce water use, cut CO2 emissions, reduce waste and lower electricity consumption.Current Vestar projects are being evaluated for potential green retro-fitting.



Read more about LEED by clicking here.

3 comments:

raindancer said...

Even if Vestar implements the LEED program; they should not come looking to Oro Valley for money. I don't support Sanofi-Adventis getting any money either.

My reasoning: Any company that truly cares about the enivronment should not need an economic insentive!
If they really care...they will find the money in their own pockets. Those companies who choose to dig into taxpayer pockets
want the "glory" of saying they are green but don't want to spend their own dime to be earth friendly. To me that means; they really don't care.

raindancer

OV Objective Thinker said...

Raindancer...

Right on!!

Richard Furash, MBA said...

Don't you just love all this environment stuff? Why its hysterical. People finding ways to make other people buy their stuff. And the rest of us actually believing they care about the environment.

Anyway, this OV Markteplace LEED thing better not cost us anything more.