100 Park is Officially Leed Silver Certified
July 31st, 2009 at 12:48 PM
Plus, the Building Wins BOMA's International Renovated Building of the Year Award
New York, NY - (July 31, 2009) - SL Green Realty Corp. (NYSE: SLG) is pleased to announce that 100 Park Avenue, the 1950's completely redeveloped ‘New Modern Classic' across from Grand Central Terminal, has now been officially certified LEED Silver.
In addition, BOMA has just recognized 100 Park as International Renovated Building of the Year for 2009. This is the fourth recognition for the building, which was honored with BOMA's Pinnacle Award in 2008 for Best Renovated Office Building and BOMA's Middle Atlantic regional award in 2009 in the same category.
"We are extremely proud of the fact that 100 Park is one of the few if only existing buildings of its size to receive LEED Silver certification," said Edward V. Piccinich, SL Green Executive Vice President. "And, it's doubly gratifying that 100 Park has been acknowledged by BOMA with its prestigious award for International Renovated Building of the Year." The award was presented on June 30th, the closing night of BOMA's International Annual Conference.
"Since completion of its redevelopment, ‘The New Modern Classic' has experienced unprecedented success and recognition as a trophy property within the SL Green portfolio. There's no doubt that our recent renovation of the property certainly served as a vehicle for renewed interest and public attention, but this latest accolade is a culmination of the hard work put forth by hundreds of people over the past several years. SL Green looks forward to furthering the already sterling reputation of this world-renowned property," added Mr. Piccinich.
The recipient of a comprehensive $72 million capital program, the 36-story, 825,815-square -foot tower's makeover features significant infrastructure upgrades including new a cooling plant, increased electric capacity, and state-of-the-art security systems. LEED certification is based on the building's aggressive enhanced recycling capabilities and energy management program, including the installation of low-flow plumbing fixtures that reduce water consumption by an estimated 50 percent or almost one million gallons of water per year.
Built in 1950, 100 Park is also the first building of its type to install green roofs, a total of 14 in all-which employ a low-maintenance/water consumption Xeroflor mat system.
"We are thrilled to receive the prestigious LEED certification," said Steve Durels, SL Green Executive Vice President and Director of Leasing and Real Property, "and we are equally pleased that BOMA has recognized 100 Park for Best International Building of the Year. The building redevelopment successfully balanced a very attractive aesthetic together with a commitment to environmental sustainability. Just as important are the real savings that we have achieved through our green initiatives, the operational efficiencies as well as the enhancement to the value of the property. Post-development, the buzz in the industry has generated tremendous interest, spurring activity and heightening tenant demand.
About SL Green Realty Corp.
SL Green Realty Corp. is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages Manhattan office properties. The Company is the only publicly held REIT that specializes in this niche. As of March 31, 2009, the Company owned 29 New York City office properties totaling approximately 23,211,200 square feet, making it New York's largest office landlord. In addition, at March 31, 2009, SL Green held investment interests in, among other things, eight retail properties encompassing approximately 400,212 square feet, three development properties encompassing approximately 399,800 square feet and two land interests, along with ownership interests in 33 suburban assets totaling 6,986,500 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.
To be added to the Company's distribution list or to obtain the latest news releases and other Company information, please visit our website at http://www.slgreen.com/ or contact Investor Relations at 212-216-1601.
Tags: 100 Park Avenue, Steven M. Durels, Edward Piccinich, BOMA'S International Renovated Building of the Year Award