It’s hard to be green in the Big Apple but real estate developers like SL Green are doing their part to change things. The company recently installed electric car charging stations at five of its suburban New York offices, representing an investment of $10,000 each.
The units can charge both electric-powered cars and plug-in hybrids. Car owners pay $1.50/hr for the first five hours; $3/hr above that. Stations are located in the parking lots of SL Green properties at 360 Hamilton Avenue and 140-150 Grand Street in White Plains; 100, 200 and 500 Summit Lake Drive in Valhalla, NY.
It is estimated that New York’s buildings account for approximately 75% of the city’s carbon emissions. Landlords have needed to become much more enviro-conscious and better conservers of energy. SL Green is leading the way in terms of making electric car charging stations more accessible but the company had previously introduced other measures, such as installing light sensors in its buildings.
In 2013, SL Green reduced its energy costs by $6.4 million, according to the company’s Director of Sustainability, Jay Black. Tenant demand for enviro-friendly housing and energy efficiency is strong and growing in a market where properties in general are in extremely short supply.
Going green is the right move for SL Green. The potential’s there for increasing profits and reducing carbon footprints.
A win/win for all.