REAL ESTATE

PREIT’s 801 Market Street building earns LEED Gold

BY CSA STAFF

Philadelphia Pennsylvania Real Estate Investment Trust (PREIT) said it was recently awarded the U.S. Green Building Council’s Leadership in Energy and Environmental Design Core and Shell (LEED-CS) Gold Certification for 801 Market Street, the historic Strawbridge & Clothier building in downtown Philadelphia.

801 Market Street is one of the first historic buildings in Philadelphia to obtain Gold Level LEED certification.

The rehabilitation of 801 Market Street, which was originally constructed as two adjoining buildings in 1902 and 1929, was driven by the goals of historic preservation and sustainability, according to PREIT. The project incorporated green design and construction techniques such as water efficiency, efficient energy usage, recycled materials, local resources, CO? emissions reduction, and indoor environmental quality.

PREIT led the redevelopment along with BLT Architects, Shoemaker/Synterra a joint venture, John Milner Associates, and C.B. Development Services.

“A major goal for the project was to include environmentally friendly concepts while preserving the building’s historic character,” said Chris Mrozinski, VP PREIT. “In addition to achieving the LEED Gold Level certification, we obtained federal historic tax credits for the rehabilitation project. Only a handful of buildings in Philadelphia hold these accomplishments.” 

The property’s LEED features include a new roof with white roofing material that reflects heat, restrooms with water-saving fixtures that reduce water usage by more than 40%, energy-saving HVAC systems that provide fresh air via a heat exchanger, and numerous measures to protect indoor air quality during construction.

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REAL ESTATE

Polo Ralph Lauren opens women’s flagship in Manhattan

BY CSA STAFF

New York City Polo Ralph Lauren Corp. opened a four-floor, 22,000-sq.-ft. women’s flagship on Madison Avenue in Manhattan. The luxurious store is located across the street from the company’s Rhinelander Mansion store, which has been converted into Lauren’s men’s flagship.

The flagship, located in a Beaux-Arts building that was built from the ground up, is dedicated to Lauren’s women’s and home collections and also features the designer’s first domestic Watch & Jewelry.

The store is outfitted with luxury materials and details that give the space a residential, Parisian feel. A grand marble staircase with an ornate handrail sweeps up through the four floors.

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REAL ESTATE

Report: Wegmans to enter Massachusetts

BY CSA STAFF

New York City Wegmans Food Markets plans to open its first Massachusetts store, according to The Boston Globe. The grocer is slated to open a 135,000-sq.-ft. store that will anchor a $100 million shopping and residential complex called Northborough Crossing.

“Over the next five to seven years, we might have half a dozen locations in Massachusetts,” said Ralph Uttaro, VP real estate development for Wegmans, in the report. “We’re looking for high-density areas with high levels of income and education.”

The Northborough store is scheduled to open in fall 2011.

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