Thursday, May 27, 2010

One Victory Park Greenlit

Got a note from Hines today about One Victory Park in Dallas.  The 17-sotry skyscraper has been granted LEED Silver status.


The full press release follows:


HINES' ONE VICTORY PARK DESIGNATED LEED SILVER
AND DESIGNED TO EARN THE ENERGY STAR 
 
(DALLAS) - The Dallas office of Hines, the international real estate firm, announced today that One Victory Park has received Silver certification under the U.S. Green Building Council's LEED® for Core & Shell rating system.
            One Victory Park was also designated by the U.S. Environmental Protection Agency as Designed to Earn the ENERGY STAR®, acknowledging the building's superior design intent.  If the building performs as designed, it will be 64 percent more energy efficient than the national average office building.
One Victory Park is a 17-story, 445,000-square-foot office building located in Uptown Dallas, between downtown Dallas and the Turtle Creek area.  Anchoring the office component of the mixed-use, master-planned Victory Park development, One Victory Park is immediately adjacent to recent major projects, including the American Airlines Center and the W Hotel.  Hines co-developed the office property in 2008 with a local developer and owns it in a joint venture with affiliates of Estein & Associates USA, Ltd.  Hines manages the building.
Some of the building's green features and programs include: selection of a reclaimed brownfield site for development; a comprehensive construction waste recycling program; underfloor air distribution; installation of water-saving fixtures and regenerative-energy elevators; perimeter-to-core daylighting; use of high-performance window glazing; proximity to rail and bus transit; building-wide recycling; and implementation of a bicycle commuter support program, among others.
Hines Project Manager and LEED Accredited Professional David Karr said, "As a part of the Victory Park development, we wanted to offer something new and different to our tenants.  This tower represents a departure from traditional office product in that it is innovative in design, cost-efficient in operations and superior in terms of tenant experience."
One Victory Park is 86 percent leased to Ernst & Young, Haynes Boone and PlainsCapital Corporation.
About Estein & Associates USA, Ltd.
Estein & Associates USA, Ltd. and its affiliates ("E&A") have been in business since 1974 in Germany and have been investing in real estate in the United States since 1978.  Since the early 1990s, E&A's investments have been exclusively made in the United States and have expanded further to office buildings, power centers, hotels, industrial buildings and lifestyle centers.  E&A raises the funds for its investments through its affiliate in Germany, US Treuhand GmbH.  E&A has raised and invested over $3 billion in equity in total.  At present E&A is a partner in hotels, office, retail and other commercial projects totaling over 10 million square feet of GLA.  The projects are managed by affiliates of E&A's U.S. partners, which include prominent real estate investment trusts, pension plans and public and private real estate companies. Currently, E&A, through its funds, is invested in assets that exceed $3 billion of total value and that have equity in excess of $1.2 billion. 
 About Hines
Hines is one of the most sustainable real estate companies in the world.  In 2010 Hines was recognized by the EPA, for the third time, with the ENERGY STAR Sustained Excellence Award; Hines manages 147 labelled buildings, representing approximately 75 million square feet, in the ENERGY STAR program.  Twelve Hines development or redevelopment projects, representing more than six million square feet, have been designated as Designed to Earn the ENERGY STAR.
Hines is also a leader in the U.S. Green Building Council's programs, with 192 projects, representing more than 100 million square feet that have been certified, pre-certified or registered under the various LEED rating systems.  Hines was a founding member of the German Sustainable Building Council and the Russian Green Building Council, and is active in the Green Building Council Brasil, the Green Building Council Espana, the Green Building Council Italia, the Indian Green Building Council, the BRE Environmental Assessment Method program in the United Kingdom and the Haute Qualit√© Environnementale program in France.
Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm's historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,111 properties representing more than 451 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Hines has offices in more than 100 cities in 17 countries and controls assets valued at approximately $22.2 billion. Visit www.hines.com for more information. To learn more about sustainability at Hines, visitwww.hines.com/sustainability.

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