Burnham-Moores Center for Real Estate University of San Diego
Short Description
Download Burnham-Moores Center for Real Estate University of San Diego...
Description
Burnham-Moores Center for Real Estate
University of San Diego Master of Science in Real Estate Presentation
Bullitt Center April 30, 2013
Thomas Bobo Justin Farrar Zabrina Johal Please do not quote or use this presentation without appropriate recognition. Thank you!
“The Greenest Commercial Building in the World” • GOAL: revolutionize how commercial buildings are designed and built and eventually turn a profit • Opened on April 22, 2013—Earth Day! • Living Building Challenge • Located at 15th Avenue and East Madison Street Burnham-Moores Center, MSRE Program, University of San Diego
Burnham-Moores Center, MSRE Program, University of San Diego
Major Players • Owner – Bullitt Foundation – Established in 1952 by Dorothy S. Bullitt – Inherited 28% of the King Broadcasting Stock in 1989 – Devoted to protecting and restoring the environment of the Pacific Northwest – Leases half of the top floor (6th)
• Architect – The Miller Hull Partnership – Established in 1977 – Emphasis on socially responsible and human public architecture – Diverse assortment of projects – Reputation is based on simple, innovative and authentic designs
• Developer – Point 32 – Delivers quality buildings, strong financial returns, and pride of ownership – Leases the entire 4th Floor Burnham-Moores Center, MSRE Program, University of San Diego
The Bullitt Center: Worth Every Penny for Tenants with Similar Intrinsic Values “We aren’t making the move due to dollars and cents, but because we want to be part of something pioneering that reflects our values.” - Bullitt Center Tenant
• Bullitt Center Drivers – State of the art demonstration – Goal: build the greenest possible building ever built
• “A little pricey” – Construction costs added up to $355/sf ($55/sf more than typical) – Slightly less than most new building downtown • Located 1 mile east of downtown – far removed from amenities
– Does not appeal to the typical tenant
• Appeals to first-of-a-kind adopters with “green” values Burnham-Moores Center, MSRE Program, University of San Diego
Multi-Tenant 50,000 S.F. Office Building • The building was preleased and open to the public • Tenants started moving in March 2013 • Multi-tenant – 80% leased Floor
Tenant, Current Leasing Status
1
Leased - International Living Future Institute, University of Washington Integrated Design Lab
2
3 4 5 6
Interchange Media Art Productions (400 sf), ~ 2k square feet remaining ~ 8k square feet remaining Leased – Point 32 (desk subletting) Leased - Intentional Futures Leased - 50% Bullitt Foundation Burnham-Moores Center, MSRE Program, University of San Diego
Project Realization • Bullitt Foundation
• Education partners: University of Washington and Cascadia Green Building Council • Department of Planning and Development • New Market Tax Credits • US DOE and Pacific Northwest National Laboratory • Tenants
• Still seeking philanthropic partners to fully realize the vision – Center for Energy and Urban Ecology and McGilvra Place Green Infrastructure Burnham-Moores Center, MSRE Program, University of San Diego
Awards and Certifications • Projected to meet the Living Building Challenge – Site, water, energy, health, materials, equity and beauty – Performance-based and evaluated after one year of operation
• 2012 Forest Stewardship Council Design & Build Award – Use of sustainable lumber
• 2012 Seattle AIA Award – Best in sustainable design
• LEED Platinum Burnham-Moores Center, MSRE Program, University of San Diego
Challenges Design
1) Energy consumption 2) Energy generation
Materials
Safe, non-toxic, and durable materials
Regulation
Rainwater use, roof overhang, restrooms
Burnham-Moores Center, MSRE Program, University of San Diego
Design
Burnham-Moores Center, MSRE Program, University of San Diego
All image sourced from Bullitt Building official blog
Composting toilets • Phoenix Composting Toilets from Advanced Composting System of Whitefish, Montana • Saves water, energy, and eliminates nutrient release into the watershed • Unique to commercial buildings Burnham-Moores Center, MSRE Program, University of San Diego
Solar Energy Seattle
Annual rainfall: 38.6 in Cloudy days: 225 Rainy days: 150
Burnham-Moores Center, MSRE Program, University of San Diego
Daylighting
False color imaging of a photo taken inside a physical model of the level 2 mezzanine provides visualization of luminance levels and the influence of a skylight. Daylighting analysis of early atrium scheme showing limited daylight effects on levels 5&6 Burnham-Moores Center, MSRE Program, University of San Diego
Interior lighting effects: ceiling height 11’6” ceiling height
N
Orientation
14’2” ceiling height
77% of floor has daylight levels below the 2% daylight factor
38% of the floor area has daylight levels below the 2% daylight factor
39% increase Burnham-Moores Center, MSRE Program, University of San Diego
Rainwater cistern • City of Seattle has not approved treated rainwater to be used as a potable source. • Ownership of rainwater is contentious issue. Burnham-Moores Center, MSRE Program, University of San Diego
Pop Quiz • Water Capture: – Seattle has a higher annual rainfall (measured in inches) than how many of these cities? 1. 2. 3. 4. 5. 6.
Boston Atlanta Nashville NYC New Orleans Houston Burnham-Moores Center, MSRE Program, University of San Diego
Pop Quiz: Answer Avg. Annual Rainfall in Inches 64 39
Seattle
43
Boston
50
48
Atlanta Nashville
49
48
NYC
New Houston Orleans Source: Denis Hayes interview, NOAA
Burnham-Moores Center, MSRE Program, University of San Diego
Water Cost Seattle: Less than a penny a gallon • Off-Peak (Sept 16 – May 15) = $4.50 / CCF • Peak (May 16 – Spet 15) = $5.72 / CCF Source: Seattle Public Utilities District
Burnham-Moores Center, MSRE Program, University of San Diego
How well has the project worked? • “This is a market rate project” – Absorption was in line with expectations – 80% occupied at opening
• Core & Shell costs = $18.5 Million – That’s $355/sf – “More of a warm shell” – Plan to “normalize” costs for comparison Burnham-Moores Center, MSRE Program, University of San Diego
Energy Reduction
Burnham-Moores Center, MSRE Program, University of San Diego
Energy Uses
Burnham-Moores Center, MSRE Program, University of San Diego
Benefits • White roof = 15% cooling load savings • Solar = “Net Metering” – 30% Federal grant toward PV purchase – Federal Tax Credit for up to 30% of installation cost of PV system – 100% rebate on Sales & Use Tax for installation
Burnham-Moores Center, MSRE Program, University of San Diego
Bullitt Center Solar Energy
Burnham-Moores Center, MSRE Program, University of San Diego
Electricity Prices 2011: 6.72 cents/kWh
2011 Rate Source: Seattle Seattle City Light
Burnham-Moores Center, MSRE Program, University of San Diego
National Payback Forecasts on PV 20-30 Years
Burnham-Moores Center, MSRE Program, University of San Diego
Summary • “If the building is still the highest-performing one of its kind 10 years from now, the experiment will have failed.” –Denis Hayes • Reaching for Living Building Challenge – 12 months to prove it
Burnham-Moores Center, MSRE Program, University of San Diego
View more...
Comments