Wednesday, June 24, 2009

Sears Tower to go for the Green

An exciting development on the national real estate front - Sears Tower has announced plans to invest over $350M in energy enhancements to the already LEED certified structure. Why is this good? From a macro standpoint, a massive investment like this in such an iconic structure symbolizes the growing movement towards more sustainable design (which Urban Visions likes to see). Aside from considerable cost savings, Sustainable buildings enhance productivity, increase marketability in terms of leasing and sales, reduce a building's impact on the environment, and all and all provide a unique competitive advantage over the competition.

The following article is from Argus Global Viewpoints, and outlines this huge capital investment in more detail:

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