Date post: | 19-Oct-2014 |
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Business |
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Green Exchange 2545 W. Diversey Avenue
Green Exchange Concept� Country’s first all green business community
� LEED Platinum renovation
� Leased to businesses & organizations that are advancing green initiatives
� Co-locating with like minded businesses creates powerful synergies
� GX is designed as a platform to help make tenants more successful
What is a Green Business?
Sample Green Businesses
EngineeringJohnson ControlsGeneral Electric
InsuranceHumana
EnergyExelonVestas
FinancialCalvertCCX
LawJenner & Block
MarketingLeo Burnett
Architectural & DesignGensler
ConstructionLeopardo
EducationCity Colleges of Chicago
How will Green Exchange drive tenant success?
� Business synergies with Co-Tenants
� Epicenter of green economy in Mid-west
� Exposure – media & signage
� Ability to attract & retain employees
� Positive affects of the LEED Platinum building on employee productivity
Green Exchange Press
Signage
Attracting
Employees
92% of young workers today
want to be employed at an
Environmentally Friendly
Company
Monster Track - 2007 survey
Value of a LEED Building
Studies indicate that locating in a LEED
Certified building can increase
employee productivity by as much as
15%!
Harvard Business Review
Value of a LEED Building
Assumptions Made
SF Office Space 5,000
Employees 20
Average Salary $50,000
Annual Payroll $1,000,000
Annual Increase in Productivity
% Increase Payroll Equivalent Per SF of Office Space
1% $10,000 $2.00
2% $20,000 $4.00
3% $30,000 $6.00
4% $40,000 $8.00
5% $50,000 $10.00
Building Layout� 4 Stories + 5th Floor Penthouse
� 1st & 2nd floors retail, showroom, & exhibit space
� Floors 3,4,&5 - 135,000 SF office space
� Minimum office size 2,500 SF
� Maximum contiguous office 30,000 SF
• With 20X20 private patio
LEED Platinum Design Features
� Excellent Indoor Air Quality
� Low Toxin Materials
� Maximized Natural Light
� Green Roof
� State the Art Energy Efficient Systems
� Solar Thermal & Photovoltaic
� Green Tenant Guidelines
(LEED certified interiors not required)
Green Exchange Details� Loft style spaces – 13.5 ft ceilings
� Windows – 10’X 20’
� Column spacing – 20 ft on center
� Fiber to the building
� HVAC – medium pressure loop stubbed to space
� Shell condition starting January 2009
� Building occupancy May 2009
Transportation
� 2 Bus lines that connect directly to Blue, Brown, & Red line trains
� Shuttle bus to Clybourn Metra
� Bike Room & Showers
� Shared Car Services
� Internal Executive Parking
� 500+ Car Garage (2 blocks)
Green Exchange 2545 W. Diversey Avenue
Tax Incentives
� Class L
– Taxes are 58% less than a traditional building
� Enterprise Zone
– Permanent Fixtures can be purchased Tax Free
Economics
� 3rd & 4th Floor Office - $24.00 gross with a base year
� Base Year Tax Estimate $2.61
� Base Year Operating Expenses Estimate $4.07
� Shell + $50 psf TI (subject to tenant’s credit)
� Rent Abatement – commensurate with lease term & tenant credit
� Market Commissions ($1.25 psf)
Developer
� Baum Development
� Principles – David & Douglas Baum
� 20 years of experience
� 90 projects across the country
� Multiple Historic Preservation Excellence and Good Neighbor Awards
� Long-term owners
Building Amenities� 8,000 SF Courtyard Garden
� Full service business center
� On-site restaurant and catering services
� Shared conference rooms with state of the art AV capabilities
� High-speed Internet access
� I-Go car sharing services
� On-site parking
Signage
Signage
Stacking Plans
Attracting
Employees
92% of young workers today
want to be employed at an
Environmentally Friendly
CompanyMonster Track - 2007 survey