Over the last DECADE, the portfolio has invested significantly in INDUSTRY LEADING ENERGY AND SUSTAINABILITY improvements, including switching from using fuel oil as a heating source to CLEANER burning natural gas, installing MODERN HVAC control systems and WATER AND ENERGY meters for 100% data coverage.
Recently, the portfolio has chosen to participate in the GLOBAL REAL ESTATE SUSTAINABILITY BENCHMARK (GRESB), which assesses the sustainability performance of leading real estate portfolios and assets worldwide.
Assessment participants receive comparative business intelligence, on where they stand against their peers, a ROADMAP with the actions they can take to improve their Environmental Social and Governance performance and a communication platform to engage with investors.
The entire portfolio is pursuing LEED Gold certifications with 11 of 12 buildings currently certified as GOLD and all 12 buildings securing the 2022 WELL Health and Safety Rating.
ENVIRONMENTAL
As an official partner in the prestigious NYSERDA Empire Building Challenge Hudson Square Properties and Hines are designing and implementing an industry-leading scalable solution to decarbonizing commercial real estate buildings. By 2032, with 345 Hudson serving as the precedent-setting project, whole-building energy use would be expected to drop by more than 50% to about 38 kBtu/sf— 80% lower than an average large New York City office building. Total building carbon emissions would fall 85%, with reductions increasing towards 100% as New York’s electric grid becomes fully renewable. Notably, post-retrofit peak heating and cooling loads would fall by 92 and 63% respectively, reflecting the significant benefits of capturing, sharing, and recycling heat.
Source: Building Energy Exchange (BE EX)
RESULT: As the first set of floors are retrofitted to this new model, the industry will be provided a clear showcase for how brown assets—buildings that are at risk of future carbon costs—can be converted into GREEN ASSETS that are FULLY PREPARED for an ALL-ELECTRIC, LOW-CARBON ENERGY FUTURE.
Through like-minded partnerships we are able to impact Hudson Square as a whole for generations to come.
Whether through public streetscape design competitions or rolling up our sleeves to clean up Hudson River Park, we are ensuring that investment in our community and stewardship of social programs for public benefit are deliberate and intentional.
To learn more about volunteer opportunities you can follow us on Instagram.
Download Social Policy
Whether through public streetscape design competitions or rolling up our sleeves to clean up Hudson River Park, we are ensuring that investment in our community and stewardship of social programs for public benefit are deliberate and intentional.
To learn more about volunteer opportunities you can follow us on Instagram.
Download Social Policy
Urban Design Forum & Women In Practice
Restorative Ground, a multisensory high-design streetscape in partnership with The Urban Design Forum and Women In Practice.
Fractured Spectrum
The revitalization of the Greenwich Street corridor from West Houston to Spring Street enlisted the help of over 360 volunteers over the course of 4 days. In partnership with Publicolor, UPS, and the Hudson Square BID, over 11,000 square feet have been transformed into a vibrant community mural.
Annual Earth Day Clean Up At Hudson River Park
Governance
Our Commitments to Responsible Investment and Governance
We operate with the HIGHEST LEVEL of ETHICAL STANDARDS, with governance in place to ensure that these STANDARDS ARE FOLLOWED.