Nordic design principles applied to New York real estate
345 Hudson, developed by Hudson Square Properties (HSP), provides a roadmap for sustainable practices by applying the Nordic design principles of holistic energy recycling and electrification. The 17-story commercial property located in Manhattan, NY was built in 1931 and features a mid-tier energy rating, aging heating system burning natural gas, and recurring carbon emissions fines starting in 2035.
The comprehensive retrofit takes advantage of tenant turnover as an opportunity to upgrade the building’s infrastructure to new, carbon-efficient, energy cost-saving technology and completely decarbonize the 856,000 gross square foot property. This project will demonstrate the power of thermal networking through an innovative approach by which heating and cooling is shared between tenants throughout the building and eventually between neighboring buildings.
Hudson Square Properties is a joint venture with Hines, Trinity Church Wall Street, and Norges Bank Investment Management, that owns 13 buildings totaling 6.3 million square feet in the Hudson Square Neighborhood.
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Project Status
Planning
Under Construction
Monitoring & Evaluation
Project Highlights
Step 1
Step 1: Examine Current Conditions
A baseline assessment is key to understanding current systems and performance, then identifying conditions, requirements or events that will trigger a decarbonization effort. The assessment looks across technical systems, asset strategy and sectoral factors.
Building System Conditions
- Equipment nearing end-of-life
- Comfort improvements
- Indoor air quality improvements
- Efficiency improvements
Asset Conditions
- Repositioning
- Tenant turnover/vacancy
- Carbon emissions limits
- Investor sustainability demands
- Owner sustainability goals
Market Conditions
- Market demand changes
- Policy changes
Step 2
Step 2: Design Resource Efficient Solutions
Effective engineering integrates measures for reducing energy load, recovering wasted heat, and moving towards partial or full electrification. This increases operational efficiencies, optimizes energy peaks, and avoids oversized heating systems, thus alleviating space constraints and minimizing the cost of retrofits to decarbonize the building over time.
Existing Conditions
This diagram illustrates the building prior to the initiation of Strategic Decarbonization planning by the owners and their teams.
Click through the measures under “Building After” to understand the components of the building’s energy transition.
Sequence of Measures
2022
2023
2024
2025
2026
2027
2029
Building System Affected
- heating
- cooling
- ventilation
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Step 3
Step 3: Build the Business Case
Making a business case for strategic decarbonization requires thinking beyond a traditional energy audit approach or simple payback analysis. It assesses business-as-usual costs and risks against the costs and added value of phased decarbonization investments in the long-term.
Strategic Decarbonization Action Plan
An emissions decarbonization roadmap helps building owners visualize their future emissions reductions by outlining the CO2 reductions from selected energy conservation measures. This roadmap is designed with a phased approach, considering a 20- or 30-year timeline, and incorporates the evolving benefits of grid decarbonization, ensuring a comprehensive view of long-term environmental impact.
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