Local Press Round-Up
.jpg)
Here are a couple of articles from newspapers serving the South Jersey area that caught my eye over the weekend:
The first is by Diane Mastrull of The Philadelphia Inquirer about an upscale multi-family property in New York using a wastewater-recycling system designed, installed and managed by American Water, which is based in Voorhees, NJ. The name of the property is the Visionaire, located in Battery Park, which opened in September/2008 with LEED Platinum certification, the highest of the U.S. Green Building Council's sustainability standards.
The information about American Water's efforts to become more efficient and green is interesting, but what caught my eye was the fact that the owner's decision to use the system at a cost of nearly $2 million was an incentive from NYC: a 25% reduction in water rates. According to Russell Albanese of the Albanese Organization, developer of the Visionaire:
The city's rates have been increasing on average 11 percent a year, so the savings over time should become more significant.
The second article was from Erik Ortiz of The Press of Atlantic City about the generally still-bleak outlook for local malls and retail in Atlantic County, NJ. What caught my eye was the efforts by the new owners of Heather Croft Square to increase occupancy which apparently will include new frontage.
The moral of the stories for me: sometimes you have to spend money to make money.
