23 Jan '12, 9pm

Texas-Based ESCO to Retrofit First Commercial Building in New York City: In cooperation with its joint venture

In cooperation with its joint venture partner Mitsui & Company, Transcend Equity Development Corporation out of Dallas will perform a free $1.4 million energy-efficient retrofit at 125 Maiden Lane, a 17-story, 340,000-square-foot office condominium in the Financial District that is sponsored by Time Equities, Inc. The project is smaller than Transcend’s typical retrofit, which is usually between $2 million and $10 million. But the 8-year-old company took the work on anyway in order to get its foot in the door in the New York City market. “We want owners to get comfortable with us,” Transcend’s managing director Sean Patrick Neill recently told Crain’s . 125 Maiden Lane is home to many non-profit organizations, whose stretched budgets wouldn’t permit a comprehensive building renovation (despite Time Equities’ long-standing interest in upgrading the property). Now, over the ...

Full article: http://www.greenbuildingsnyc.com/2012/01/23/texas-based-e...

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