A high-profile New York multifamily community owned by Blackstone and Ivanhoé Cambridge has received the highest level of green building certification by the US Green Building Council (USGBC).
Stuyvesant Town-Peter Cooper Village (Stuy Town), the largest rental apartment complex in the US, has become the first in New York State to be awarded the Leadership in Energy and Environmental Design (LEED) Platinum certification, the highest level of achievement, according to the owners.
The certification is part of the new USGBC LEED for Communities programme.
LEED is a global green building rating programme for cities, communities and buildings to measure and track sustainability. The programme evaluates 14 key metrics that include energy, water, waste, education and health.
Blackstone and the real estate subsidiary of Caisse de dépôt et placement du Québec (CDPQ) acquired the complex in 2015 for $5.3bn (€4.6bn). The complex has over 11,200 multifamily units in 56 buildings across 80 acres in Manhattan’s East Village.
Ken Caplan, the global co-head of Blackstone Real Estate, said: “We are honoured to have received this certification and we’re incredibly proud of our commitment to sustainability at Stuy Town.
“Stuy Town has been the ideal place to test and implement innovative green solutions as we work towards increasing energy efficiency throughout our portfolio.”
Mahesh Ramanujam, president and CEO of USGBC, said: “Stuyvesant Town and Peter Cooper Village serve as a prime example of the measurable outcomes that can come from innovative sustainability strategies and resilient goals.
“Their projects are leading the way and we couldn’t be more pleased to partner with them in helping USGBC achieve its mission.”