Malkin Properties: Leading in Sustainability and Green Practices

Malkin Properties’ proactive innovation, sustainability initiatives, and energy-efficiency efforts continue to produce results and recognition, as reflected by the company’s garnering of energy efficiency and environmental awards during the past year.

Last spring, Ten Bank Street, Malkin Properties’ Trophy office building in White Plains, NY, won the Building Owners and Managers Association (BOMA) Award for “Best Green Initiative Building,” an honor that recognized the value and benefit to our tenants of the portfolio-wide measures implemented at our suburban properties, including single-stream recycling, green cleaning and pest control, water conservation (with auto flush-o-meters and metered faucets), lamp and electronics recycling, energy-efficient lighting, and variable frequency drives on fans and pumps driven by electric motors.

And this summer, First Stamford Place completed the Corporate Sustainability Challenge, a pilot program led by Sustainable Stamford, the city’s environmental task force, and the Southern Connecticut chapter of BOMA. Among the initiatives either already in place or adopted and implemented by Malkin Properties at First Stamford Place consistent with the program’s objectives are the following: re-placement of low-efficiency electric motors, installation of premium-efficiency drive belts for HVAC motors and fans, installation of variable frequency drives on the property’s chiller plants, occupancy sensors in all new tenant spaces, replacement of lighting within the complex’s common areas, mechanical rooms, and garages; installation of low-flow fixtures within all restrooms, and retrofitting of drip irrigation throughout the property.

Malkin Properties anticipates saving up to 15% on energy costs and up to 45% on water usage by effecting these measures. And in 2012, we will be replicating the groundbreaking energy-efficiency retrofit analysis and investment currently nearing completion at our New York City “sister” property, The Empire State Building, another Malkin investment.

“Our goal is to create a package of energy-efficiency measures that not only saves energy and reduces water usage, but creates a healthier, more productive work environment and lowers operating costs,” says Gerrit Blauvelt, head of property operations at Malkin Properties. “We pride ourselves on being the premier sustainability leader in Fairfield and Westchester counties, benefiting our tenants and setting examples for other owners and municipalities to follow.”

First Stamford Place completes the Corporate Sustainability Challenge

Ten Bank Street, recent recipient of BOMA award