Deep Energy Retrofit in New York and Beyond

New York State has forged an aggressive climate action plan, including among the most ambitious and comprehensive climate and clean energy legislation globally. Key technologies are not presently in the NY/US market but are already already available in Sweden. Hines, one of the largest global real estate developers, has delivered, along with Norges Bank Investment Management and Trinity Church W all Street, a landmark new development – 555 Greenwich. The development exceeding NYCʼs2030 climate targets for office buildings by over 45 percent and align with NY’s 2050 carbon neutral targets. Hines looked globally for solutions to ensure this will be one of the most efficient buildings in New York City and took inspiration from the Swedish ecosystem.Hines collaborated with the Swedish integrator urbs, who took the lead on bundling Swedish solutions. Hines aim is now to scale the transformation in their portfolio in New York and beyond with other Swedish companies. Hines are looking for partnerships especially within:

Grid related solutions:

  • Renewable energy developers
  • Energy storage solutions
  • Next generation solar solutions and integrated façade solutions
  • Virtual power plant IT solutions/gridinteractivity for Distributed Energy Resources

Building related solutions:

  • Small and Large Scale Heat Pumps
  • Thermal Storage
  • Control Systems
  • Building Material eg. facades material, environmentally friendly building materials and paints
  • Smart Water Solutions
  • Energy Balancing Tools
  • IT-solutions Carbon accounting and tracking
  • Carbon capture technology within buildings and building materials
  • Financial Innovation

About Hines

Hines is a privately owned global real estate investment, development, and management firm, founded in 1957,witha presence in 225cities in 25 countries and $144.1billionof assets under management —$75.5billion in assets for which Hines serves as investment manager, including non-real estate assets, and $68.6billion for which Hines provides third-party property-level services.

About 555 Greenwich Street

555 Greenwich represents the next level of high-performing buildings and will be a benchmark for future development in New York City. The 270,000-square-foot, 16-story addition to the thriving Hudson Square Properties campus will set a new standard for sustainable and responsible development in the Hudson Square neighborhood.

Designed by COOKFOX Architects, 555 Greenwich will include retail at the ground floor and office space above. The façade will feature numerous setbacks with outdoor terraces and floor-to-ceiling windows. Upon completion, the building will connect seamlessly to the adjacent 345 Hudson Street on nearly every floor, providing users with uncommonly large floorplates.
The project will exceed NYC’s 2030 climate targets for office buildings by over 45 percent and align with NYS 2050 carbon neutral targets. The team collaborated with global sustainability design experts to ensure this will be one of the most efficient buildings in New York City.