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05/07/07

 

Construction Starts on Lima Ridge in Denver

Rendering courtesy of Ware Malcomb

Construction is under way on Lima Ridge Professional Center at 6924 S. Lima St. at the northeast corner of Lima Street and Easter Avenue in Denver.

Developed by Glenborough LLC, the commercial development was designed by Denver's Ware Malcomb. Murray and Stafford Inc., also of Denver, is the general contractor.

The project includes 12 single-story office and retail buildings, ranging from 10,600 sq ft to 16,000 sq f. The buildings total approximately 160,000 sq ft on 18.5 acres. Construction is expected to finish by December.

MHC Study: Corporate America Is Going Green

McGraw-Hill Construction released its "Greening of Corporate America" SmartMarket report this week, detailing corporate America's opinions on sustainability and green building.

The study, sixth in a series, reveals that not only are most U.S. corporate leaders interested in sustainability, but the majority are also examining proactive ways to make sustainability a consistent part of their companies' missions.

Eighteen percent of leaders surveyed are in the upper, or market transformational, stages, with 15% viewing sustainability as a competitive advantage and 3% actually driving their entire businesses through this value-driven lens. Over the next three years, more companies see themselves as entering this top tier, with nearly a third of the sample aiming to be market leaders in sustainability.

"The numbers are encouraging and the predictions are even more exciting," said Harvey Bernstein, MHC's vice president of industry analytics, alliances and strategic initiatives. "Almost 60% of the top decision-makers in America's most important corporations are seeing the value in sustainability concepts now, with that number expected to increase dramatically to 88% in just three years."

Today's corporate leaders are already conscious of using green practices when considering new facilities and expect green building to have an increasing impact in the future, said Brad Haeberle, director of marketing for Siemens Building Technologies Inc.

"They believe that green building is in their company's best interests, not only for the clear economic benefits, but for the market differentiation and competitive advantage," Haeberle said.

The study also found that:

o Government and internal management are strong drivers of green activities.

o Risk concerns are no longer the primary reason for a company to move toward sustainable practices.

o 60% of CFOs see the market differentiation that sustainability activities and green building can provide their companies, with over half of other respondents seeing this same benefit.

o 63% of CEOs recognize the financial benefits of green building, and 67% of them see a specific operating cost benefit from green.

o 57% of respondents think green fosters innovation within their companies.

The report's research results were drawn from a study conducted for Siemens by MHC's research and analytics group under a proprietary agreement. It is a quantitative study into the opinions of 190 of corporate America's top firms, with no firm having revenues less than $250 million. The majority of respondents were at the CFO or CEO level, 84%; or senior vice presidents in environmental or investor-relations positions.

The report also includes articles from George Dallas, managing director and global practice leader for corporate governance at Standard & Poor's, also a division of The McGraw-Hill Cos.; from SustainAbility Ltd., a consultancy focused on sustainable development and corporate responsibility trends; and interviews with executives from DuPont and Citigroup.

For more information on the report, go to www.analyticsstore.construction.com, e-mail construction_intelligence@mcgraw-hill.com or call 800-591-4462.

 

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