SHARE:
2008 Industry Outlook
Residential Real Estate 2008
Bottoming Out: The residential market will likely hit its low this year.
Going Green
Matthew Greer [Photo: Nicholas Von Staden] |
But it is possible to incorporate energy- and water-efficient features in residential projects at all price levels, adds Greer, whose company is working with the Broward County Housing Authority on Tallman Pines, 250-unit LEED certified affordable housing project under construction in Deerfield Beach.
“Going green appeals to a higher-end buyer who is looking for a quality product or health benefits,” he says. “But we’ve found that if you’re smart about it and stay within the cost-benefit curve, you can do a lot with rental units and have happier tenants. While LEED certification is not for every project, more developers are looking for ways to incorporate those green features in new projects.”