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About The Icehouse
• A 36 Unit multi-family development in Fishtown section of Philadelphia
• 2 phases complete, 3rd phase under construction
• 1st Phase and 2nd Phase earned LEED Platinum Certification
• 1st LEED Platinum Multi-Family Low Rise Building in Philadelphia History
• 100% SW managed property
• 90% covered in Green Roof
• 14 private green roofs, 2 common g-roofs, rooftop koi pond, rooftop dog park
• Project wide rain water harvesting and recycling system
• RW system connected to 19 separate hose bibs throughout project
• RW recycling system irrigates green roofs and dog park
• RW system recharges rooftop koi pond, feeds cash wash station
• Collected RW used for all maintenance purposes
Does Green make Green?(Is there a Return on Investment?)
• 1st Phase completed in 2009 - sold 10 out of 13 units in a crashing market
• Earned LEED Platinum Certification
• Average Sale Price of $307 per square foot
• Market Average - $272 per sf (multi-family units)
• 2nd Phase completed in 2014 – sold every unit (9)
• Again earned LEED Platinum
• Average Sales Price of $334 per sf
• Market Average - $281 per sf (multi-family)
• 3rd Phase under construction – 13 residential units / 1 commercial unit
• 6 units under agreement prior to start, prices North of $340 per sf
E-Built, LLC
Construction Management Firm
Green Roof Design / Installation
SWM / Site Work
Playground Design / Installation
WORK WITH PROJECT ARCHITECT AND ENGINEERS TO CONVERT PROJECT TO A 100% SW MANAGED PARCEL
DESIGN AND CONSTRUCT A 14,000SF GREEN WITH BAMBOO ROOF DECK INSET
DESIGN AND INSTALL A PARCEL WIDE SWM INFRASTRUCTURE PLAN
E-Built Scope of Work
PHILADELPHIA INCENTIVES
S.M.I.P. GRANTGREEN ROOF TAX CREDIT
IMPERVIOUS COVERAGE CREDIT
What makes this project feasible -Developers Taking advantage of SWM Incentives!!
Financial Breakdown of Project(Is there a Return on Investment?)
• Original Scope – Replace Roof, Install Roof Deck and Pave Parking Lot
• SWM – 0 % Managed (39,500sf parcel)
• Original Budget - $175K
• Revised Scope – 14,000sf Green Roof with Bamboo Roof deck inset / SWM on site
• SWM – 100% Managed (.795 Acres)
• Revised Budget = $400K
• Incentives:
• SMIP Grant Awarded - $79,500
• Green Roof Tax Credit Awarded - $84,200
• Reduction of Impervious Coverage Charge (PWD) - $3972 annual savings
• Net Cost after incentives = $236K
• Additional Savings = $4K per year (impervious charge expected to increase)