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James Maransky Builder / Developer The EnVision Group E-Built, LLC

NJFuture Redevelopment Forum 2015 Maransky

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James Maransky

Builder / Developer

The EnVision Group

E-Built, LLC

The EnVision GroupLEED Platinum Certified Development

The Icehouse

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

Icehouse Project Rendering

Common green roof

Rooftop dog park

Rooftop koi pond

RW Recycling System

RW Cisterns Manifold System

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

Sample Project

Wharton Street Lofts Project

Wharton Streets Lofts ProjectShuttered Catholic School Conversion into 44 apt units

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!!

Green Roof / SWM Plan

PWD Parcel Viewer Current Rooftop

SMIP Grant / Green Roof tax credit

Rooftop Rendering

Green Roof WIP

Green Roof Complete

Bamboo Deck / Green Roof 1st Event on Roof

Night Shot

Site Work / SWM

Existing Parking Lot Site Work WIP

Rain Garden Complete

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)