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CarbonQuest Partners with Glenwood Management at Multiple Manhattan Properties
CarbonQuest, a carbon capture technology provider supporting onsite building decarbonization across the real estate sector, is partnering with Glenwood Management to deploy its technology in five Glenwood-owned multifamily properties in Manhattan. Reportedly this marks the first large-scale installation of its type in an urban setting.
The installations at these buildings —including The Fairmont (300 E. 75th St.), The Bristol (300 E. 56th St.), The Paramount Tower (240 E. 39th St,), The Barclay (1755 York Ave.) and The Somerset (1365 York Ave.) — follow Glenwood’s pilot project with CarbonQuest at The Grand Tier (1930 Broadway), reportedly the first commercially operational building carbon capture project on the market.
“Studies have shown that the building sector is a significant contributor to climate change, and federal and city legislation are both incentivizing technology that can drive emissions reduction at a building level,” said Josh London, SVP at Glenwood Management.
