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Lendlease Secures NYSERDA Grant for Geothermal System at Brooklyn High-Rise
Lendlease, a leading global real estate and investment management group, and joint venture partner Aware Super, one of Australia’s largest superannuation funds, obtained $4 million in support from the New York State Energy Research and Development Authority (NYSERDA) to build a geoexchange system at 1 Java St. in Brooklyn.
Once completed, the all-electric property will be the largest residential project in New York State to use a geothermal heat exchange system, according to NYSERDA. It’s also believed to be the largest high-rise residential geoexchange system in the country.
“1 Java St. presents us with the opportunity to establish a pioneering model for geothermal energy – aligning with New York’s ambitious climate goals, as well as our global targets of absolute zero carbon by 2040,” said Scott Walsh, project director, New York development for Lendlease. “Our decision to use geothermal was driven not only by the environmental benefits and cost savings, but also enhanced marketability upon completion.”
- ◦Development
