Blog

Condos May Not Be Selling, But They Aren’t Losing Value

Yesterday’s ruminations on condohotels inspired a new question: How are condo sales in general doing? Interestingly enough, research on some major cities and areas showed that condo sales are indeed down — but in many locations, condo prices are actually stable, or rising. For example: Condo sales for the second quarter in Illinois were down 13.9 percent; however, median condo prices for the state were up 5 percent, to $223,000. Florida existing condo sales declined 25 percent in the second quarter of 2007, although the price of condos remained fairly stable at $208,400, according to the Florida Association of Realtors….

What ever happened to the condohotel?

A recent article about Tampa’s strong hotel market and declining condo starts brings a question to mind: What ever happened to the condohotel? When residential real estate was on the upswing, high-end hotels were paired with condos in several projects, within the past several years when condohotels were a hot new real estate trend. The condohotel concept involves selling a percentage of renovated or new hotel suites as residential units, offering amenities like hotel service and the ability to make money off your unit when not residing in it. The industry embraced the trend — several high-profile projects, including the…

Challenging the Windy City To Use Its Wind

Today’s MHN Industry News postings included a story about a Chicago couple who recently renovated their house to include sustainable features — and a little flair. Frank and Lisa Mauceri will be running Frank’s Smog Veil indie record label, which moved to Chicago about two years ago from Reno, out of their home in Chicago’s Wicker Park neighborhood. As with many Chicago two- and three-flats that are now living spaces, the Mauceri’s building itself was a form of recycling; it had, in the 1880s, once been a tavern. Renovation plans included more material reuse,  grinding up old vinyl records with…

Construction Waste: Everyone’s Problem Needs a Solution for Everyone

Wednesday’s blog discussed construction site waste management issues — and on the heels of that post comes news of an exemplary program in Canada that unites builders and local government to encourage responsible debris removal. The need for reducing construction waste is not a new topic — but it’s one cities have faced repeatedly as construction boomed in recent years. Recycling can help. But how does a city encourage the private building sector to put forth the added time and effort to categorize and drop off materials in the midst of construction? Several Canadian towns have a clever, yet simple…

Georgia Bank Gives Green a Thumbs Up

Savannah, Ga.’s United Community Bank recently announced a special financing program for green building projects. It’s not the first bank to offer green incentives, but the bank’s program itself — and really, all programs like it — is a nod to sustainable building. Here’s the deal: Property owners, qualified builders and general contractors can receive a 25 basis point reduction in construction financing for any commercial or residential project that achieves sustainable LEED (Leadership in Energy and Environmental Design) certification from the U.S. Green Building Council or EarthCraft certification from Southface Energy Institute. “In the spirit of stewardship and sustainability,…

Mulch Ado About Something

Using sustainable materials during construction is a hot concept these days. From recycling wood, glass and other items to purchasing eco-safe alternatives to the usual supplies, builders are touting the long-term savings and positive environmental effects homeowners can receive from going green. And yet, there is less discussion about the waste created by construction — green or otherwise — and the challenges disposing of said waste can pose. Just ask Houston (the city, not Whitney.) Facing a proposed landfill increase and the recent demolition of several historical houses, Houston has realized making room for progress can also mean making a…

A Green Interior Design Scheme

I was flipping through my CB2 catalog the other day, admiring the comma-shaped plates, when I stumbled across a $50 corkboard. The price caught my eye. Fifty bucks? For something most often found in a dorm room? But then, thanks to the product description, I realized why: It’s sustainable. Under the heading "eco message," CB2 describes the product as a "recyclable, lightweight cork alternative" that "lives the green message." (It’s made of charcoal polypropylene.) Ah ha. Well, OK, maybe that is worth a little more. But I was surprised to see CB2 thought so, too. Which got me to wondering…

Going Green is Trendy — but is Green Design?

According to recent news, ecological concern is quite fashionable. Sometimes literally. Newspapers and tabloids alike are buzzing about British designer Anya Hindmarch’s eco-friendly shopping tote, a $15 canvas bag with "I’m Not a Plastic Bag" printed on the side that is sold in grocery stores, said to be the must-have bag this season. Twenty thousand were sold in a matter of hours when the bag went on sale in April in England, after women lined up at 2 a.m. for the store’s 9 a.m. opening; near riots broke out in Taipei, Taiwan when the bag premiered in July. A mall…

Flush Your Way Into Green Design

Want to go green, but can’t afford a complete home renovation? A recent article in the Journal News offered some great tips for starting small — by just making your bathroom green. Sustainable design is all about attention to detail, and while that typically involves careful planning before construction, making the following small changes to your home bathroom — yes, really, the bathroom — can have a big effect. Some of the suggestions included: Toilets: Get a new one. Federal law in 1994 limited toilets to 1.6 gallons per flush; older ones can be 3.5 to 6 gallons (per flush)….

New Green Building Standard May Provide Sustainable Building Framework for Building Codes

A new green building standard backed by the U.S. Green Building Council (USGBC) is moving closer to approval — and, unlike the voluntarily LEED (Leadership in Energy and Environmental Design) program, this new standard may eventually be required as a prerequisite for some new commercial buildings and major renovations. Standard 189P (Standard for the Design of High-Performance Green Buildings Except Low-Rise Residential Buildings) could be the nation’s first green principle to be included in building codes, if the standard’s designers — the American Society of Heating Refrigerating and Air-Conditioning Engineers (ASHRAE), Illuminating Engineering Society of North America (IESNA) and USGBC…