Living green, by design

4 08 2007

Urban Core International BlogOne home is efficient and thrifty. The other is stylish and opulent.

DONNA SIDER painstakingly renovated her 1,000-square-foot Pasadena home to be more energy-efficient as a way to save money and help the environment at the same time.

Jeffrey Eyster built an eco-friendly, 2,200-square-foot dream house in the hills above Laurel Canyon, in tune with his appreciation of fine architecture, superior materials and healthful living.

Eyster’s home demonstrates that luxury and cutting-edge design can be integral to environmental construction.

Sider’s is proof that going green doesn’t require a lot of gold. Their efforts can serve as examples to homeowners who want to fight global warming or trim their household expenses, or both. And the payoffs in both areas are substantial, environmental leaders say.

“Forty percent of America’s carbon emissions comes from buildings — almost half — and utility bills are a major factor in household bankruptcy,” said Carl Pope, executive director of the Sierra Club. “You can reduce your utility bill by 50% or 60% relatively easily. That’s one-fifth of the total carbon emissions today. It’s a huge part of what we have to do.”

Making those eco-friendly changes at home has become simpler and more affordable.

“Five years ago, the environmentally healthier or higher-performing building materials and products were harder to find. It was still a niche market, and they were more expensive,” said Charles Lockwood, a Santa Monica-based environmental real estate consultant. “Now, you see Home Depot offering eco-options.

“This brings it down to everyday Americans. You don’t have to go to a special place to find it. It’s right there and at a good price.”

Home builders and buyers also have a better way of identifying environmentally friendly homes, thanks to the U.S. Green Building Council’s seal of approval.

The group’s residential Leadership in Energy and Environmental Design Green Building Rating System will be formally launched this fall after a two-year pilot program. It was designed to encourage builders to keep the costs of green homes similar to those of traditional new houses, the council said.

To get the group’s most basic certification, a builder would have to spend about 3% more, or $10,000 on a $300,000 home, the national average price for a new house. Amortized over a 30-year mortgage, that extra $70 a month is easily made up in energy savings, said Jay Hall, acting director of the homes program.

“If they cost the same on a monthly basis, which one would you rather have?” Hall asked.

Sider already has answered that one. “I wanted to be a part of doing what I could in my own home to make these changes,” she said.

Sider’s long road to transforming her two-bedroom home began shortly after she bought it in 1999. With a limited budget, the 49-year-old registered nurse saved up and attacked her projects as she could afford them, doing much of the work herself and enlisting the aid of friends and family.

When she began her energy-saving projects, she paid about $200 every two months for water and power. When she finished, this summer, her bill had dropped to about $60.

Eyster, a 36-year-old architect, became a green believer when he was evaluating the costs of building a home on a 5,700-square-foot lot just off Laurel Canyon Boulevard near the Mount Olympus neighborhood. His wife, real estate agent Alla Furman, bought the lot five years ago for $30,000.

Eyster opted to save money by constructing beams from small pieces of Douglas fir pasted together with environmentally friendly glue. The engineered wood was easily carried up the steep hill, unlike large, old-growth timber, which would have required a crane.

“It didn’t start from a philosophical position,” Eyster said. “It just made sense.”

His bright and airy but compact house is all about making sense. The tiny 6-by-3-foot downstairs powder room with low-flow electric toilet maximizes space and water efficiency; LED track lamps throughout the house will last 40,000 hours, as opposed to old-style 2,000-to-5,000-hour bulbs.

By the time the couple and their two children moved in two months ago, the house’s cost had swelled to about $1.2 million, financed with a $600,000 construction loan and round after round of refinancing to free up cash for the project.

“I feel better knowing that paying for building and installing green products leads to a healthier lifestyle for my family, the greater community and the environment,” Eyster said.

Sider began her eco-renovation with the front yard. A landscape architect friend charged her a couple of hundred dollars to draw a plan that included adding more drought-tolerant plants and putting in trees to better shade the yard and the house.

Later, a landscaper added sod and sprinklers for a total cost of about $2,500

“Even that happened in stages, for affordability,” she said.

With a relatively small, hilly lot, Eyster designed a house that would bring the outdoors in. Twenty-foot-wide accordion glass doors on the north side roll away to give the living room a treehouse feel; a wall of windows on the west side provides a cross-breeze and helps to fill the house with sunlight.

Shades automatically rise and fall along with the sun’s placement in the sky to maximize sunlight and minimize heat, part of a $15,000 automation system.

The house’s “brain” — Eyster’s favorite eco-feature — also controls the electric lighting and the four-zone heat and air-conditioning scheme so that each is used only when needed.

“It can take some really complex things like exhaust fans, air conditioning and solar shades and juggle all of it when you’re not home,” he said, “so that the energy savings happen automatically.”

Sider’s version of power-saving lighting and windows consisted of switching to compact fluorescent light bulbs and double-pane windows — two of the cheapest and easiest green changes.

Fluorescent bulbs use up to 75% less energy, last about 12 times longer, stay cooler and, thanks to technical improvements in recent years, offer the same quality of light as incandescent bulbs.

Retail powerhouse Wal-Mart Stores Inc., which has thrown its weight behind the push for compact fluorescent light bulbs, says they save an average of $35 in energy over the long term. That means changing 30 bulbs in your house will save more than $1,000.

For Sider, replacing eight louvered windows in 2002 with energy-efficient dual-pane insulated glass cost $2,700, not including rebates from Pasadena Water & Power totaling about $200.

Sider made other changes that were equally at home in Eyster’s dream house.

She used the same hot-water technology as Eyster even before he did, adding a tankless heater in 2003 that cost about $500 at Home Depot. The device heats water as needed, rather than making it hot only to store it in a giant tank. No city rebate there, but Sider thought it was worth it anyway.

“Europe has had this for years,” she said. “The price got within range, and it was doable.”

Eyster’s tankless heater has yet to run out of steam, he said, despite frequent heavy use, such as two showers and a washing machine running simultaneously.

Not all of his cool enviro-features worked out quite so well, he acknowledged.

The drip-irrigation system on his hillside, designed to slowly leak water underground to feed the plants rather than spraying it in the air, has blown through the pipe joints more than 10 times, he said, most likely as a result of high water pressure.

“It’s been the biggest headache. The point is to save water, and yet when they explode, they spray water everywhere,” he said. “I probably just need to get a better regulator.”

Sider has no regrets about her environmental upgrades, which included a “dual flush” toilet, added in 2005. That new generation of commode lets users select one flush level for solid waste and another for liquids — an acknowledgment that some flushes require more water than others.

That change cost Sider about $320 and earned $80 from the city utility. She also added a new refrigerator for $650 and got a rebate of $150 from Pasadena because of the appliance’s Energy Star rating.

Replacing appliances as needed with those granted the Energy Star label by federal regulators is a simple step with dramatic potential upside. A home fully equipped with Energy Star products uses about 30% less energy than a home with standard appliances, the program’s administrators say.

Both homeowners also employed cotton-fiber insulation, Sider in her attic and Eyster through his entire house, including underneath the structure and between rooms.

Because the material doesn’t contain fiberglass, installation doesn’t require protective gloves, a respirator or goggles. So Sider and a friend were able to fit the insulation among her attic’s beams themselves. That cost her $900 but earned a $130 rebate from Pasadena.

Eyster spent about $5,000 on his material, as opposed to the roughly $2,000 it would have cost for traditional fiberglass insulation, he said.

But because he didn’t need special protective gear or skills, installation was much less expensive, bringing the total cost roughly in line with what he would have paid to go the standard route, he said.

In at least one area — solar power — the budget-minded Sider is ahead of Eyster.

For most people, the costs of photovoltaic panels are prohibitive, even with generous utility rebates and federal tax credits, said Hall of the Green Building Council.

“There’s a huge fad right now for photovoltaic systems, so any luxury home that’s considered green almost must have PV on it,” Hall said. “The irony is that PV is probably the least cost-effective thing you can do.”

Retrofitting a house to run entirely on energy from solar panels isn’t cheap, about $40,000 for a 2,000-square-foot property, Hall said.

Eyster designed his roof to accommodate solar panels but is waiting to install them until the price comes down.

But for Sider’s under-1,000-square-foot house, the investment in solar was big, but so was the payoff, she said.

Sider’s 12 low-profile PV panels take up about one-sixth of her roof. Sider said she paid for only half of the $12,500 system because she received a $4,400 city rebate and a $2,000 federal tax credit.

Now, she said, she uses only about half of the energy the system generates, even after adding a forced-air heating and cooling system to replace an aging, inefficient furnace.

“I have the meter on my back porch, and it’s fun to see how much I can save,” she said. “I like to see how little I can use.”

That’s the perfect attitude, said Lockwood, the Santa Monica consultant.

“It is a real disservice to give average Americans the idea that the only way to build an environmental house is in some kind of eco-chic,unattainable, unaffordable way,” he said. “That’s just not true.”


By Abigail Goldman, LA Times Staff Writer
abigail.goldman@latimes.com





Primer edificio verde de Panamá

1 08 2007

Urban Core International BlogFOR IMMEDIATE RELEASE

Contact: Josef Newman, Urban Core International, S.A.

+507.399.9901

info@urbancoreintl.com

July 31, 2007, Panamá City, Panamá: Urban Core International announced today their premiere green building in Panamá, called “Urban Vista,” has been featured in the “lo nuevo” section of the July/August issue of espacios, one of the most highly respected real estate, construction, and design magazines in Panamá. Titled “Primer edificio verde de Panamá” (“First Green Building in Panamá”), the article continues,

“Estará en el barrio de Bella Vista. Se basará en los principios del programa LEED del Consejo de Edificios Verdes de Estados Unidos (United States Green Building Council). Cada apartamento permitirá respirar aire puro y reciclar agua. Contarán con acondicionadores de aire, electrodomésticos de alta eficiencia energética y tecnología inteligente: cableado estructurado para internet de alta velocidad, controles de iluminación y home automation.”

Urban Vista was carefully designed to provide residents with the latest in sustainable building techniques, smarthome technologies, and to promote a higher quality of life. Each apartment stands alone, a privileged home in the sky. The penthouse, the crown of the building, features two floors of pure luxury. With both interior and exterior social areas, a pool deck, fitness center and large gardens, Urban Vista residents will be the first in Panamá to truly experience the benefits of sustainability, privacy, and a healthier way of life.

About Urban Core:

Urban Core International, S.A. is focused on the development of boutique residential and commercial property in and around Urban Cores. Our mission is two fold; to develop sustainable, quality projects with a focus on strength through design and collaboration, and to provide project owners whom we represent with unparalleled project management services through hard work, collaboration, discipline and attention to detail.

 

At Urban Core, we believe that a building is more than simply the sum of its parts. It is a well-founded idea, one that has been reviewed from all angles, by all disciplines involved in the project. It is a home, and a part of a larger community that it impacts. Our goal is to make sure our buildings are not only successful projects, but are constructed in a manner that contributes to the community, while meeting the needs of the buildings owners and future occupants. Our work is guided by our values, which enable to ensure a projects success.

 

http://www.urbancoreintl.com [Web Site]

http://urbancore.wordpress.com [Blog]





Healthcare Sector Lags in Green Building Practices

11 07 2007

$28 billion worth of healthcare facilities are under construction in the United States here in 2007, but only six percent of those buildings will go green. In a report that was recently released by McGraw-Hill in cooperation with Turner and USGBC, practitioners cited a variety of factors for this unacceptably low statistic in such an enormous sector of the construction industry. While a majority of the participants in McGraw-Hill’s report “perceive[d] an energy cost savings of more than 10% in green facilities over traditional buildings,” seventy-six percent agreed with the statement that “green building creates an unjustifiable cost premium,” eight-two percent agreed with the statement that “we are not convinced on the ROI from green building,” and fifty-seven percent of respondents stated that “lack of knowledge about green techniques [is] the biggest obstacle to green building.” The American population is aging in an unprecedented fashion, and it’s absolutely imperative that industry professionals work to address- and ultimately dispel- these perceptions about green building in the healthcare context as the industry continues to expand dramatically over the course of the next decade.





Coming Up – World’s First ‘Zero-Carbon’ City

19 06 2007

Coming Up – World’s First ‘Zero-Carbon’ City

A city free of cars, pedestrian-friendly, powered by renewable energy and surrounded by wind and photovoltaic farms — all in the middle of a petroleum-rich desert. This five billion US dollar plan, which might do credit to a sci-fi film set, is envisaged for Abu Dhabi, the capital of the United Arab Emirates (UAE). When complete, in 2009, it will be the nearest thing yet to a zero-carbon, zero-waste city.

Using the traditional planning principles of a walled city, together with existing technologies to achieve sustainable development, this six sq km expanse will house an energy, science and technology community.

Called the Masdar (meaning ‘source’ in Arabic) Initiative, this ambitious plan for a ‘Green City’ is being driven by the Abu Dhabi Future Energy Company, a private, joint stock company established and wholly-owned by Mubadala Development Company.

‘‘As the first major hydrocarbon-producing nation to take such a step, Abu Dhabi has established its leadership position by launching Masdar, a global cooperative platform for open engagement in the search for solutions to some of mankind’s most pressing issues — energy security, environment and truly sustainable human development,” Masdar chief executive Sultan Al Jaber said.

Abu Dhabi accounts for more than 90 percent of the UAE’s oil resources, and the country’s reserves, exceeding 100 billion barrels, ranked third largest in the world.

The ‘Green City’ will house the Masdar Institute of Science and Technology, a graduate science and research institute that will be established in cooperation with the Massachusetts Institute of Technology; world-class laboratories; commercial space for related-sector companies; light manufacturing facilities and a selected pool of international tenants who will invest, develop, and commercialise advanced energy technologies.

It will also host Masdar’s offices, residences for its staff, as well as a science museum and edutainment facilities. It is expected to house at least 50,000 people initially and as many as 100,000 eventually.

‘‘We are creating a synergetic environment; it is a true alternative energy cluster with researchers, students, scientists, business investment professionals, and policy makers in the same community. It will combine the talent, expertise and resources to enable the required technological breakthroughs,” Jaber explained to IPS.

To encourage people to be a part of this setup amid harsh weather conditions that witness temperatures soaring up to nearly 50 degrees Celsius during July and August, a pedestrian-friendly environment has been planned with narrow streets and shaded walkways. The maximum distance to the nearest transport link and amenities is likely to be no more than 200 m and will be complemented by a rapid personal transport system.

This self-sustaining city is expected to provide up to 1,500 companies with an attractive incentives package, including a one-stop shop programme for government services, transparent laws, 100 percent foreign ownership, tax-free environment, intellectual property protection and proximity to nearby manufactures, suppliers and markets.

Mohammed Raouf of the Gulf Research Centre, said the Abu Dhabi plan could be replicated and improed upon. ‘‘We need more than just ideas, thoughts and studies; we need ways to implement them effectively. Hopefully this initiative will trigger others in the region to follow suit.”

Though the Dubai-based environmentalist was sceptical about achieving ‘zero levels of carbon emissions’, he said, ‘‘There is no doubt this project will cut emissions drastically.”

According to a recent report by the Intergovernmental Panel on Climate Change, the greenhouse effect on climate change in the Middle East region will increase the region’s temperatures by 1-2 degrees Celsius during the next 25 years. The ‘Green City’ plan is a part of Abu Dhabi’s decision in April 2006 to embrace renewable and sustainable energy technologies.

In another rsponsive initiative in March, the UAE signalled the commencement of a major national carbon dioxide emission reduction programme by announcing an initiative aimed at delivering a national carbon dioxide capture and storage (CCS) network.

It is estimated that the CCS network could reduce UAE’s carbon dioxide emissions by almost 40 percent, increase oil production by up to 10 percent and liberate large quantities of natural gas. This could be achieved through the separation of the gas from industrial and energy related sources and its transportation to oil reservoirs for enhanced oil recovery.

Announcing the plan, Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, told the media, ‘‘We are a leading provider of energy for the world. As such we must, and do, recognise the responsibility to constantly seek out and incorporate technologies to make that provision more environmentally efficient.”

Abu Dhabi also plans to invest 350 million US dollars in a 100 megawatt solar power plant and hopes to tap into a growing global trend among environment-conscious investors. The plant will be expandable to 500 Mw with a target to generate enough power for 500,000 households.

‘‘As an environmentalist I am ready to pay more to live in a place where the quality of life is better. But, ordinary citizens, especially those in the low income group, do not care or understand this. Hence, it is important to keep the price of ‘green’ development affordable,” Raouf told IPS.

‘‘By attempting the first carbon neutral city in the world, Masdar is demonstrating its commitment to change the way the world understands energy and sustainable resource utilisation. One day all cities will be built like this,” Jaber added.





Basis Retains Urban Core as Owner’s Rep

12 06 2007

FOR IMMEDIATE RELEASE
CONTACT: Urban Core International, S.A. 011.507.399.9901, info@urbancoreintl.com

June 12, 2007, Panamá City, Panamá: Urban Core International, S.A. announced today that it has been retained by BASIS International to provide owner’s representation and development services for two ocean-front developments in Panamá.

“BASIS has found amazing and unique properties, to which they have a vision to develop in an environmentally sensitive fashion by implementing sustainability and New Urban principles and practices in every aspect of their projects,” said Aaron Newman, Managing Partner for Urban Core International. “We are extremely excited to work with BASIS, a company that shares our vision and unwavering dedication to New Urbanism and green building,” Newman continued.

“We are looking to the future by investing and developing in socially responsible projects throughout Panamá,” said Brian Wagner, CEO of BASIS International. “Our belief is that there is an extremely large market of buyers who would prefer that their next property investment be conscious of social and environmental impacts that will provide significant value to their investment,” Wagner continued.

“Urban Core has the experience and resources to assist us in launching sustainable projects, critical to achieve energy efficiency and to lower operational costs,” said Jonathan Bernstein, Partner and CFO of BASIS International.

About Urban Core:
Urban Core International, S.A. is focused on the development of boutique residential and commercial property in and around Urban Cores. Our mission is two fold; to develop sustainable, quality projects with a focus on strength through design and collaboration, and to provide project owners whom we represent with unparalleled project management services through hard work, collaboration, discipline and attention to detail.

At Urban Core, we believe that a building is more than simply the sum of its parts. It is a well-founded idea, one that has been reviewed from all angles, by all disciplines involved in the project. It is a home, and a part of a larger community that it impacts. Our goal is to make sure our buildings are not only successful projects, but are constructed in a manner that contributes to the community, while meeting the needs of the buildings owners and future occupants. Our work is guided by our values, which enable to ensure a project’s success.

http://www.urbancoreintl.com [Web Site]

http://urbancore.wordpress.com [Blog]

http://podcast.urbancoreintl.com [Podcasts]

About BASIS:
BASIS International brings environmental and social accountability to real estate development. Our mission is to specialize in and offer highly sought-after, profitable investment and property ownership options that leverage the latest “green” technologies to be self-sustainable and to significantly reduce utility costs.

Working with local partners, BASIS brings innovative planning and creativity in designs centering on profit maximization while contributing and distributing benefits widely into local communities — in employment, education, health and business development. This social and profit-driven mandate attracts a broad range of public and private financial partners in a win-win strategy to achieve a unique return on investment (ROI) and social accountability.

Basis Retains Urban Core as Owner’s Rep





El nuevo de la plaza

17 04 2007

El nuevo de la plaza

Está dispuesto a tomar riesgos y enfrentar cambios. A sus 29 años, Aaron Newman quiere adueñarse del concepto de “construcciones verdes” en Panamá

Yolanda Sandoval
ysandoval@prensa.com

Aaron Newman es un hombre que no le teme a los cambios radicales. A finales de la década de 1990 abandonó Nueva York para vivir en Miami, y dejó el negocio de la publicidad por el de bienes raíces.

Con estas referencias no era nada raro que en esa búsqueda de más retos le diera a su vida un giro de 180 grados y su brújula apuntara hacia un pequeño país latinoamericano.

Su empresa, Urban Core International, se había identificado en Estados Unidos como una promotora de proyectos residenciales tipo boutique, y Panamá, de acuerdo con su filosofía del negocio, era el “paraíso” de las oportunidades.

“El mercado de bienes raíces en Estados Unidos estaba debilitado, mientras que en Panamá el negocio se veía cada día más fortalecido”, afirma.

Llegó al país hace nueve meses y dice que a diferencia de algunos especuladores, ha venido a quedarse. “Echaré raíces. No pretendo ganar dinero e irme”.

Su decisión de instalarse en el país estuvo respaldada por el crecimiento económico, las construcciones de talla mundial que anuncian que algo bueno tiene la ciudad, el proyecto de ampliación del Canal en ciernes y la consolidación y presencia de los bancos más importantes del mundo.

Hay sobradas ventajas para su negocio, pero también mucha competencia, sobre todo para alguien que aunque hizo un nombre en Palm Beach, Boca Ratón y Fort Lauderdale, localmente es casi desconocido.

La propuesta de Newman es

desarrollar proyectos sostenibles y proporcionarle a los dueños de estos proyectos un servicio de administración.

Hace dos meses anunció que se encuentra en las primeras etapas del desarrollo del primer edificio verde de la ciudad de Panamá, en el corregimiento de Bella Vista. Estaría localizado a unas cuadras de la avenida Balboa y el Parque Urracá.

Se conoce que el edificio sería el primero en ofrecer la integración de los principios expuestos por el programa LEED del Consejo de Edificios Verdes de Estados Unidos, un estándar reconocido para el diseño sostenible. Sin embargo, faltan los permisos reglamentarios de construcción, lo que impide que Newman hable con soltura del proyecto.

Como fundador y socio administrativo de Urban Core International, ha estado involucrado en la adquisición de tierras y asesoría para la urbanización de zonas especiales en Estados Unidos. Uno de sus desafíos será introducir el concepto de “construcciones verdes”, con el que localmente estamos poco familiarizados.

Se trata de edificios que causan el menor uso posible de energía no renovable, producen menos contaminación y residuos y, por ende resultan más cómodos, saludables y seguros para las personas que viven y trabajan en ellos.

El tema es que estas edificaciones, aunque a la larga generan ahorro de energía para sus habitantes y mejor calidad de vida, salen algo más caras que las construcciones tradicionales.

Es la primera vez que su empresa promueve un edificio con estas características, pero Newman afirma que ha hecho consultorías para de-sarrolladores que ponen en práctica el mismo modelo de ingeniería.

Su experiencia incluye el cargo de secretario del distrito de Desarrollo Comunitario de Midtown, Miami, en donde ayudó a la ejecución y

desarrollo de proyectos. Adicionalmente estuvo en el comité consultor de la ciudad de West Palm Beach, donde participó en el establecimiento de planes de revitalización de la ciudad a largo plazo.

“Nuestra meta es que nuestros edificios contribuyan positivamente a la comunidad. Al mismo tiempo deben cumplir con las necesidades de los dueños de edificios y ocupantes futuros”, subraya.

Antes de entrar en el negocio de bienes raíces, Newman fundó y sirvió como principal administrativo de WaxDigital, Inc., una firma de mercadeo y consultoría de publicidad localizada en Nueva York. De esa etapa de su vida quedan buenos recuerdos. En WaxDigital formó numerosas relaciones con compañías de Fortune 500 y Fortune 1000.

Ahora su reto será probar que vale la pena pagar por un apartamento amigable con el medio ambiente. Su intuición le indica que en Panamá encontrará clientes.

Perfil

Trayectoria

Newman es miembro activo del Congreso para el Nuevo Urbanismo. También es simpatizante del Urban Land Institute en Estados Unidos.

Es corredor de hipotecas y administrador de propiedades con licencia para operar en Florida.

Fue nombrado como uno de los mejores empresarios por Crain’s New York Business.

Según Newman las ideas se realizan cuando grandes personas se unen.





Urban Core retains Sequil Systems, Inc. to certify Panamá’s first LEED certified building

13 04 2007

April 13, 2007, Panamá City, Panamá:  Urban Core International, S.A. announced today that it has retained the services of Boca Raton, Florida based Sequil Systems, Inc., to commission and certify the “Urban Vista” project in the Bella Vista neighborhood of Panamá City, Panamá. Urban Core is striving to achieve the USGBC LEED Silver certification. Aaron Newman, Managing Partner of Urban Core International, S.A., as well as the project developer and owner, stated that Urban Vista is slated to be Panamá’s first LEED certified project and that “bringing Sequil on-board was like putting one of the most important pieces of the puzzle into place.” “We are very excited to work with Sequil,” Aaron Newman continued. “Sequil is a company with tremendous experience in LEED commissioning and certification.  Their talent and integrity speaks for itself.”

About the USGBC LEED Program:
The Leadership in Energy and Environmental Design (LEED) Green Building Rating System™ is the nationally accepted benchmark for the design, construction, and operation of high performance green buildings. LEED gives building owners and operators the tools they need to have an immediate and measurable impact on their buildings’ performance. LEED promotes a whole-building approach to sustainability by recognizing performance in five key areas of human and environmental health: sustainable site development, water savings, energy efficiency, materials selection, and indoor environmental quality.

About Sequil Systems, Inc.:
Sequil brings together over 20 years of experience in Architecture, Engineering, Design and Program Management.  Our LEED Accredited Professionals have proven knowledge, skills and experience to guide your project to sustainability in a cost- effective manner.

Sequil’s Mission is to transform the built environment to sustainable, responsible, healthy structures to minimize the use of precious energy, materials and resources in buildings today.

About Urban Core International, S.A.:
Urban Core International, S.A. is focused on the development of boutique residential and commercial property in and around Urban Cores. Our mission is two fold; to develop sustainable, quality projects with a focus on strength through design and collaboration, and to provide project owners whom we represent with unparalleled project management services through hard work, collaboration, discipline and attention to detail.

At Urban Core, we believe that a building is more than simply the sum of its parts. It is a well-founded idea, one that has been reviewed from all angles, by all disciplines involved in the project. It is a home, and a part of a larger community that it impacts. Our goal is to make sure our buildings are not only successful projects, but are constructed in a manner that contributes to the community, while meeting the needs of the buildings owners and future occupants. Our work is guided by our values, which enable to ensure a project’s success.





Credit Suisse on Panama, March 2007

20 03 2007

Credit Suisse on Panama, March 2007

This week, the International Monetary Fund (IMF) released its Public Information Notice for the
Article IV consultations with Panama which concluded last month. The assessment was quite
positive as the Fund applauded the work the Panamanian authorities have done for their sound
macroeconomic management, which have produced an average real GDP growth of 7.2% in the
2004–06 period, coupled with low levels of inflation (albeit high oil prices) and a declining
unemployment rate.

The Fund’s staff supported the governance given so far to the Panama Canal
expansion project and welcomed the safeguards and monitoring put in place to avoid the
development of economic imbalances. Specifically, the IMF praised the authorities’ intention to
monitor expenditures and borrowing strategies. Regarding the all-important public-debt-to-GDP
ratio, which is currently around 63%, the staff suggested to the Panamanian authorities to anchor
their medium-term to long-term economic policies with a target fiscal deficit of 1% of GDP after
2009. With this target and the expected high levels of economic growth rates, the debt-to-GDP ratio
will likely trend downward and become better aligned with average BB-rated credits. The Fund also
recommended that such a criterion should be part of the Fiscal Responsibility Law currently under
preparation. In other news, Alejandro Ferrer, Panama’s Minister of Commerce, stated on Thursday
that Panama is working towards having the free-trade agreement with the United States signed on
June of this year. Negotiations concluded last December, and currently Panamanian authorities are
lobbying to get the agreement approved by the U.S. Congress. We reiterate our underperform
recommendation on Panama based on valuations. (CR/FU/EM)

Sources: Credit Suisse, Panama Investor Blog





Panamá Construction Numbers

20 03 2007

Panamá City building permits are down for January, but overall production is up 17%.

Panamá Construction #’s - Jan





As Costs Decline And Efficiencies Increase, Environmentally Friendly…

2 03 2007

,,

This story was given to us by Nelly Rabinowitz who is a great friend and source of invaluable information to Urban Core International.
The house is just plain amazing!! We’d give you the address, but she might not be ok with that :-)
At a minimum, Nelly should be an inspiration and model for other individuals and families looking to sustainability.
We’ll get some pics soon, we promise!

As Costs Decline And Efficiencies Increase, Environmentally Friendly
Housing Goes Mainstream
By STEVE GRANT
Courant Staff Writer

When Peter and Nellie Rabinowitz of Bethany decided several years ago that
they wanted an environmentally sensitive home, they had a hard time
finding somebody to build one.

Builders said, “We’ve heard of that, but nobody does it around here.
Everybody wants a big house with as many square feet as possible, and they
don’t care about sustainable or energy efficient or anything like that,”
said Peter Rabinowitz.

Things have changed. Green buildings – energy-sipping and Earth-friendly -
are increasingly appealing. And they don’t have to be goofy looking.

“When a house is green but looks like other houses in the neighborhood -
and can be replicated by large-scale building companies – then we know
green is mainstream. We’re seeing that happen right now,” said David
Pressly, a home builder in Statesville, N.C., and past president of the
National Association of Home Builders.

Higher energy prices are helping drive the new green construction, which
invariably emphasizes energy conservation and reduces fuel and utility
bills. At the same time, a flood of new green construction technologies
and materials has reached the market, everything from cupboards made of
recycled wheat chaff to sophisticated, compact, high-efficiency furnaces.
Even the number of architects and builders who will design or construct a
green home is growing.

Green residential buildings remain a sliver of the residential
construction pie, to be sure, but when low-income housing goes green, as
is happening in Hartford and Bridgeport, that is a signal. Because if
there was a criticism of green residential construction, it was the cost.

But the premium for green construction can be comparatively small, and
often offset by lower operating costs. Some elements of green
construction, in fact, are so competitive that in both Hartford and
Bridgeport, low-income green housing projects – where every dollar is
critical – are under way. Some green building features don’t even carry an
extra cost, such as positioning windows to take advantage of natural
light.

The Rabinowitz home, designed by architect Donald Watson of Trumbull and
custom-built by Building Performance Construction Co. of Trumbull, is a
more expensive home on a big country lot. It serves, nonetheless, as an
example of the kind of green residence that many middle-income Connecticut
families could afford.

It is a New England farmhouse contemporary and totals more than 4,000
square feet, if you include the attic, basement and an above-garage annex,
all finished into usable living space for the family. But competitive bids
to build the basic house, about 2,500 square feet, came in at $130 a
square foot. Even with the added cost of land, that figure for the core
house remains solidly within the range of many middle-income Connecticut
families.

The bid cost was several years ago, Watson said, and was “within the range
of 5 percent of conventional construction costs.” But the home’s operating
costs will be significantly lower than a conventional home, and many
features will require minimal maintenance, including such features as
factory-painted, cement-fiber siding.

“The argument is, you’re getting your money back through energy efficiency
and lower house maintenance costs,” Watson said. Just as with
energy-saving appliances, the initial cost may be higher, but lower
operating costs can make the overall cost less expensive over a period of
years.

Virtually every feature, every material used in the Rabinowitz home is
green, relying wherever possible on materials or systems that are
harvested or manufactured in an eco-friendly way, do not pollute and
conserve energy. Floors are bamboo. Fiber cement clapboard siding comes
with a finish that reduces the need for on-site painting and maintenance.
The house is highly insulated and requires only a small and highly
efficient boiler. An automatic ventilation system brings in fresh air. It
has solar panels to heat hot water and soon will have photovoltaic panels
to produce electricity.

Paints and trim give off no volatile organic compounds, which minimizes
airborne pollution. The house even has a root cellar off the basement; an
old-fashioned idea that still works, taking advantage of a place where
temperatures are cool and vary little over the year. There, many foods can
be safely stored without mechanical refrigeration.

The couple – he is an associate professor at Yale School of Medicine; she
is a physician’s assistant – estimate their electricity and fuel costs
already are about half what they were in their previous home in Westport,
which they described as a gas-guzzler.

Nellie Rabinowitz said their experience has been an indication of the
rapid advances in green construction. New products kept coming on the
market, often giving them unexpected choices in material or furnishings.

“Every month there were new options,” she said.

“More builders know something about it and are willing to try it and work
with it,” said Peter Rabinowitz, whose research includes the exposure of
humans to pollutants at home and work. “And there are more suppliers. It’s
all becoming a lot easier since we started.”

Still, residential green construction amounts to a last frontier because
green construction already has a stronger presence in commercial and
institutional projects. But now, even residential green construction is
catching on.

“It is definitely starting to get traction out there in the marketplace,”
said Adam Ney, president of AuctorVerno, a company with offices in Bethany
and Bloomfield that promotes green construction. In Connecticut, green
construction is most common among expensive homes and lower-income
projects, though Ney said there are signs mid-priced homes are
incorporating some green features, such as energy-efficient appliances, as
a way to attract buyers in a cool housing market.

“More and more developers are starting to embrace sustainable as a way to
market to a growing buy-green marketplace,” Ney said.

Habitat for Humanity

In the North End of Hartford, in a neighborhood with more than its share
of bumps and bruises, is a modest but very green building that
demonstrates that a green residence does not have to be expensive.

Hartford Area Habitat for Humanity has just completed a duplex residence
that is both affordable and green. The units have about 1,250 square feet
each, have been appraised at $117,600 and are being sold for $88,000 to
families with incomes below 50 percent of the area’s average median
income.

“That house is probably one of the greenest houses in Hartford County, if
not the state,” Ney said.

The houses are on Risley Street, on a former factory parking lot in a
neighborhood where Habitat for Humanity is building 33 homes. With the
exception of solar panels on the roof and front-loading, water-conserving
clothes washers in the basements, funded by United Technologies Corp., the
organization says the green features of the duplex can now be replicated
on the additional homes it will be building.

“It’s been great for us to do something like this because it shows you can
build green affordably,” said Julie M. Donahue, Hartford Area Habitat for
Humanity executive director.

To reduce air pollutants, there is no wall-to-wall carpeting; the owners
can use area rugs where needed. Using 2-by-6 studs spaced every 24 inches,
instead of 2-by-4s every 16 inches, wood use was cut 30 percent. That was
possible because Habitat used engineered lumber, which incorporates
recycled wood and is stronger than conventional lumber. The 2-by-6s then
allowed the use of thicker wall insulation, which will keep monthly energy
costs down.

Toilets incorporate the latest low-flow technology. Rainwater will be
gathered and available to wash cars and water plants. Appliances are
highly energy efficient. Even copper piping is eliminated, Donahue said,
because copper is often mined in developing countries with little regard
for the environment – and because in some earlier Habitat for Humanity
homes, valuable copper pipes were stolen before construction was
completed.

The project included technical training so the organization can replicate
the green features in other houses in the complex. “You don’t want to
build a house like this and then walk away and go back to building the way
you always built,” Donahue said. “You want to be able to learn enough
through the process that you can continue building this way.”

There is enormous potential for energy savings from buildings, according
to the American Institute of Architects, which estimates that buildings
consume about 76 percent of all electricity generated by U.S. power plants
and account for nearly 48 percent of the greenhouse gases thought to
contribute to global warming. The institute is calling for strict new
energy standards for new buildings and major building renovations.

Bridgeport Neighborhood Trust

In Bridgeport, a Bridgeport Neighborhood Trust project similar to the
Habitat for Humanity project will create two duplex buildings with homes
of 1,000 to 1,200 square feet, with, among other green features, highly
insulated foundations and walls that will significantly reduce heating and
cooling costs. Work is scheduled to begin this spring, and the idea is to
use them as models for new duplex homes on other lots in the city.

A key goal is to keep operating costs of these homes far lower than in
conventional housing, as one way to make them more affordable over the
years for their low-income owners. The idea is to create “an affordable,
versatile home that can be replicated across the city,” said Michael
Taylor, project manager for the design of the new buildings and president
of Vita Nuova of Newtown, a company that promotes sustainable development.

“It is a sustainability issue for these neighborhoods; they can use the
funds they would have used on utilities to keep the house up,” he said.
Fannie Mae, the private company that helps low-, moderate- and
middle-income families purchase homes, provided a $21,000 grant to develop
the green housing prototypes.

“We hope that when we are done, anybody can build them,” Taylor said. The
plans eventually will be available to the public at no cost.

Contact Steve Grant at sgrant@courant.com
Copyright 2007, Hartford Courant