The Cut Carbon Note finances sustainable buildings

Cut Carbon Portfolio By the Numbers

Portfolio Map

Portfolio List

Coliseum Building

Minneapolis, MN

_{Photo credit: Google}

Project overview: Energy efficiency upgrades to the historic Coliseum that is being revitalized as a hub for local small businesses owned by people of color, including immigrants, after it was damaged in the civil unrest following the murder of George Floyd. Nonprofit community developer, Redesign, Inc., is partnering with the community and three local Black-owned small businesses to ensure the building, now on the National Register of Historic Places, is a key part of the Longfellow neighborhood’s revitalization.

Efficiency upgrades: HVAC, electrical and lighting

Environmental impact over the expected weighted average life of (20 years):

• Carbon savings: 4070 metric tons
• Energy savings: $1,466,155
• Kwh savings: 9,313,180
• KBTU savings: 28,622,580

CIRRUS Low Carbon Verified: Yes

Colman Yards

Rockford, IL

Project overview: Colman Yards is a multi-family complex that was built through the conversion of vacant historic industrial buildings in Rockford, IL. The project includes the development of 215 market-rate apartments consisting of studios, one-, two-, and three-bedroom units. In addition, the property will also have over 15 thousand square feet of retail space on the ground floor. With the help of C-PACE, the building will be refurbished through masonry repair and window replacement while maintaining its historic look and reducing the heating and cooling loads significantly.

Efficiency upgrades: Building Envelope, HVAC, Plumbing, and Electrical and Lighting

Environmental impact over the expected weighted average life of (35 years):

• Carbon savings: 21,130 metric tons
• Energy savings: $ 15,605,324
• Kwh savings: 40,358,920
• KBTU saving: 277,645,130

CIRRUS Low Carbon Verified: Yes

Euclid Office Building

Euclid, Ohio

Project overview: Solar power installation on an office building in Euclid, a suburb of Cleveland. The solar array includes both roof-mounted and ground-mounted solar.

Efficiency upgrades: Solar PV Array

Environmental impact over weighted average life (25 years):

• Carbon savings: 7,321 metric tons
• Energy savings: $1,410,718
• Kwh savings: 31,609,800
• Installed solar capacity: 1,160 kWp
• Annual solar production: 970 MWh

CIRRUS Low Carbon Verified: Yes

Gulfstream Hotel

Lake Worth Beach, FL

Project overview: The Gulfstream Hotel is a 7-story historic hotel building, originally built in 1925 and was added to the National Register of Historic Places in 1983. The hotel was closed in November 2005 after suffering water damage from Hurricane Wilma that year and has remained closed since. Upon completion of the restoration, The Gulfstream will be operated as an upper-upscale, full-service hotel to be associated with the Tribute Portfolio or Autograph Collection brand, and will feature 90 rooms, a restaurant and lounge, a pool, a fitness room, a business center, a gift shop, and vending areas.

Efficiency upgrades: Building Envelope, HVAC, Electrical, Plumbing

Environmental impact over the expected weighted average life of (34 years):

• Carbon savings: 14,358 metric tons
• Energy savings: $6,193,062
• Kwh savings: 27,719,180
• KBTU savings: 121,995,400

Cirrus Low Carbon Verified: yes

JacksonShaw AC

Las Vegas, NV

Project overview: JacksonShaw AC will be a 441-room, 5-story, 266,356-square foot upscale modern European design and service hotel located in downtown Las Vegas. The hotel will be the newest development within the 61-acre, master planned multi-use development Symphony Park which currently hosts the Cleveland Clinic-Lou Ruvo Center for Brain Health, The Smith Center for the Performing Arts, and the Discovery Children’s Museum. This project is Cirrus Low Carbon verified and will save over 12,000 metric tons in Carbon savings, as well as over $4.4 million in energy savings over its lifetime.

Efficiency upgrades: Building Envelope; HVAC; Plumbing; Electrical; Roof; Insulation; Elevator

Environmental impact over the expected weighted average life of (30 years):

• Carbon savings: 12,708 metric tons
• Energy savings: $4,416,236
• Kwh savings: 14,565,000
• KBTU savings: 138,435,780

Cirrus Low Carbon Verified: yes

Kenwood Place

Cincinnati, Ohio

Project overview: Redevelopment of an existing strip mall into energy efficient ground-floor retail and second story office space. The property is directly across the street from the premier enclosed shopping mall in the state, the Kenwood Towne Centre.

Efficiency upgrades: Windows, roof, HVAC, building envelope, plumbing, electrical

Environmental impact over the expected weighted average life of (28 years):

• Carbon savings: 1,215 metric tons
• Energy savings: $319,878
• Kwh savings: 1,551,676
• KBTU savings: 8,898,120

CIRRUS Low Carbon Verified: Yes

Lactalogics

Port St. Lucie, FL _{Photo credit: Google}

Project overview: Lactalogics’ 2-story building is in the process of being converted into a state-of-the-art life-science laboratory facility. The planned renovations will transform the property into a fully operational breast milk processing plant. Lactalogics is focused on human milk-based nutrition for premature and full-term infants who need supplementation. The organization aims to increase the number of newborns who receive an exclusive human-milk diet, through human donor milk, so the infants receive the lifesaving benefits that the milk provides.

Efficiency upgrades: Dematic Machinery - Process Equipment

Environmental impact over the expected weighted average life of (30 years):

• Carbon savings: 66,720 metric tons
• Energy savings: : $16,606,912
• Kwh savings: 93,877,080
• KBTU savings: 323,138,160

The Marlow

Milwaukee, Wisconsin

Project overview: Redevelopment of a historic five-story building in downtown Milwaukee into a boutique hotel and restaurant. Originally constructed in 1920, the property is being updated to include a restaurant area and fitness area.

Efficiency upgrades: Insulation, building envelope, windows, elevator, HVAC, plumbing, and lighting and electric

Environmental impact over the expected weighted average life (30 years):

• Carbon savings: 16,119 metric tons
• Energy savings: $5,627,030
• Kwh savings: 24,715,980
• KBTU savings: 223,809,360
• Water conserved: 1,485,000 gallons

Meadow Valley

Traverse City, MI

Project overview: New senior living development that will be one of the highest quality senior housing facilities on the market, with 154 units for independent living, assisted living and memory care.

Efficiency upgrades: Bricker/stone veneer, thermal & moisture protection, windows, elevator machinery, cab, general plumbing, HVAC, electrical and lighting

Environmental impact over the expected weighted average life (27 years):

• Carbon savings: 9858 metric tons
• Energy savings: $2,414,163
• Kwh savings: 8,638,920
• KBTU savings: 106,918,596
• Water conserved: 14,120,838

Nebraska Multisport Complex

Omaha, Nebraska

Project overview: Nebraska MultiSport has a mission to provide people of all ages with high-quality, athletic facilities needed to pursue a healthy lifestyle. Nebraska Multisport will have twelve lighted synthetic turf athletic fields with spectator seating for up to 800, concessions, restrooms, and other support facilities. The complex will host regional and national events that will have significant and recurring economic impact for the City of La Vista and State of Nebraska.

Efficiency upgrades: electrical and lighting

Environmental impact over the expected weighted average life (34 years):

• Carbon savings: 3,434 metric tons
• Energy savings: $1,724,270
• Kwh savings: 5,338,726
• KBTU saving: 18,215,722

One South Main Tower

Laredo, Texas

Project overview: The One South Main Tower was constructed in 1973 and originally served as a 205-room hotel. It is currently undergoing substantial renovations and being converted for multi-family and retail use. The property will include a fitness center, conference rooms, and ground and top-floor retail space. Tenants will benefit from an energy efficient building and reduced energy costs.

Efficiency upgrades: HVAC, electrical and lighting, plumbing, exterior insulation and finish system, windows, and elevator

Environmental impact over the expected weighted average life (26 years):

• Carbon savings: 4,186 metric tons
• Energy savings: $1,494,062
• Kwh savings: 7,849,397
• KBTU savings: 26,782
• Water conserved: 17,758,700 gallons

Painesville Tower Student Housing

Painesville, Ohio

Project overview: Lake Erie College, a private liberal arts college founded in 1856, is converting an old Chase Bank office building into new, high-end housing for their students. The building will have 171 bedrooms, a fitness center, conference space, and a dining hall. The project is located in an Ohio Community Redevelopment Area and received a Historic Tax Credit allocation.

Efficiency upgrades: HVAC, electrical and lighting, roof, new insulation, and energy efficient windows

Environmental impact over the expected weighted average life (28 years):

• Carbon savings: 3,024 metric tons
• Energy savings: $960,493
• Kwh savings: 5,000,044
• KBTU savings: 17,230,948

CIRRUS Low Carbon Verified: Yes

The Quartier Co-op

New Canaan, CT

Project overview: The Quartier Co-op, located in the historic district of New Canaan, is a mixed-use cooperative, consisting of multi-family units, townhomes, and retail space. This is a CIRRUS Low Carbon verified project that will save 3,167 metric tons of Carbon and $3,851,556 in energy costs.

Efficiency upgrades: Building Envelope, HVAC, Electrical, Plumbing, Elevators and Renewables

Environmental impact over the expected weighted average life of (33.3 years):

• Carbon savings: 3,167 metric tons
• Energy savings: $3,851,556
• Kwh savings: 10,555,534
• KBTU savings: 36,015,482

Cirrus Low Carbon Verified: Yes

Residences at Agora

Cleveland, Ohio

Project overview: The historic Agora Theater, originally constructed in 1912, was once home to WHK Studio One, the first radio station in the area. The property will be renovated and converted to feature 48 apartments units, office space, and a street-facing restaurant. Tenants will benefit from efficient building and lower utility costs. This development is the country’s first CIRRUS Low Carbon property.

Efficiency upgrades: Electrical and lighting, building envelope (including roof and HVAC), plumbing

Environmental impact over the expected weighted average life (29 years):

• Carbon savings: 1,485 metric tons
• Energy savings: $449,475
• Kwh savings: 2,119,320
• KBTU savings: 7,231,034
• Water conserved: 5,370,104

CIRRUS Low Carbon Verified: Yes

Scripps Medical

Sacramento, CA

Project overview: Scripps Medical is a 35,390-square foot, three-story, suburban medical/dental office building located in Sacramento, CA. The building underwent major renovations after suffering damage from a fire in late 2021. Currently, 14 of the 17 office spaces are leased out. Scripps Medical will benefit from efficiency upgrades including the building envelope, electrical and lighting, HVAC, plumbing, and soft costs, saving $217,922 in energy costs over its lifetime.

Efficiency upgrades: Building Envelope; Electrical/Lighting; HVAC; Plumbing; Soft Costs

Environmental impact over the expected weighted average life of (36 years):

• Carbon savings: 198 metric tons
• Energy savings: $217,922
• Kwh savings: 815,112
• KBTU savings: 2,781,180
  
  
  

Town 9 Industrial Building

Germantown, Wisconsin

Project Overview: CIRRUS Low Carbon Verified property that meets demand for warehouse/distribution in the area northwest of Milwaukee. The Warehouse has 164,284 sq ft of Hard (Parking/Driveway) space and can accommodate up to four tenant offices inside with 322,061 sq ft of dedicated green space. Tenants will benefit from the efficient building envelope that will help them save energy.

Efficiency upgrades: HVAC, building envelope, plumbing, electrical and elevator

Environmental impact over the expected weighted average life (30 years):

• Carbon savings: 26,736 metric tons
• Energy savings: $3,998,714
• Kwh savings: 16,922,100
• KBTU savings: 112,680,210

CIRRUS Low Carbon Verified: Yes

Townhomes on Nemo

West Hollywood, CA

_{Photo credit: Google}

Project overview: Townhomes on Nemo is a proposed 3-unit market-rate multi-family property with 626 square feet of ground floor commercial space. The newly constructed building will be unique to the local market in West Hollywood, CA, as there are few townhouse-style properties in the area. The building also meets the CIRRUSTM Low Carbon requirements.

Efficiency upgrades: Building Envelope, Electrical, HVAC and Plumbing

Environmental impact over the expected weighted average life of (33 years):

• Carbon savings: 158 metric tons
• Energy savings: $276,270
• Kwh savings: 579,480
• KBTU savings: 65,248,524

CIRRUS Low Carbon Verified: Yes

The Westington

Troy, MI

Project overview: The Westington, located in Troy, MI, consists of two 3-story buildings. There will be 30 apartments each with two bedrooms, as well as an office and a multipurpose room in the north building. The Westington will benefit from efficiency upgrades to plumbing electric, the roof, windows, the building envelope, and HVAC system.

Efficiency upgrades: Plumbing Electric, Roof, Windows, Building Envelope, HVAC

Environmental impact over the expected weighted average life of (34 years):

• Carbon savings: 1,367
• Energy savings: $611,247
• Kwh savings: 1,614,218
• KBTU savings: 5,959,928

The 70th Apartments

Cleveland, Ohio

Project overview: New construction of a 64-unit multifamily building in downtown Cleveland consisting of 20 studios, 28 one-bedroom/one-bathroom apartments, and 16 two-bedroom/two-bathroom apartments. The project is located in a Qualified Opportunity Zone and Ohio Community Reinvestment Area.

Efficiency upgrades: HVAC, building envelope, lighting and electric, plumbing, water

Environmental impact over the expected weighted average life (28 years):

• Carbon savings: 4,859 metric tons
• Energy savings: $1,365,730
• Kwh savings: 7,068,067
• KBTU savings: 21,525,348

The Allen

San Antonio, Texas

Project overview: Historical redevelopment of a midtown building near San Antonio’s Central Business District into office and retail space. The property is named after a beloved flower shop and antique store that had operated in the building.

Efficiency upgrades: HVAC, thermal & moisture protection, and electrical and lighting

Environmental impact over the expected weighted average life of (26 years):

• Carbon savings: 549 metric tons
• Energy savings: $333,685
• Kwh savings: 1,472,431
• KBTU savings: 5,025,427

CIRRUS Low Carbon Verified: Yes