Detroit, Michigan - The Economic Development Corporation of the City of
Detroit has approved $447,000 in SmartBuildings Detroit grants to make
energy-saving improvements to 10 buildings in greater downtown. Under
the program guidelines, the grants are capped at $100,000. This set of
grants is expected to leverage $5.2 million in additional investments
from the building owners or other sources. Grantees will monitor and
report their actual energy cost savings from the completed work to the
EDC.
Motown Construction Partners,
LLC is renovating the 34-story Broderick Tower at 10 Witherell St. as a
mixed residential and retail development. The firm expects to use its
$100,000 grant - the maximum allowed - to pay a portion of the
estimated $3.1 million total costs of energy-efficient HVAC systems
going into the building. The remainder will be funded by a number of
loans, federal and state historic tax credits and other sources that
are also being tapped for the overall renovation.
Bedrock Management Services, LLC,
doing business as Bedrock Real Estate Services, is planning a number of
energy-saving improvements to three buildings it owns downtown:
- Chase Tower at 611 Woodward Ave. The proposed upgrades include HVAC
equipment and lighting replacements. The firm expects to use its
$100,000 grant - the maximum allowed - to pay a portion of the total
estimated eligible costs of $1.42 million. Bedrock will fund the
remainder.
- Madison Theatre Building at 1555 Broadway. Bedrock is expecting to
replace lighting and HVAC equipment. The firm expects to use its
$100,000 grant - the maximum allowed - to pay a portion of the total
estimated eligible costs of $533,000. Bedrock will fund the remainder.
- Dime Building at 719 Griswold St. Bedrock is planning on upgrading HVAC
equipment. The firm expects to use its $60,900 grant to pay 25% of the
$244,000 total estimated eligible costs of the project. Bedrock will
fund the remainder.
Ernst Hotel Supply Co., Inc.
is planning on making a number of energy-saving improvements to its
building at 2888 Riopelle St. The proposed improvements include:
insulation, a new water heater and storage tank, and lighting
replacement. The company will use its $24,400 grant to pay 25% of the
$97,600 total estimated eligible costs of the project. The remainder
will be paid by Ernst Hotel Supply and the DTE Your Energy Savings
energy optimization program.
B & B Property Management
is expecting to make a number of energy-saving improvements to its
apartment building at 253 East Edsel Ford Freeway. The proposed
improvements include: window and lighting replacement, boiler system
improvements and weather stripping. The company will use its $19,500
grant to pay 25% of the $78,000 total estimated eligible costs for the
project. The remainder will be paid by B & B Property Management
and the DTE Your Energy Savings energy optimization program.
Eastern Market Produce, LLC
will be installing energy-efficient lighting and new coolers in its
building at 2726 Riopelle St. The improvements were identified in an
energy assessment. The firm will use $16,800 in grant funds to pay 25%
of the $67,300 total estimated eligible costs for the project. The
remainder will be paid by Eastern Market Produce and the Michigan Saves
Commercial Pilot Loan Program.
HDC Partners is planning to install high-efficiency lighting in two downtown parking garages:
- 116 Lothrop Road. The firm expects to use its $14,800 grant to pay 25%
of the $59,000 total estimated eligible costs for the project. The
remainder will be paid by HDC Partners and the DTE Your Energy Savings
energy optimization program.
- 6549 Cass Ave. The firm expects to use its $6,900 grant to pay 25% of
the $27,500 total estimated eligible costs for the project. The
remainder will be paid by HDC Partners and the DTE Your Energy Savings
energy optimization program.
Luella Hannan Memorial Foundation
will be installing energy-efficient lighting fixtures in its
residential building at 4750 Woodward Ave. The owners will use a $4,000
grant to pay 25% of the $16,000 total estimated eligible costs for the
project.
The Economic Development Corporation is continuing
to accept applications for the SmartBuildings Detroit Program grants
and related Green Fund loans. In general, any improvements identified
in an energy assessment for the building are eligible. Energy
assessments can be done at program expense. These might include:
- Building Enclosure - Insulation and weatherization, glass replacement.
- Building Systems - Interior and exterior lighting and electrical, HVAC, low flow water/plumbing.
- Alternative Energy Generation - Solar panels, geothermal, wind, &
water systems are eligible as long as other energy savings improvements
are also made.
The program area is generally bounded by the Detroit River on the
south, the Lodge Freeway (M-10) on the west, Seward on the north and
the Walter Chrysler Freeway (I-75) including the Eastern Market area -
on the east.
More information about the SmartBuildings Detroit Program and how to apply for a grant or Green Fund loan are posted on www.SmartBuildingsDetroit.org.
Grantees will monitor and report their actual energy cost savings from
the completed work to the Economic Development Corporation.
Background
The Economic Development Corporation of the City of Detroit (EDC) is
implementing the SmartBuildings Detroit Program using a $10 million
U.S. Department of Energy (US DOE) grant to encourage the installation
of energy-saving improvements for commercial, institutional and public
buildings in downtown Detroit to optimize the performance of city real
estate. The program leverages other incentives and energy optimization
programs available to commercial property owners. SmartBuildings
Detroit is part of the statewide BetterBuildings for Michigan Program.
BetterBuildings for Michigan uses a community approach to deliver
energy-efficient improvements for homes and businesses by providing
access to incentives and affordable loans. The program is supported by
the American Recovery and Reinvestment Act (ARRA) and developed by the
Michigan Energy Office; Michigan Saves; the City of Grand Rapids; the
Economic Development Corporation of the City of Detroit; and the
Southeast Michigan Regional Energy Office.
Detroit Economic Growth Corporation (DEGC) is a non-profit organization
that serves as the lead implementing agency for business retention,
attraction and economic development initiatives in the city of Detroit.
DEGC is led by a 60-member board comprised of business, civic, labor
and community leaders. Its 35 professionals provide staff services for
key public authorities that offer tax credits and other forms of
financing for projects that bring new jobs or economic activity to the
city. Among them: the Downtown Development Authority (DDA), Detroit
Brownfield Redevelopment Authority (DBRA), Economic Development
Corporation (EDC), Neighborhood Development Corporation (NDC), Local
Development Finance Authority (LDFA), and Tax Increment Finance
Authority (TIFA). DEGC also provides planning, project management and
other services under contract to the City of Detroit.
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Media contact:
Bob Rossbach
313-402-9831
bob@rossbach.tv |