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The Sapir Organization Announces Energy Management Initiatives
Historic Property 11 Madison Avenue Leads Organization-wide Energy Conservation
"I'm very proud and personally gratified to see tangible, environmental benefits result from our eco-conscious initiatives," states Alex Sapir, president of The Sapir Organization. "We remain committed to delivering on our responsibility to the environment and are proud to create energy-efficient buildings."
The Sapir Organization has made significant capital investments in energy conserving technologies in all their properties and through building renovations that utilize the most current and environmentally friendly materials. Upgrades to the air conditioning systems at properties including 11 Madison, 260 and 261 Madison and 100 Church Street have yielded striking results. The Company installed and/or upgraded existing refrigeration plants to make the operation more efficient and significantly conserve energy. Due to these energy conservation programs, 11 Madison Avenue has been able to lower their consumption in kilowatt hours by 4-5% annually since 2003. Additionally, new energy efficient stainless-steel water cooling towers designed to operate on a need/use basis for optimal energy efficiency have been installed across several properties including 100 Church Street and 260 Madison Avenue. The cooling towers are able to serve entire buildings and also have the capacity to support supplemental cooling on a need basis, including after hours use, which is an amenity tenants have been overwhelmingly receptive to.
Elevator systems have been modernized across the properties including at 11 Madison, 260 and 261 Madison and 100 Church Street. These upgrades have borne not only a reduced electrical consumption but also more reliable functionality. Investments in digital building management systems have resulted in marked energy conservation, enabling the optimization of equipment.
Energy conservation has been a key goal of the renovations at 100 Church Street. All of the windows in the 21-story, 1.1 million square foot office building are being replaced. Existing windows, which feature single-paned glass divided into three sections, will be replaced with energy efficient, double-paned, solid glass windows which will be operable only by building staff.
About The Sapir Organization
The Sapir Organization is a privately held, New York–based real estate holding and development firm with over 7 million square feet of prime Manhattan commercial office space. Founded by Chairman Tamir Sapir, the company is developing mega new residential and multi-use projects under the leadership of its President Alex Sapir and Vice President Zina Sapir-Rosen. The Sapir Organization owns significant architectural landmarks throughout Manhattan including 11 Madison Avenue, The Duke Semans Mansion, 2 Broadway, 260 Madison Avenue, 261 Madison Avenue, 384 Fifth Avenue, 100 Church Street, and two residential buildings, 50 Murray Street and 53 Park Place. Additionally, the company has expanded its reach with SDS Investments, an investment and development company that funds a wide range of real estate projects including the William Beaver House, a residential condominium currently under construction in the Financial District and the largest assemblage of land in Las Vegas at 110 acres. The Sapir Organization has partnered with Donald J. Trump to develop the Trump SoHo Hotel and Condominium New York, the first five-start luxury hotel condominium under construction in SoHo. Sapir is at the forefront of the revitalization of downtown Manhattan and currently has projects in the U.S. and Mexico in excess of $2 billion.