- Posted at 4:35, December 04, 2013
- By Russ Bleemer
Crain's New York Business reports that the sale of a vacant lot at 542 W. 153rd St. between Broadway and Amsterdam avenues is the beginning of New York's greenest homes.
The purchase by New York-based Synapse Capital of the 9,900 square-foot Harlem lot will be developed into about 40 market-rate rental units that will be Manhattan's "first residential building that measures up to passive house standards, a set of green guidelines that aim to cut heating costs by 90% through the use of solar energy, better insulation and other measures."
The goal, the article says, is to use 90% less energy than comparable buildings via solar and improved insulation methods.
Crain's quotes Synapse's managing partner, Albert Picallo: "We've discovered a process by which we can build a building we think will cost the same, consume less energy and create a better quality of life for the people inside," said Al Picallo, managing partner at Synapse.
The vacant site the article says, is across the street from a cemetery and was a parking lot for the seller, Sisters of Charity of St. Vincent de Paul, who, the article says, "parted with the lot for an undisclosed sum."
This afternoon's Crain's article can be found here.