Green Building, Investment and Government Incentives
Viviana is pleased to speak with James Robert Sellinger about Green building, real estate investment, and the government incentives currently available in New York City.
Green building is a holistic concept that starts with the understanding that the built environment can have profound effects, both positive and negative, on the natural environment, as well as the people who inhabit buildings every day. Green building is an effort to amplify the positive and mitigate the negative effects throughout the entire life cycle of a building.
Throughout her career in real estate and her years at NYU Schack graduate school it became crystal clear that a more holistic manner of understanding the built environment is paramount. That everyone can contribute to making the built environment healthier and more sustainable, especially government officials and institutions. Change is unavoidable and cannot wait any longer. The private sector has started investing in green building and sustainability because there is a universe of profitable opportunities in this arena. For the most part the cost differential is low, just around 5% for multifamily properties, and the market seems to be ready to cover that cost in order to build a healthier built environment for the community that inhabits it in the long term.
During Viviana’s time at Cushman & Wakefield managing the NY Presbyterian portfolio, she experienced first hand the commitment of some in the private sector to be a part of this movement of forward thinkers who envision a greater future for New York City, and growing cities across the globe. Viviana invites her audience to also be a part of this movement, and hopes enough people and organizations join forces to make the world a better place.