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Union-Funded NJ Project Earns Smart Growth Award for Environmentally Conscious Construction

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The Hudson County Planning board has awarded the new union-funded Park Place development in Hoboken, New Jersey its 2013 Smart Growth Gold Award for achievements in creating an environmentally friendly development.  The project is being developed by the AFL-CIO Building Investment Trust (BIT), Bijou Properties, and Tishman Construction.   

The $131-million project is a 12-story, mixed use development that will feature 212 rental units, 13,000 square-feet of retail space, 32,000 square-feet for a school and a six level parking garage. In a statement to, Larry Biljou of Bijou Properties said:

“Park Place reflects our commitment to utilizing advanced, eco-friendly building practices and systems to create new properties that respect the environment and lifestyles of the community at large.  We’re delighted that the Hudson County Planning Board has recognized Park Place as a model for what should become standard principles of development in our cities today.”

The development has taken many steps to reduce its environmental impact.  Among these are a forward-thinking heating system, energy-efficient insulation, lights which will help the project achieve a 20 percent reduction in energy, and a planted roof terrace which will limit the runoff of storm water. Spaces for 100 bicycles and 12 electric car charging points encourage alternative transportation initiatives.  

The stated goal of all BIT projects is to put union pension funds to work in solid investments while creating quality construction jobs.


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