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Bullitt Center April 30, 2013 Thomas Bobo Justin Farrar Zabrina Johal PowerPoint PPT Presentation


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Burnham-Moores Center for Real Estate University of San Diego Master of Science in Real Estate Presentation. Bullitt Center April 30, 2013 Thomas Bobo Justin Farrar Zabrina Johal. Please do not quote or use this presentation without appropriate recognition. Thank you!.

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Bullitt center april 30 2013 thomas bobo justin farrar zabrina johal

Burnham-Moores Center for Real EstateUniversity of San DiegoMaster of Science in Real EstatePresentation

Bullitt Center

April 30, 2013

Thomas Bobo

Justin Farrar

Zabrina Johal

Please do not quote or use this presentation without appropriate recognition. Thank you!


The greenest commercial building in the world

“The Greenest Commercial Building in the World”

  • GOAL: revolutionize how commercial buildings are designed and built and eventually turn a profit

  • Opened on April 22, 2013—Earth Day!

  • Living Building Challenge

  • Located at 15th Avenue and East Madison Street

1 MILE

Burnham-Moores Center, MSRE Program, University of San Diego


Bullitt center april 30 2013 thomas bobo justin farrar zabrina johal

Burnham-Moores Center, MSRE Program, University of San Diego


Major players

Major Players

  • Owner – Bullitt Foundation

    • Established in 1952 by Dorothy S. Bullitt

    • Inherited 28% of the King Broadcasting Stock in 1989

    • Devoted to protecting and restoring the environment of the Pacific Northwest

    • Leases half of the top floor (6th)

  • Architect – The Miller Hull Partnership

    • Established in 1977

    • Emphasis on socially responsible and human public architecture

    • Diverse assortment of projects

    • Reputation is based on simple, innovative and authentic designs

  • Developer – Point 32

    • Delivers quality buildings, strong financial returns, and pride of ownership

    • Leases the entire 4th Floor

Burnham-Moores Center, MSRE Program, University of San Diego


The bullitt center worth every penny for tenants with similar intrinsic values

The Bullitt Center: Worth Every Penny for Tenants with Similar Intrinsic Values

“We aren’t making the move due to dollars and cents, but because we want to be part of something pioneering that reflects our values.”

- Bullitt Center Tenant

  • Bullitt Center Drivers

    • State of the art demonstration

    • Goal: build the greenest possible building ever built

  • “A little pricey”

    • Construction costs added up to $355/sf ($55/sf more than typical)

    • Slightly less than most new building downtown

      • Located 1 mile east of downtown – far removed from amenities

    • Does not appeal to the typical tenant

  • Appeals to first-of-a-kind adopters with “green” values

Burnham-Moores Center, MSRE Program, University of San Diego


Multi tenant 50 000 s f office building

Multi-Tenant 50,000 S.F. Office Building

  • The building was preleased and open to the public

  • Tenants started moving in March 2013

  • Multi-tenant – 80% leased

Burnham-Moores Center, MSRE Program, University of San Diego


Project realization

Project Realization

  • Bullitt Foundation

  • Education partners: University of Washington and Cascadia Green Building Council

  • Department of Planning and Development

  • New Market Tax Credits

  • US DOE and Pacific Northwest National Laboratory

  • Tenants

  • Still seeking philanthropic partners to fully realize the vision – Center for Energy and Urban Ecology and McGilvra Place Green Infrastructure

Burnham-Moores Center, MSRE Program, University of San Diego


Bullitt center april 30 2013 thomas bobo justin farrar zabrina johal

Awards and Certifications

  • Projected to meet the Living Building Challenge

    • Site, water, energy, health, materials, equity and beauty

    • Performance-based and evaluated after one year of operation

  • 2012 Forest Stewardship Council Design & Build Award

    • Use of sustainable lumber

  • 2012 Seattle AIA Award

    • Best in sustainable design

  • LEED Platinum

Burnham-Moores Center, MSRE Program, University of San Diego


Challenges

Challenges

Burnham-Moores Center, MSRE Program, University of San Diego


Design

Design

Burnham-Moores Center, MSRE Program, University of San Diego

All image sourced from Bullitt Building official blog


Composting toilets

Composting toilets

  • Phoenix Composting Toilets from Advanced Composting System of Whitefish, Montana

  • Saves water, energy, and eliminates nutrient release into the watershed

  • Unique to commercial buildings

Burnham-Moores Center, MSRE Program, University of San Diego


Solar energy

Solar Energy

Seattle

Annual rainfall: 38.6 in

Cloudy days: 225

Rainy days: 150

Burnham-Moores Center, MSRE Program, University of San Diego


Daylighting

Daylighting

False color imaging of a photo taken inside

a physical model of the level 2 mezzanine

provides visualization of luminance levels

and the influence of a skylight.

Daylighting analysis of early atrium scheme

showing limited daylight effects on levels 5&6

Burnham-Moores Center, MSRE Program, University of San Diego


Interior lighting effects ceiling height

N

Interior lighting effects: ceiling height

Orientation

11’6” ceiling height

14’2” ceiling height

77% of floor has daylight levels below the 2% daylight factor

38% of the floor area has daylight levels below the 2% daylight factor

39% increase

Burnham-Moores Center, MSRE Program, University of San Diego


Rainwater cistern

Rainwater cistern

  • City of Seattle

    has not approved

    treated rainwater

    to be used as a

    potable source.

  • Ownership of rainwater is contentious issue.

Burnham-Moores Center, MSRE Program, University of San Diego


Pop quiz

Pop Quiz

  • Water Capture:

    • Seattle has a higher annual rainfall (measured in inches) than how many of these cities?

      • Boston

      • Atlanta

      • Nashville

      • NYC

      • New Orleans

      • Houston

Burnham-Moores Center, MSRE Program, University of San Diego


Pop quiz answer

Pop Quiz: Answer

Source: Denis Hayes interview, NOAA

Burnham-Moores Center, MSRE Program, University of San Diego


Water cost

Water Cost

  • Seattle: Less than a penny a gallon

    • Off-Peak (Sept 16 – May 15) = $4.50 / CCF

    • Peak (May 16 – Spet 15) = $5.72 / CCF

Source: Seattle Public Utilities District

Burnham-Moores Center, MSRE Program, University of San Diego


How well has the project worked

How well has the project worked?

  • “This is a market rate project”

    • Absorption was in line with expectations

    • 80% occupied at opening

  • Core & Shell costs = $18.5 Million

    • That’s $355/sf

    • “More of a warm shell”

    • Plan to “normalize” costs

      for comparison

Burnham-Moores Center, MSRE Program, University of San Diego


Energy reduction

Energy Reduction

Burnham-Moores Center, MSRE Program, University of San Diego


Energy uses

Energy Uses

Burnham-Moores Center, MSRE Program, University of San Diego


Benefits

Benefits

  • White roof = 15% cooling load savings

  • Solar = “Net Metering”

    • 30% Federal grant toward PV purchase

    • Federal Tax Credit for up to 30% of installation cost of PV system

    • 100% rebate on

      Sales & Use Tax

      for installation

Burnham-Moores Center, MSRE Program, University of San Diego


Bullitt center solar energy

Bullitt Center Solar Energy

Burnham-Moores Center, MSRE Program, University of San Diego


Electricity prices

Electricity Prices

2011: 6.72 cents/kWh

Burnham-Moores Center, MSRE Program, University of San Diego

2011 Rate Source: Seattle Seattle City Light


National payback forecasts on pv

National Payback Forecasts on PV

20-30 Years

Burnham-Moores Center, MSRE Program, University of San Diego


Summary

Summary

  • “If the building is still the highest-performing one of its kind 10 years from now, the experiment will have failed.” –Denis Hayes

  • Reaching for Living Building Challenge

    • 12 months to prove it

Burnham-Moores Center, MSRE Program, University of San Diego


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