Redstone Properties

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Green Building 101

Monday, March 23rd, 2009

What is Green Building?  According to the Vermont Green Building Network http://www.vgbn.org “Buildings have a tremendous impact on the environment–both during construction and through their operation.  Green building is a loosely defined collection of land-use, building design, construction, and operational strategies that reduce these environmental impacts. Green building practices offer an opportunity to create environmentally sound and resource-efficient buildings by using an integrated approach to design: architects, engineers, land planners, building owners and operators, and constructors get together and design the building by looking for cooperative or advantageous relationships between parts of the project.”
 
At Redstone we believe Green Building starts with selecting the right site.  Many of our projects involve reusing existing buildings and focusing investment in Vermont’s downtowns and village centers.  Working in locations with a variety of compatible uses and transportation alternatives results in fewer single occupancy vehicle miles traveled by building occupants.  After site selection, using high quality materials that will last long term, are sourced locally when possible, and do not contain harmful chemicals is critical.  Additionally, designing mechanical and electrical systems that perform efficiently reduces energy consumption and lowers a building’s carbon footprint.
 
There are a variety of excellent sources for additional information on Green Building topics and techniques.  In addition to the Vermont Green Building Network, a couple of my favorites are Environmental Building News (based in Brattleboro) http://www.buildinggreen.com/ and the U.S. Green Building Council http://www.usgbc.org/ 

What is real estate development?

Monday, January 5th, 2009

One of Redstone’s primary lines of business is real estate development.  We often get asked, “What is real estate development?”  The answer isn’t simple.  Real estate development is a complex business ranging from renovating existing buildings to improving raw land.  Many developers specialize in a particular market segment such as office development, industrial development, retail development, single family home building or multi-family development.  Some developers specialize further within these practice areas by focusing on suburban office parks, urban high rise office buildings, luxury homes, condominiums, apartments, shopping centers, historic rehabilitation, etc.  Generally, developers coordinate all of the activities involved in real estate development from concept to completion.  These activities include site identification; due diligence prior to acquisition; managing design consultants; navigating the public approvals process (also referred to as securing entitlements); coordinating construction; facilitating the legal structure to create investment partnerships and prepare real property for sale or lease; securing investment capital in the form of both debt and equity; and a myriad of other activities.  Some developers act as there own construction manager or general contractor while others rely on third party construction companies.  Real estate development requires patience, perseverance and expertise in a constantly changing environment.