News: Owners Developers & Managers

Hudson Valley iCampus retains Constellation to manage 23-megawatt power plant

Pearl River, NY Hudson Valley iCampus has signed a long-term Operations and Maintenance (O&M) Agreement with Constellation to assume operations of the property’s existing central utility infrastructure. Hudson Valley iCampus is powered by a 23-megawatt, combined heat and power plant that delivers environmentally conscious and energy-efficient electricity, steam and chilled water to the tenants on the campus.

Constellation’s approach to onsite energy operations helps deliver seamless energy service while mitigating interruptions and maintenance stress. The campus is owned by Industrial Realty Group, LLC (IRG), a real estate development and investment firm with more than 100 million s/f of commercial property across the U.S.

“One of the most unique features of our campus is the redundant, reliable, highly efficient Central Utility Plant,” said Jamie Schwartz, President of Hudson Valley iCampus. “With the ability to generate 23 megawatts of electricity, the plant can power up to 4,000 average-size homes. We needed a partner who understands the significant utility requirements of our campus, and who could also ensure increased efficiency, sustainability and safety practices. Constellation provides all that, and more.”

Constellation has an existing relationship with IRG through their mutual involvement in the Hall of Fame Village and Resort development at the Pro Football Hall of Fame in Canton, Ohio. Constellation serves as the official energy provider for both the Hall of Fame and Hall of Fame Village.

“We’re pleased to have been selected to operate and maintain the onsite energy operations and supporting infrastructure at the Hudson Valley iCampus and are excited to expand our relationship with IRG,” said John Wardle, president of Constellation’s Energy Solutions group. “We look forward to collaborating with the Hudson Valley iCampus team to provide reliable energy to campus tenants while exploring opportunities to implement additional sustainable energy solutions.”

MORE FROM Owners Developers & Managers

GFP Development and CetraRuddy to speak at ICF “On the Future of City Living”

Manhattan, NY After the reveal of Wrey, the second office-to-residential luxury conversion by GFP Development and award-winning architecture and interior design firm CetraRuddy, two of its key design protagonists will speak at ICFF “On the Future of City Living.”
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
Hunt Commercial Real Estate Question and Answer:  Evaluating the buyer - by David Hunt

Hunt Commercial Real Estate Question and Answer: Evaluating the buyer - by David Hunt

The Purchaser: This is usually a subjective decision. As an example, a large public company may be a desirable purchaser because it is financially strong, but
IREON Insights:  Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
Follow the upside: How NYC  investors are rethinking real estate - by Thomas Donovan

Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan

In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily