In commercial real estate development, sustainability has become a core value driving significant change. In fact, it’s a fundamental belief of 45 North Group, where we seek to accelerate sustainable solutions and regenerative concepts for commercial real estate facilities that provide healthy financial returns.
As we shift toward a greener future, commercial property owners are seeking ways to incorporate sustainability and renewable energy solutions into their projects. An owner's representative construction manager, like 45 North Group, serves as a key partner in identifying and assessing those sustainable solutions.
What is an Owner's Representative Construction Manager?
An owner's representative construction manager serves as a trusted advisor and advocate for tenants and property owners throughout the entire real estate project process including the site search, design, construction, and relocation phases. We manage every detail of a project from budgets and schedules to vendor relations and governmental approvals in order to help minimize risk and maximize efficiency. We bring our expertise and skill to successfully achieve the owner's vision, including their sustainability goals.
The Role of an Owner's Representative Construction Manager in Sustainability
Sustainable Strategy Integration
Owner's representatives work closely with tenants and property owners to define sustainability objectives, develop green building strategies and integrate renewable energy solutions into the facility project's design and construction.
Vendor Selection
Owner’s representatives assist in identifying and selecting contractors, architects and engineers with a track record in sustainable development, ensuring that the project team has the skill to achieve the owner's vision.
Budgeting & Cost Management
Sustainability typically does not require additional upfront investment, but, if it does, then it usually pays off in the long run. Owner's representatives help owners assess opportunities and balance the initial costs with long-term savings, ensuring a financially viable project.
Regulatory Compliance
Owner's representatives help owners navigate the complex landscape of sustainability-related compliance, minimizing risk and ensuring adherence to green building standards. In some instances, pursuing a sustainability strategy may increase the speed at which a project can get governmental approvals.
Quality Assurance
Owner's representatives monitor construction processes, ensuring that green building materials and energy-efficient systems are installed according to plan.
Sustainability & Renewable Energy Solutions
The journey toward sustainability in commercial real estate often includes the incorporation of renewable energy solutions.
As an owner’s representative for commercial renewable energy projects, 45 North Group assists companies in assessing and incorporating renewable energy solutions into their business operations and real estate assets. This includes both on-site as well as off-site opportunities that may be available given the specific project characteristics. Our team works to highlight and manage the costs, benefits and risks so that clients can implement the best solutions to meet their objectives. Areas of focus include:
Solar
Wind
Geothermal
Facility energy audits
Retro-commissioning
Learn more about Renewable Energy Solutions.
People, Planet, Profit
As the commercial real estate industry continues to embrace sustainability and renewable energy solutions, owner's representative construction managers play a pivotal role in guiding owners toward their green goals. They are instrumental in shaping projects that not only benefit the environment but also create value for property owners and tenants through reduced operational costs, increased satisfaction and enhanced property value.
At 45 North Group, we understand the importance of sustainability in today's commercial real estate landscape. Our team is committed to delivering projects that align with a greener, more sustainable future and paving the way for a world where sustainable development is the norm, not the exception.
Get in touch today to learn more about partnering on your sustainable real estate goals.