Jan 31, 2019

Stuyvesant Town-Peter Cooper Village announced as first communities in New York State to receive New LEED Platinum certification

New York, January 31, 2019 – Blackstone (NYSE:BX), through funds it manages on behalf of its real estate investors, and Ivanhoé Cambridge, a real estate subsidiary of Caisse de dépôt et placement du Québec (CDPQ), today proudly announced that Stuyvesant Town and Peter Cooper Village (Stuy Town) are the first communities in New York state to have been awarded LEED Platinum certification, as part of the new U.S. Green Building Council (USGBC) LEED for Communities program.

Stuyvesant Town and Peter Cooper Village are the first multi-family communities certified by LEED under this new designation and the first set of private communities certified at the Platinum level.

LEED (Leadership in Energy and Environmental Design) is a global green building rating program that enables cities, communities, and buildings to measure and track sustainability, evaluating 14 key metrics that include energy, water, waste, education, and health. The Platinum rating is the highest level achievable.

Ken Caplan, Global Co-Head of Blackstone Real Estate, said: “We are honored to have received this certification and we’re incredibly proud of our commitment to sustainability at Stuy Town. Stuy Town has been the ideal place to test and implement innovative green solutions as we work towards increasing energy efficiency throughout our portfolio.”

Mahesh Ramanujam, president and CEO of USGBC, said: “Stuyvesant Town and Peter Cooper Village serve as a prime example of the measurable outcomes that can come from innovative sustainability strategies and resilient goals. Their projects are leading the way and we couldn’t be more pleased to partner with them in helping USGBC achieve its mission.”

In 2017, Stuy Town announced the largest private multi-family residential rooftop solar project in the United States.  Full installation of the system is nearly complete and electricity is already being generated on-site. Other Stuy Town initiatives include compost waste pickup, LED lighting installation, high efficiency hot water heat exchangers, elevator shaft louvers to minimize heat loss, domestic water flow control valves, and a centralized control of steam heating distribution. Since 2007, Stuy Town has reduced on-site greenhouse gas emissions by 10 percent and is the first multifamily building in NYC to have received an ENERGY STAR certification.  

Rick Hayduk, CEO of StuyTown Property Services, said: “Becoming the first LEED Platinum certified community in New York is a reflection of our commitment to the environment and our desire to simply leave the world a better place after each day.”

Stuy Town is the largest rental apartment complex in the U.S., with 11,200+ multifamily units in 56 buildings across 80 acres in Manhattan’s East Village.

About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with $457 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at china.blackstone.com. Follow Blackstone on Twitter @Blackstone.

To learn more about StuyTown, visit: https://www.stuytown.com/about-nyc-apartments/stuytown-green-living

About Ivanhoé Cambridge

Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a long-term view to generate optimal, risk-adjusted returns. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint.

Vertically integrated in Canada, Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,000 buildings, primarily in the residential, office, retail, industrial and logistics sectors. Ivanhoé Cambridge held more than C$60 billion in assets as at June 30, 2018, and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada’s leading institutional fund managers. For more information: ivanhoecambridge.com.

Ivanhoé Cambridge Public Affairs, Media line: +1 866-456-3342, media@ivanhoecambridge.com

About the U.S. Green Building Council

The U.S. Green Building Council (USGBC) is committed to a prosperous and sustainable future through cost-efficient and energy-saving green buildings. USGBC works toward its mission of market transformation through its LEED green building program, robust educational offerings, an international network of local community leaders, the annual Greenbuild International Conference & Expo, the Center for Green Schools and advocacy in support of public policy that encourages and enables green buildings and communities. For more information, visit usgbc.org and connect on Twitter, Facebook and LinkedIn.