La Rive Condominiums Becomes Energy Independent
Tuesday, November 25, 2014 at 7:42AMVia a November 25, 2014, Press Release from La Rive Condominiums:
LA RIVE CONDOMINIUMS BECOMES ENERGY INDEPENDENT
On November 6, 2014, La Rive Condominium completed the construction of its own heating/cooling and domestic hot water energy plant. Previously, La Rive received its energy from Sentinel Property Management under a 30-year legacy agreement with Riverplace Eastbridge offices and Falls/Pinnacle residences. By establishing its own energy source before the legacy agreement expired December 31, 2014, La Rive now provides its homeowners with the most cost efficient and state-of-the art equipment to serve current and future homeowners.
La Rive is proud that its energy plant was designed and built with the latest energy-efficient technology and sound reduction equipment to benefit both its residents and neighbors.
Items of note are:
• Three high efficiency-small footprint boilers providing 7.5 million BTU heating capacity for homeowner units, common spaces and garage areas, and converting the pool and hot tub heating from less efficient electric.
• A single 440-ton cooling tower surrounded by a high technology sound enclosure that assures whisper-quiet performance in a bricked enclosure that matches and blends with existing exterior.
• A boiler exhaust plume abatement system that recaptures the heat from the boiler exhaust in the winter and injects that energy into the core-heating loop. The result is lower energy costs and virtually no unsightly plume to block resident’s views or ice formation under the discharge area.
“We were very pleased to report to our residents that the net result of over five years of hard work by our energy committee is that we were able to build this project on-time and on-budget and deliver a 2015 dues reduction from the energy efficiency of this system” said Gary Gleason, Board President.
Kate Grutzmacher, Property Manager with First Residential (formerly Gittleman), added “LaRive is one of the premier condominium properties in Minneapolis and will continue to be because of the outstanding leadership of its board of directors and the dedication of its residents to serve on committees to continuously improve its facilities.”
Reader Comments (1)
Just curious to know what this energy project cost the HOA at La Reve and how those costs were assessed.