Vestar Development Co. Delivers First LEED(R) Certified Retail Development Project in Arizona
Newswire Services
September 09, 2009
ORO VALLEY, Ariz. -- For the first time in Arizona history, a major retail project is delivering green - and more than just greenbacks -- for the state.
Vestar Development Co.'s Oro Valley Marketplace has earned Silver Leadership in Energy and Environmental Design (LEED ) certification from the U.S. Green Building Council, marking the first retail project in the state to earn the designation, and one of the first in the Southwest.
"Vestar is proud of its corporate commitment to creating projects that have a positive impact on the surrounding community," said Vestar Executive Vice President David Larcher. "Oro Valley Marketplace is a wonderful example of our 20-year commitment to responsible development. And with advancements in green building materials and the availability for retail applications, we anticipate more environmental achievements within our projects."
This national recognition is a marquee success of Vestar's GreenStar initiative, one of the largest and most aggressive environmental commitments from any of the United States' major retail developers. GreenStar was the Southwest's first large-scale commitment to sustainable shopping center building techniques, with the goal to achieve certification for the company's new development projects and one that has garnered national attention.
LEED is the nationally accepted benchmark for the design, construction and operation of high-performance green buildings granted by the U.S. Green Building Council. LEED certification provides independent, third-party verification that a building project is environmentally responsible, sustainable, and able to provide a healthy place to live and work.
In addition to the LEED certification, Oro Valley Marketplace is the largest environmental restoration project in Oro Valley history, and today, the riparian area is a mecca for hikers, bikers, horses, shoppers and of course, birds. It opened in October 2008.
A Vestar Development property, Oro Valley Marketplace opened in October 2008. One of the leading privately held real estate companies in the western United States, Vestar specializes in the development of open-air retail centers and the management of retail, office and industrial properties. Vestar builds and manages entertainment-retail complexes, power and "lifestyle" centers, and neighborhood centers of varying size and scale that serve as community shopping destinations with a unique sense of place. Since its inception in 1977, Vestar has earned a reputation for integrity and responsibility in the fields of commercial development and property management.
For more information, visit vestar.com and orovalleymarketplace.com.
Vestar Development Co.'s Oro Valley Marketplace has earned Silver Leadership in Energy and Environmental Design (LEED ) certification from the U.S. Green Building Council, marking the first retail project in the state to earn the designation, and one of the first in the Southwest.
"Vestar is proud of its corporate commitment to creating projects that have a positive impact on the surrounding community," said Vestar Executive Vice President David Larcher. "Oro Valley Marketplace is a wonderful example of our 20-year commitment to responsible development. And with advancements in green building materials and the availability for retail applications, we anticipate more environmental achievements within our projects."
This national recognition is a marquee success of Vestar's GreenStar initiative, one of the largest and most aggressive environmental commitments from any of the United States' major retail developers. GreenStar was the Southwest's first large-scale commitment to sustainable shopping center building techniques, with the goal to achieve certification for the company's new development projects and one that has garnered national attention.
LEED is the nationally accepted benchmark for the design, construction and operation of high-performance green buildings granted by the U.S. Green Building Council. LEED certification provides independent, third-party verification that a building project is environmentally responsible, sustainable, and able to provide a healthy place to live and work.
In addition to the LEED certification, Oro Valley Marketplace is the largest environmental restoration project in Oro Valley history, and today, the riparian area is a mecca for hikers, bikers, horses, shoppers and of course, birds. It opened in October 2008.
A Vestar Development property, Oro Valley Marketplace opened in October 2008. One of the leading privately held real estate companies in the western United States, Vestar specializes in the development of open-air retail centers and the management of retail, office and industrial properties. Vestar builds and manages entertainment-retail complexes, power and "lifestyle" centers, and neighborhood centers of varying size and scale that serve as community shopping destinations with a unique sense of place. Since its inception in 1977, Vestar has earned a reputation for integrity and responsibility in the fields of commercial development and property management.
For more information, visit vestar.com and orovalleymarketplace.com.
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