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Housing Opportunity 2014 - Improving Health Outcomes through Residential Energy Efficiency, Jeremy Hudson
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Housing Opportunity 2014 - Improving Health Outcomes through Residential Energy Efficiency, Jeremy Hudson

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Jeremy Hudson, Specialized Real Estate Group

Jeremy Hudson, Specialized Real Estate Group

Published in: Real Estate, Technology, Business

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  • Thank you…
  • Today I am going to share one of our projects with you

    Eco modern flats.

    re-development of a 96 unit apartment project

    Fayetteville, Arkansas
  • Before in 2010.

    Same owner since it was built 40 years ago

    It was in very poor condition both physically and financially.
  • We were attracted to the project because of its location

    A walk score of 85 is good even for a major city, but its unbelievable in Fayetteville, Arkansas.

    Downtown Fayetteville to the East

    University of Arkansas to the West
  • Like any good opportunity, it came with challenges.

    But out of the challenges came a complete shift in the way I thought about real estate.
  • The biggest economic challenge was the fact it was costing a fortune to operate, mainly because of the energy costs.

    The property was master metered, ownership carried the burden of paying all the utilities.

    The apartments rented for just $470/mo, and the utilities used $100 of that income
  • Utilities - 28% of the gross income on the property.

    NOI just 23%

    We realized that the solution to the economic problem needed to come in the form of utility savings.
  • We knew we needed help from an energy efficiency expert

    Sought out a consultant

  • That search led us to a consulting firm who introduced us to LEED rating system.

    They recommended the LEED approach to inform our redesign strategy.

  • Here you can see No voc paint on the walls

    Low VOC stained cabinets

    Bees wax finish on concrete counters
  • We worked hard not to add harmful toxins to the air,

    but we also work to keep good clean air in the units.

    Instead of a traditional HVAC system with ducts that trap dust and debris, we used ductless mini splits with HEPA air filters.

    Both the kitchen and bathroom have exhaust fans to draw out contaminated air and replace it with fresh.
  • Our management team uses natural cleaning products to make sure we maintain our healthy environment.

    Here you can see that there is no carpet in the apartment to trap dust.

    We polished the original concrete floors to give it a urban look that is very durable and clean
  • The next factor in Indoor Environmental Quality is Light.
  • The most important factor in light quality

    providing plenty of NATURAL light.
  • Large operable windows to bring in plenty of natural light.

    Make the apartments feel much better and larger than they are
  • Bedrooms also have large windows

    Even the window coverings are low VOC green guard labeled roller shades.
  • Where artificial light was needed…

    we worked to provide indirect lighting when feasible.
  • The centerpiece of our apartments is a multi-functional millwork piece

  • Provides up-lighting that illuminates the ceiling.
  • The original design had blank walls at the ends of the building.
  • We found a way to open those up by installing sliding patio doors

    that not only provided new views,

    but also provided much more natural light and air circulation.
  • We also re-created existing views
  • Many of the apartments were looking at bleak, bare landscaping.

    Very uninviting courtyard area with tall fencing
  • So we completely re-thought the exterior spaces.

    Adding extensive landscaping

    Large and small gathering places

    Green trellis to provide shade to the west side of the building in the summer
  • So indoor environment quality is one component of healthy living,

    but a big part of the solution is getting people to go outside.

    We spend too much time indoors, and that’s not healthy.
  • So we used active design to get people moving

    We built an monumental staircase that draws people up to the roof-deck above
  • We designed outdoor amenities that encourage community interaction.

    Part of being healthy is being happy,

    we feel that people happier when the live in real community.
  • This is our pool courtyard

    native landscaping with no toxic pesticides or fertilizers

    The pool is salt water which has much less chorine than a traditional pool,

    Much better for your body, and even the environment.

    Green roof
  • Part of active design is programming

    Ware developing programs to encourage physical activity and community-building.

    Roof top yoga on Saturdays

    Krav Maga
  • We believe people who choose to rent should have access to healthy food
  • So we took a previously unused space
  • And transformed it into a community garden with fresh fruits, vegetables, and herbs

    The garden has become a real amenity to residents who enjoy cooking with fresh, organic ingredients.

    You can also see here one of our two rainwater cisterns that collect the water used to irrigate all our landscaping.
  • Transcript

    • 1. Utilities 28% Admin 18% R&M 23% T&I 8% NOI 23%
    • 2. Gathering spaces
    • 3. $- $200,000 $400,000 $600,000 $800,000 $1,000,000 Before 2011 2012 2013
    • 4. Utilities 8% Admin 12% R&M 11% T&I 6% NOI 63% Utilities 28% Admin 18%R&M 23% T&I 8% NOI 23%
    • 5. Quote from Health Conscious Resident “Living at Eco has been great for my health. I'm able to be more active with fewer asthma attacks. I feel like I can breathe clean air and that I'm not being suffocated.” -Kimberly, resident since 2011