Lend Lease and the White Roof Project Collaborate to Reduce Energy Consumption in New York City

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Aug 07, 2014, 01:00 ET

NEW YORK, Aug. 7, 2014 /PRNewswire/ -- Lend Lease, one of the world's largest property, infrastructure and construction management firms, proudly participates in a sustainable program focused on reducing energy consumption, with the not for profit organization, the White Roof Project in New York City.

A team of Lend Lease volunteers and the White Roof Project will host a two-day event at Two Bridges Neighborhood Council in Lower Manhattan, to paint Two Bridges Neighborhood Council's Senior Housing facility roof white. By coating the black tar roof with a white solar-reflective paint it will immediately reduce temperatures inside and out of the building, which leads to significant reduction in the building's energy consumption and lowers the urban heat island effect. By switching to a white roof, it is anticipated that the building will save up to 40 percent on summer energy costs.

Through Lend Lease's Community 365 Initiative, Lend Lease employees are encouraged to identify and participate in volunteer opportunities in the communities where they live and work. The program's goals are to create longstanding relationships in the communities where Lend Lease operates and develop sustainable programing that meets the local community's needs.

"Working in partnerships with the local community to address community needs, is the core mission of Lend Lease's Community 365 Initiative and pillar of Lend Lease's operations across the globe," said James Stawniczy, Head of Sustainability. "We at Lend Lease believe that it's our responsibility to deliver environmental, social, and economic value wherever we have a presence," stated Stawniczy.

The White Roof Project is going green by painting white. Its mission is to create tangible change to existing facilities and grow community involvement to help solve big environmental problems, one rooftop, one block, one city at a time. Millions of rooftops in America are made of tar. They absorb an enormous amount of heat during the summer months. By covering black tar roofs with solar-reflective white coating, we immediately reduce temperatures inside and out. This low cost solution is a quick and easy way to cut carbon emissions, reduce our risk of 'brown outs' caused by stress on the power grid, save millions in energy costs, and even save lives.

Two Bridges Neighborhood Council is a not for profit organization dedicated to serving the many neighborhoods of Manhattan's Lower East Side since 1955. Their mission is to create equitable housing, celebrate cultural diversity through neighborhood-based programs, and work together with local residents, businesses, entrepreneurs, and leaders to stimulate and maintain economic vitality.

Lend Lease manages the construction of some of the most iconic high rise construction projects in the industry. Since 2000, Lend Lease has constructed approximately 238 high rise projects valued at over $22 billion representing over 120 million square feet and nearly 7,500 floors. Lend Lease is currently managing 15 high rise towers in the largest metropolitan areas in the United States and Mexico. Additionally, Lend Lease is responsible for managing a portfolio of real estate assists for the United States Department of Defense through its Military Housing Privatization Initiative (MHPI), a program that provides for the transfer of military housing assets to private sector companies. The Lend Lease portfolio of assets encompasses over 40,000 residential units, 192 apartments and more than 11,600 hotel rooms.

About Lend Lease:

Lend Lease is a leading international property and infrastructure group. Listed on the Australian Securities Exchange and with circa 16,500 employees worldwide, the firm's capabilities span the property and infrastructure spectrum.

The Americas region, headquartered in New York, offers project management & construction, public partnerships, development, asset and property management. Our expertise covers multiple sectors including arts & culture, commercial office, education, government, healthcare, hotels & resorts, industrial, military housing communities, mixed-use, multi-site, pharmaceutical, senior living, solar, transportation and aviation.

We are committed to operating Incident & Injury Free wherever we have a presence, safely creating innovative and sustainable property solutions while forging partnerships and delivering maximum benefits to clients, investors and communities.

www.lendlease.com

SOURCE Lend Lease