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Research Details

Reawakening the World's Most Famous Office Building: Economics behind a Groundbreaking Energy Efficiency Retrofit

Abstract

This case highlights a recent and important type of new sustainability project for existing buildings commonly referred to as an integrated energy retrofit (IER) project. Anthony Malkin of Malkin Holdings, owner of the Empire State Building (ESB), acknowledged the importance of making the existing building stock, particularly in New York City, more energy efficient, as it comprises a large part of the real estate in most cities. Taking a bold leadership position, Malkin vowed to make the ESB the most energy-efficient, sustainable, "green" pre-war office building through an IER project that examined several facets of the building's systems, operations, and tenant behaviors. In addition to making the ESB a green icon in Manhattan, Malkin also stated the importance of making the project transparent and economical so other pre-war buildings could copy the model. This case study examines in depth the process that Malkin Holdings underwent in attaining its goal of establishing the ESB as a leader in existing building sustainability.

Type

Case

Author(s)

Denise Akason, Helee Hillman

Date Published

06/12/2018

Citations

Akason, Denise, and Helee Hillman. Reawakening the World's Most Famous Office Building: Economics behind a Groundbreaking Energy Efficiency Retrofit. Case 5-112-001 (KEL669).

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