Multifamily Development Raises Bar On Energy Efficiency

Posted by Orb Staff on March 26, 2013 No Comments
Categories : Commercial Mortgage

13533_qualitycontrol Multifamily Development Raises Bar On Energy Efficiency A new multifamily housing development in San Diego is being marketed as providing residents with an uncommon level of energy efficiency.

The Solterra EcoLuxury Apartments in Scripps Ranch, a development of H.G. Fenton Co., uses solar-generated power and offers garages that are pre-wired for electric vehicle charging and in-home Virtual Net Metering displays to allow residents to monitor their kilowatt usage. The development's community common areas are also fully solar-powered and utilize drought tolerant landscaping and drip water smart irrigation.

‘We are very proud to offer San Diegans the first market rate, 100 percent photovoltaic apartment community that will provide solar-generated electricity for all 114 units as well as common areas,’ says Mike Neal, president and CEO of H.G. Fenton Co. ‘Providing our residents with innovative, eco-friendly living environments that preserve valuable resources and help reduce, and in this case, eliminate their utility bills, results in a win-win for our customers and the communities in which they reside.’

Rental rates in the development range from $1,495 to $2,255 per month.

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