|
|
Article: NYC developers resist the push to go green; Say eco-structures are prohibitively expensive to build; rules aren't clear.(News)
- Article from:
- Crain's New York Business
- Article date:
- January 29, 2007
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Julie Satow
Rex hakimian has seen all the media attention lavished on the latest crop of green buildings sprouting in the city. He's aware of all the awards that those buildings have won for their developers. But he is still not sold.
"The economics of green buildings are unproven,'' says Mr. Hakimian, a vice president of The Hakimian Organization, a Manhattan-based developer. "Initially, when they start something new like this, many people just jump in feet first, but we are more cautious.''
Mr. Hakimian is not the only developer who is sitting out the green revolution. Despite all the press that environmentally sensitive buildings ...