Prescott Wallingford (Seattle) - Municipal Benchmarking Account
3920 Stone Way North
Seattle, WA 98103
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Constructed in 2012, and located just minutes from the Fremont and Downtown neighborhoods in Seattle, Washington, Prescott Wallingford is a six story multifamily community with 154 residential units and ground floor retail space. The property is owned by TIAA and managed by Greystar. In 2012, after the property was acquired by TIAA, the property management team at Prescott Wallingford began monitoring energy performance of the common areas of the property in ENERGY STAR® Portfolio Manager®. With a strong commitment to sustainability and support from ownership, the team worked to implement energy efficiency projects throughout the common areas and resident units. These projects led to superior energy performance, and eventually to the property becoming one of the first multifamily properties to earn ENERGY STAR certification upon the release of the ENERGY STAR score for multifamily properties in September 2014.
To ensure its control over energy consumption, the property management team installed occupancy sensors and programmable thermostats. Utilizing these controls allows the team to ensure that lighting is turned off in unoccupied offices and amenity spaces, and provide temperature setbacks in common areas during periods of low activity. In 2014, the property management team participated in Seattle City Light’s Powerful Neighborhoods Program, which provided hundreds of energy- and water- efficient fixtures upgrades to residents at no cost. In 2015, the property team plans to replace the T8 fluorescent lighting throughout the property and the parking garage with LED lighting, which is expected to increase the property’s ENERGY STAR score.
TIAA is a seven-time ENERGY STAR Partner of the Year award winner whose Global Real Estate Sustainability Initiative (GRESI) reflects the firm’s strong commitment to sustainability and energy efficiency. The GRESI is a portfolio-wide initiative that sets goals for strategic energy management, emphasizes operational excellence and continual improvement, and acts as an expanded fiduciary framework to better serve the needs of clients, investors, tenants, and communities. For more information on the TIAA GRESI, read our annual report: https://www.tiaa-cref.org/public/pdf/sri_2014_report.pdf.
Greystar maintains a strong emphasis on sustainability in its management approach. At Prescott Wallingford, Greystar strives to implement energy-efficient upgrades to improve residents’ quality of life and provide increased value for residents and property owners.
Communications:
Unavailable
Testimonial:
“As one of the world’s leading real estate investors, TIAA has
been able to influence the sustainability characteristics of hundreds
of properties. By emphasizing long term value creation, we believe
that we can deliver sustainability alongside robust, long-term
investment returns.”
-- Nicholas Stolatis, TIAA Senior
Director and Head of Global Sustainability
Please note: Narrative information in this profile has been provided by TIAA or a representative of this facility. Other building information was verified and submitted to EPA at the time of application. Building energy performance, operating characteristics, and ownership/management may be subject to change over time.
Building Owner:*
TIAA
Property Manager:*
Greystar
Year(s) Labeled (Rating):
2014 (96)
2015 (94)
Facility Type: Multifamily Housing
Total Floorspace: 148102 sf
Year Constructed: 2012
Contract Type: None
Technologies Used:
| Stage 2-Lighting |
| Stage 5-Heating and Cooling Plant |