A national historic landmark in New York City is to be upgraded with a combined heat and power (CHP) system.
The Cipriani Club Residences on Manhattan’s Wall Street was built as a bank in 1836 and converted to house 107 commercial and residential units in 2006.
The building will soon also house a 750 kW CHP system which will provide power, heating and cooling. The $8.3 million project will be financed in part by a $6.75 million loan from non-profit financial services firm the New York City Energy Efficiency Corporation (NYCEEC).
The project is expected to reduce the building’s energy consumption and emissions by 42% and to cut its energy costs in half, saving $900,000 per year.
John Aiello, senior property manager at the building’s management company FirstService Residential, said: ‘We are taking a classic Greek Revival building and making it part of the new Green Revival. It’s great for our residents and for the building’s bottom line.’