Hudson Square Properties, a joint venture of Trinity Church Wall Street and Norges Bank Investment Management with Hines the operating partner, broke ground on 555 Greenwich in 2021 with the goal of developing one of the most efficient buildings in New York City. Pursuing LEED® Platinum, the building was designed to reduce the emissions from a traditional class A building by 45% and to align with a 1.5°C Carbon Risk Real Estate Monitor (CRREM) pathway and the goal of a carbon-neutral New York by 2050. CRREM provides the real estate industry with transparent, science-based decarbonization pathways aligned with the Paris Climate Goals of limiting global temperature rise to well below 2°C and preferably to 1.5°C above pre-industrial levels.
The design process and construction practices being implemented at 555 Greenwich, we believe, can serve as a roadmap for climate conscious building in New York City and beyond. It uses its concrete foundation for thermal energy storage, radiant slabs on each floor for efficient energy delivery, and electric heat pumps to reduce reliance on fossil fuels.
555 Greenwich incorporates innovative technology intended to support health and wellness, including a dedicated outside air systems (DOAS) that incorporates fresh, outdoor air and includes an air sampling and monitoring system to evaluate air quality in real time.