Have you ever been on a project team with or for a commercial real estate owner who had high expectations of their new green building project? Or maybe the better question is, who hasn’t?
No duh.
When I read through Corbett’s examples of green building lawsuits and claims, I began to think that someone on those project teams also drove their car around with hot coffee between their knees.
Corbett is quoted as saying that the best way to manage the exposure to such claims is “direct contact with the client”.
Another duh.
All of the green building professionals that I know continually stress that an integrated design process from the very beginning helps to reduce the risk of misunderstandings about what the green building can and cannot deliver. They contrast that with the tendency of some owners to think of green as an added feature than can be plugged into the project at some later point, creating more costs and the potential for miscommunication.
The article’s title, indicating that ‘risks lurk’ in green building, as well as its appearing on GlobeSt.com, a website targeting real estate investors, unfortunately makes me think that GlobeSt was more interested in getting a few more clicks on their website by playing on investors fears about green building, instead of helping to educate them.
1 comment:
I wouldn't go so far to say that Globest.com is playing with investor's fear. Isn't this more symptomatic for every new feature in any industry before it eventually breaks through? Think of the safety belt in cars 20 or so years ago. I guess it takes time and evidence that it adds something to the bottom line in our market driven economy. I see it more as a linchpin that developer or investors need more factual data for supporting our case of going green and therefore more education on what's reasonable to expect and what it will fetch in the long run in terms of increased yield (put it simply: Does it make sense economically?). Let's spend more effort on producing some convincing and verifiable results and the majority will follow.
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