🏡 Net Zero Hotel
How some hoteliers are capitalizing on the opportunity and JLL's report on how far behind real estate is on sustainability...
Hoping everyone enjoyed a relaxing Memorial Day to kick off the summer.
Today’s newsletter will take ~ 2.5 minutes
JLL released a scathing report on decarbonizing cities
Spoiler alert: we are behind in decarbonizing the built environment. According to the report, even if local and state governments began incentivizing and subsidizing the retrofitting of existing properties to achieve net zero, the timeline would still be too late to properly achieve the Paris accord goal of net zero emissions by 2040.
The report suggests that cities must not only incentivize developers, but urges cities to improve outreach to small and medium sized companies to improve their sustainability.
Deals & Developments
Hotel Marcel in New Haven, CT opens to guests
Originally built in 1970, the adaptive reuse project turned an old corporate HQ into a 165-room carbon-neutral hotel.
City Zenith announces partnership with building owners across LA
LA’s Better Buildings Challenge, a partnership made up of building owners controlling more than 150 million SF of floor space across the LA metro, has agreed to implement City Zenith, a digital twin platform, to help model and optimize the operational behavior across the grid and improve sustainability across the partnership’s portfolio.
The city of Las Vegas also recently announced a partnership with City Zenith.
The bill, looking to realign the city government with a new Climate Strategy Framework, calls for $87 billion to be allotted to transitioning the city to net zero by 2050. The $3.1 billion annual budget will allow the city to build and retrofit buildings to net-zero, a zero carbon energy grid, and build out infrastructure for carbon sequestration.
Fact for Thought
Is Qatar’s “carbon neutral” World Cup stadium really all that? Aside from miscalculations in the Arab state’s carbon math, here’s why some advocates are casting doubt.
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