350 Park Avenue
About this Project
Client
Industry sectors
Services we performed
350 Park Avenue, a 571,000-square-foot structure in Manhattan. As part of an ongoing effort to improve building equipment throughout their building portfolio, Vornado Realty Trust worked with Goldman Copeland through FlexTech to discover ways to reduce operating costs and optimize building systems at this location, among others.
In addition to HVAC controls and lighting upgrades, Goldman Copeland arrived at an innovative solution to retrofit one of 350 Park Avenue’s existing steam turbine chillers with a side-mounted electric drive allowing the chiller to operate using steam or electric power alternatively. The re-use of the chiller – instead of the installation of a new one – allowed the existing chilled water system to remain in place. This strategy reduced overall project installation costs and resulted in substantial energy savings. In total, Vornado was able to annually save $580,000 and 18,154,432 kBtu by implementing opportunities discovered and designed by Goldman Copeland, with a 100% return on investment in well under four years.
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