• News
  • SAN DIEGO
  • Construction

Largest net-zero energy office building rising in San Diego

International real estate firm Hines said the 13-story, 415,000-square-foot building under construction at La Jolla Commons in San Diego will become the nation’s largest carbon-neutral office building to date.

The new building will achieve carbon neutrality on an annual basis through a combination of high-performance building design, directed biogas and on-site fuel cells that annually will generate more electricity than the building and tenant will use.

The building will be fully leased and occupied by LPL Financial LLC, an independent broker-dealer, institutional service provider and a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA).

While there are other net-zero buildings in the United States, LPL Financial at La Jolla Commons reportedly will be the largest building in the U.S. developed for lease.

It is being developed and will be owned by a partnership of Hines and institutional investors advised by J.P. Morgan Asset Management.

Construction began in April 2012 and completion is scheduled for mid-2014.

Total on-site energy production will be roughly equivalent to generating the electricity required to power 1,000 San Diego homes.

Its system will contribute to California’s goal of deriving a third of its electricity from renewable sources by 2020.

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

User Response
0 UserComments

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

Hines

Company Website

4747 Executive Dr. Ste., 410
San Diego, CA 92121