The Cut Carbon Note finances sustainable buildings

Cut Carbon Portfolio By the Numbers

Portfolio Map

Portfolio List

Coliseum Building

Minneapolis, MN

_{Photo credit: Google}

Project overview: Energy efficiency upgrades to the historic Coliseum that is being revitalized as a hub for local small businesses owned by people of color, including immigrants, after it was damaged in the civil unrest following the murder of George Floyd. Nonprofit community developer, Redesign, Inc., is partnering with the community and three local Black-owned small businesses to ensure the building, now on the National Register of Historic Places, is a key part of the Longfellow neighborhood’s revitalization.

Efficiency upgrades: HVAC, electrical and lighting

Environmental impact over the expected weighted average life of (20 years):

• Carbon savings: 4070 metric tons
• Energy savings: $1,466,155
• Kwh savings: 9,313,180
• KBTU savings: 28,622,580

CIRRUS Low Carbon Verified: Yes

Nebraska Multisport Complex

Omaha, Nebraska

Project overview: Nebraska MultiSport has a mission to provide people of all ages with high-quality, athletic facilities needed to pursue a healthy lifestyle. Nebraska Multisport will have twelve lighted synthetic turf athletic fields with spectator seating for up to 800, concessions, restrooms, and other support facilities. The complex will host regional and national events that will have significant and recurring economic impact for the City of La Vista and State of Nebraska.

Efficiency upgrades: electrical and lighting

Environmental impact over the expected weighted average life (34 years):

• Carbon savings: 3,434 metric tons
• Energy savings: $1,724,270
• Kwh savings: 5,338,726
• KBTU saving: 18,215,722

Residences at Agora

Cleveland, Ohio

Project overview: The historic Agora Theater, originally constructed in 1912, was once home to WHK Studio One, the first radio station in the area. The property will be renovated and converted to feature 48 apartments units, office space, and a street-facing restaurant. Tenants will benefit from efficient building and lower utility costs. This development is the country’s first CIRRUS Low Carbon property.

Efficiency upgrades: Electrical and lighting, building envelope (including roof and HVAC), plumbing

Environmental impact over the expected weighted average life (29 years):

• Carbon savings: 1,485 metric tons
• Energy savings: $449,475
• Kwh savings: 2,119,320
• KBTU savings: 7,231,034
• Water conserved: 5,370,104

CIRRUS Low Carbon Verified: Yes

Painesville Tower Student Housing

Painesville, Ohio

Project overview: Lake Erie College, a private liberal arts college founded in 1856, is converting an old Chase Bank office building into new, high-end housing for their students. The building will have 171 bedrooms, a fitness center, conference space, and a dining hall. The project is located in an Ohio Community Redevelopment Area and received a Historic Tax Credit allocation.

Efficiency upgrades: HVAC, electrical and lighting, roof, new insulation, and energy efficient windows

Environmental impact over the expected weighted average life (28 years):

• Carbon savings: 3,024 metric tons
• Energy savings: $960,493
• Kwh savings: 5,000,044
• KBTU savings: 17,230,948

CIRRUS Low Carbon Verified: Yes

The 70th Apartments

Cleveland, Ohio

Project overview: New construction of a 64-unit multifamily building in downtown Cleveland consisting of 20 studios, 28 one-bedroom/one-bathroom apartments, and 16 two-bedroom/two-bathroom apartments. The project is located in a Qualified Opportunity Zone and Ohio Community Reinvestment Area.

Efficiency upgrades: HVAC, building envelope, lighting and electric, plumbing, water

Environmental impact over the expected weighted average life (28 years):

• Carbon savings: 4,859 metric tons
• Energy savings: $1,365,730
• Kwh savings: 7,068,067
• KBTU savings: 21,525,348

One South Main Tower

Laredo, Texas

Project overview: The One South Main Tower was constructed in 1973 and originally served as a 205-room hotel. It is currently undergoing substantial renovations and being converted for multi-family and retail use. The property will include a fitness center, conference rooms, and ground and top-floor retail space. Tenants will benefit from an energy efficient building and reduced energy costs.

Efficiency upgrades: HVAC, electrical and lighting, plumbing, exterior insulation and finish system, windows, and elevator

Environmental impact over the expected weighted average life (26 years):

• Carbon savings: 4,186 metric tons
• Energy savings: $1,494,062
• Kwh savings: 7,849,397
• KBTU savings: 26,782
• Water conserved: 17,758,700 gallons

Town 9 Industrial Building

Germantown, Wisconsin

Project Overview: CIRRUS Low Carbon Verified property that meets demand for warehouse/distribution in the area northwest of Milwaukee. The Warehouse has 164,284 sq ft of Hard (Parking/Driveway) space and can accommodate up to four tenant offices inside with 322,061 sq ft of dedicated green space. Tenants will benefit from the efficient building envelope that will help them save energy.

Efficiency upgrades: HVAC, building envelope, plumbing, electrical and elevator

Environmental impact over the expected weighted average life (30 years):

• Carbon savings: 26,736 metric tons
• Energy savings: $3,998,714
• Kwh savings: 16,922,100
• KBTU savings: 112,680,210

CIRRUS Low Carbon Verified: Yes

The Allen

San Antonio, Texas

Project overview: Historical redevelopment of a midtown building near San Antonio’s Central Business District into office and retail space. The property is named after a beloved flower shop and antique store that had operated in the building.

Efficiency upgrades: HVAC, thermal & moisture protection, and electrical and lighting

Environmental impact over the expected weighted average life of (26 years):

• Carbon savings: 549 metric tons
• Energy savings: $333,685
• Kwh savings: 1,472,431
• KBTU savings: 5,025,427

CIRRUS Low Carbon Verified: Yes

Meadow Valley

Traverse City, MI

Project overview: New senior living development that will be one of the highest quality senior housing facilities on the market, with 154 units for independent living, assisted living and memory care.

Efficiency upgrades: Bricker/stone veneer, thermal & moisture protection, windows, elevator machinery, cab, general plumbing, HVAC, electrical and lighting

Environmental impact over the expected weighted average life (27 years):

• Carbon savings: 9858 metric tons
• Energy savings: $2,414,163
• Kwh savings: 8,638,920
• KBTU savings: 106,918,596
• Water conserved: 14,120,838

The Marlow

Milwaukee, Wisconsin

Project overview: Redevelopment of a historic five-story building in downtown Milwaukee into a boutique hotel and restaurant. Originally constructed in 1920, the property is being updated to include a restaurant area and fitness area.

Efficiency upgrades: Insulation, building envelope, windows, elevator, HVAC, plumbing, and lighting and electric

Environmental impact over the expected weighted average life (30 years):

• Carbon savings: 16,119 metric tons
• Energy savings: $5,627,030
• Kwh savings: 24,715,980
• KBTU savings: 223,809,360
• Water conserved: 1,485,000 gallons

Euclid Office Building

Euclid, Ohio

Project overview: Solar power installation on an office building in Euclid, a suburb of Cleveland. The solar array includes both roof-mounted and ground-mounted solar.

Efficiency upgrades: Solar PV Array

Environmental impact over weighted average life (25 years):

• Carbon savings: 7,321 metric tons
• Energy savings: $1,410,718
• Kwh savings: 31,609,800
• Installed solar capacity: 1,160 kWp
• Annual solar production: 970 MWh

CIRRUS Low Carbon Verified: Yes

Kenwood Place

Cincinnati, Ohio

Project overview: Redevelopment of an existing strip mall into energy efficient ground-floor retail and second story office space. The property is directly across the street from the premier enclosed shopping mall in the state, the Kenwood Towne Centre.

Efficiency upgrades: Windows, roof, HVAC, building envelope, plumbing, electrical

Environmental impact over the expected weighted average life of (28 years):

• Carbon savings: 1,215 metric tons
• Energy savings: $319,878
• Kwh savings: 1,551,676
• KBTU savings: 8,898,120

CIRRUS Low Carbon Verified: Yes