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Offering Plan for New York's Newest Green Condo Tower Accepted and Filed

The offering plan for New York's newest "green," or environmentally engineered, residential tower has been accepted and filed with the New York State Attorney General's office, enabling the opening of the sales gallery on March 1. The 35-story, 251-unit condominium tower, called The Visionaire, is under construction on the last developable residential site in the south neighborhood of Battery Park City, at 70 Little West Street, directly overlooking Manhattan harbor.

The Visionaire is the third green luxury residence developed by Albanese Development Corporation, a subsidiary of Albanese Organization, Inc., the pioneer of environmentally sustainable residential building in the U.S., and designed by Rafael Pelli of Pelli Clarke Pelli. Starwood Capital Group Global, LLC is partnering with the Albanese Organization to bring the development to market.

Amenity-Rich Lifestyle

The amenity-rich building will be a striking glass and terracotta tower featuring streamlined contours in a unique curved facade that optimizes natural light and allows generous river and city views from all exposures. Filtered fresh air and water, natural materials and finishes, and generous, open floor plans in every residence will provide an interior environment harmoniously matched to the lush parkland and waterfront setting of Battery Park City.

Exclusive resident-only amenities will include a skylit indoor swimming pool and hot tub; two landscaped roof gardens with private cabanas; rooftop entertainment area featuring built-in grills and wetbar, a state-of-the-art fitness center and spa; a screening room/lounge with fireplace; a private dining area; a children's playroom and a parking garage.

Environmental Sustainability

The Visionaire has been designed and engineered to meet the U.S. Green Building Council's highest standard for Leadership in Energy and Environmental Design (LEED). Following in the path of The Solaire, an Albanese building that in 2003 became the first residential tower in the U.S. to achieve gold LEED status, achieving platinum LEED certification would establish The Visionaire as the paramount model of green building in the country.

Energy Efficiency

Chief among the building's many environmental features will be an HVAC system that conditions, filters, and supplies fresh air into each apartment, and various technologies that will yield 35% energy savings over code- compliant buildings. The building will harvest approximately 5% of its electric load through building-integrated solar panels.

In keeping with its environmentally responsible character, 35% of the building's electric energy will be purchased from energy providers employing wind and other renewable energy sources. Natural gas will power the residential cooling systems and contribute to a substantially lower peak electric demand on New York City's grid.

Indoor Air Quality

The building will have high efficiency air filtration systems to optimize indoor air quality (IAQ) and an air humidification system in winter months for the health and comfort of residents. A four-pipe fan coil system controlled by digital programmable thermostats will provide year-round climate control in each residence. The integrity of the internal environment will also be enhanced through the use of luxury building materials containing no or low volatile organic compounds (VOCs).

Water Conservation

A water conservation system will recycle water from bathrooms and kitchens to re-supply toilets and provide make-up water for the HVAC system cooling tower. The building will also harvest rainwater and store 10,000 gallons of recycled water for irrigation of a rooftop garden, which itself will provide an important layer of insulation for the building.

"The Visionaire will provide a superlative lifestyle choice reflecting many of the design and technology advancements that have propelled green building forward so rapidly since our first project in 2003," said Russell C. Albanese, President of the Albanese Organization. "We anticipate high levels of interest, based on advance registrations for private appointments at our sales gallery."

"As soon as the building signage went up last month, we saw an immediate surge in appointment registrations. There is incredible pent up demand for this building," said Jackie Urgo, Senior Vice President of The Marketing Directors, the exclusive sales and marketing agent for The Visionaire. "The growing interest in green building in general and the outstanding reputation of the Albanese Organization in particular are having a magnetic effect on pre-sales. People ready to buy elsewhere are delaying their decisions because of the beautiful appointments and extensive amenities The Visionaire will offer."

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