Condos go green

As environmental building becomes more popular, condo developers are selling their "green" credentials to cost and ecology-conscious consumers.

Boston, Massachusetts
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Boston
Macallen Building
Green bona fides: The roof is the Macallen's focal point. Its landscaped surface is designed to collect rainwater that is reused to irrigate the grounds, according to developer, Tim Pappas.

"Its most important function is to reduce the 'heat island effect,'" he says. Ambient summer city temperatures rise around most buildings because their dark roofs absorb solar heat, which is radiated back into the atmosphere. But the plant-life that covers the MacAllen's roof keeps the building - as well the surrounding neighborhood - cooler. It also helps save on fossil fuels that would be used to power air conditioning.

Other green features: The building uses highly efficient insulating systems that cut power use and features energy-saving appliances and extensive venting and filtering systems.

One unusual amenity is a shared automobile: a Toyota Camry hybrid that condo owners may reserve for three-hour blocks of time during the week and two hours on weekends.

"We tell people, 'You live on a subway stop, and you have a community car. You may not need a second vehicle,'" says Pappas.

The building also has priority parking spaces for hybrid cars. Builders also installed special electric hookups anticipating a day when plug-in cars hit the market.

Prices: There are a total of 150 apartments ranging from 800-square-foot one-bedrooms to 2,900-square-foot four-bedrooms. They cost between $510,000 and $2.9 million.

For further information: The Macallen Building
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.