The Cambridge Compact for a Sustainable Future turns the spotlight on its member companies to congratulate and promote their sustainability best practices, key milestones, or applicable project/product developments.
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About Forest City
Forest City Realty Trust, Inc., is a real estate company that owns, develops, manages and acquires commercial and residential real estate in markets across the United States. Founded in 1920 and headquartered in Cleveland, Ohio, Forest City’s portfolio of exceptional office, retail and apartment assets, as well as dynamic, mixed-use communities, is primarily focused in our core markets – New York City, Washington, D.C. Boston, Dallas, Denver, Los Angeles and San Francisco.
Locally, we own and operate the 30 acre University Park at MIT, a mixed use campus of 1.7 million feet of commercial space, over 670 residential apartments, 3 parking structures and over 100,000 feet of publicly dedicated open space.
Tell us about your recent sustainability-related accomplishments.
Here at University Park, we are most proud of the LEED Gold designation given to our newest building at 300 Massachusetts Avenue by the US Green Building Council, which just came on line in 2017.
Energy and sustainability are fundamental drivers in our efforts to achieve operational success. They are also a key elements in our commitment to corporate social responsibility. At Forest City, we have an Energy & Sustainability department that is focused on enterprise-wide coordination of:
- Utility Management of existing building portfolio.
- Sustainable, energy efficient, and cost-effective design of new developments, existing building renovations, and capital upgrades.
- Corporate Social Responsibility enhancement and reporting.
Based on what you mentioned above, why is this important to your company and/or target audience?
Our mission is to create sustainable value by envisioning, owning and operating places where people, businesses and communities thrive. This drives us to operate with the goals of our cities and stakeholders in mind and maintain a constant focus on improving the environmental performance of our buildings. We want to ensure that we play our part in helping our public partners and our communities achieve their sustainability goals.
Forest City is committed to proactive environmental responsibility, enhancement of economic vitality of the communities in which we operate, and continued investment in the growth, development, and well-being of our associates.
What is one piece of advice (e.g., technical, institutional, planning, financial) you would give to others interested in what you mentioned above?
We have always operated on a simple mantra here at Forest City: Do well by doing good.
Forest City contact: Jay Kiely, JayKiely@forestcity.net