Press Release
Hotel & Residences at L.A. Live Earns Silver LEED Designation from U.S. Green Building Council
March 24, 2011
The award-winning Hotel & Residences at L.A. Live has earned the U.S. Green Building Council’s Silver Leadership in Energy and Environmental Design (LEED) certification for its strategic, sustainable design and green innovation.
The 54-story high-rise – downtown Los Angeles’s newest landmark – serves as the cornerstone of L.A. Live, a sports, residential and entertainment district developed by AEG on land adjacent to the Staples Center and the L.A. Convention Center. It houses an 878-room JW Marriott, a 123-room Ritz-Carlton Hotel, and 224 Ritz-Carlton Residences residential condominiums. The two hotels opened in 2010, while the condominiums were completed early in 2011. More than 60 percent of the condominium residences are now in escrow.
LEED certification provides independent, third-party verification that a real estate development’s location and design meet accepted high levels of environmentally responsible, sustainable development. In addition to its convenient proximity to several public-transit stations, other features that qualified the Hotel & Residences at L.A. Live for the Silver LEED distinction include:
- Energy-efficient windows designed to maximize daylight;
- Water-saving plumbing fixtures and filtering of storm-water runoff to keep waterways clean;
- Cool-roof installation, covered parking and water-efficient rooftop landscaping that reduces heat island effects;
- Use of low-volatile, organic-compound materials to minimize in-air toxins;
- A wide range of alternative transportation opportunities, such as bicycle support, discounted parking for low-emitting and fuel-efficient vehicles, carpools and vanpools, and an employee- rideshare program;
- Use of recycled materials throughout the building, including the use of recycled steel in the building’s overall construction; and
- Recycling areas on every floor of the tower and the building’s main loading dock.
Other awards and accolades earned by the Hotel & Residences at L.A. Live include Luxury Real Estate’s “Best New Community,” the Americas Lodging Investment Summit’s “2010 Development of the Year,” “2010 Project of the Year,” by Los Angeles Downtown News, and “2007 Development of the Year” by Real Estate Forum.In addition, the entire L.A. Live development last fall received the Urban Land Institute’s prestigious Global Award for Excellence, one of only five development projects in the world to earn such honors in 2010.
MacFarlane Partners invested in the development of the Hotel & Residences at L.A. Live through a joint venture with AEG, one of the world’s leading sports and entertainment presenters. The firm made the investment on behalf of MacFarlane Urban Real Estate Fund II, its institutional real estate fund that invests in development, redevelopment and repositioning projects in urban and high- density suburban areas nationwide.
AEG began developing L.A. Live in 1999, with the opening of the Staples Center. Today, L.A Live encompasses four million square feet and also features the Nokia Theatre LA. Live, home to the EMMY Awards, the ESPY Awards and the American Music Awards; Club Nokia, a 2,300-seat, live- music venue; the Regal Cinemas L.A. Live Stadium 14 movie theater; 13 restaurants, including Wolfgang Puck Bar and Grill; the GRAMMY Museum; and ESPN broadcast facilities; all of which are configured around the 40,000-square-foot, open-air Nokia Plaza.
Click here to read the press release issued by AEG on March 24, 2011.
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