- Press Release
LEED for Neighborhood Development Gold Certification Granted to Federal Realty's Pike and Rose
Pike & Rose is the only LEED ND Stage 3 certified project owned and developed by a U.S. REIT and one of only 10 LEED ND Stage 3-certified projects in the U.S. as well as only 18 worldwide. Pike & Rose is a transit-oriented development located 6 miles north of
"Earning this important certification demonstrates
Further evidence of
Federal Realty completed its annual sustainability reporting through the Global Real Estate Sustainability Benchmark (GRESB) and was awarded aGreen Star recognition with 4 out of 5 stars. The Trust ranked first among its peers in the Health and Wellness category. In addition,Federal Realty reduced energy consumption by 11.4% year-over-year which is enough energy to power 643 homes for a year. The Trust also reduced water consumption by 3% year-over-year which equates to 7.7 million gallons of water.Federal Realty was recognized as a Green Lease Leader Gold by theInstitute for Market Transformation and theU.S. Department of Energy (DOE)'s Better Buildings Alliance for high-performance leasing practices which drive shared energy savings and sustainability benefits in buildings.Federal Realty is a leader amongst U.S. corporations for utilizing locations to generate renewable energy through solar with 16.7 megawatts of roof top solar installed at 30% of the Trust's properties.Federal Realty partners with Up Top Acres to operate rooftop farms atBethesda Row and Pike & Rose which combined produce almost 30,000 lbs of produce annually. Produce grown at both farms is sold to local restaurants and at local farmers markets; at Pike & Rose the produce is also sold directly to the tenants of the residential building through the Up Top Acres membership program.Federal Realty partners withFreight Farms , aBoston -based company that retrofits shipping containers with vertical farming technology, to repurpose unused parking spaces within its shopping centers as a place to locally and sustainably grow acres' worth of produce in a fraction of the space of traditional farms.
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