{"id":2410,"date":"2007-07-26T01:50:00","date_gmt":"2007-07-26T01:50:00","guid":{"rendered":"http:\/\/sustainablog.greenoptions.com\/2007\/07\/26\/chicago-green-exchange-a-model-for-green-retail\/"},"modified":"2007-07-26T01:50:00","modified_gmt":"2007-07-26T01:50:00","slug":"chicago-green-exchange-a-model-for-green-retail","status":"publish","type":"post","link":"https:\/\/sustainablog.org\/articles\/chicago-green-exchange-a-model-for-green-retail\/","title":{"rendered":"Chicago Green Exchange: A Model for Green Retail?"},"content":{"rendered":"<p><a href=\"http:\/\/bp3.blogger.com\/_7ckpSn7_q1c\/RqgDjs5HSbI\/AAAAAAAAAFM\/cv8sh6XEbQs\/s1600-h\/greenexchange.JPG\"><img decoding=\"async\" src=\"http:\/\/bp3.blogger.com\/_7ckpSn7_q1c\/RqgDjs5HSbI\/AAAAAAAAAFM\/cv8sh6XEbQs\/s400\/greenexchange.JPG\" alt=\"\" border=\"0\" \/><\/a><br \/>The <a href=\"http:\/\/www.worldchanging.com\/local\/chicago\/archives\/005442.html\">green<\/a> <a href=\"http:\/\/www.treehugger.com\/files\/2007\/03\/chicagos_green.php\">blogosphere<\/a> has been <a href=\"http:\/\/www.greenoptions.com\/2007\/01\/26\/chicagos_green_exchange_site_goes_live_mall_to_follow\">buzzing<\/a> for some time now with news about the planned Chicago <a href=\"http:\/\/www.greenexchange.com\/Default.aspx\">Green Exchange<\/a>, a 250,000-square-foot loft building in the Logan Square neighborhood.  When opened (the developers are shooting for September 2008), the Exchange will be a truly unique space: part shopping mall, part business incubator, and part office complex, all with a green focus. According to <a href=\"http:\/\/www.nytimes.com\/2007\/07\/25\/realestate\/commercial\/25green.html?pagewanted=1&amp;_r=1&amp;ref=business\">today&#8217;s New York Times<\/a>, the project is not only attracting attention from us greenies on the web, but also the Chicago business community:<\/p>\n<blockquote><p>The owner and builder, Baum Development, says it already has commitments for nearly 30 of the 100 Green Exchange spaces. The prospective tenants include an electric vehicle dealer, a green building supply company and a treeless paper packaging company. The rents are expected to be $18 to $35 a square foot annually, in line with market rates for the area.<\/p>\n<p>About 20 percent of the business spaces at Green Exchange have been designed so that the tenants can build a bathroom and small kitchen, enabling them to live there.<\/p>\n<p>The novel commercial real estate project is part of the expansion of environmentally oriented investments and policies that are reshaping Chicago\u2019s economy: office buildings with green roofs, a city-built incubator for green businesses, fleets of ultraclean buses and municipal electric vehicles.<\/p><\/blockquote>\n<p>The renovation of the former Frederick Cooper Lamp factory incorporates a range of green building practices, and the finished building will showcase features such as escalators that use 30% less energy than their conventional counterparts (they&#8217;ll slow down when no one&#8217;s on them), and parking spaces with outlets to recharge electric vehicles. Furthermore, the criteria for obtaining retail space includes a &#8220;green&#8221; clause, according to developer David Baum: &#8220;In order to be a tenant in Green Exchange, you must be doing something to advance the green marketplace.&#8221;<\/p>\n<p>When complete, the price tag for the complex will likely run around $40 million. That&#8217;s sizable, but Chicago&#8217;s green business community is already thriving with generous support from the city government and Mayor Daly. I&#8217;ve made three trip to the Windy City in the last year, and continue to be impressed: both the the public and private sectors seem totally committed to making Chicago a model of urban sustainable (re)development. Kudos!<\/p>\n<p>Photo: Chicago Green Exchange.  Credit: Peter Wynn Thompson for The New York Times<\/p>\n<p>Categories: <a href=\"http:\/\/del.icio.us\/jmcstras\/greenexchange\" rel=\"tag\">greenexchange<\/a>, <a href=\"http:\/\/del.icio.us\/jmcstras\/chicago\" rel=\"tag\">chicago<\/a>, <a href=\"http:\/\/del.icio.us\/jmcstras\/greenbuilding\" rel=\"tag\">greenbuilding<\/a>, <a href=\"http:\/\/del.icio.us\/jmcstras\/greenbusiness\" rel=\"tag\">greenbusiness<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The green blogosphere has been buzzing for some time now with news about the planned Chicago Green Exchange, a 250,000-square-foot loft building in the Logan Square neighborhood. When opened (the&nbsp;[ &hellip; ]<\/p>\n","protected":false},"author":56,"featured_media":17291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[15],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chicago Green Exchange: A Model for Green Retail? &#8226; Sustainablog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sustainablog.org\/articles\/chicago-green-exchange-a-model-for-green-retail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chicago Green Exchange: A Model for Green Retail? &#8226; Sustainablog\" \/>\n<meta property=\"og:description\" content=\"The green blogosphere has been buzzing for some time now with news about the planned Chicago Green Exchange, a 250,000-square-foot loft building in the Logan Square neighborhood. 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