The Ali at Lakewood building is an adaptive reuse of a formerly vacant office building into a mixed-use office/retail property. The developer is committed to supporting environments for organic small business growth and sustainable economic development.
Highlights
Amalgamated Bank funded this C-PACE transaction through FASTPACE. The $1.2M financing is the first C-PACE loan in Atlanta to be originated on the FASTPACE platform. Invest Atlanta's community development resources supported project development as well, showcasing the collaborative nature and multi-stakeholder involvement that enables local redevelopment efforts.
Results
The financed improvements — including LED lighting, low U-Factor windows, high efficiency HVAC (heat pumps), high efficiency DHW, low-flow plumbing fixtures, and hydraulic elevators — result in 128,000 lbs of annual carbon emissions reductions.