Rose Associates Welcomes Mayor Bloomberg to Citylights, First NYC Building to Implement Power on Demand
Posted On June 25, 2013
Rose Associates recently welcomed Mayor Bloomberg to Citylights, a 43-story, 525-unit cooperative building in Long Island City, Queens. The Mayor and others gathered at Citylights to discuss the building’s purchase of a Power on Demand System from Arista Power and other energy saving measures being taken at buildings throughout New York City.
Citylights, which is managed by Rose, is the first building in the New York City area to purchase a Power on Demand system, which utilizes inputs from a variety of energy sources including solar energy and the grid.The system also features a battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce electricity costs.
“Citylights is a large property, and the Power on Demand system is a great fit here because it’s both environmentally responsible and fiscally prudent,” said Michael Donuk, a director of property management atRose. “This system will reduce Citylights’ electricity costs, particularly in the area of demand charges which can be significant for a property of this size.”
Rose has also entered into negotiations to purchase and install a combined heating and power (CHP) co-generation system at Citylights.The company is taking similar steps at a number of residential buildings it manages throughout New York City.
About Rose Associates, Inc.
Based in New York, Rose Associates is a developer, owner and operator of premium residential properties. From planning a new development to managing day-to-day property operations, the Rose 360 Platform offers a full range of services designed to maximize the value of real estate. The firm oversees more than 26,000 units across New York, with approximately $2 billion in projects under development. Rose recently opened the historic skyscraper 70 Pine Street, which the firm is transforming into a luxury rental property with 644 residential units, 132 extend-stay apartments and a destination restaurant/lounge occupying the top four floors.