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Venn on Market Certified as a LEED-Silver Building
July 28, 2014
Venn on Market, a rental apartment community built by MacFarlane Partners on San Francisco’s Market Street, has earned the U.S. Green Building Council’s Silver Leadership in Energy and Environmental (LEED) certification for its sustainable design, energy efficiency, and indoor environmental quality.
The eight-story mid-rise, which was completed in late 2013, is located at 1844 Market Street, at the nexus of several of San Francisco’s most vibrant neighborhoods: Hayes Valley, the Mission, South of Market, the Castro and the Lower Haight.
With the entrance to the Central Freeway (U.S. Highway 101) directly across Market Street from the property, Venn residents have near-immediate access to freeways that connect San Francisco with Silicon Valley and the East Bay. Residents who don’t want to commute via automobile have several options, including city and regional bus, streetcar and underground-rail transit service as well as dedicated bike lanes along Market Street.
Venn consists of 113 rental apartments, 14 of which are designated as affordable housing for low- and moderate-income residents, along with 4,400 square feet of ground-floor retail space that fronts Market Street.
Notable property amenities include an outdoor terrace and indoor lounge on the building’s fifth floor that feature sweeping views of the San Francisco skyline; convenient bike storage and repair space; a 1,100-square-foot fitness center; a pet-friendly dog and cat wash room; on-site Zipcars; and a gated, underground parking garage.
The USGBS’s LEED certification program is the world’s most widely recognized green-building ratings system. LEED certification provides independent, third-party verification that a property’s location and design meet accepted high levels of environmentally responsible, sustainable development.
In addition to its infill location and proximity to public transit, other features that qualified Venn for the Silver LEED distinction include:
- Use of recycled and regional construction materials;
- Diversion of at least 75% of construction waste from disposal;
- Light-colored roofing materials to minimize the building’s heat absorption;
- Low-emitting interior paint and flooring;
- Water-efficient exterior landscaping and low-flow interior plumbing fixtures;
- Energy-efficient appliances and light fixtures; and
- An energy-efficient HVAC system.
MacFarlane Partners developed Venn on behalf of MacFarlane Urban Real Estate Fund III, an institutional real estate fund it manages that invests in properties that promote smart growth, urban revitalization and sustainability in urban and high-density suburban submarkets of select metropolitan areas nationwide.
About MacFarlane Partners
MacFarlane Partners is a real estate development and investment management firm with approximately $4 billion in assets managed on behalf of some of the world’s largest pension plans and institutions. Founded in 1987, the firm pioneered the urban investment concept among institutional real estate investment managers in the 1990s and today is a leading investor and developer of properties that promote smart growth, urban revitalization and sustainability in urban and high-density suburban areas nationwide.
MacFarlane Partners is headquartered in San Francisco, with regional offices in Los Angeles and Washington, D.C. For additional information, please visit the firm’s website at www.macfarlanepartners.com.
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