Regions West | San Francisco
Aug 13, 2008
By: Barbra Murray, Contributing Editor
American Assets Inc. has revealed plans for The Commons at Mount Burdell, a green mixed-use project on a 65-acre site in Novato, Calif., about 30 miles north of San Francisco. According to the San-Diego-based real estate company's calculations, the 1.5 million-square-foot development and redevelopment endeavor will be able to achieve carbon-neutrality within a 10-year period.
The Commons will evolve on the site of a Class A office complex on San Marin Drive. Home to the headquarters of the Fireman's Fund Insurance Co., American Assets acquired the property last year and will incorporate the existing buildings into the project. Ultimately, The Commons will encompass 800,000 square feet of new development that will include a premier hotel, retail space, meeting venues, a fitness facility and daycare accommodations. Additionally, 710,000 square feet of existing space will undergo renovation.
The architectural firm of Carrier Johnson has been tapped to oversee design of The Commons, which is intended to surpass performance targets outlined by the 2030 Challenge with the incorporation of efficient water, waste and energy systems that will allow for the realization of carbon neutrality 10 years in advance. Wetlands and undeveloped hillsides will be protected, as will green space, which will also be enlarged by 15 percent with the elimination of 15 acres of asphalt parking and the development of new garage facilities. American Assets is seeking LEED Platinum certification for The Commons.
American Assets is one of the largest real estate concerns in the San Diego area. The company's portfolio includes approximately 3.3 million square feet of retail space, 3 million square feet of office and industrial space and 1,000 residential units in California, Hawaii, Illinois and Texas.
By: Barbra Murray, Contributing Editor
American Assets Inc. has revealed plans for The Commons at Mount Burdell, a green mixed-use project on a 65-acre site in Novato, Calif., about 30 miles north of San Francisco. According to the San-Diego-based real estate company's calculations, the 1.5 million-square-foot development and redevelopment endeavor will be able to achieve carbon-neutrality within a 10-year period.
The Commons will evolve on the site of a Class A office complex on San Marin Drive. Home to the headquarters of the Fireman's Fund Insurance Co., American Assets acquired the property last year and will incorporate the existing buildings into the project. Ultimately, The Commons will encompass 800,000 square feet of new development that will include a premier hotel, retail space, meeting venues, a fitness facility and daycare accommodations. Additionally, 710,000 square feet of existing space will undergo renovation.
The architectural firm of Carrier Johnson has been tapped to oversee design of The Commons, which is intended to surpass performance targets outlined by the 2030 Challenge with the incorporation of efficient water, waste and energy systems that will allow for the realization of carbon neutrality 10 years in advance. Wetlands and undeveloped hillsides will be protected, as will green space, which will also be enlarged by 15 percent with the elimination of 15 acres of asphalt parking and the development of new garage facilities. American Assets is seeking LEED Platinum certification for The Commons.
American Assets is one of the largest real estate concerns in the San Diego area. The company's portfolio includes approximately 3.3 million square feet of retail space, 3 million square feet of office and industrial space and 1,000 residential units in California, Hawaii, Illinois and Texas.
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