CIB and Avenue Living to Commit $150 Million Towards Sustainable Retrofit Projects
By Logan Caswell
HPAC General Avenue Living Canada CIBThe goals of the sustainable retrofit projects include optimizing building performance and decreasing GHG emissions by more than 49%.
The Canada Infrastructure Bank (CIB) and Avenue Living will commit $150 million towards sustainable retrofit projects in low-density residential buildings across Western Canada.
The goals of the sustainable retrofit projects include optimizing building performance, decreasing GHG emissions by more than 49%, and enhancing functionality and comfort for occupants.
Specializing in Canada’s existing rental base, Avenue Living owns and operates more than 500 medium-density buildings, consisting of over 14,400 apartments and townhomes, in 20+ regions across Canada’s prairie provinces and the United States.
Projects will be delivered simultaneously and focus on renewable energy generation on-site, low carbon heating and cooling, sensors and smart thermostats, optimized air filtration, water and vapour management, and energy consumption strategies to effectively reduce in-suite utility costs for lower-income renters.
All projects are expected to begin late in 2022.
