Shopping Centers Today:MAKING SUSTAINABLE DEVELOPMENT PROFITABLE

02coverrecycle.jpgThere is a fantastic article in the International Council of Shopping Centers trade magazine “Shopping Centers Today” titled MAKING SUSTAINABLE DEVELOPMENT PROFITABLE

From the Article, Charles Zimmerman, Wal-Mart’s vice president of prototype and new-format development says:

“Everything we do has a nominal payback,” said Zimmerman. “We don’t have a single initiative greater than a three-year [payback].”

“We hope to change the industry,” Zimmerman said, “not just by the volume we buy in, but by the information we’re sharing.”

Brenna Walraven, chairman-elect of the national Building Owners and Managers Association and national property management director at San Antonio-based USAA Realty Co. says:

“Within five years sustainable construction will become the norm, in part because of falling product costs.”

“Retail and the rest of commercial real estate needs to continue to push harder for green,” Walraven said. “It keeps expenses down, it’s good business, and, more importantly, it’s the right thing to do.”

From the ISCS website:

The the International Council of Shopping Centers (ICSC) is the global trade association of the shopping center industry. Its 65,000 members in the U.S., Canada and more than 80 other countries include shopping center owners, developers, managers, marketing specialists, investors, lenders, retailers and other professionals as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world.

It’s great to see large retailers like Wal-Mart getting into alternative/renewable enerty and even better to see national, industry trade organizations like International Council of Shopping Centers and Building Owners and Managers Association getting involved. View the full article here.

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