Sunday, March 21, 2010

New's about the Tower Companies

1828 L Installs Most Efficient Chiller in DC

The Tower Companies are the first commercial real estate owner in Washington, DC to install the first of the next generation production version of the Daikin McQuay® Magnitude™ frictionless centrifugal chiller air-cooled chiller, at 1828 L Street, the USGBC LEED EB certified office building in Washington, DC. The Daikin McQuay® Magnitude™ frictionless centrifugal chillerwas first BETA-tested at Tower's commercial property in Richmond, Virginia.

These virtually frictionless chillers are energy efficient and cut maintenance costs by up to 50 percent by working without oil lubrication systems. The absence of an oil lubrication system also means that owners will not experience oil entrainment, which coats tubes and can reduce capacity and efficiency by up to 15% after just a few years.

"The Federal government needs to offer tax incentives so that all buildings in America can quickly change out their antiquated mechanical systems, the way Tower has, which continue to waste energy. That would create US energy independence, prevent diseases, improve our health, and at the same time, spurring an industrial revolution in this country that would create a bigger job explosion than the IT industry," stated Jeffrey S. Abramson, Partner, The Tower Companies.

"The Daikin McQuay® Magnitude™ frictionless centrifugal chiller installed are the most efficient available, bar none-in some cases nearly 20% more efficient than our closest competitors. We design our energy needs for all of our buildings based on how they are being operated," stated Jim Lewis, Tower's 28-year veteran Director of Engineering.

Their energy efficiency and extremely attractive return on investment make them a very prudent investment. At Tower's DC facility, estimates predict reductions of $73,000 per year in utility costs, and reductions in carbon emissions of over 400 tons per year. This would be close to $14,000.00 savings per month reducing electric operating costs. Tower's investment of $750,000, just one aspect of their extensive green initiatives, will realize a payback in around 10 years. "It is a great pleasure to deal with a company that prides itself on providing its tenants with the finest possible environment while being sufficiently knowledgeable and prudent to achieve the greatest possible return for its investors," stated Richard L. Shafer, Vice President of HAVTECH, one of the Mid Atlantic's largest HVAC equipment suppliers.

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