WALDORF ASTORIA

Waldorf Astoria

HOTEL & CONDOS

New York, New York

Gut Rehab.

Year Built 1931

Renovation 2022

CREATIVE APPROACH

CHALLENGE

Uncertain economic and logistical feasibility of inserting large cogen plant into late stage redevelopment (MEP designs were advanced)

SOLUTION

Assembled world-class design, build, own, operate, maintain (DBOOM) team to develop concept, guarantee savings and assume risk.
Creatively optimized plant size and location to maximize energy savings for owner.
Satisfied owner on key feasibility concerns including schedule, BIM coordination, emissions, noise and rigging during a 12 month underwriting period.

OWNER BENEFITS

100 percent of necessary funds secured to pay for design, construction and long-term operation and maintenance of new cogen (plus boiler) system.
Significant annual savings after annual energy payments to plant owner (savings amount confidential).
Resiliency from all of heat and roughly 75 percent of electricity generated on-site.