New York Real Estate Journal / March 8, 2022
Pearl River, NY Hudson Valley iCampus has signed a long-term Operations and Maintenance (O&M) Agreement with Constellation to assume operations of the property’s existing central utility infrastructure. Hudson Valley iCampus is powered by a 23-megawatt, combined heat and power plant that delivers environmentally conscious and energy-efficient electricity, steam and chilled water to the tenants on the campus.
Constellation’s approach to onsite energy operations helps deliver seamless energy service while mitigating interruptions and maintenance stress. The campus is owned by Industrial Realty Group, LLC (IRG), a real estate development and investment firm with more than 100 million s/f of commercial property across the U.S.
“One of the most unique features of our campus is the redundant, reliable, highly efficient Central Utility Plant,” said Jamie Schwartz, President of Hudson Valley iCampus. “With the ability to generate 23 megawatts of electricity, the plant can power up to 4,000 average-size homes. We needed a partner who understands the significant utility requirements of our campus, and who could also ensure increased efficiency, sustainability and safety practices. Constellation provides all that, and more.”
Constellation has an existing relationship with IRG through their mutual involvement in the Hall of Fame Village and Resort development at the Pro Football Hall of Fame in Canton, Ohio. Constellation serves as the official energy provider for both the Hall of Fame and Hall of Fame Village.Read full article