Foss & Company and Good Carbon Co. Join Forces
Foss & Company, a leading tax equity syndicator, has embarked on an ambitious journey to rejuvenate a historic setting through their latest project on Summer Street. Known for their innovative approach and dedication towards sustainable initiatives, the collaboration introduces a transformative vision aimed at blending historical integrity with modern energy solutions.
Details of the 211 Summer Project
This notable project focuses on revitalizing two historic multifamily buildings along with a former carriage house. The development will deliver 22 upgraded apartment units designed to provide modern conveniences while respecting the architectural heritage of the area. One of the major highlights of this refurbishment is the incorporation of geothermal systems that ensure effective heating and cooling, promoting environmental sustainability and energy efficiency.
Foss & Company’s Commitment to Sustainability
As part of this collaborative effort, Foss & Company proudly serves as both the Federal Historic Tax Credit investor and the State Historic Tax Credit investor for this endeavor. This strategic financial support underlines their ongoing commitment to blending financial acumen with sustainable development practices. John Sorel, a key member of the acquisitions team at Foss & Company, expressed pride in the initiative, highlighting the project as a perfect showcase of aligning historical rehab with sustainable growth.
A Testament to Shared Values
The partnership with Good Carbon Co. has proven fruitful for both entities, as their combined vision fosters an environmentally friendly approach to urban renewal. John Sorel emphasized the importance of their collaboration, reinforcing the belief that preserving historical architecture and advancing clean energy solutions can go hand in hand.
The Role of Good Carbon Co.
Good Carbon Co., led by CEO Adam Serbert, plays a vital role in this partnership. Their mission centers around revitalizing historic spaces while simultaneously reducing carbon footprints. This project stands as a testament to their commitment to sustainability, creating a model for future preservation efforts. The integration of low-carbon energy systems into the design ensures that these homes remain energy-efficient and prepared for the future.
Looking Back at Previous Collaborations
This venture marks the second exciting collaboration between Foss & Company and Good Carbon Co., following their successful completion of a previous project on Bryant Street. This history of working together speaks volumes about their shared mission and goals, aiming to create a lasting impact in the realm of sustainable development.
Looking Ahead
As these teams celebrate this new chapter in their partnership, the focus will remain on pushing the boundaries of what sustainable historic rehabilitation can achieve. Foss & Company looks forward to exploring more creative avenues that align with their vision of environmentally conscientious development.
About Foss & Company
Established in 1983, Foss & Company has evolved into a prestigious national tax equity investor and fund sponsor. With nearly four decades of experience, they have successfully deployed over $9 billion in tax equity. Their expertise encompasses various sectors, including historic rehabilitation and renewable energy projects. This extensive experience places them in a unique position to guide partners through the complexities of tax equity investments effectively.
Frequently Asked Questions
What is the 211 Summer project about?
The 211 Summer project focuses on the adaptive reuse of two historic buildings and a carriage house to create 22 updated apartment units with sustainable energy solutions.
Who is involved in the project?
Foss & Company and Good Carbon Co. are the primary collaborators on this project, each bringing unique expertise and commitment to sustainability.
What sustainable technologies are being used?
The project incorporates geothermal systems, enhancing energy efficiency for heating and cooling while preserving historic character.
How does Foss & Company support this project?
Foss & Company is the Federal and State Historic Tax Credit investor, providing crucial financial backing to facilitate the project’s success.
What is the mission of Good Carbon Co.?
Good Carbon Co. aims to revitalize historic spaces while minimizing their carbon footprint, creating models of sustainability in urban development.
