In addition to featuring the geothermal system, which is believed to be one of the largest geothermal residential buildings in the US, 1 Java Street will be fully electric and use no natural gas. Together, these features align with Mission Zero - Lendlease's goal of achieving absolute zero carbon across scopes 1, 2 and 3 by 2040 - and ensure 1 Java Street will meet or exceed local laws 97 and 154, both of which are part of New York City's pioneering decarbonisation legislation.

"Lendlease is bringing the full weight of its investment management, development and construction expertise to this integrated project, which demonstrates our global commitment to creating inclusive communities on prominent sites with unrealised potential," Claire Johnston, CEO Lendlease USA, said. "1 Java Street pushes the boundaries of what is possible for socially and environmentally sustainable living in New York."

1 Java Street represents the sixth project developed and operated as part of the Aware Super and Lendlease joint venture Americas multifamily portfolio, which achieved net zero carbon in 2021. The joint venture's stabilised assets were also recently recognized by GRESB as Regional Sector Leader for superior ESG performance.

Got a story? Email: duncan.moore@aspermont.com