The Exchange
Opportunity
Nuveen Green Capital provided $13M in C-PACE capital to the total $64M development project cost. The property will be utilizing several energy efficient measures financed by C-PACE including roofing, windows, HVAC, plug load controls, smart thermostats, elevator systems and low-flow fixtures which are estimated to save the property nearly $40M over the 25-year term of the financing.
Property Summary
The Exchange is a new construction development project in Detroit’s Greektown district that will be a state-of-the-art, 16-story mixed use commercial and multifamily property.