Largest Project in San Francisco Certified at the Gold Level
Kilroy Realty Corporation (NYSE: KRC) announced today that its four-building, 750,000 square foot office project, The Exchange on Sixteenth, has earned WELL Core & Shell Certification at the Gold level by the International WELL Building Institute (IWBI). As part of this certification, health and wellness elements were incorporated into all aspects of the building design, including enhanced air and water quality, elements promoting physical fitness, and the incorporation of natural and artistic features.
The Exchange on Sixteenth is not only the largest WELL Certified project in San Francisco but also the first project to earn WELL Core & Shell Certification in San Francisco. Further, it is the second project in the state of California to achieve WELL Core & Shell Certification.
KRC has a successful track record of achievements in the design and operation of healthy buildings. Columbia Square Living, the residential component of KRC’s 650,000 square foot, mixed-use Columbia Square project in Hollywood, was the first residential rental project in the world to earn WELL certification. Additionally, KRC is a two-time winner of the Center for Active Design’s Best in Building Health awards in the Impact category for having the most Fitwel-certified buildings of any company.
"The Exchange incorporated a strong focus on health from the very beginning," says Warren Forster, Senior Project Manager at KRC. "The WELL certification demonstrates that we were able to realize our ambitious goals around health and wellness, which required extensive collaboration from design through construction and operations."
"Our buildings, and everything in them, play a critical role in safeguarding our health and wellness," said IWBI CEO and Chairman Rick Fedrizzi. "By achieving WELL Core & Shell Certification, KRC has demonstrated an outstanding commitment to ground up design that makes it easier for the organizations that work inside to also make wellness a priority."
The Exchange on Sixteenth exhibits forward-thinking health-focused design that includes the following features:
Extensive green roofs
Enhanced air quality
Mechanical design emphasizing thermal comfort
Large onsite bicycle amenity
The project was designed by Rios Clementi Hale Studios with Flad Architects providing executive architecture services. Marelich created the mechanical, electrical and plumbing design. Hathaway Dinwiddie oversaw the construction of the project, Stok executed the commissioning and A Sustainable Production coordinated the WELL certification process.
About Kilroy Realty Corporation. Kilroy Realty Corporation (NYSE: KRC, the "company", "KRC") is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company’s approach to modern business environments helps drive creativity, productivity and employee retention for some of the world’s leading technology, entertainment, life science and business services companies.
KRC is a publicly traded real estate investment trust ("REIT") and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects.
As of June 30, 2020, KRC’s stabilized portfolio totaled approximately 14.3 million square feet of primarily office and life science space that was 92.3% occupied and 96.0% leased. The company also had 200 residential units in Hollywood that had a quarterly average occupancy of 85.0% and another 462 residential units in San Diego that were in lease-up. In addition, KRC had eight in-process development projects with an estimated total investment of $2.0 billion, totaling approximately 2.3 million square feet of office and life science space, and 339 residential units. The office and life science space was 90% leased.
A Leader in Sustainability and Commitment to Corporate Social Responsibility
KRC is listed on the Dow Jones Sustainability World Index and has been recognized by industry organizations around the world. KRC’s stabilized portfolio was 66% LEED certified and 43% Fitwel certified as of June 30, 2020.
The company has been recognized by GRESB, the Global Real Estate Sustainability Benchmark, as the sustainability leader in the Americas for six consecutive years. Other honors have included the National Association of Real Estate Investment Trust’s (NAREIT) Leader in the Light award for six consecutive years and ENERGY STAR Partner of the Year for seven years as well as ENERGY STAR’s highest honor of Sustained Excellence, for the past five years.
A big part of the company’s foundation is its commitment to enhancing employee growth, satisfaction and wellness while maintaining a diverse and thriving culture. The company was named to Bloomberg’s 2020 Gender Equality Index—recognizing companies committed to supporting gender equality through policy development, representation, and transparency.
More information is available at http://www.kilroyrealty.com.
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