It’s not Hard Being Green Dollars & Sense 05/15/06

The Solaire, which stands 27 stories high in Battery Park City, is a 3-year-old luxury rental building with sweeping views of the Hudson River that caters almost exclusively to young professionals working in the financial district. A few miles away, on East Third Street stands the seven-story Diversity Houses, developed by the Lower East Side People’s Mutual Housing Association to provide housing to low-income families from diverse ethnic backgrounds.

Despite the obvious differences, both buildings are part of the current real estate trend to develop more environmentally friendly residential buildings. But while both Solaire and Diversity Houses…

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