Park Avenue Lobby Design, NYC

Navigating the maze of NYC’s property landscape can be daunting. Especially now, as the imminent NYC Local Law 97 stands to reshape how condo and co-op buildings approach energy efficiency. If you serve on the board or manage a condo or co-op building, this law is particularly pertinent. Without timely action, compliance fines and penalties might cast a shadow on your building’s long term financial health.

While the looming legislation might seem overwhelming, it can be an opportunity to enhance your property’s intrinsic value. The key is to act proactively.

Local Law 97 Explained

The NYC Local Law 97 isn’t just another piece of legislation; it’s a testament to New York City’s commitment to combat climate change. Affecting buildings 25,000 square feet and larger, the law has set benchmarks for energy efficiency and greenhouse gas emissions by 2024. By 2030, these benchmarks will tighten further. In essence, this legislation isn’t just about compliance; it’s about fostering a sustainable future for the city.

Why You Should Start Now

The implications are broad and profound, impacting approximately 50,000 buildings. As 2030 approaches, a rise in renovation costs and a shortage of quality contractors are expected. That’s why I believe that initiating your building’s updates now is a strategic move, and here’s why:

1. Shortages: As more buildings rush to comply, good contractors will become harder to hire and material costs are likely to surge. By starting now, you’ll have more resources and evade the disruption of a last-minute scramble.

2. Property Values: Prospective buyers will be aware of Local Law 97. They’ll consider buildings that are in compliance already a better choice because the prospect of future assessments or escalated common charges is less likely

3. Energy Savings: Energy-efficient lighting in your common areas will garner savings during the next few years. You can use the savings for other necessary updates for compliance such as updated boilers and windows.

Start Here

Start preparing for the NYC Local Law 97 where the impact is highest: your building’s common areas. Outdated lighting in these spaces contributes significantly to greenhouse emissions. Transitioning to LED fixtures with motion sensors will save money and help your building become compliant. Unfortunately, off-the-shelf fixtures are typically unattractive and cheaply made.

At Sygrove, we’ve always been at the forefront of incorporating energy efficiency in our lobby and hallway designs. Our custom fixtures, designed with LED technology and motion sensors, aren’t just energy savers—they seamlessly blend with and elevate the aesthetics of any space. With advanced technology, these fixtures adapt to the environment, transitioning from a gentle glow in unoccupied areas to a bright, vibrant light when needed. Additionally, they offer flexibility with adjustable color temperature settings.

Conclusion

If there’s been even a glimmer of interest in updating your common areas, it’s smart to start now to ensure your project will be completed in a timely way, your budget will go further, and the units in your building will become more valuable.

Sygrove is here to assist you every step of the way. If you want to discuss your building, send me an email or give me a call. The sooner the better! Together, we will create stunning common areas that exceed your expectations and help you comply with Local Law 97.

 

Learn about our process of creating elegant and energy-saving lighting solutions in the era of Local Law 97 here.

Sygrove Interior Design Services

Sygrove Associates Design Group is an NYC interior design company. Our company’s founder Marilyn Sygrove is the lead interior designer on all projects. And she’s as tough as you are when it comes to quality, aesthetics, and coming in on time and on budget.

It all starts with a design consultation with Marilyn. She takes the time to thoroughly understand your design needs then personally directs all interior design, planning, and installation activities. Her work has been delighting clients, co-op and condo boards, and homeowners for over 30 years. Her firm will help you achieve consensus with everyone involved from the Board, building management, and residents.

You can reach Marilyn by email at hello@sygrove.com or call her directly at 212.757.0631.

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