Cycle-7 and Transcend Fund Retrofit of Lower Manhattan Office Building

Cycle-7 and Transcend Fund Retrofit of Lower Manhattan Office Building

Cycle-7 is pleased to announce the retrofit of the core systems of 125 Maiden Lane, a 310,000 square foot office building two blocks from Wall Street in Lower Manhattan. The project, funded through a Managed Energy Services Agreement with Transcend Equity Development, will include the replacement of inoperable pneumatic controls with full direct digital controls, original motors from 1958 with new high efficiency motors and variable frequency drives, and a series of new valves and dampers for automated management of flows of air and water. This retrofit will save more than 30% of the energy use in the building. A condominium office building sponsored by Time Equities, 125 Maiden Lane is home to several important non-profits including the US Fund for Unicef, the Guttmacher Institute and the Jewish Forward. It is the first MESA agreement in New York City.