New Orleans developer Green Coast Enterprises has secured a $500,000 capital investment for GCE Services, their consulting arm that focuses on green development, energy efficiency and environmental sustainability for buildings.
The funding comes from Elevate Energy of Chicago and New Ecology Inc. of Boston, both of whom offer services in the community-based sustainable redevelopment field. GCE Services assists other developers and builders to on meeting green certification standards like LEED and Energy Star, and advises on energy management, construction management, and historic tax credits.
GCE’s Managing Partner Jackie Dadakis says that the funds have been used to purchase state-of-the-art testing equipment such as a blower door tool and a thermal camera, and provide additional training. “We are the only firm that has a relationship with two of the most respected organizations in this field,” Dadakis says. “The investment is more than just money; it’s also ongoing technical assistance.”
In addition to GCE Services, Green Coast Enterprises also includes their development arm GCE Development, their Green and community development arm, GCE Green Development, and their brokerage, Green Coast Realty. Green Coast has been involved in a number of high profile projects including the $25 million Pythian project, social co-working space Propeller, and the Laundry building on the Lafitte Greenway.