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Committee forwards Department of Environment tenant-improvement allowance at 1455 Market with no recommendation
Summary
The committee considered a request by the Department of the Environment for an amortized tenant-improvement allowance at 1455 Market Street; after questioning about costs, LEED Gold requirements and funding, the committee forwarded the amended request to the Board without recommendation.
The Budget and Finance Committee considered a request from the Department of the Environment (DOE) to authorize an additional tenant improvement allowance for DOE—s lease at 1455 Market Street and voted to forward the amended resolution to the full Board without recommendation.
Director Melanie Nutter told the committee that the DOE—s original tenant improvement budget of $2,700,000 had been reduced by design choices and value engineering to $2,000,000 but that a remaining shortfall existed. She said the space is a cold shell requiring substantial HVAC, electrical and other buildout costs and that Hudson…
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