CREJ

Page 2 — Property Management Quarterly — April 2018 www.crej.com Letter from the Editor T he reality is the Green Roof Ordinance is happening, Dan Simpson with Q Factor told a packed Colorado Real Estate Journal property manage- ment conference in February. As written, the policy is the most strin- gent green roof legislation in the country, he said. The Denver Green Roof Initia- tive applies to any new building with a gross floor area of 25,000 square feet or larger, any build- ing addition that causes the building to become 25,000 sf or larger, and any existing building over 25,000 sf that is seeking a roof replacement, according to the Denvergov.org website. A green roof includes a vegetative area, but also can include a solar com- ponent. The amount of designated green space is dependent on the building’s size, ranging from 20 per- cent of the roof for properties that are 25,000-49,999 sf up to 60 percent for 200,000-sf properties or larger. No matter how you look at it, the cost will be significant, Simpson told the audience. For new builds, such as the project he is working on, the green roof will cost between $20 and $25 per sf, compared to a “standard” roof cost of about $8 to $10 per sf, he said. For facility managers, when it comes time for a roof replacement, the property will have to adhere to the requirements. If a property can- not bear the structural load of the new roof, an exemption will be con- sidered. Most likely this exemption means that the percentage of area to be designated “green” would decrease. However, if you get a variance, you’ll be required to write a check, Simpson said. This means that there still will be an elevated cost for the portion of the roof that can support the green component, a fee for not fully meet- ing the ordinance and then the nor- mal price tag associated with reroof- ing the remainder of the area with a traditional membrane component. As of print, a group of 20 stake- holders comprising the Green Roofs ReviewTask Force, which was created by the Denver Department of Public Health and Environment to determine potential modifications to the ordi- nance, have three more public meet- ings scheduled – April 6, May 2 and May 23. Summaries from the previous five meetings are available on the Denvergov.org website. Property man- agers are encouraged to attend and share their concerns and suggestions before the task force wraps up. Any task force suggestions would require the support of two-thirds of City Council (nine votes) to be imple- mented and can only be voted on six months after the initiative went into effect, Jan. 1. That six-month marker is quickly approaching, right in step with the upcoming hail season. Michelle Z. Askeland maskeland@crej.com 303-623-1148, Ext. 104 Green roof news coming Contents Important changes to Denver’s fire training rules Judith A. Purviance-Anderson Don’t overlook mandatory IECC commissioning Mitchell Sawin Various resources can help when filing a claim Chris Rockers Boulder sees 1st multitenant net-zero energy lease Kelly Vaughn Denver’s interactive map shows energy usage Katrina Managan Mnemonic technique helps guide management Robert de Grasse How to build your brand with better wayfinding Marty Gregg Façade updates for cost-effective repositioning Jim Diaz 5 considerations when choosing a roof system Ken Flickinger Select the best deicing product for your property Jerry Konst Data-driven decisions can increase asset value Peter Katz Is your parking equipment at risk for data theft? Renee Smith Escape the capex conundrum with lighting service Mark A. Adams 2018 BOMA theme: Progress with engagement Dagmar Kollar 4 6 8 10 12 14 16 18 20 22 24 26 27 28 COLLIERS INTERNATIONAL MANAGEMENT? COLLIERS INTERNATIONAL 4643 S. Ulster Street, Suite 1000 · Denver, Colorado 80237 303 745 5800 · www.colliers.com/denver Why OWNER Trusted by Owners: Same Clients for Over 21 Years New Assignments Every Year Over 13M Square Feet 35 Satis ed Owners TENANT Trusted by Tenants: 98% Retention of Management After Sale Over 600 Satis ed Tenants High Percentage of Renewals Because we create value. Trust Reliability Commitment Integrity Brad Calbert, NAIOP, ULI President Robert Miller Principal, Vice President of Operations