Florida Governor Charlie Crist signed three Executive Orders Friday initiating Florida’s energy policy. The signing ceremony concluded the Serve to Preserve Florida Summit on Global Climate Change held in Miami this week.
According to the governor's press office, the Executive Orders carry out Governor Crist’s commitment to reducing Florida’s greenhouse gases and increasing energy efficiency. As a result, Florida will pursue renewable energy sources such as solar and wind energy, as well as alternative energy such as ethanol and hydrogen.
Governor Crist said, “During the next few months, Florida’s Action Team on Energy and Climate Change will develop further recommendations for our state’s long-term climate-friendly efforts.”
Among the provisions in the orders, any purchased state vehicles should be fuel efficient and use ethanol and biodiesel fuels when available. Florida will also adopt the California motor vehicle emission standards, pending approval of the U.S. Environmental Protection Agency waiver.
California Governor Arnold Schwarzenegger joined Crist at the Summit in hosting a roundtable discussion among chief executive officers of business corporations and non-government organizations and also as the luncheon keynote speaker.
700 condos planned for land behind Lenox mall.
The Atlanta Journal-Constitution December 13, 2006 Dec. 13–The company that owns Lenox Square mall is teaming up with Miami-based Related Group for a luxury residential development on a 3- to 4-acre parcel behind the mall in Buckhead.
It’s the first foray into Atlanta residential for Simon Property Group, the city’s mall king, and makes use of a long-underused piece of prime real estate.
“Simon has approached us about doing a joint venture,” said Robert Dorfman, Related’s senior vice president. “We have embraced that concept, as they have.” Details remain incomplete, but an application filed with the Atlanta Regional Commission calls for 700 units in two towers to be completed by 2010.
Dorfman, who is also spearheading Related’s 19-acre CityPlace development on nearby Roxboro Road, said the Lenox Towers development will contain smaller, loft-style condominiums styled to provide a “unique interior design” targeting a different buyer from those at CityPlace. web site lenox square mall
“They will be younger, a buyer who likes and wants to shop at Lenox [Square mall]. There will probably not be nearly as many families as we would get at CityPlace,” Dorfman said.
Simon has a long, aggressive history of juicing its real estate for more than rental income — in fact, its steady stream of sponsorships and advertising ventures have turned Simon’s malls into marketing mediums.
Condos add another lucrative avenue.
“We’re scouring our portfolio across the country to look at what other uses we can bring to some of our best properties, and Lenox is a shining example of that,” said Simon spokesman Les Morris.
In Charlotte, for example, Simon is adding condos to its tony SouthPark mall, home to Nordstrom and Neiman Marcus.
And in Florida last month, Simon opened an outdoor shopping center called Coconut Point that includes 300 condos.
Simon executives are still in the early stages of their new residential game plan, but Morris said there may also be room for apartments and condos at some of its middle-market suburban malls.
“We’re looking at all property types,” he said. “It just depends on the property and what type of demand is there.” Indianapolis-based Simon, the nation’s largest mall company, owns or manages 286 malls and shopping centers in the United States, including seven in metro Atlanta. lenoxsquaremall.net lenox square mall
Its 1998 acquisition of Lenox Square, one of the busiest malls in the country, along with Phipps Plaza, gave it two of the South’s iconic shopping spots.
Related hopes to break ground on Lenox Towers in late 2007, according to Dorfman.
Simon currently owns the land Lenox Towers will occupy. Negotiations on details of the deal are ongoing, Dorfman said.
“Obviously, there are going to be some synergies” between the mall and the loft development, Dorfman said. “If it’s not good for them, it’s not good for us.” The location overlooking Ga. 400 and MARTA tracks will offer “incredible views,” Dorfman said. That proved a strong incentive on the deal for Related, which is hoping this might be the beginning of a wider-ranging partnership with Simon.
“We’re very excited about this,” Dorfman said. “We’re thinking that this collaboration of Simon and Related could lead to other opportunities outside Atlanta.” By Julie B. Hairston and Patti Bond Distributed by McClatchy-Tribune Business News.