News: Connecticut

Rockville Bank, Sunlight Constr. build prototype home

For one Connecticut community bank, "green" means much more than money. Rockville Bank - whose environmental conscience includes the construction of the state's first "all-green" bank branch - is partnering with a local builder on a model of cutting-edge, low-energy technology in residential home construction. Projected for completion this summer, the 4,950 s/f single-family house at 35 West Hills Dr. is designed and being built by Bill Ferrigno and Sunlight Construction, Inc. of Avon, his custom home company. The five-bedroom, three-story, high-end traditional home incorporates a wide variety of sophisticated, new cost-effective technology and techniques that conserve energy or utilize alternate energy strategies. The result will be dramatically less energy consumption than the average American home. "Rockville Bank has a strong track record of supporting 'green' products and initiatives," said Mark Kucia, senior vice president and commercial banking officer for Rockville Bank. "And Sunlight Construction has been a solid customer of ours for years. So when they offered us the chance to become involved with a residential prototype that is good for the environment and very appealing to the eye, we jumped at the opportunity to provide financing for the project." "The science behind our energy-efficient prototype is as much common sense as it is sophisticated technology," said Bill Ferrigno, president of Sunlight Construction and a builder for 30 years. "It proves that a complex energy-efficient house can also be architecturally attractive." Ferrigno adds that this home will be virtually indistinguishable from the 13 other conventionally constructed residences he is building in the West Hills of Avon luxury subdivision off West Avon Rd. (Rte. 167). Located on a lot selected for its southern exposure, the house's solar photovoltaic energy-producing cells will help to run the electrical infrastructure and the majority of the lighting will be energy-efficient LED fixtures. Domestic hot water will be provided by a 95% efficient tankless hot water heater and all appliances will be Energy Star rated. The subdivision is served by natural gas. "Designing this house actually changed my thinking about how to plan and market the rest of the subdivision," adds Ferrigno. While constructing the new house, Sunlight Construction became a certified geothermal and photovoltaic installer. For years, Sunlight Construction has worked with Rockville Bank for the financing of construction and development that includes Phillips Farm, a 66-home active adult residential development in East Hartford, as well as Cambridge Crossing and Devonshire Lane in Avon, and the current West Hills of Avon project. Rockville Bank made history in 2009 when its newest Manchester branch became Connecticut's first bank to be built with the entire property utilizing "green" technology and engineering. It was constructed with LEED (Leadership in Energy and Environmental Design) principles, incorporating the latest techniques of energy efficient design.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary