Real estate developers are seeing green.
Responding to interest among home buyers for eco-friendly dwellings, developers are building energy- and water-efficient features into homes, reusing materials instead of buying new ones and purchasing bicycles for residents to use.
At AIRE in Santa Monica, a development of 19 homes that will be ready for occupancy early next year, two bicycles are included with each unit. A bike room is provided on-site for tuneups.
The units, which start at $900,000, will be surrounded by low-water plants. A green wall on the property will be covered with succulents. And the decks are being constructed from a material that looks like wood but is made primarily from pressed rice husk, said Ken Simpson, project director at Palisades, AIRE’s developer.
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