Thursday, June 25, 2009

KZF sister company receives LEED tax exemption for Downtown renovation, goal of LEED Silver

LaCaisse, Inc., a sister company of KZF Design, will receive a 12-year, 75 percent Community Reinvestment Area LEED tax exemption agreement for the buildout of the firm's new three-story, 37,000-square-foot Downtown space at 700 Broadway.

Cincinnati City Council approved the package, which would save the company approximately $808,800 in tax liability over the life of the agreement.

Seventy-five employees would move from the Baldwin Building in Walnut Hills, a 30 percent increase in work space that would help accommodate KZF Design's recent growth.

KZF Design plans to use the new space as a showplace for sustainable design and has registered the project with the U.S. Green Building Council as both a LEED Core and Shell and a LEED for Commercial Interiors project, with the goal of achieving LEED Silver certification.

The $3.4 million project should be completed by the end of this year.

Previous reading on BC:
KZF's Downtown relocation seeking LEED tax exemption (6/18/09)