Camrost Felcorp Inc., the developer of the award-winning Exchange District mixed-use new community in downtown Mississauga today announced that the drilling of 186 geothermal boreholes, which will provide an alternative energy source to two of the four towers in the development, have now been completed making way for the commencement of shoring and excavation. The project will bring off-grid energy to the rental tenants in the development's purpose-built rental tower, as well as guests of the planned boutique hotel structure, and, the 650 suites in the 66-storey EX3 condominium tower.
In partnership with Diverso Energy, a Geothermal Energy Service Provider, the buildings will benefit from this low carbon heating and cooling solution which, unlike conventional systems, will not require heating boilers or rooftop cooling towers. Additionally, geothermal eliminates the need for natural gas for heating, ensuring Exchange District is a true development of the future.
The inclusion of EX3 in this power system makes it the tallest residential development in the province to feature this innovative geothermal-based approach to sustainable energy service.
"The Exchange District is an award-winning community, celebrated for its careful urban planning, distinctive architecture, and smart design, not to mention its unparalleled, transit-oriented location in the heart of the Mississauga's City Centre," notes Joseph Feldman, Vice President of Development at Camrost Felcorp. "But in today's real estate environment, we understand that those attributes are simply not enough for our market. Purchasers, renters, retailers and those who care about creating great communities, all agree that today's communities must also be environmentally sensitive, sustainable and conscientious."
According to Diverso Energy's co-founder and partner, Jon Mesquita, the company has partnered "with several real estate developers across the GTA in the last few years, helping them meet ever increasing new energy and carbon targets and purchaser demands for energy efficiency," adding that EX3, at 66-storeys, "will be the tallest condominium tower in the province to benefit from a geothermal heating and cooling system."
Further demonstrating Camrost Felcorp's commitment at the Exchange District to sustainability and the pursuit of innovative environmentally-friendly technologies, the developer today has also announced a partnership with Mitsubishi Electric to utilize the company's state-of-art Variable Refrigerant Flow (VRF) system.
Mitsubishi's proprietary City Multi water source VRF system revolutionizes the typical approach to HVAC systems in multi-residential towers, providing a premium HVAC solution typically seen in Class-A commercial settings, with features such as simultaneous heating and cooling as well as heat-recovery capabilities. While the heat recovery system has a greater initial cost, it allows for better zoned thermal control of a building and overall greater efficiencies, ultimately saving residents operating costs in a sustainable manner.
For further information: visit www.camrost.com/projects/exchange-district.
SOURCE: Camrost Felcorp