Portfolio
| Northside Lofts | ||
| Year: | 2006 |
|
| Web Site: | www.northsidelofts.com | |
| Building Type: | High Rise Luxury Condominiums | |
| Location: | Akron, OH | |
| Contract For: | Geothermal Conductivity Testing Geothermal Wellfield and System Wellfield Financing |
|
| Loop Type: | Vertical | |
| Borehole Count: | 40 | |
| Borehole Depth: | 500' | |
| Description: | Located in downtown Akron along the historic Erie Canal and the Towpath Trail, Northside Lofts showcases the ultimate benefits of using geothermal heating and cooling. The Geothermal Wellfield is situated under the parking lot and the heating and cooling units are in the building, leaving the rooftop available for a rooftop terrace for residents to enjoy panoramic views of downtown Akron and the Cascade Valley. The Geothermal Wellfield was financed through Middleton's sister company, Wellfin, so the project is paid for over time with operating cost savings. After a seven-year payment period, the condo association will own the wellfield. With an expected life of over 50 years for the wellfield, the project will recoup the cost of the wellfield many times over while still enjoying monthly savings over traditional gas heating and cooling systems. | |
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