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Case Study: 400 University Ave

Sustainable Retrofits Deliver Measurable Results

400 University Avenue, Toronto

400 University Avenue was initially acquired by Crown’s value-add fund, CR II LP.  Crown undertook a large-scale capital and leasing program after the departure of an anchor tenant.

Crown’s repositioning plan included replacing the windows and cladding, retrofitting HVAC systems, replacing LED lighting, renovating the lobby, and much more. 

As a result of the upgrades, the following energy efficiencies were measured:

22% reduction in energy consumption

24% reduction in carbon emissions

53% reduction in water consumption

These energy efficient retrofits, together with a successful leasing program, repositioned the building to “best-in-class.” As a result, fund investors chose to maintain their ownership of this asset for the long term.