Low Carbon Development in Downtown Las Vegas

“If this Las Vegas hotel can build Low Carbon, so can you.” This was the title of the presentation given by Tricia Baker, Senior Vice President, at the 2024 Getting to Zero Forum. The “Las Vegas hotel” in this talk is the multi-branded Symphony Park AC Hotel by Marriott & Element by Westin, to date the largest CIRRUS Low Carbon verified funding and largest C-PACE transaction in Nevada.

Owned and developed by Dallas-based firm JacksonShaw, the Symphony Park hotel is a five story 441 key hotel under the dual brands of AC by Marriott & AC by Marriott. The development is in Las Vegas’ Symphony Park, a redevelopment site in the heart of the city. PACE Equity is providing $40 million in funding for this project.

Located on 61 acres in the heart of downtown Las Vegas, Symphony Park is the city of Las Vegas’ premier development that is home to arts, culture, science and medicine. It offers one of the city’s most exciting and prime opportunities for retail, restaurant or mixed-use development.

Adjacent to World Market Center Las Vegas and The Expo at World Market Center, a new 315,000-square-foot exhibition facility; Las Vegas North Premium Outlets, a highly trafficked outlet shopping mall; and Molasky Corporate Center, a class-A LEED-certified office tower, Symphony Park is centrally located with easy access to U.S. 95 and Interstate 15.

CIRRUS Financing

The Symphony Park hotel received CIRRUS Low Carbon verification via the Performance Compliance Path. The Performance Path required an energy model to demonstrate a reduction in carbon emissions by more than 8% compared to a baseline performance model guided by ASHRAE 90.1 – 2016 Appendix G. Pursuing this approach to decarbonization allowed the developers to maintain key branding elements of the hotel such as decorative lighting while receiving recognition for the building’s overall low carbon design. Other compliance paths for CIRRUS Low Carbon are the Prescriptive Path and Third Party Certification Path. Verified third party certifications include Phius, Green Globes, HERS, and Journey to Net Zero.

With PACE Equity’s financing, the Symphony Park hotel is progressing and is on track to be the first hotel in the Symphony Park district of Las Vegas. The groundbreaking ceremony took place on January 25th and was attended by PACE Equity Managing Director Ron Adachi, responsible for originating the Symphony Park hotel opportunity.

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