Westin - Milwaukee Becomes First to Use PACE in Ground Up Development & Hospitality
Westin - Milwaukee Becomes First to Use PACE in Ground Up Development & Hospitality
2 PagesCASE STUDY 855.378.0858 pace-equity.com 1 The First New Construction PACE Project SAVINGS The PACE Equity Funded Improvements Include: • HVAC • Hot Water Heating • Windows • Controls Westin - Milwaukee Becomes First to Use PACE in Ground Up Development & Hospitality “PACE Equity provided high value to our capital stack and enabled this project to get off the ground. Additionally, PACE financing provided us the opportunity to apply smart building decisions and reduce energy use.” Doug Nysse, Project Developer Savings of $1.39 PSF or 44% over code were quantified by PACE Equity. The developers of the Westin Hotel in Milwaukee opted to incorporate PACE Equity funds into the project’s capital stack. When the project broke ground in 2016, it marked the first time that a new developmen
