The ViVa Center in Houston has been awarded the title of Best Green/LEED Development of the Year at the 2025 RedNews Houston Commercial Real Estate Awards. This honor highlights the centers innovative use of Commercial Property Assessed Clean Energy (C-PACE) financing, which is designed to support sustainable development. The recognition underscores the efforts made by the ViVa Center to implement eco-friendly practices and energy-efficient technologies in its operations.
Nuveen Green Capital, a frontrunner in sustainable commercial real estate financing, played a crucial role in the ViVa Center’s success. They partnered with Lone Star PACE, a leading administrator of Texass C-PACE program, to facilitate the financial model that made the centers green development possible. The C-PACE program allows property owners to finance energy efficiency and renewable energy projects through a voluntary assessment on their property tax bill, making it an appealing option for sustainable infrastructure projects.
The successful implementation of C-PACE financing at the ViVa Center serves as a model for future sustainable developments. It demonstrates how collaboration between financial and administrative entities can drive innovation in green building projects. The award reflects a growing trend in commercial real estate to prioritize environmental sustainability and energy efficiency, aligning with broader global efforts to combat climate change.