Green design defines the project inside and out. The latest building and sustainability engineering is being utilized to ensure that this project is built and operated in a way that is environmentally responsible.
- By deconstructing the building instead of imploding or demolishing it, many of the materials from the old building—steel, concrete—will be recycled. The result is nearly $4 million in recycling revenue that can be returned to the project.
- Construction will focus on green building techniques and materials, which will allow the building to achieve LEED Gold certification.
- Innovative lighting and climate systems will significantly reduce overall energy consumption.
Hanjin International Corporation, a sole owner of Wilshire Grand Center in downtown Los Angeles, issued $300 million in green notes in September 2017. Proceeds raised by Hanjin International Corporation was used to retire short-term construction financing for the Wilshire Grand Center. The floating rate 3-year notes are due in 2020.