Margarite: Sustainability

Margarite is a LEED Silver, Class-A, multifamily rental development comprising 260 units, 29 of which are below market rate. Located in Washington, D.C.'s vibrant Union Market, residents have direct access to transit, an expansive amenity package including a third floor garden and fitness center, and over 50% of units include private outdoor space. 

Grosvenor's 2030 Net Zero Carbon Buildings Commitment (WGBC)

Margarite will meet Grosvenor's 2030 Commitment to achieve Net Zero Operational Carbon through solar panel arrays, electric vehicle charging stations, and energy efficient systems designed to reduce electricity and gas consumption. In addition, we will purchase a small amount of carbon credits to meet the requirement.

"A proactive approach to environmental and social sustainability is embedded within the Margarite project."

Tanja Milosevic, Associate Vice President, Sustainability

Environmental - committed to net zero

Energy offset by solar
(%)

2

Bicycle parking spaces
(hidden)

135

Parking ratio
(%)

62

Environmental highlights

Energy & connectivity

  • Designed to LEED Silver
  • Solar panels will provide an energy offset of 2%
  • Locally sourced and recycled construction materials reduce embodied carbon and contribute to a circular economy (71% materials recycled between 2021 - 2022, and 87% between 2022 - 2023)
  • Three Electric Vehicle charging stations on site that serve a total of six cars at a time
  • WiredScore Platinum Certified

Thoughtful design

  • Energy efficient systems and design integration reduces annual electricity consumption by 31% and natural gas consumption by 15% from industry baseline values
  • Noise and light pollution mitigation efforts include overhead tree landscaping and covers
  • Low reflective glass offsets energy usage
  • Access to light – the property includes a 60% glazing ratio

Biodiversity & landscape 

  • Comprehensive on site storm water management system
  • Landscaping includes North American native plants focused on pollinator-friendly D.C. and Mid-Atlantic species
  • Extensive green roofs reduce water runoff and mitigate the urban heat island effect while acting as a habitat for pollinators
  • Private outdoor space in over 50% of units, offering residents the option to pursue gardening

Transit-oriented development

  • 135 secured bicycle parking spaces available to residents
  • Additional outdoor bicycle racks capable of accommodating up to 16 bikes on the perimeter of Neal Place Park
  • 5 minute walk to NoMa-Gallaudet Red Line Metro Station and less than a mile from Union Station
  • 62% parking ratio (the proportion of apartments that come with a parking space) 

Social

Non-market rental
(homes)

29

Bike/transit gift cards
($)

200

Units feature outdoor space
(hidden)

145

Social impact

Housing

  • 29 Inclusionary Zoning (IZ) units, representing 11% of the units, promotes affordable housing options in Union Market

Community

  • $200 worth of Capital Bike Share and SmarTrip gift card for new residents
  • Contribution towards Capital Bike Share installation 
  • Public bike repair station
  • Transit screen in lobby
  • Apprenticeship Program for small, minority owned businesses during construction and operation
  • Third floor garden and Neal Place Park offer relaxation opportunities to residents, promoting mental health and wellness

Arts & Culture

  • Local artworks feature within Margarite 

Governance

2023 GRESB results
(Stars)

4

GRESB Development*
(Ranking)

2

Above peer average
(Points)

14

Governance at Grosvenor

Environmental objectives in North America


  • 2030 WGBC Zero Carbon Buildings Commitment 
  • 4-stars 2023 GRESB Development Benchmark Results 
  • 91/100 Overall Development ranking (14 points above industry peer average of 77)
  • *2nd Ranking for GRESB Development Score within Americas/Non-listed/Core/Closed end (within peer group)
  • Sustainable Supply Chain Principles offer guidance for Net Zero Carbon, Sustainable Buildings, Sustainable Businesses and Communities, Health & Wellbeing, and Nature & Biodiversity objectives


Certain information contained in this page, including, but not limited to, the environment, social and governance targets set within, are forward-looking statements regarding Grosvenor’s goals and objectives, and are based on current expectations, assumptions, estimates, projections, opinions and beliefs. Forward-looking statements are inherently uncertain, and actual results may differ materially from those reflected within. Grosvenor does not assume any obligation to update such information, whether as a result of new information, future developments or otherwise, except as required by law. 

April 2024.

Group 2