DALLAS, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Lone Star PACE, a leading administrator of Texas' Property Assessed Clean Energy program, today announced it facilitated $27M in retroactive C-PACE financing for the award-winning HALL Arts Hotel in the Dallas Arts District.
Financing proceeds will recapitalize previously installed sustainable upgrades that save energy and water, including improvements to the building's envelope, electrical, lighting, HVAC and plumbing systems.
Lee McCormick, president of Lone Star PACE, said: "It was an honor to partner with HALL Group on this groundbreaking luxury hotel in Downtown Dallas' burgeoning Arts District. Retroactive C-PACE financing is the perfect complement to projects that aim to advance sustainable development without sacrificing returns in the process."
C-PACE helps reduce energy and water consumption at commercial and industrial buildings by providing low-cost, long-term, fixed-rate financing for sustainable upgrades. Property owners can use C-PACE to ...
