Enwave Chicago To Cool 601W’s Old Main Post Office

Iconic building is latest addition to Enwave Chicago’s customer list

CHICAGO–(BUSINESS WIRE)–Enwave North America (Enwave) and The 601W Companies (601W) are
partnering to cool Chicago’s iconic old main post office – The
Post Office – using North America’s largest ice battery and
chilled-water distribution system.

Building owner 601W is currently redeveloping the 2.8
million-square-foot downtown property. 601W’s energy partner, Enwave,
will extend its chilled-water system to serve the 1920s-era structure,
located above the Eisenhower Expressway next to the Chicago River.

“Working with Enwave provides owners and future tenants with a number of
advantages, including a higher level of reliability and redundancy that
would be difficult to achieve solely using on-site chillers,” notes Greg
Prather, senior vice president and director of development at JLL,
which is managing the project. “Additionally, there are a number of
architectural benefits as we eliminate the need for cooling towers,
allowing for larger and more pleasant outdoor spaces for tenants.”

“601W has exciting plans for The Post Office that will likely stimulate
additional development in the area,” says Jim Rylowicz, Enwave
Chicago’s business development manager. “By extending our pipeline,
we’re investing in the area’s growth and giving developers and owners an
opportunity to reduce capital costs while also reducing their carbon
footprint and freshwater consumption.”

New York-based 601W recently began transforming the vacant
two-block-long building into a premier riverside destination with a
vital mix of Class A office space and amenities. Enwave Chicago will
phase in chilled-water service to the building starting in spring 2018,
with full service projected by spring 2019 when the JLL-managed property
opens to tenants.

Enwave Chicago serves 48 million square feet of building space from five
interconnected plants in Chicago’s Loop, West Loop, South Loop and River
North using “ice battery” technology. The company produces ice at
night during off-peak electricity hours. The ice is stored and then
allowed to melt slowly the next day to meet customers’ chilled-water
demand. This reduces stress on the electricity grid and lowers the
company’s carbon footprint.

About Enwave North America. Enwave
owns and operates 12 district energy systems in the U.S. and Canada:
Chicago; Houston; Las Vegas (2); Los Angeles; New Orleans; Portland,
Ore.; Seattle; Toronto, London and Windsor, Ont.; and Charlottetown,
PEI. In each community, the company operates highly efficient thermal
energy plants that distribute chilled water, hot water and/or steam to
customer buildings.

About The 601W Companies. The principals of 601W
oversee one of America’s leading private real estate acquisition,
ownership, development and management portfolios in the country. Over
the past 25 years, 601W has acquired substantial and well-known
commercial properties throughout the country, aggregating 45 million
square feet, with a collective value in excess of $8 billion. In
relation to these deals, 601W has raised more than $2 billion in equity,
mostly from longstanding investors, and has consummated transactions
involving major office buildings, including 12 in Manhattan.

Contacts

Enwave Chicago
Jim Rylowicz, 312-447-1600 x 17
Business
Development Manager
[email protected]