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BUILDER INCENTIVE PROGRAM OFFSETS CONVERSION COSTS

BUILDER INCENTIVE PROGRAM OFFSETS CONVERSION COSTS

Customer Story: Federal Capital Partners

Condo and Apartment Buildings

Location: Forestville, MD

 

Headquartered in Chevy Chase, Maryland, real estate investment company Federal Capital Partners contacted Washington Gas to take advantage of our new builder incentive program, the Maryland Multifamily Piping Program (MMFPP), for its Walker Mill Apartments conversion project. The MMFPP allows Washington Gas to pay a contribution toward houseline installation costs for builders, developers or owners that choose to build or convert and existing condo or apartment complexes to individually metered natural gas units in Maryland.

 

Challenge

Federal Capital Partners had a very short project schedule and required coordination among several different contractor trades. We needed to partner with Federal Capital Partners’ project manager, subcontractor Northern Pipeline (NPL), and Western Shores to create an integrated project timeline.

 

Solution

Washington Gas increased daily communication, collaboration and personnel in various departments to ensure a timely project completion.

Results

Federal Capital Partners will be using the MMFPP to offset the first costs of converting the 366 garden-style-unit complex to natural gas for cooking, heating and water heating. Adding individually metered natural gas not only increases value to the property but also encourages energy savings for tenants. Residents of the updated Walker Mill Apartments will take advantage of lower utility bills and increased comfort and convenience.

 

Testimonial 

"Federal Capital Partners incorporated natural gas into Walker Mill’s business plan at acquisition. Adding natural gas to each of the 366 apartment units allowed us to take the central plants offline, bringing significant savings. Washington Gas understood our plan from the beginning, acting as a partner throughout the process responding to any challenges to make the project a success. We’re extremely pleased with the outcome and are excited to work with Washington Gas and the MMFPP in the future."

- Chris LoSapio, VP, Asset Management of Federal Capital Partners

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