(NYTIMES) - When the developer Lendlease opens its US$600 million (S$816 million) residential and office complex in Los Angeles, expected in 2025, the site will have the typical hallmarks of sustainable development: proximity to a light-rail stop, an all-electric residential tower, solar panels and a pedestrian plaza.
But such features are considered commonplace these days. What makes this development more striking is how sustainability is not simply an amenity or signifier of corporate responsibility but a core feature of its financing plan.
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