Facilities Dive
Summary
It took developer LCOR a stack of incentives to bring down the cost of a geothermal system it installed in a mixed-use project it completed in 2024. But now the company can expect energy and system maintenance costs to be far lower in the years ahead, say the energy specialists who worked with LCOR on the project.
LCOR’s 1515 Surf Avenue on Coney Island in Brooklyn is the largest district geothermal project in New York City. According to Mehta, it shows how it’s possible to install a major geothermal system in a dense urban environment.
The 400,000-square-foot project includes retail and other commercial space and more than 460 residential units, about a quarter of which are for lower-income households. New York City classifies the geothermal system as a district project because the property is divided into two buildings.
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