HVAC Modernization 2026
The Association has received a proposal from 3P Engineering LLC outlining a pathway for upgrades to the building's mechanical systems. 3P Engineering proposes a strategic approach with two main components:
- Design of an Upgraded HVAC System: Recognizing that the existing HVAC system is approaching the end of its lifespan, the proposal includes designing a new, more efficient system capable of providing separate heating and cooling to individual offices. This includes plans to replace air handling units and terminal units (diffusers and VAV boxes). This design would focus on user-friendly individual temperature control.
- Increased Efficiency and Improved Comfort: Upgrading the HVAC system could lead to lower energy costs and enhanced comfort for tenants and owners.
- Enhanced Property Value: Investing in modernized building systems can make the building more attractive and increase its overall value.
Special Assessment vs. Financing Options
This update provides critical details regarding proposed HVAC upgrades at 2525 Blueberry Office Condos, including a special assessment to fund a project with a projected cost range of $750,000 to $1,000,000, financing options, and the importance of this investment for long-term value.
We are actively working to refine the project scope and value of the design to stay below the budget target. To fund this project, a special assessment will be required from each property owner.
A detailed breakdown of the potential costs and how the budget will be allocated across the entire project (including design, materials, installation, and other associated costs) will be provided at the upcoming owner meeting. We will clearly communicate the factors that could influence the final project cost.
Exploring Financing Options:
We are exploring a potential financing option through the Commercial Property Assessed Clean Energy (CPACE) program, in partnership with Northrim Bank as well as other lenders.
Next Step:
Attending the Upcoming Owner Meeting
We urge you to attend the upcoming owner meeting. You can take an active role in protecting your asset, understanding the financial obligations, and shaping the future of 2525 Blueberry. At this meeting, we will provide:
- A detailed breakdown of the potential cost range of the project.
- Open forum to discuss any questions or concerns.
The success of any improvement plan depends on the input and support of all stakeholders. We encourage you to attend the upcoming meeting to voice your opinions, ask questions, and help shape the future of 2525 Blueberry Office Condos.
If you have any questions or concerns prior to the meeting, contact Wiley Brooks Company Ibc.
907-301-6485