Overstock.com Global Headquarters Awarded Prestigious LEED Gold Certification
June 15 2017 - 12:00PM
Overstock.com, Inc. (NASDAQ:OSTK) announced today that Peace
Coliseum, its Utah-based global headquarters, has been awarded LEED
Gold Certification. The LEED (Leadership in Energy and
Environmental Design) rating system, developed by the U.S. Green
Building Council (USGBC), is the foremost program for buildings,
homes and communities that are designed, constructed, maintained
and operated for improved environmental and human health
performance.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/29a16f2d-ecf8-4e4e-aac6-231f05a2fac7
Peace Coliseum achieved LEED certification for implementing
practical and measurable strategies and solutions aimed at
achieving high performance in: sustainable site development, water
savings, energy efficiency, materials selection and indoor
environmental quality.
“We’re proud Peace Coliseum is the latest LEED Gold Certified
building on the Wasatch front,” said Overstock.com Senior Vice
President Carter Lee. “Sustainability was not an afterthought on
this project; it was a major goal from day one, and I’m proud to
say we’ve built an environmentally responsible corporate campus
that rivals anything else in Silicon Slopes.”
The building is capable of housing up to 2,000 associates in an
open, welcoming space that sparks creativity, innovation and
collaboration. This 231,000-square-foot structure resembles a
classic Roman coliseum from the ground and the iconic peace symbol
from the air. Travelers flying into Salt Lake City can see the
peace sign embedded in the design from a window seat.
“From day one of designing our campus, it was imperative that
Peace Coliseum reflected our company’s vibrant and innovative
culture, and our commitment to a healthy and sustainable
workplace,” said Meghan Tuohig, Overstock’s VP of People Care and
head of the Peace Coliseum design project. “This LEED Gold
Certification demonstrates our focus on environmental
stewardship.”
Overstock worked with several Salt Lake City-based companies for
the project, including: Gardner Company, which handled the real
estate development; EDA Architects Inc., which was responsible for
the iconic design of Peace Coliseum and submission for LEED
certification; and Okland Construction, which brought the planned
design to life.
“Achieving LEED certification is more than implementing
sustainable practices. It represents a commitment to making the
world a better place and influencing others to do better,” said
Mahesh Ramanujam, president and CEO, USGBC. "Given the
extraordinary importance of climate protection and the central role
of the building industry in that effort, Overstock.com demonstrates
their leadership through their LEED certification of Peace
Coliseum.”
Attributes of the building that contributed to the LEED Gold
Certification include:
- The selection of a former EPA Superfund site as the location
for the building;
- Installation of View Dynamic Glass, which significantly reduces
energy costs and improves employee comfort by automatically tinting
based on the sun's orientation, time of year, and local weather
conditions;
- A heating and cooling system that uses Variable Refrigerant
Flow technology that transfers heat energy created from the onsite
data center to heat the building, resulting in energy usage 33%
lower than the average comparable building;
- Water-saving plumbing fixtures that will provide a 35%
reduction in potable water use, which totals approximately 778,640
gallons saved per year;
- Fresh air intake monitoring system that maintains an optimal
CO2 balance;
- Harvesting and manufacturing nearly one third of the
construction materials from within 500 miles of Peace Coliseum,
including over 14,000 cubic yards of locally-sourced concrete;
- Sourcing nearly one quarter of construction materials from
recycled components;
- Adjacency to the UTA Trax commuter rail and other public
transportation.
About Overstock.com
Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A
Preferred (Medici Ventures’ t0 platform:OSTKP) / Series B Preferred
(OTCQB:OSTBP) is an online retailer based in Salt Lake City, Utah
that sells a broad range of products at low prices, including
furniture, décor, rugs, bedding, and home improvement. In addition
to home goods, Overstock.com offers a variety of products including
jewelry, electronics, apparel, and more, as well as a marketplace
providing customers access to hundreds of thousands of products
from third-party sellers. Additional stores include Worldstock.com,
dedicated to selling artisan-crafted products from around the
world. Forbes ranked Overstock in its list of the Top 100 Most
Trustworthy Companies in 2014. Overstock regularly posts
information about the company and other related matters under
Investor Relations on its website, http://www.overstock.com.
O, Overstock.com, O.com, O.co, Club O, Main Street
Revolution, Worldstock and OVillage are registered
trademarks of Overstock.com, Inc. O.biz and
Space Shift are also trademarks of Overstock.com, Inc.
Other service marks, trademarks and trade names which may be
referred to herein are the property of their respective
owners.
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements include all statements other than
statements of historical fact. Additional information
regarding factors that could materially affect results and the
accuracy of the forward-looking statements contained herein may be
found in the Company's Form 10-K for the quarter ended December 31,
2016, which was filed with the SEC on March 3, 2017, and any
subsequent filings with the SEC.
Media Contact:
Mark Delcorps, Overstock.com, Inc.
+1 (801) 947-3564
pr@overstock.com
Investor Contact:
ir@overstock.com
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