Real Estate

A massive geothermal apartment complex is going up in Brooklyn

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On the edge of the East River in Brooklyn, the cranes haven’t arrived at the construction site yet. Instead, massive drills are scattered across the full city block, drilling 320 boreholes nearly 500 feet into the ground. When construction is completed in 2025, the site will house the largest residential apartment complex in the U.S. to be heated by geothermal energy.

Geothermal heating and cooling has been around for a while, but is generally used just on single houses or small buildings. Often, the geothermal system is not at the same location as the building. But Lendlease, an Australia-based developer, is now trying geothermal on a massive scale in Brooklyn in a test that could end up…



Source cnbc.com

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