Federal Realty Investment Trust, FRT (NYSE)
Project: Santana Row, San Jose, CA
Santana Row is an outdoor shopping mall in San Jose, California. Development began in 2001 as a $450 million, 42-acre retail and residential “village within a city”. It has come to be regarded as one of the most successful examples of a Mixed-Use development in the country. At Santana Row, EMS is responsible for a wide variety of meters in order to recover utility costs for several different entities. At this single project, EMS manages submeters for electric, gas, hot and cold domestic water, and central plant HVAC. The entity mix includes Federal Realty Investment Trust, several condominium associations, a hotel, and a master association.