Cushman Wakefield Shopping Center Experiences 8 Month ROI
The West Gate Shopping Center in San Leandro, CA was originally built in the 1950s. When Chuck Champion took over as portfolio Manager, he drew on his 39 years of property management experience to identify problem areas and implement upgrades to get West Gate Shopping Center looking its best.
Along with the property, Chuck inherited an antiquated irrigation system including standard timer devices set on a 7-day watering schedule. The site’s attractive mix of shrubs and grass received plenty of water. In fact, the timers irrigated in any kind of weather, leading to water waste and potential liability caused by standing water and slick hardscapes.
Seeking to uncover hidden savings, Chuck invited the HydroPoint team to present an ROI projection based on an analysis of the West Gate site and current watering practices.
The HydroPoint water management experts suggested retrofitting the old timers with WeatherTRAK smart controllers, proven in over 20 independent studies to maximize water savings and plant health. Chuck was initially skeptical. How would watering less be better for his plants? Isn’t more better?
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The HydroPoint team explained that 80% of plant problems are caused by overwatering, and that 24,000+ customers use HydroPoint smart water management solutions to protect their landscape investments and reduce water bills.
After WeatherTRAK smart controllers were installed at 580,000 sq. ft. property, the landscape thrived. Chuck points to the bottom line gains: 8 months water savings 675,000 gallons, 60% outdoor water cost savings, less than a year on payback on HydroPoint hardware and services investment and 30% project hardscape lifespan extension.
Beyond reducing water costs, the West Gate Shopping Center avoids property damage caused by runoff flowing from overwatered landscapes. Leading to shallow pools of standing water, runoff wreaks havoc on parking lots and hardscapes. Champion can expect the lifespan of the site’s newly repaved parking lot to be 30% longer. Additionally, West Gate’s curb appeal attracts tenants and shoppers, driving revenue. Further, by eliminating chronic overwatering, the WeatherTRAK system also reduces slip-fall hazards.
The HydroPoint water management solution is both business and plant friendly, particularly in light of long-term water shortages and concerns about environmental damage caused by runoff. Overwatered landscapes are a primary culprit, and HydroPoint smart irrigation controllers are EPA-proven to reduce runoff pollution by 71%.
KEY BENEFITS
- Saved 675,000 gallons of water in the first eight months
- Reduced outdoor water expenses by 60%
- Extended the lifespan of the paved parking lot by 30%
- Experienced a payback of less than a year