HOBE SOUND, FL – Champion Utility officially completes the sub-metering equipment installation at a Russo Development property in the heart of Bergen County, NJ., known as Vermella Lyndhurst.
The 296-unit apartment community is a newly-constructed property comprised of four buildings that were released in phases. So even though Champion began the installation process back in April 2013, it successfully completed the last install in August 2014.
“I visited this beautiful site… Truly spectacular,” Charles Bianco, president and founder, says of Vermella Lyndhurst.
Since the New Jersey Board of Public Utilities’ approval of water sub-metering in new residential apartment buildings back in August 2011, Champion Utility has seen an increase in sub-metering activity. And rightly so.
More and more companies are realizing the value behind sub-metering: It’s a financially-savvy opportunity that recaptures utility costs, encourages conservation and improves NOI.