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Photo Credit: L+M Development, Hahne’s

HOBE SOUND, FL – Champion Utility Billing Services, a Florida-based company that specializes in advanced sub-metering technology and billing services for utility energy management, sub-meters the historic and redeveloped, Hahne and Company in Newark, N.J.

Awarded by L+M Development Partners, an innovator in developing quality affordable, mixed-income and market rate housing, Hahne, is a 400,000 square-foot building that has been a real estate landmark in the heart of Newark for generations. But for more than 25 years, the once burgeoning department store has been vacant.

That is, until 2016.

Thanks to collaborative efforts of L+M, and the private and public sector, it has now been revitalized into a mixed-use and mixed-income development.

L+M and partners have restored the iconic building to feature an arts and cultural center, which is operated by Rutgers University-Newark, a restaurant from Chef Marcus Sameulsson, and around 75,000 square feet of new retail space on Broad Street, including Newark’s first Whole Foods, Barnes & Noble, CityMD, Petco, and more. It also includes 160 new apartments, 64 of which are set aside as affordable homes for low-income and working families.

And by sub-metering Hahne’s commercial tenants and the building’s centralized plant for its water and BTU usage, Champion is now providing this thriving development and its diverse tenants individualized utility billing.

The demand for walkable, livable, 24/7-style projects are sprouting all around the country. Downtown Newark is no exception. And with the opening of Prudential Insurance’s new 20-story office building and the city’s restoration of Military Park, which are both located across the street from the project, Hahne presented the perfect opportunity for L+M Development and its partners to create a unique destination for the community to come together.

By connecting the nostalgia of the past with the cutting-edge possibilities of the future, Hahne’s redevelopment is at the forefront of construction. And by providing utility billing, energy benchmarking, cost recovery and analysis, Champion is honored to be a part of this innovative ride.

To learn more about Hahne’s, visit: http://www.livehahne.com/

About L+M Development Partners

Since its inception in 1984, L+M Development Partners, Inc. has been an innovator in developing quality affordable, mixed-income and market rate housing, while improving the neighborhoods in which it works. A full-service firm, L+M works from conception to completion, handling development, investment, construction and management with creativity that leads the industry. L+M is responsible for more than $7 billion in development and investment, and has acquired, built or preserved more than 22,000 high-quality residential units in New York’s tristate area, the West Coast and Gulf Coast regions. L+M is a double bottom line company, where its success is measured not only in financial returns but also by positive impacts. For more information, please visit: https://lmdevpartners.com/.

About Champion Utility Billing Services:

Champion a Florida-based company – was founded with the goal of bringing an unprecedented level of quality customer service to its clients. With more than 40 years of combined experience in the sub-metering industry, Champion caters to developers, builders, owners and property management companies alike, and projects include commercial/industrial, mixed-use and multi-tenant properties. With more than $10 billion in real estate sub-metered, Champion develops a customized utility energy management solution that will guard utility resources and give clients a competitive edge. From equipment installation, retrofits and equipment service to advance sub-metering technology, personalized customer service and billing services, Champion prides itself on providing a turn-key sub-metering package to fit your overall utility energy management needs. For more information, please visit https://www.championutility.com


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