Green Coast Enterprises LLC: Company Profile

Background

Mission and Vision

Green Coast Enterprises LLC (GCE) is dedicated to developing real estate and providing real estate services with a focus on urban and coastal areas in need of community renewal. The company aims to address community needs, including social inequity and economic stagnation, by fostering strong relationships with tenants and neighbors. GCE collaborates with public, private, nonprofit, and community organizations to achieve common goals.

Company History

Founded in 2007, GCE has developed over $200 million in real estate projects in New Orleans and certified over 3,000 housing units for green building certifications. The company's projects emphasize small businesses and local food and beverage operators, creating communities within properties that thrive through collaboration. GCE plans to expand its footprint beyond the New Orleans region and double its current holdings in the next three years.

Key Strategic Focus

Core Objectives and Specializations

GCE pursues opportunities that advance the triple bottom line of "people, planet, and profit," striving to increase economic vitality, environmental health, and social opportunity. The company specializes in:

Green Certification for Affordable Housing: Ensuring projects are energy-efficient, environmentally friendly, and on budget.

Energy Management for Large Commercial Owners: Improving indoor environmental quality while reducing energy use, utility costs, and HVAC system wear.

Hospitality Consulting: Curating mixed-use, energy-efficient food and beverage, retail, and service venues in underdeveloped communities.

Utility Program Implementation: Providing technical and marketing expertise for commercial utility energy efficiency programs.

Retro-commissioning: Reviewing and optimizing building systems to ensure peak efficiency.

Primary Markets

GCE focuses on urban and coastal areas requiring community renewal, with a significant presence in New Orleans and plans for regional expansion.

Financials and Funding

Revenue and Employee Data

GCE's estimated annual revenue is approximately $4 million, with an estimated revenue per employee of $120,000. The company employs around 33 individuals.

Pipeline Development

Key Projects

The New Orleans Homeownership Center: Located at 4528 Freret Street, this project offers 14,000 square feet of office and retail space, with plans for new studio, one, and two-bedroom condominiums.

Pythian Market: A food hall and gathering space in Downtown New Orleans, featuring local food purveyors, a fast craft bar, and curated retail vendors.

Community Green @ Washington & Broad: Rehabilitation of five historic buildings to revitalize the South Broad community post-Hurricane Katrina.

The Greenway Apartments: New one-bedroom apartments in the Mid-City neighborhood, directly off the Lafitte Greenway.

Technological Platform and Innovation

Proprietary Technologies and Scientific Methods

GCE employs advanced energy management systems and retro-commissioning techniques to optimize building performance. The company utilizes green certification processes to ensure environmental sustainability in its projects.

Leadership Team

Jackie Dadakis, Chief Executive Officer: Joined GCE in 2013 to launch GCE Services; became CEO in 2020. Recognized in The Gambit's 40 under 40 and New Orleans Magazine's People to Watch.

William B. Bradshaw II, Chairman: Co-founder of GCE; recognized as an Echoing Green fellow and one of Fast Company's "10 Coolest Innovators Rebuilding New Orleans."

Alexander Kelso Jr, Principal: Joined GCE as a Principal in 2010; previously a management consultant for 25 years in Cambridge, Massachusetts.

Sarah Brichetto, Chief Operating Officer: Provides accounting and financial reporting support; previously worked for Ernst & Young, LLP.

Joe Ryan, Vice President, GCE Services: Oversees Energy Management, Retro-commissioning, Construction Management, and Green Certifications; over 25 years of experience in renewable energy and energy efficiency.

Rafe Rabalais, Vice President, Real Estate Development: Manages all aspects of the development team; nearly 20 years of experience in real estate development, housing, and urban planning.

Gina LaMacchia, Director of Real Estate: LEED AP with expertise in Building Design and Construction; managed development and construction projects ranging from single-family houses to large mixed-use multifamily buildings.

Stephanie Mezynski, Director of Construction Management: Leads sustainability and green building consulting work; previously a Partner with the ReGen group.

John Eskew, Director of Utility Programs: Completed requirements for FORTIFIED roofing system evaluator; over 7 years as a Cost Estimator in commercial general contracting.

Michael Wong, Director of Retro-commissioning: Specializes in energy modeling to optimize energy efficiency improvements; previously worked as an engineer at Entergy.

Jared Sessum, Commercial Energy Manager: Provides energy consulting services to reduce operational costs and improve environmental performance; experience in ENERGY STAR and LEED certification.

Shelley Flick, Manager of Finance and Operations: Assists in monthly reporting and administration duties; background in the hospitality industry.

Brandon Brown, Food and Beverage Operations Manager: Specializes in high-end and casual food and beverage operations; over 20 years of experience in hospitality management.

Andre Eble, Green Certification Manager: Certified HERS rater and Energy Star V3.0 verifier; joined GCE in 2018.

Jake Ponseti, Energy Management Specialist: Works on outreach and field support for energy efficiency programs; background in sustainable real estate and green energy industries.

Leadership Changes

In 2020, Jackie Dadakis succeeded William B. Bradshaw II as CEO. Bradshaw continues to serve as Chairman.

Competitor Profile

Market Insights and Dynamics

The real estate development industry, particularly in urban renewal and sustainable building, is experiencing growth due to increasing demand for energy-efficient and community-focused projects.

Competitor Analysis

GCE's competitors include other real estate development firms focusing on sustainable and community-oriented projects. Specific competitors are not detailed in the available information.

Strategic Collaborations and Partnerships

GCE collaborates with public, private, nonprofit, and community organizations to further common goals in community renewal and sustainable development.

Operational Insights

GCE's emphasis on the triple bottom line—people, planet, and profit—distinguishes it in the real estate development industry. The company's focus on energy efficiency, community engagement, and sustainable practices provides a competitive advantage.

Strategic Opportunities and Future Directions

GCE plans to expand its footprint beyond the New Orleans region and double its current holdings in the next three years. The company's commitment to sustainable development and community renewal positions it well for future growth.