The $100 million Waterloo House project, which is halfway completed, is 90 percent rented, say the developers.CdB Limited, which operates on behalf of the Green family who purchased the site, said the signed tenants include a mixture of current Bermuda companies and those new to the Island.The Green family owns investment company Berco and has supported several projects on the Island.The Pitts Bay Road project, on the site of the former Waterloo Hotel, comprises nearly 90,000 square feet of office space and seven penthouse apartments. The five-storey building will also offer underground parking and eight new boat moorings in the harbour directly in front of the building.The residential apartments, with an average size of 2,863 square feet, will be released onto the long-term rental market over the next few months, in advance of summer/Autumn 2013 occupancy.The top floor will house a residents’ lounge and roof terrace, which will incorporate fitness, kitchen and barbecue facilities.According to the developers, the project remains on schedule and within budget“We are delighted with the progress at Waterloo House,” said Alexander and Andrew Green. “To have leased most of the available space well before completion is testimony to the fact that there is still an active market in Bermuda for high quality property. The support we have received locally to date has been excellent for what we believe to be a real success story for Bermuda. This investment shows our confidence in the future for the Island and one that we hope will encourage further investment into Bermuda.”The developers say the project is being built with environmentally friendly elements, including special glazing to reduce solar heat gain and maximise thermal efficiencies, underfloor air conditioning distribution to reduce energy consumption, a daylight harvesting lighting system and solar power water heating for the residential component.A modern Bermuda pitched roof and ‘green walls’ of vines will tie the building in with its natural waterfront setting and surrounding buildings. The entry court will feature a nautical themed art installation, designed by local artist Will Collieson.Waterloo House is on schedule to be completed by August 2013 and was designed by Botelhowood Architects, a 2012 Bottom Line Small Business Award winner.