Old Walls, New Uses
Publication Date:
December 18, 2009Written By:
Mariwyn EvansSource:
International Business Times Real EstateRead more...
Synopsis:
Adaptive reuse is a labor of love and Ms. Evans shows us the process necessary to find and promote the opportunity that an old building provides. While an old building can offer prime location, there are some potential issues you should be aware of prior to starting such a project: costs, permitting, environmental. There are three primary steps to follow before beginning. The first is to find an appropriate property; consider physical constraints, structural feasibility, marketability, code issues, and zoning requirements. The second is to determine the market needs and will that fit with the potential use of the building. The final element is funding (adaptive reuse projects are now easier to fund than new developments due to their potential for downtown revitalization).