REVITALIZING, REBUILDING & REPURPOSING

THE BENEFITS AND TECHNIQUES TO MAKE IT HAPPEN

Johnny Noon, NAR’s director of Engagement/Commercial, said adaptive reuse is a hot topic among members, as is the lobbying for more tax credits to support the challenges of such redevelopment.

“Conversion of an old office building into residential can be expensive. 

Residential has different infrastructure, such as plumbing, HVAC, and electrical systems,” he said. 

“But this can be a way of creating more housing. 

I’ve even seen old motor lodges converted for senior living.

There is demand for repurposing structures.”