THE BENEFITS AND TECHNIQUES TO MAKE IT HAPPEN
K.C. Conway, Real Estate Economist and Futurist and principal of Red Shoe Economics, who maintains a database of 40,000 adaptive reuse projects and speaks nationally on the subject.
He said game-changing adaptive reuse could be as simple as a city
tearing down old, single-use parking decks and replacing them with slightly
taller projects that have ground floor retail, a few levels of structured
parking plus residential floors and a roof garden accessible to the public.
“What e-commerce did to retail, remote work is doing to office buildings. But there are challenges.
Depending on the office building vintage, you can’t punch holes in the floor to put in more plumbing,” he said.
“Some are too big to create residences because interiors wouldn’t have natural light.
Some are located in areas not attractive to residential.”
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