REVITALIZING, REBUILDING & REPURPOSING

THE BENEFITS AND TECHNIQUES TO MAKE IT HAPPEN

“The key to effective historic renovation is state and federal historic tax credits. 

There’s a misconception that historic renovation should be cheaper than new construction,” Michael Mouron, founder of Capstone Real Estate, said. 

“People say ‘you have a building already, why would it be so expensive?’ 

Renovation certainly can be less expensive, but if you’re really trying to do first-class historic renovation using matching materials, such as granite beveled stone; drilling through a federal bank vault; preserving huge windows; putting in HVAC to heat and cool 20-foot-tall rooms, not 8-foot ones — it’s going to be expensive.”