The rise in office vacancies is fueling a boom in adaptive reuse projects.
In a guest article in D Magazine, Jason Weeks describes several major adaptive reuse projects making headway in Dallas. “As D CEO reported last year, downtown Dallas has seen about 20,000 multifamily units added in the past 25 years. That trend continues, and the growth will be in part due to office towers being redeveloped.”
As Weeks explains, “a building’s structure and skin are among a construction project’s highest costs, often accounting for a third of a project’s construction budget. Adaptive reuse projects help mitigate, or even eliminate, this expense, depending on the condition of existing elements and the changes a developer opts to make.”
Additionally, Weeks writes, existing buildings provide a safer workplace for construction workers and reduce delays caused by weather. Office buildings offer higher ceilings, more elevators, and other features that give architects more flexibility in repurposing the space.
FULL STORY: Three Benefits of Adaptive Reuse Projects
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