"Adaptive reuse" refers to the practice of taking an old or existing building or structure and repurposing it for a new and different use, instead of demolishing it. It involves creatively transforming the space to serve a new function while preserving its historical and architectural value.
Full definition
Not everyone has the eye or the interest to sell or
develop adaptive reuse, but if you're passionate about it, it's a labor of love.
Also, it should be noted there is a concurrent rise in projects that never came before the IDA for incentives of any kind, including, but not limited to, 3M's Tonawanda Plant Expansion, the current phase of
adaptive reuse of One Seneca Tower, the AM&A's Building, the A&P Warehouse, the Hi - Temp Fabrication Reuse and many others.
The agency typically looks
for adaptive reuse projects to yield returns in the 10 percent to 12 percent range after incentives are factored in, so the estimated returns on the Christian Science Reading Room renovation would be two to nearly three times higher than that target level if the tax breaks were approved.
The Buffalo Urban Development Corporation has received a second round of funding to help small and mid-sized developers working
on adaptive reuse projects.
There's the fast - growing Generator, with 14 properties across Europe, many
in adaptive reuse buildings; Wombats in such central cities as Berlin and Vienna; Clink in London and Amsterdam; and Meininger, an arm of the luxury travel operator Cox & Kings.
Under his leadership, the ECIDA also launched a minority entrepreneurship loan / scholarship program aimed at creating entrepreneur opportunity in the minority community, oversaw creation of a venture fund that targets early - stage investment in the technology sector, and helped shape the organization's
adaptive reuse policy.
«In the old market area of Omaha, its historic district has undergone ancillary development
with adaptive reuse of old buildings, as well as razing of buildings and rebuilding of those with communal space,» Hoffman says.
Based on Yardi Matrix data, the list below includes the largest residential properties in the U.S. that went
through adaptive reuses without losing their historical value.
Distinct from recycling, reprocessing, and rehabbing,
adaptive reuse doesn't run materials through the consumer mill again.
Actions by the ECIDA and RDC boards will support a range of developments, ranging
from adaptive reuse of the historic Lafayette Hotel and Calumet Building in downtown Buffalo, to construction of a new parking ramp for the Buffalo Niagara Medical Campus, and major projects on the Canisius and Medaille College campuses.
Bethune Lofts is a historic building, and in the process of
adaptive reuse much care has been taken to retain the historic charm.
Mass MoCA breathes new life into a 17 - acre industrial complex built in the late 1800s with this
pioneering adaptive reuse project.
Most of these projects do
involve adaptive reuse of historic or obsolete office and industrial structures, of which the largest to open so far is Kor Realty Group's Pegasus.
Just compare this recent project at Yorkdale Shooping Centre, which won our 2013 SAID Award for
best adaptive reuse of a big - box space, with this...
«There's no
bigger adaptive reuse project in the city right now,» says Andrew Kimball, Industry City's chief executive.
«It just goes to show that we are looking at
adaptive reuse outside the city,» said Erie County Executive Mark Poloncarz, an IDA board member.
Yet another
housing adaptive reuse project has had a ribbon - cutting, appropriately in a former mattress factory in Hamlin Park.
Also at 10:30 a.m., Rep. Brian Higgins, economic development leaders, preservationists and others
advancing adaptive reuse of WNY's historic properties, will come together to stress the critical importance of maintaining federal Historic Tax Credits, Shea's Seneca, 2178 Seneca St., South Buffalo.
January 11, 2010 - Buffalo, NY - The Erie County Industrial Development Agency Board of Directors today approved a pair of tax abatement packages that will lead to $ 76.6 million in
adaptive reuse investments.
Howard Zemsky, Chairman of the Richard Center Corporation board, who also is a member of the ECIDA board, abstained from the unanimous vote, but thanked his fellow board members for supporting the high -
profile adaptive reuse project.
The Bakken features many sustainability and science - oriented displays, such as Electrifying Minnesota, an interactive exhibit that helps kids learn about electricity and conservation, and the Inventor's Club, where students reinvent machines such as record players and other old equipment into new tools as a way of harnessing creativity and enhancing interest in science through learning
about adaptive reuse.
Frederick Fisher and Partners
Led Adaptive Reuse Project on a cultural monument in the Historic Byzantine - Latino Quarter
The deal includes acquiring a 30 per cent stake in the company and investing in real estate acquisitions for new build, hotel conversion and
adaptive reuse properties as Yotel expands its international scale.
The residential - style, waterfront hotel opened in 2008 and is set within a cluster of circa - 1890s buildings from the old Ghirardelli chocolate factory — one of the country's
first adaptive reuse projects in the 1960s.
The former represents the
largest adaptive reuse project in Atlanta history, transforming the circa - 1926 Sears, Roebuck & Company building into 300,000 square feet of office, residential, retail, and restaurant space.
Adaptive reuses like those at Fort Baker, have raised some controversy from concerns about the historical integrity of these buildings, after extensive renovations and whether such alterations fall within the spirit and / or the letter of the preservation laws they are protected by.
For this
extensive adaptive reuse project, the Gettys BLU team leveraged their collective experience and expertise to convert an existing office building into a luxury hotel in the heart of Riyadh's growing Financial District.
Owned and developed by True Blue Development, a division of the Tau Capital Group of Companies, Kimpton Kawana Bay Resort will be developed as a
partial adaptive reuse with new build expansion.
Envisioned as a «sun - and - water temple,» Matta - Clark's attempt at reclaiming an unused plot of land as a public park was
adaptive reuse before the term went mainstream, guerrilla urbanism done literally under threat of arrest, meant to expose the hypocrisy of keeping the waterfront inaccessible to the public.
Another instance of
creative adaptive reuse, where a decommissioned Sea King is transformed into a deluxe mini-hotel.
Arch Nexus SAC, an 8,252
SF adaptive reuse project, features 15 salvaged materials, or one for every 550 SF of space (far below the imperative requirement of 500 SM or 5,382 SF).
Toronto author and flâneur Shawn Micallef is in Cartagena, Colombia on vacation, and tweets about this
interesting adaptive reuse of an old Volkswagen T1 microbus.
It's the first LEED Platinum project in Louisville and the first LEED
certified adaptive reuse project in the entire state.
With ACO's moral and vocal support, this passionate pilot and developer used his special skills to develop an
imaginative adaptive reuse plan that would have saved the historic buildings - one that just missed being implemented.
Other
unique adaptive reuse projects include a car wash that became an oil - changing center in Monument, Colo.; a mall that turned into a museum in Augusta, Ga.; and a grocery store that morphed into a library in Oberlin, Ohio.
This Old House, Ask This Old House (PBS, various), This Old House Classics (HGTV): The first home rehab show, which debuted in 1980, is now three different programs: the
original adaptive reuse and home makeover show, the new question - and - answer series on home improvement problems, and the best of This Old House.
Poorly positioned ones will
need adaptive reuse that is tailored to the needs of the neighborhood.
At the same time, «we may see more renovation of affordable properties and 4 percent [LIHTC option] for
adaptive reuse accelerating if we can't get HUD loans,» he adds.
Some recent projects include downtown revitalizations, hospital
site adaptive reuse, asset management guidelines for religious communities, town / college expansion planning, and land planning for universities.
Phrases with «adaptive reuse»