The guide also identifies over 20 properties totaling 21.5 acres that are well suited for redevelopment along with a listing of available tools, resources, and incentives
for adaptive reuse projects.
Buffalo, NY — The Erie County Industrial Development Agency's Board of Directors revisted a vote on incentives for Ellicott Development's
adaptive reuse project at 722 West Delavan Wednesday, approving the project with eleven votes, one more than the required ten votes to approve incentives.
The Buffalo Urban Development Corporation has received a second round of funding to help small and mid-sized developers working
on adaptive reuse projects.
With additions such as fashion brand Theory, German eyewear brand MYKITA and Andrea Lieberman Collection, the Broadway theater district is leading the way
with adaptive reuse projects.
The NFTA's presentation outlined how the plan responds to new market trends, including $ 7.4 billion in recent investment, as well as an estimated $ 1.7 billion future planned development at the Seneca One Tower in downtown Buffalo, on the Buffalo Niagara Medical Campus, at Northtown Plaza on Sheridan Drive in Amherst and
adaptive reuse projects such as Tri-Main and Highland Park in Buffalo.
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 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.
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.
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).
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.
The board also approved $ 591,000 in sales and mortgage recording tax abatements for Schneider Design Architects, PC for its $ 13.6 million
adaptive reuse project at 145 and 149 Swan St. in downtown Buffalo.
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.
These adaptive reuse projects are often costlier than new construction and fraught with challenges, but the consensus among developers is that the reward is worth the risk.
Built on integrity, we quickly established ourselves as a major player in the New York construction industry specializing in ground - up construction and
adaptive reuse projects.
Ellicott Development submitted a bid proposing a $ 5.8 million
adaptive reuse project that would create 33 apartments and 10,000 sq. ft. of commercial space for nonprofit entities, and was ultimately chosen as the winning bidder.
The Erie County Industrial Development Agency's Board of Directors revisted a vote on incentives for Ellicott Development's
adaptive reuse project at 722 West Delavan Wednesday, approving the project with eleven votes, one more than the required ten votes to approve incentives.
Savarino Development Corp. applied for an amendment to their previous incentive package for 500 Seneca Street in Larkinville to add 110 apartments to
the adaptive reuse project.
A new campaign is underway to promote the positive impact that
adaptive reuse projects have had in the City of Buffalo.
As
another adaptive reuse project, Sinatra was approved for $ 251,000 in sales tax on the purchase of construction materials and other equipment, and a one - time elimination of the 1 % mortgage recording fee, which for the $ 6.5 million mortgage on this property will be a savings of $ 65,000.
Whether that's an energy efficient building that increases productivity for tenants or
an adaptive reuse project that transforms a forgotten address into an urban destination, our developments generate superior value, inspire end users, and improve the environment we live, work, and play in.
The adaptive reuse project received a $ 1.25 million grant from Empire State Development.
The Waterline is
an adaptive reuse project located in an expansive industrial warehouse property in Santa Barbara's burgeoning Funk Zone.
A good example of
an adaptive reuse project, the companies were able to incorporate 95 percent of recycled material from the previous facility, which served Merrill Lynch, to deliver a build - to - suit space for the pharma company.
Construction is complete on
the adaptive reuse project for the Long Beach Press - Telegram Building.
The shopping center is part of a $ 53 - million
adaptive reuse project that TriBridge Residential started in 2015.
These adaptive reuse projects are often costlier than new construction and fraught with challenges, but the consensus among developers is that the reward is worth the risk.
Adaptive reuse projects and new office developments are plentiful in RiNo and LoDo districts.
Situated in downtown Dallas,
the adaptive reuse project is franchised by Choice Hotels International Inc. and features an 87 - year - old art deco style.
Avison Young releases Topical Report «
Adaptive reuse projects: What's old is new again» LONG ISLAND, NY, April 9, 2018 / PRNewswire / - Never before...