5. Saves time; faster than brand new construction:
Dating back to 1860, the former Central of Georgia Depot and Trainshed houses the Savannah Visitors Center and the Savannah History Museum.
There is an old adage that says time is money. A huge economic advantage for private developers and cities attempting to revitalize their aging urban cores is that a renovated existing building becomes suitable for occupancy sooner rather than later. This allows developers to have cash inflow and for cities to turn around desolate areas in a much shorter time frame.
Passenger service at Savannah’s Central of Georgia Depot ceased in 1971. In 1990, the Coastal Heritage Society began managing the facility. As opposed to going through the time and expense of constructing a new building, the Savannah History Museum occupies space inside the former depot’s trainshed.
4. Cost Savings on Demolition:
Downtown Orlando’s 1960s-era Orlando Utilities Commission office building was converted into a 118-room Aloft Hotel in 2013.
Typically an overlooked expense, demolition costs can run as high as five to ten percent of the total cost of new construction.
3. Preservation Of Local Identity And Sense Of Place:
A Walmart Neighborhood Market occupies the old San Diego Farmers Market building in the city’s Logan Heights neighborhood. While Walmart is known for “big box” stores, which can generate community opposition, in recent years Neighborhood Markets have mostly opened in vacant commercial spaces, requiring fewer permits, public hearings — and, presumably, having less potential to rile up neighbors.
Miami is known for its extensive collection of Art Deco buildings while New Orleans is known for its shotgun architecture. Older buildings not only add and establish the character and scale of our local built environments, they also are a direct physical link to our past, cultural heritage and identity. Cities across the country tend to embrace the concept of adaptive reuse because no matter how one slices it, restoring a historic space goes a long way in preserving local sense of place and authentic experiences that can’t be replicated elsewhere.
2. Takes Advantage Of Urban Revitalization Trends:
If you ask the city dwellers of Pittsburgh what the definition of “cool” living in the city is, they will all agree on one thing: the Otto Milk Building Condominium is the place to be. Originally built in 1865 for the Phoenix Brewing Company, the Otto Milk Company used this building as a processing and storage factory. Located in the popular Strip District, in recent years, it has been redeveloped into a $14.7 million, 58 unit market-rate condominium complex.
Across the country there is great interest in authentic experiences associated with living and working in unique cities with a special sense of place. A magnet for attracting educated young professionals, adaptive reuse of existing buildings is a major characteristic of cities where urban revitalization has been a success.
1. Decreased public and social costs:
In New Orleans, the Dryades Public Market is a unique solution for a neighborhood that was once a food desert. In 2011, Alembic Community Development acquired the closed Myrtle Banks Elementary School and transformed the space into a building that is now home to a specialty grocery market, arts, nonprofits and other small businesses.
In many older cities across the country, the urban core population has declined by more than fifty percent since 1950. Adaptive reuse of vacant structures and landmarks in neighborhoods designed for twice as many people as live there today offers the opportunity to create new affordable housing, start-up businesses and home ownership. In addition, adaptive reuse can serve as a method to reverse the economic decline of inner cities communities while reducing displacement associated with gentrification.
A look inside Dryades Public Market.
Article by Ennis Davis, AICP. Contact Ennis at firstname.lastname@example.org