The buzzword in real estate circles these days is asset repositioning—taking a down-on-its-luck property, usually an older office building, and revaluing it through reconstruction.
TOP 130 RECONSTRUCTION ARCHITECTURE FIRMS
Rank, Firm, 2015 Revenue
1. Beck Group, The $316,027,821
2. Stantec $231,765,480
3. IMC Construction $225,000,000
4. HOK $112,706,000
5. HDR $110,180,000
6. CannonDesign $102,600,000
7. Perkins+Will $101,690,400
8. HGA $85,650,000
9. HKS $72,760,766
10. DLR Group $63,000,000
TOP 110 RECONSTRUCTION CONSTRUCTION FIRMS
Rank, Firm, 2015 Revenue
1. Gilbane Building Co. $2,127,487,000
2. Turner Construction Co. $1,931,117,760
3. Whiting-Turner Contracting Co., The $1,404,237,262
4. PCL Construction Enterprises $1,303,288,338
5. Balfour Beatty US $1,214,992,385
6. Pepper Construction Group $832,830,000
7. JE Dunn Construction $804,928,900
8. Consigli Building Group $777,521,827
9. DPR Construction $759,149,850
10. Shawmut Design and Construction $704,000,000
TOP 70 RECONSTRUCTION ENGINEERING FIRMS
Rank, Firm, 2015 Revenue
1. Jacobs $416,783,478
2. Robins & Morton $339,995,669
3. Boldt Company, The $195,086,494
4. Burns & McDonnell $176,706,584
5. IPS $141,876,000
6. WSP | Parsons Brinckerhoff $136,804,000
7. Jensen Hughes $104,807,939
8. Benham Design $102,458,168
9. Wiss, Janney, Elstner Associates $71,632,800
10. Dewberry $60,223,172
More often today, such projects sprinkle in fresh mixed-use ingredients—apartments, condos, retail outlets, restaurants, even entertainment venues.
“It all comes down to amenities and the quality of the space,” says John Clegg, AIA, LEED AP, Principal of Design in Page’s Houston office.
Reconstruction, says Clegg, is always a balancing act between the client’s pro forma and what the building needs to be vibrant again. Page’s work at 1100 Louisiana in Houston is an example of a low-cost solution that involved refreshing the lobby with new furniture, lighting, signage, and amenities—in this case, a Starbucks.
At 811 Louisiana, more drastic measures were called for. A major tenant had moved out, and the owner needed to attract a new lessee. Page proposed resetting the interiors of the first five floors and recladding the exterior to give the building greater curb appeal. The desired effect was to “change the identity of the building itself,” says Clegg.
One Main Place, in Dallas, is another example of a distinguished property that had fallen on hard times. One Main Place was designed in the 1950s by Skidmore, Owings & Merrill’s Gordon Bunshaft, but it was only 30% leased after prime tenants like Bank of America and Ernst & Young had pulled up stakes.
ForrestPerkins, acting as architect of record and interior designer, led the conversion of the 10 upper floors of the 32-story structure into the Westin Dallas Downtown—326 guest rooms, two restaurants, a top-floor swimming pool, ballroom, and guest suite.
The second floor, with 25-foot-high ceilings, was converted into a public space. A porte cochère was added for the hotel. Separate entrances were provided for the ground-floor restaurant (NOLA Brasserie) and the offices. A 5,000-sf glass-enclosed Willow Pavilion was nestled within an existing 20,000-sf exterior sunken plaza.
“The thinking is that the hotel will raise the office space to a higher classification,” says Lawrence Adams, AIA, ForrestPerkins’s Principal in Charge.
Overcoming obstacles
In its renovation of the 109-year-old, 50,000-sf Van Antwerp building, the first reinforced concrete structure to be built in Mobile, Ala., the Building Team—Goodwyn | Mills | Cawood (architect), Thompson Engineering, and Doster Construction (GC)—preserved as much of the original structure as it could. They restored the terra cotta skin. They scanned pieces of the original exterior cornice to create a fiberglass replacement. The underside of the cornice now features mounted glass panels with LED lighting.
The $24 million project had to deal with a foundation that was only 25 feet wide. The foundation had to be reinforced to allow an 11-story addition to be built on the existing 11-story property, says GMC’s Tracy Bassett.
Last year, Leo A Daly completed the conversion of a former mental hospital on the Veterans Administration’s campus in West Los Angeles, which had been abandoned for decades, to permanent therapeutic residences for 65 former homeless veterans. “We envisioned each of the private apartments as rehabilitative cocoons carved into the fabric of a historic structure,” said Michael Walden, Leo A Daly’s Director of Design.
Nicos Katsellis, AIA, LEED AP BD+C, EDCA, GGP, Vice President and Director of Operations for Leo A Daly, says the 46,000-sf concrete building, which dates to the 1940s, was structurally sound. But the firm completely renovated the interior, which included moving the center corridor to the side to expose it to more daylight, and installing clerestories with translucent panels over the corridor.
Windows were restored with energy-efficient glazing. The construction of residences had to take into account columns and windows that weren’t always spaced uniformly. To free up overhead space in the rooms, the team ran vertical duct shafts from the HVAC system in the attic into numerous areas of the building.
RETURN TO THE GIANTS 300 LANDING PAGE
Related Stories
| May 25, 2011
Low Impact Development: Managing Stormwater Runoff
Earn 1.0 AIA/CES HSW/SD learning units by studying this article and successfully passing the online exam.
| May 25, 2011
Register today for BD+C’s June 8th webinar on restoration and reconstruction projects
Based on new and award-winning building projects, this webinar presents our “expert faculty” to examine the key issues affecting project owners, designers and contractors in case studies ranging from gut renovations and adaptive reuses to restorations and retrofits.
| May 25, 2011
Hotel offers water beds on a grand scale
A semi-submerged resort hotel is the newest project from Giancarlo Zema, a Rome-based architect known for his organic maritime designs. The hotel spans one kilometer and has both land and sea portions.
| May 25, 2011
Smithsonian building $45 million green lab
Thanks to a $45 million federal appropriation to the Smithsonian Institution, the Smithsonian Environmental Research Center in Edgewater, Md., has broken ground on what is expected to be one of the most energy-efficient laboratories in the country. The 69,000-sf lab is targeting LEED Gold and is expected to use 37% less energy and emit 37% less carbon dioxide than a similar building.
| May 25, 2011
World’s tallest building now available in smaller size
Emaar Properties teamed up with LEGO to create a miniature version of the Burj Khalifa as part of the LEGO Architecture series. Currently, the LEGO Burj Khalifa is available only in Dubai, but come June 1, 2011, it will be available worldwide.