Amid uncertainty about how an extended trade war could affect the price of construction materials and boost the cost of new construction, adaptive reuse may be an increasingly attractive option.
With the costs of building new rising, new research by the Alabama Center for Real Estate found that adaptive reuse projects cost as much as 15% to 20% less than a new construction alternative. In order for adaptive reuse to work, though, flexibility is required in zoning and approval processes such as parking and density requirements.
Many cities have made these regulations more flexible for adaptive reuse projects and their efforts serve as a blueprint for smaller communities where these projects may now be more economically viable. Also making adaptive reuse more attractive is a desire by both Millennials and Baby Boomers to live in urban areas.
There is a scarcity of developable land in many urban areas, so repurposing existing structures can be a great way to create additional housing.
Related Stories
| Jan 1, 2014
San Francisco hosts Net Positive Energy + Water Conference
The Living Building Challenge’s Net Positive Energy + Water Conference will be held Feb. 4-5 in San Francisco.
| Dec 27, 2013
California’s new Title 24 energy code compliance date pushed back to July 1, 2014
Due to the stringency of the provisions in California’s new Title 24 energy codes, their implementation has been postponed until July 1, 2014 to allow jurisdictions and engineers to prepare for them.
| Dec 27, 2013
$1 billion 'city within a city' development approved by Coachella, Calif., city council
The mega development includes 7,800 homes, a retail center, office space, and nearly 350 acres of open space.
| Dec 26, 2013
OSHA may require companywide reporting of injuries and illnesses
The Occupational Safety and Health Administration is considering a change in policy that would require organizations to submit company-wide data on illnesses and injuries.
| Dec 26, 2013
USGBC recognizes Ohio for achieving 100th LEED-certified public school
The U.S. Green Building Council (USGBC) has recognized the state of Ohio and the Ohio School Facilities Commission (OSFC) on the LEED certification of the 100th public school building in the state.
| Dec 26, 2013
WDMA launches project to create ISO-compliant architectural doors
WDMA's National Architectural Door Council has initiated a project to create ISO-compliant Product Category Rules for architectural wood flush and stile and rail doors
| Dec 19, 2013
Defense Department okays Green Globes standard for DoD facilities
The Green Globes certification program from the Green Building Initiative can be used for the renovation and construction of Department of Defense facilities following agency endorsement.
| Dec 19, 2013
New York City proposal may boost standards for crane maintenance
New York City may boost maintenance standards for cranes operating in the city, including the addition of load cycle counters to record data regarding every lift that a crane performs.
| Dec 19, 2013
Lawmakers say EPA’s Energy Star standards lack transparency
A bipartisan group of lawmakers is raising concerns that the Environmental Protection Agency has not been transparent in drafting energy-efficiency standards under the Energy Star program.
| Dec 18, 2013
ASHRAE publishes 2013 thermal comfort standard
Major revisions for design and measurement of comfortable spaces are included in a newly published ASHRAE 2013 thermal comfort standard.