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Is Your Adaptive Reuse Project a Good Financial Fit?

Here is what you should consider when evaluating whether or not your project is financially feasible.

Adaptive reuse projects are a popular way to revitalize communities and cater to a new generation of consumers but there are factors to consider that may not be present in traditional ground-up development projects. Here is what you should consider when evaluating whether or not your project is financially feasible.

What are the factors that will ensure a financially feasible adaptive reuse project?

Investors and developers are always looking for new ways to entice this new generation of consumers who desire to "live, work, and play" in already-developed urban areas. One way that they are accomplishing this is through adaptive reuse. Adaptive reuse has been a large part of urban revitalization, especially in the Northeast, where there is a large inventory of abandoned or poorly-maintained buildings (industrial plants, factories, warehouses, refineries, etc.) whose initial purpose has become obsolete.

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