Transforming old commercial spaces can unlock new value and opportunities. Discover the benefits and approaches to adaptive reuse and redevelopment of commercial properties. https://bit.ly/3KJLvgJ
Bob Caldwell SIOR’s Post
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We received a TON of feedback from our last LinkedIn post on our 𝐅𝐫𝐚𝐧𝐜𝐞𝐬𝐜𝐨 announcement, so we thought you would appreciate this video update... If you've been strolling along 17 Ave SW recently, we hope you’ve appreciated the "subtle" changes and felt the buzz of anticipation on all 3 of ASI’s active developments. Our 𝐅𝐫𝐚𝐧𝐜𝐞𝐬𝐜𝐨 project isn't just another building; it’s a testament to our Teams vision and unwavering commitment to create an enriched urban experience, an elevated city skyline and most importantly homes for our fellow citizens. People in the development ecosystem always talk about 𝑷𝒍𝒂𝒄𝒆 𝑺𝒆𝒕𝒕𝒊𝒏𝒈 in city planning and the question always is "WTH" does place setting even mean? Planners call it “creating a sense of place,” AKA the emotive bonds and attachments people develop in a specific environment. We see it as “the kind of environment you’re motivated to invest your time in, with whomever you wish that to do it with; in a safe, beautiful, and compelling space with diverse attractions and community engagement with a sense of PLACE. Our projects are extremely scrutinized "mixed-use" live-work-play-shop developments. The focus is the merging of street-side retail engagement with residential living to attract vibrant retail operators and create an active streetscape. We believe the 𝐅𝐫𝐚𝐧𝐜𝐞𝐬𝐜𝐨 will be the perfect symmetry of all these aspects combined in an exceptional and unparalleled, super-urban location. Feel the same or have a differing opinion? Let us know in the comments! Now, Onward and Upward! 𝐀𝐒𝐈 𝟏𝟕 𝐀𝐯𝐞 𝐒𝐖 𝐔𝐫𝐛𝐚𝐧 𝐌𝐚𝐬𝐭𝐞𝐫 𝐏𝐥𝐚𝐧 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝟓/𝟕. Arlington Street Investments BOMA Calgary BILD Calgary Region Avenue Calgary Magazine Storeys Connect CRE West Connect CRE City of Calgary DAAS Design And Architecture Studio Calgary Chamber of Commerce #development #construction #demolition
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The summer of 2021 brought about a significant change in the realm of property development, particularly in the conversion of vacant commercial buildings into residential properties. This shift has made the process easier under permitted development rights, unlocking new opportunities for property owners and developers alike. Key points to consider: - Vacant buildings for a minimum of 3 months. - Previous commercial use for at least 2 years. - Total floor area under 1,500 sq. meters. While the conversion process has been streamlined, it remains crucial to note that specific conditions and approvals still apply. Therefore, expertise and meticulous planning are essential when embarking on such projects. This avenue offers the potential to not only transform underutilized spaces but also address the growing need for residential areas. It's an exciting opportunity to breathe new life into existing structures and contribute positively to the community. If you're intrigued by this prospect or have queries on how to proceed, let's engage in a conversation about turning your vision into a reality. #CommercialProperty #PermittedDevelopment #PropertyConversion #RealEstateInvesting
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Part 2 Credit to Jack Landau November 13, 2024 Toronto's Yonge Street is about to witness a vertical explosion of condo towers https://lnkd.in/g8TAzcEb The massive influx of tall buildings in the area would indeed add quite a bit of length to North York City Centre's relatively narrow skyline, hugging its urban core along Yonge Street. The vertical growth on tap for this area includes upwards of 25 towers with over 8,200 residential units either proposed, approved or under construction in the narrow corridor along Yonge Street between Highway 401/Sheppard Avenue and Finch Avenue. However, the density coming down the pipeline grows to absolutely colossal proportions just a bit further north on Yonge Street, where the new subway extension is fostering a tidal wave of development for the northernmost portion of Yonge in Toronto. Velasco points to a staggering pipeline of over 75 towers with a combined unit count in excess of 32,000 for the area around Yonge Street from north of Cummer/Drewry Ave to Steeles Avenue at the city's northern boundary. South of the dividing line, some of the Toronto previously featured on blogTO include 6355 Yonge, 88 Steeles West, 10 Abitibi Avenue, 26 Nipigon Avenue, and the redevelopment of Centerpoint Mall. North of Steeles, some of the biggest projects in the works on the Vaughan side of this new skyline include 7028 Yonge, 72 Steeles West, and 7200 Yonge.
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Newly built homes offer more than a modern aesthetic—they are designed with energy efficiency, low-maintenance finishes, and up-to-date standards, making them a solid choice for property investors. With fewer repair surprises and long-term reliability, new builds can be a strategic investment in today’s competitive market. Do you see more value in the efficiency of new construction or the unique charm of older properties? Share your perspective in the comments, and let’s explore the opportunities together! #PropertyInsights #PropertyInvestment #UKHousingMarket #NewBuildHomes #InvestSmart #LandlordTips #PropertyMarketTrends #InvestorMindset #SustainableInvesting #ProfessionalNetworking
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Developers of the proposed megadevelopment surrounding United Center are rolling out more specifics. The privately funded 1901 Project, as it's been dubbed, will be delivered in several phases through 2040. Phase one, completing in 2028, features the main entertainment and recreational pieces designed by RIOS with landscape architect Field Operations: a 6,000 seat music hall, a 233-room hotel, and a park-topped parking garage. It would be nice to have the parking below ground and the green space at-grade, but cost is a likely deterrent. Later phases skew residential, with nearly 10,000 new homes filling in long-vacant lots. The plan carries an expectation that the City will construct a new Pink Line station at Monroe. We certainly hope this comes true! The Chicago Plan Commission weighs in on the proposal later this week. More details: https://lnkd.in/gPDGV7yd #megadevelopment #1901Project #UnitedCenter #NearWestSide #CTA 📸: Rendering by RIOS/Proloog
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The recent amendments to Vancouver's Broadway Plan mark a significant step in shaping the future of one of the city's most dynamic corridors. By aligning housing density with infrastructure upgrades and ensuring a balance between affordability and growth, these changes aim to address critical urban challenges. As we look to the future, it’s exciting to see how these plans will foster vibrant, inclusive communities while responding to the needs of current and future residents. Collaboration between stakeholders will be key to bringing this vision to life. #UrbanPlanning #Housing #VancouverBroadwayPlan https://lnkd.in/gC_9D9yH
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Ian Brackett, a senior broker for Goodman Commercial Inc., previously told Daily Hive Urbanized this policy limiting the number of towers per block has “created winners and losers” for the property owners. This has created competition among property owners and developers to secure the ability to build a high-rise, such as a 20-storey tower, on their site. Those unable to do so are left with the lower-density option of a four- or six-storey building. Those unable to build a tower would not only miss out on a potential increase in value, but the alternative option of a low- or mid-rise building might lack the density needed to make the project financially viable. https://lnkd.in/gDVA3_CS
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🏙️ Is the City of London on the verge of another tower boom? This article dives into the trends and proposals shaping the future skyline. A must-read for anyone interested in the future of city planning and commercial real estate. #UrbanDevelopment #CityOfLondon #RealEstate
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Heritage Works for Housing: New guide to adapting historic buildings for housing 🏗 Historic England has launched a new report - ‘Heritage Works for Housing’, which aims to help tackle the national housing shortage by providing small and medium-sized developers with clear guidance on repurposing historic buildings for residential use. The Government has been clear that more homes are urgently needed to address the housing crisis in this country. Building new is important but up to 670,000 homes could also be created by repurposing existing historic buildings in England. Commissioned by Historic England and drafted by Deloitte, Heritage Works for Housing offers comprehensive and expert insight into the benefits and challenges of transforming historic buildings into residential use, as well as providing practical step-by-step guidance at all stages of the process. This includes expert advice on feasibility testing, stakeholder engagement, heritage appraisal, design development, building consent and ongoing maintenance. Redeveloping historic buildings can help address the housing shortage in England, whilst also contributing to reaching net zero, through the reuse of the thousands of existing empty and under-used buildings. It is a profitable option too, with properties worth up to 10% more just through their proximity to a listed building. View the report at: https://lnkd.in/eEuPthsM #Homes #Retrofit #ExistingBuildings #HistoricBuildings
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DC is experiencing a remarkable transformation at an incredible rate due to its economic growth in real estate and development. As the city continues to boom, it's no surprise that the real estate market is in a bubble. It's exciting to see the city's progress and development, and we can only expect more growth in the future. #realestatedevelopment #realestate #dcrealestate
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Adaptive reuse and redevelopment certainly present interesting opportunities for investors, as is being proven with office conversions to residential units, data centers, and even self-storage facilities. The most common challenges we see, though, are high construction costs and zoning laws. What other challenges do you think are significant?