The adaptive use of existing buildings is a growing trend among developers — and for good reason. These projects play a key role in land conservation, provide a sustainable option over demolition, allow for historic preservation, and can cost less than building from scratch. Yet as we discussed in our other adaptive use webinars, the financial aspects of these projects can make them difficult to achieve.
Another challenge comes with the construction of adaptive use projects. Developers need to determine construction costs as far in advance as possible, but the many variables that go into a construction budget are rarely, if ever, defined early on.
How can developers and architects overcome this and other challenges related to the construction of adaptive use projects? Find out in the fourth and final webinar of our Adaptive Use Webinar Series, where John Diehl and Willy Moore, vice presidents of Southway Builders, will share lessons learned from completed projects and strategies to help you anticipate and budget for various conditions in existing structures.
In less than one hour, you will learn how to:
- Identify key aspects of existing buildings when pursuing potential redevelopment.
- Minimize risks by reducing the potential for unknown conditions.
- Define a process that ensures early conceptual budgets hold through final guaranteed maximum price (GMP).
- Ensure compliance with historic tax credit requirements.
If you’re interested in adaptive use and historic renovation projects, this webinar is not to be missed.