Thursday, April 26, 2012

Old Is New Again

Mt. Vernon Mill project located in Baltimore, Maryland 

The Patterson project located in Baltimore, MD
Currently one of the most active development/construction markets is adaptive reuse. With most construction markets in a weakened state, the adaptive reuse project has several positive factors that are attracting developer’s attention.

Adaptive Reuse is a process for adapting old buildings for new uses while retaining their historic features. An old factory may become an apartment building. A rundown church may find new life as a restaurant.

With a huge inventory of older apartment buildings, manufacturing facilities, office buildings, closed schools, and warehouses, the potential for experienced developers is great. The value of older buildings is not in just the historic value but they offer additional incentives to developers.

Most Common Reasons for Adaptive Reuse
Location – Historic, unused buildings were often constructed in industrial settings. As cities grew around the area, hospitals, schools and retail were are developed. While the historic building may be currently unused, most are in prime locations for access to nearby communities.

Environment – While the costs of replacing a building can be similar to adapting it to another use, the environmental savings to renovating far outweigh traditional building practices. When a new building is constructed, a huge amount of energy is consumed by all of the processes associated with the production of a building, from the acquisition of natural resources to product delivery, including mining, manufacturing of materials and equipment, transport and administrative functions, not to mention the demolition of the old structure. By reusing buildings, the energy used when the building was originally constructed is retained. Adapting old buildings also keeps thousands of tons of demolition waste out of our landfills.

Community development – Turning an abandoned building into something useful and beautiful creates community camaraderie and increases property values. Members of a community will often invite this new development as opposed to battling against it.

Aesthetic Value – many of the old, interesting characteristics of historic buildings, such as stained glass, brickwork, limestone, granite and ironwork, are much too costly to reproduce today. By adapting an old building, these striking features remain and create a unique and beautiful edifice.

Tax Credits – Owners of historically adapted buildings have access to Historic and New Market Tax Credits, which can help greatly in funding a project.

Speed – Most utilities are already in place, reducing the time usually allotted for installation and permit. Approvals are also expedited along with  the ability to start environmental abatement and selective demolition immediately without the long lead time for ordering new materials.

The Reading Outlet Center project located in
Reading, PA
Kinsley has over 40 years of quality construction experience and a whole practice in renovations, historic tax credits, building and site stabilization, and adaptive reuse. We know what issues can arise when working with older properties because we ask right questions and hire the right subcontractors. Our expertise will assure a better design/development plan before any construction starts. Kinsley Construction knows the issues and is skilled at resolving them. Pre-planning is critical to making an adaptive reuse project successful and we will get your project across the finish line. We can also introduce you to the value of BIM and Vela, two of the most current high tech systems used in construction today.

Kinsley is honored to have been awarded the US Green Building Council’s “Adaptive Reuse Project of the Year” for the M.C. Dean projects in Baltimore, MD. This year we are working on several new adaptive reuse projects, all with different challenges and rewards. If you are considering
Gunther Square @ Brewers Hill located in Baltimore, MD
an adaptive reuse project in the future, we would be happy to accommodate a tour of one of these projects, currently in an early stage, as well as a site visit after the project has been completed. After you see a Kinsley adaptive reuse project from start to finish, you will know that our expertise and experience with these projects will ensure that your next construction venture is a success.