MW Builders has a new thought leadership piece on preparing for the unknown. In this article they discuss revitalization through adaptive reuse – In metros across the country, the urban core is seeing a resurgence of attention. After years of suburban sprawl, many developers are refocusing efforts on bringing people and businesses back into city centers. Despite many years of neglect, most of these urban areas already have existing buildings, several with historical significance. These structures are ideal candidates for adaptive reuse, the renovation of a building, maintaining its cultural or historical significance, but repurposed for today’s market.
As downtowns see more and more people coming back, both multifamily and hotel adaptive reuse projects are on the rise. There’s an appreciation for living somewhere with character and significance, but improved to have modern amenities.
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