The historic Hahne & Co. building was redeveloped by a joint venture between affiliates of L+M Development Partners Inc., Prudential, and Goldman Sachs from a once grand but vacant department store into a lively mixed-use development in the heart of downtown Newark, New Jersey.
The Tomorrow Building is a four-story, 40,000 square foot building in downtown Chattanooga, Tennessee that was originally built as a hotel in 1888. After a $9.5 million transformation, it houses 39 furnished micro-unit apartments, shared social and work spaces, and four locally owned retailers. The building’s developer is part of an incubator for early-stage companies, which has found that the co-living concept has helped with retaining employees.
This adaptive use transformed a two-story, 48,000-square-foot commercial building and ornate movie theater lobby into 23 loft apartments, four neighborhood-serving retailers, and a large banquet facility that fills the former lobby. The structure is the most prominent building along the Seneca Street corridor in south Buffalo, New York. The renovation was completed by a local developer and financed by a local bank, together with historic tax credits, local tax incentives, and grants.
The Owyhee is a 139,424 square foot mixed-use building in downtown Boise, Idaho that combines 55,683 square feet of office space, 36 studio and one-bedroom apartments, 23,913 square feet of restaurants and convenience retail, and a ballroom for special events. The building was built in 1910 as a grand hotel, and is fondly remembered by many local residents. Its redevelopment included the first newly built apartments in downtown Boise in decades, and established that a market existed for luxury apartments and creative office space. Many local lenders and investors passed on the Owyhee’s renovation, but out-of-town investors saw its potential both during redevelopment and after completion.
The Newton is an 18,599-square-foot (1,727 sq m) mixed-use retail, dining, office, and events building in Uptown Phoenix, Arizona, housing an independent bookstore with a beer, wine, and coffee bar; a home and garden store; a chef-led restaurant; a small office; and spaces for meetings and events. The Newton hosts hundreds of events each year, whether sponsored by its tenants or booked by the public. It was built within a renovated restaurant/banquet facility whose mid-century modern architecture and old-fashioned cuisine made it a local landmark for 40 years.
AF Bornot Dye Works is a loft apartment and retail project that involved the adaptive use and restoration of three timber and concrete factory buildings north of Center City Philadelphia. The three four-story buildings include 17 rental residences on the upper levels and 13,210 square feet of retail space across two lower levels. The developer, MMPartners, built upon 15 years of experience renovating and building scores of residential and retail properties in the nearby Brewerytown neighborhood. The $10.7 million development was funded with a conventional loan, federal and state historic tax credits, a city incentive loan, partner equity, and a $375,000 mezzanine loan from an online crowdfunding platform.
Located in the city of Jeonju, about 200 kilometers south of Seoul, South Korea, Jonju Hanok Village is a neighborhood started in the 1910s that grew significantly in the 1930s as an area of affluence. A hanok–also known as a giwajib, or tile-roofed house–with a courtyard was significantly more expensive to build than the then […]
Wiley H. Bates High School in Annapolis, Maryland, a cultural landmark that sat vacant for more than 20 years, has been reinvented as Wiley H. Bates Heritage Park, a development incorporating housing for low-income seniors, community services for seniors and young people, and a museum of the school and its community. Bates School, which opened in 1933, was the city’s first freestanding secondary school for African Americans and was named after a local man who was born into slavery and later became one of Annapolis’s wealthiest citizens.
Completed in January 2007, the Columbia Residences is a 225-unit, 395,000-square-foot (36,697 m2) luxury condominium building that includes both adaptive use of the historic hospital structure and new construction. The development team, which also included architect Shalom Baranes Associates, worked diligently with neighborhood associations and city historic review to arrive at a thoughtful redevelopment solution. This involved restoring the original hospital structure, demolishing the non-historic remainder of the building, adding two L-shaped wings along the building’s east and west sides, and adding three levels of below-grade parking. The new wings, each of which contains at its base approximately 11,000 square feet (1,022 m2) of street-level retail space, were designed to protect the sight lines of the original building and to complement its unusual Mediterranean architecture.
The Liberty Hotel/Yawkey Center project seamlessly blends two uses not commonly associated with each other—a hotel and hospital—on a three-acre (1.2-ha) shared site. In addition to the unconventional partnering, the development includes an adaptive use of the Charles Street Jail, a historic landmark at the northern base of Boston’s Beacon Hill neighborhood. Ultimately, a common planning vision between the developer and the owner united the disparate functions, resulting in a $150 million, 300-room luxury hotel and 440,000-square-foot (40,877-m2) state-of-the-art medical outpatient facility.