Adaptive Re-use Strategies

Vacant, under-utilized or functionally obsolete commercial and industrial facilities can offer real opportunities to an owner. An adaptive re-use analysis offers practical development and implementation strategies for such a property. Often this provides the owner with an alternate way to achieve corporate objectives through maximizing the asset’s value and timely disposal of the property.

As the expert co-ordinator of the project team, Weston Consulting prepares a strategy consisting of a market and land use assessment of the property, examination of current market and land use trends, preparation of a financial pro forma and the development of a corporate business plan for value enhancement and disposition.

Adaptive re-use strategies can be undertaken directly for corporate management interests or in conjunction with a real estate marketing firm. Weston Consulting assembles a team with a range of expertise including financial assessment, environmental remediation, traffic analysis, site servicing, architecture and marketing.

An adaptive re-use strategy typically includes:

• Site assessment

• Preliminary development concepts

• Analysis of financial implications

• Development Options report

• Implementation