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