March 6, 2016 | by Nancy Crotti | Commercial Property Executive
Creative projects give new life to vintage properties.
Why go through the trouble and expense of transforming obsolete buildings for the 21st century, rather than starting from scratch?
Today’s developers are finding a host of reasons. Some mature, densely developed markets offer precious little land for new construction. Others present an opportunity to reinvigorate an underachieving zone between the city and its business-magnet suburbs. Then there are the abandoned factories within a stone’s throw of major roads and rail lines, and the attractively located suburban office complexes sitting vacant.
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