What is Adaptive Reuse of Historic Properties?
"They are concerned about the project's success--how it blends in, how it is accepted by the community -- and not just the dollars.-- Ruth LaForge, Executive Director, Upper Savannah Council of Governments
- The Landmark Group has developed over 50 adaptive reuse properties over the last twenty years.
- Adaptive reuse is taking an historic building and converting them to apartments.
- Most of these buildings are old mills, schools, hospital and industrial buildings which are at least 50 years old.
- These developments received part of their funding through the use of federal and/or state historic tax credits which are issued by the National Park Service which are sold to corporate investors.
- The repositioning of the buildings as apartments are executed while still bringing the building back to the period correct condition which requires the creative talent at The Landmark Group.
- Most of the recent adaptive-reuse buildings completed by The Landmark Group have met current energy requirements through Earth Craft’s green development requirements.
- The driving vision behind Landmark’s development of Adaptive Reuse properties is to bring apartments to the original core business centers by reusing an existing building near shopping and employment. The local neighborhood’s benefit since the new tenants are the employees and consumers for the local businesses.
- The Landmark Group has been a leader at revitalizing downtown communities and repopulating the donut holes that were formed in the second half of the 20th century and has been the seed to create much needed change.
Click on our different Adaptive Re-use Historic projects below to learn more: