Adaptive re-use, using a site or building for a purpose other than for which it was originally built or designed, has been a growing trend in cities like Atlanta where land is tight and construction costs are growing. Redeveloping an older building for a new purpose shortens the construction timeline, promotes sustainability, stimulates local heritage tourism and enables a sense of place. Adaptive re-use projects have an opportunity to help the larger commercial real estate market to grow by attracting top companies, retailers, restaurateurs and more. In the office sector, for example, Ponce City Market has been able to capitalize on the market preference for unique work environments, attracting big name companies like MailChimp to its office space.
For more information, check out the infographic created by the Atlanta research team below: