Seeing the Bigger Picture: Renovations & Repositioning
Large renovation projects or building repositions, while less glamorous, present challenges far more complex than ground-up buildings. The commercial office market has faced headwinds over the past five years, with older properties feeling the brunt. To attract tenants seeking more amenities and to meet modern sustainability codes, older buildings must undergo significant changes. While reusing structures offers inherent sustainability benefits, existing MEP systems are often inadequate and rely on fossil fuels, which are being phased out in many areas.
Successfully managing these projects requires a tailored approach for both design and management.
Design
Working within existing structures: Space is a premium, and system designs must work within the constraints of the building's current footprint. Allocating space wisely may even free up room for more rentable square footage.
Balancing sustainability and longevity: When deciding what stays or goes, it's crucial to minimize waste while considering the long-term impacts of systems nearing the end of their lifespan. Short-term fixes can lead to higher costs down the line.
Client Expectations vs. Engineering Delivery: Different tenants have varying needs. The key is to design systems that meet code and client goals without over-engineering. Matching the scope to the tenant's requirements prevents unnecessary complexity.
Planning for the future: While focusing on tenant needs, don’t lose sight of the big picture. Avoiding patch-and-match aesthetics like the front photo of this blog requires this foresight.
Management
Understanding the project: Successful projects begin with clear communication. Aligning expectations across budgets, timelines, and sustainability goals requires transparency on trade-offs from the start.
Planning for the unknown: Renovations often reveal hidden issues. Early coordination between design and construction teams can prevent surprises from turning into costly overruns.
Being present onsite: Regular site visits are essential to observe conditions, review progress, and offer timely input to construction teams, keeping the project on schedule and on budget.
At TLE, these challenges drive us to innovate and deliver solutions that breathe new life into existing real estate. Reach out to discuss how we can help you revitalize your property.