Infrastructure and amenities for all ages
Monday, May 06, 2019
While downtowns are inherently attractive to many demographics, the existing infrastructure may not accommodate the needs of all age groups. Downtowns offer unique architecture and affordable spaces that are well suited to all types of uses, but properties that have not been well-maintained or recently renovated require both inspiration and capital to translate existing spaces into move-in-ready apartments and retail storefronts. Not only are these projects potentially costlier than opening in a newer white-box space, they also require more know-how, since building code and occupancy changes inject significant variability into the process.